Softbank Group News
SoftBank’s Vision Fund: Navigating through Challenges | Mint Primer | Mint
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27 Jun 2023SoftBank resumes buybacks with modest $380 million in September
SoftBank Group resumed buying back shares in Sept, shelling out ¥40.1 billion ($380 million) after suspending in August a multi-billion-dollar program that’s proven instrumental in buoying the stock
1 min read14 Oct 2020Oyo is firing thousands of staff across China and India, cites non-performance
Oyo has let go of 5% of its 12,000 employees in China partly due to non-performance, while dismissing 12% of its 10,000 staff in IndiaOyo is undergoing a restructuring, trimming redundancy in China and India, leading to thousands of dismissals
2 min read10 Jan 2020SoftBank Group triples net profit in first quarter
Sales rose 2.8% to 2.34 trillion yen while operating profit dipped 3.7% to 690 billion yenSoftBank Group said the growth was boosted by delayed gains from its 2016 sales of shares in Alibaba
1 min read7 Aug 2019SoftBank to use proceeds from first Vision fund for the second
The Japanese investment firm, led by artificial intelligence advocate Masayoshi Son, on Friday said it had secured pledges for a second Vision Fund totalling about $108 billionOne newcomer is Kazakhstan’s sovereign wealth fund with an investment likely under $3 billion
1 min read30 Jul 2019SoftBank has a big Sprint problem on its hands without T-Mobile
If forced to absorb Sprint and its $39 bn debt, SoftBank may have to rethink other ventures or sell assetsWith a $19 billion stake in Sprint, SoftBank will bear the brunt of the fallout if the deal collapses
3 min read6 May 2019SoftBank Group’s giant debt burden looks worse than it actually is, say analysts
SoftBank has been suggesting that its loan-to-value ratio, which is less than 20%, is a better measure of its leverageThe major global credit assessors rate the group at junk, and its bond risk is among the highest for Japanese borrowers
2 min read31 Jan 2019SoftBank Corp shares slide 10% on debut after record Japan IPO
Following its $23.5 billion IPO, shares of the telecoms unit of SoftBank Group Corp fell as far as 1,344 yen five minutes into trade, or 10.4% lower than its IPO price of 1,500 yen
1 min read19 Dec 2018Paytm bets on local expertise to fend off rivals
With 95 million monthly active users, Paytm has been growing by 5% to 6% month-on-month. It aims to reach 500 million users by 2022
2 min read11 Sep 2018Paytm Mall eyes $10 billion in gross sales by March 2019
By March, Paytm expects unit orders to jump to 1-1.5 million per month, from about 625,000 currently, its founder and chief executive Vijay Shekhar Sharma said
3 min read16 Aug 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared