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Trump Announces Stargate, A $500 Billion Artificial Intelligence Initiative
US President Donald Trump announced a USD 500 billion investment in AI infrastructure through a new company, which is being created in partnership with Oracle, SoftBank and Open AI.
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Ola to Shutdown Operations in UK, Australia, New Zealand; to Focus on India Business
Ride-hailing services provider Ola has decided to shut down operations in the UK, Australia and New Zealand and will continue to focus on India business, its promoter ANI Technologies said on Tuesday.
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Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
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Meesho Eyes Threefold Growth in Festive Season Orders, Will Use Meesho Mall to Attract Consumers
SoftBank-backed Meesho aims for three-fold growth in orders in the upcoming festive season as it will leverage Meesho Mall for the first time to attract consumers to buy directly from brands and authorised channel partners.
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Ola Electric Plans to File Paperwork for Its $700 Million IPO by End of October: Details
India's Ola Electric plans to file regulatory papers for its up to $700 million (roughly Rs. 5,815 crore) IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore's Temasek and Japan's SoftBank, Ola Electric was valued at $5.4 billion (roughly...
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Swiggy Said to Have Initiated Talks for IPO Plans, Eyes Stock Listing in 2024
Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, three sources with direct knowledge of the matter said. Swiggy, which delivers food from restaurants and also groceries, was valued at $10.7 ...
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Ola Electric Expects to Quadruple Revenue This Financial Year, Reveal Company Documents
Indian e-scooter maker Ola Electric expects revenue to quadruple to $1.5 billion (nearly Rs. 12,300 crore) this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter. The figures, however, pre-date surprise cuts by the federal government to e-scooter incenti...
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Ola Advances Plan for IPO as EV Scooters Take Off in India, Plans to Unveil Electric Car in 2024
Ola Electric Mobility is in line for an initial public offering sooner than its founder previously imagined, reflecting the Indian startup’s whirlwind pace of growth since it started selling electric scooters in late 2021.
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Ola Electric Said to Hold Investor Meet on IPO Plans From Next Week
India's Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock market listing, the first of a series of meetings for its up to $1 billion (nearly Rs. 8,250 crore) IPO, two sources with direct knowledge said. The sources said Ola, which makes electric scooters and is backed by investors such as ...
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Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters.
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Pics: Softbank CEO, Paytm Boss Attend OYO Founder Ritesh Agarwal's Wedding
Photos showed the new couple, Ritesh Agarwal and Geetansha, touching Masoyoshi Son's feet to seek his blessings.
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SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
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Alibaba Group Sells Remaining Stake in Paytm Worth Rs. 1,378 Crore
China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about Rs. 1,378 crore through a block deal, stock exchange data showed on Friday. The exit comes days after Paytm posted its first-ever quarterly operating profit as a listed firm, nine months ahead of its own target.
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Paytm's Parent Firm share Ended 1 Percent Higher Day After Falling Sharply
One97 Communications, Paytm's parent firm's shares on Friday ended over 1 percent higher, a day after falling sharply. In morning trade, the stock had declined over 2 percent after SoftBank divested 4.5 percent stake in the firm for Rs. 1,631 crore through an open market transaction. The stock dipped 2.23 percent to Rs. 527.50 during the day on th...
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Paytm Parent One97 Shares Fall on Report of Softbank Stake Sale
Paytm parent One97 Communications' shares fell as much as 10 percent on Thursday after a report that SoftBank would sell Paytm shares with $215 million (roughly Rs. 1,755 crore). The stock is being sold in a range of Rs. 555 to Rs. 601.45 per share, and the sale is the latest in a string of divestments that SoftBank has made in the past few months...
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Trump Announces Stargate, A $500 Billion Artificial Intelligence Initiative
US President Donald Trump announced a USD 500 billion investment in AI infrastructure through a new company, which is being created in partnership with Oracle, SoftBank and Open AI.
-
Ola to Shutdown Operations in UK, Australia, New Zealand; to Focus on India Business
Ride-hailing services provider Ola has decided to shut down operations in the UK, Australia and New Zealand and will continue to focus on India business, its promoter ANI Technologies said on Tuesday.
-
Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
-
Meesho Eyes Threefold Growth in Festive Season Orders, Will Use Meesho Mall to Attract Consumers
SoftBank-backed Meesho aims for three-fold growth in orders in the upcoming festive season as it will leverage Meesho Mall for the first time to attract consumers to buy directly from brands and authorised channel partners.
-
Ola Electric Plans to File Paperwork for Its $700 Million IPO by End of October: Details
India's Ola Electric plans to file regulatory papers for its up to $700 million (roughly Rs. 5,815 crore) IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore's Temasek and Japan's SoftBank, Ola Electric was valued at $5.4 billion (roughly...
-
Swiggy Said to Have Initiated Talks for IPO Plans, Eyes Stock Listing in 2024
Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, three sources with direct knowledge of the matter said. Swiggy, which delivers food from restaurants and also groceries, was valued at $10.7 ...
-
Ola Electric Expects to Quadruple Revenue This Financial Year, Reveal Company Documents
Indian e-scooter maker Ola Electric expects revenue to quadruple to $1.5 billion (nearly Rs. 12,300 crore) this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter. The figures, however, pre-date surprise cuts by the federal government to e-scooter incenti...
-
Ola Advances Plan for IPO as EV Scooters Take Off in India, Plans to Unveil Electric Car in 2024
Ola Electric Mobility is in line for an initial public offering sooner than its founder previously imagined, reflecting the Indian startup’s whirlwind pace of growth since it started selling electric scooters in late 2021.
-
Ola Electric Said to Hold Investor Meet on IPO Plans From Next Week
India's Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock market listing, the first of a series of meetings for its up to $1 billion (nearly Rs. 8,250 crore) IPO, two sources with direct knowledge said. The sources said Ola, which makes electric scooters and is backed by investors such as ...
-
Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters.
-
Pics: Softbank CEO, Paytm Boss Attend OYO Founder Ritesh Agarwal's Wedding
Photos showed the new couple, Ritesh Agarwal and Geetansha, touching Masoyoshi Son's feet to seek his blessings.
-
SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
-
Alibaba Group Sells Remaining Stake in Paytm Worth Rs. 1,378 Crore
China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about Rs. 1,378 crore through a block deal, stock exchange data showed on Friday. The exit comes days after Paytm posted its first-ever quarterly operating profit as a listed firm, nine months ahead of its own target.
-
Paytm's Parent Firm share Ended 1 Percent Higher Day After Falling Sharply
One97 Communications, Paytm's parent firm's shares on Friday ended over 1 percent higher, a day after falling sharply. In morning trade, the stock had declined over 2 percent after SoftBank divested 4.5 percent stake in the firm for Rs. 1,631 crore through an open market transaction. The stock dipped 2.23 percent to Rs. 527.50 during the day on th...
-
Paytm Parent One97 Shares Fall on Report of Softbank Stake Sale
Paytm parent One97 Communications' shares fell as much as 10 percent on Thursday after a report that SoftBank would sell Paytm shares with $215 million (roughly Rs. 1,755 crore). The stock is being sold in a range of Rs. 555 to Rs. 601.45 per share, and the sale is the latest in a string of divestments that SoftBank has made in the past few months...
