Softbank Group
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Committed to India in the long term, says SoftBank’s India head Sumer Juneja
Sunny Sen •Masayoshi Son, CEO and Founder of SoftBank, during his India visit, said that he wants to bet on the future.
China's Alibaba Group files for Hong Kong listing, may raise $20 billion as soon as third quarter
•China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as the third quarter of this year, a person with direct knowledge of the matter said
Japan's SoftBank Group to book $11 billion profit on sale of shares in China’s Alibaba Group Holding
•Japan’s SoftBank Group Corp said on Tuesday it expects to book around 1.2 trillion yen ($11.12 billion) in pre-tax profit on the sale of shares in China’s Alibaba Group Holding Ltd
Uber nears investment deal for self-driving car unit: WSJ
•Uber Technologies Inc's self-driving car unit could be valued at $7.25 billion.
Uber's self-driving car unit is in the spotlight ahead of IPO later this year
•Uber, last valued at $76 bn in the private market, is seeking a valuation as high as $120 bn in its IPO.
Honda, Hino to join SoftBank-Toyota partnership's self-driving car service project; to take 10% stake in venture
•The new investment from Hino and Honda would leave SoftBank with a 40.2 percent stake in Monet, down from just over 50 percent when the venture was formed. Toyota will hold a 39.8 percent stake.
Ola banned for six months in Karnataka for violating government rules
•Ola banned for running motorcycle taxis in Karnataka, misusing the license granted by the authorities.
South Korean automaker Hyundai Motor in talks with Ola, may invest $250 million in latest funding round
Fp Staff •The deal, which is at advanced stages of discussion, is likely to close in next few weeks. The investment will give Hyundai about a 4 percent stake in Ola
Paytm extortion case: Noida court rejects former executive Sonia Dhawan's bail plea, says she committed 'serious crime'
Fp Staff •The court while rejecting Dhawan's bail application said that there is adequate evidence against the former Paytm executive and her active involvement in the crime has come to light.
Oyo all set to make US foray; plans to launch affordable living solutions for young people, middle-income groups
Fp Staff •At present, Oyo has over 13,000 franchised and leased hotels, and over 450,000 rooms, adding over 64,000 rooms every month, globally.