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Softbank exits Paytm at loss of around $150 million

Softbank exits Paytm at loss of around $150 million

Sat, Jul 13, 2024

Softbank held around 18.5 per cent stake in Paytm before the company's initial public offering (IPO) in 2021. It held a 17.3 per cent stake through SVF India Holdings (Cayman) Ltd and 1.2 per cent through SVF Panther (Cayman) Ltd.

Japan's SoftBank cuts stake in Paytm to under 3%

Japan's SoftBank cuts stake in Paytm to under 3%

Thu, Feb 29, 2024

The stock has fallen 48.5 per cent and lost around 234 billion rupees ($2.8 billion) in value since the Reserve Bank of India on January 31 ordered the company to wind down its banking arm citing persistent non-compliance with regulations.

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses

Thu, Feb 08, 2024

Tokyo-based SoftBank reported a 950 billion yen (USD 6.4 billion), profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier.

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Snapdeal board rejects Flipkart's $850 million offer

Snapdeal board rejects Flipkart's $850 million offer

Tue, Jul 04, 2017

The deal between Snapdeal and Flipkart, if completed, would mark the biggest acquisition in the Indian e-commerce space.

Coal India betting big on renewables, says minister

Coal India betting big on renewables, says minister

Thu, Jun 29, 2017

State companies such as Coal India and NTPC Ltd, the country`s biggest thermal power producer, are planning to aggressively spend on solar projects under Prime Minister Narendra Modi`s personal push for renewable energy.

Snapdeal's sale to Flipkart witnesses delays on complex due diligence process, small investors concerns

Snapdeal's sale to Flipkart witnesses delays on complex due diligence process, small investors concerns

Mon, Jun 26, 2017

The sale of Snapdeal to Flipkart is witnessing delays on account of complex due diligence process and small investors asking greater clarity on its terms of sale. However, the sale is expected to be concluded by July this year.

Digital Payments: Paytm's biggest contender will be WhatsApp or Amazon?

Digital Payments: Paytm's biggest contender will be WhatsApp or Amazon?

Tue, Jun 13, 2017

WhatsApp with its integration with UPI and Amazon Pay could become the biggest contendors for Paytm in the digital payment space in India.

SoftBank firm acquires two of Alphabet Inc's robotics businesses

SoftBank firm acquires two of Alphabet Inc's robotics businesses

Fri, Jun 09, 2017

SoftBank shares rose by 7.9% on the announcement of this landmark deal that give thrust to its artificial intelligence portfolio.

SoftBank to let OneWeb-Intelsat merger collapse, sources claim

SoftBank to let OneWeb-Intelsat merger collapse, sources claim

Thu, Jun 01, 2017

The collapse of the merger represents a rare blow to SoftBank Chief Executive Officer Masayoshi Son, a prolific dealmaker who put together a complex transaction for debt-laden Intelsat that hinged on creditors accepting a discount for their bonds.

Softbank nominates India-born Rajeev Misra into board

Softbank nominates India-born Rajeev Misra into board

Sat, May 27, 2017

Softbank on Friday has announced nomination of India-born Rajeev Misra on its board of directors who is currently serving as chief executive officer of SoftBank Investment Advisers.

Softbank aims to close $100 billion fund for tech sector in 6 months

Softbank aims to close $100 billion fund for tech sector in 6 months

Sun, May 21, 2017

Japan's Softbank will invest $93 billion in Softbank Vision Fund that will be invested in the technology sector and it expects the total commitment in the company to reach $100 billion in six months.

Paytm receives $1.4 billion investment from SoftBank in latest funding round

Paytm receives $1.4 billion investment from SoftBank in latest funding round

Thu, May 18, 2017

Paytm plans to use the investment to grow its payments ecosystem in India and expand its user base.

Snapdeal-Flipkart deal may leave staff richer by Rs 193 crore

Snapdeal-Flipkart deal may leave staff richer by Rs 193 crore

Sun, May 14, 2017

If the deal of the Snapdeal's sale to Flipkart goes through it may offer Rs 193 crore bonanza to its staff wherein the founders will give half of their payout ($30 million) for the proposed scheme which would cover all current employees of Snapdeal.

Snapdeal Sale: E-Commerce company being sold at a 50% discount?

Snapdeal Sale: E-Commerce company being sold at a 50% discount?

Fri, May 12, 2017

Flipkart has made an informal offer to buy rival Snapdeal for $1 billion in an all-stock deal.

Snapdeal founders agree to $15 million each deal with SoftBank for sale to Flipkart

Snapdeal founders agree to $15 million each deal with SoftBank for sale to Flipkart

Thu, May 11, 2017

Snapdeal and one of its early investors, Nexus, have reached an agreement with SoftBank Group.

How Snapdeal's downfall is Paytm's gain with FreeCharge

How Snapdeal's downfall is Paytm's gain with FreeCharge

Thu, May 11, 2017

While there had been speculation earlier that Paytm was looking to buy Freecharge, this latest development puts all rumours to rest.

SoftBank writes off Rs 6,400 crore from its Snapdeal investment

SoftBank writes off Rs 6,400 crore from its Snapdeal investment

Wed, May 10, 2017

SoftBank said that it has written off over $1 billion (Rs 6400 crore) on valuation of its investment in Snapdeal.

Japan's SoftBank plans to increase stakes in India's e-commerce biz; looks to play consolidator in online shake-up

Japan's SoftBank plans to increase stakes in India's e-commerce biz; looks to play consolidator in online shake-up

Sun, May 07, 2017

Japan's SoftBank is seeking to secure a piece of India`s industry leaders in everything from payment systems to online shopping and groceries, in a series of deals that would shake up the $65 billion sector, cited the sources with direct knowledge of the matter.

Flipkart stands to gain from the alleged FreeCharge, MobiKwik merger

Flipkart stands to gain from the alleged FreeCharge, MobiKwik merger

Mon, Apr 24, 2017

Flipkart, which is advanced talks with Snapdeal's largest investor SoftBank for its acquisition, could stand to benefit from this deal the most.

Snapdeal employees may get salary increments of over 20% this year

Snapdeal employees may get salary increments of over 20% this year

Mon, Apr 10, 2017

What is bigger news for Snapdeal employees is that the letter mentioned that the overall increments this year will be higher than those offered last year.

Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through

Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through

Sun, Apr 09, 2017

Acquisition of start-ups have been followed up with layoffs over the last few years. Will Snapdeal's 2,500 employees suffer the same fate?

SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports

SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports

Wed, Apr 05, 2017

Such a move would allow SoftBank, which owns more than a 30 percent stake in Snapdeal, to consolidate its ownership position and put it in the driver`s seat to negotiate any deal.

Under pressure, Snapdeal woos staff with promises of profit

Under pressure, Snapdeal woos staff with promises of profit

Tue, Apr 04, 2017

Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.

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