On March 24, 2017 08:33 (IST)
After burning through millions of dollars over three years in a battle for market share with local rival Ola, backed by Japan's Softbank, Uber has cut the incentives it gives to drivers and raised the fares it charges passengers.
On March 23, 2017 18:01 (IST)
"Snapdeal has been desperately looking to raise money in China for the last few months," said a source with direct knowledge of Snapdeal's plans.
On March 20, 2017 18:12 (IST)
Kabir has for many years been closely involved in managing Softbank's investment in Alibaba in China, the source said.
On March 08, 2017 17:10 (IST)
SoftBank, run by founder Masayoshi Son, bought ARM, Britain's most valuable technology company, for $32 billion last year.
On March 08, 2017 16:42 (IST)
Flipkart's latest fundraising comes amid intensifying competition in the e-commerce space from the likes of US internet giant Amazon.com Inc and domestic rival Snapdeal, which is backed by Japan's Softbank Group.
On February 27, 2017 22:23 (IST)
Delivering a keynote address at the Mobile World Congress here, Son said he expects one computer chip to have the equivalent of 10,000 IQ within this period.
On February 23, 2017 17:05 (IST)
A media report had earlier said the Japanese firm was looking to pick up a stake in a Vodafone-Idea merged company, citing four unidentified people aware of developments.
On February 22, 2017 23:17 (IST)
In an e-mail to employees, Mr Bahl conceded that over the last 2-3 years, with all the capital coming into this market, the company and the entire industry "started making mistakes".
On February 22, 2017 12:35 (IST)
According to sources, the company started the process last week and will lay off 500-600 people across Snapdeal, Vulcan (logistics) and Freecharge (digital payments business).
On February 20, 2017 12:10 (IST)
SoftBank is expected to approach T-Mobile parent Deutsche Telekom AG for negotiations when an ongoing auction of airwaves ends in April and a ban on talks between rivals is lifted, people familiar with the matter told Reuters.
On February 18, 2017 12:01 (IST)
SoftBank has not yet approached Deutsche Telekom to discuss any deal because the US Federal Communications Commission has imposed strict anti-collusion rules that ban discussions between rivals during an ongoing auction of airwaves.
On February 09, 2017 12:46 (IST)
The new set of numbers are lower than the loss recorded by SoftBank in November last year.
On January 11, 2017 16:34 (IST)
As Snapdeal's Chief Strategy and Investment Officer, Kothari will work alongside co-founders, Kunal Bahl and Rohit Bansal, in this key leadership role, Snapdeal said in a statement.
On January 10, 2017 13:28 (IST)
Dhruv Agarwala, co-founder and CEO of PropTiger, will serve as CEO of the joint entity. Jason Kothari, CEO of Housing.com, has decided to move on to pursue other opportunities in the Indian internet space, the statement said.
On January 10, 2017 13:00 (IST)
Housing.com's current CEO, Jason Kothari, will leave the company after the deal, while PropTiger co-founder and CEO Dhruv Agarwala will head the joint entity, the companies said.
On January 05, 2017 09:22 (IST)
SoftBank has said it is investing at least $25 billion in the fund and has been in talks with Saudi Arabia's Public Investment Fund for an investment that could be as much as $45 billion.
On December 28, 2016 17:48 (IST)
Apart from the Tata-Mistry battle, the year 2016 would be remembered for high profile exits of RBI Governor Raghuram Rajan, and SoftBank president and COO Nikesh Arora.
On December 20, 2016 12:06 (IST)
The two companies announced late Monday that OneWeb had obtained pledges of $1.2 billion from SoftBank and other investors.