SoftBank Financial News

06.10 / 08:15

Waves SoftBank acquires Lenskart founder Peeyush Bansal acquires Rs 18 crore property in posh Delhi locality

Eyewear startup Lenskart’s founder Peeyush Bansal has bought a bungalow in Delhi for a consideration of Rs 18 crore. The 5,056 sq feet property is located in the posh Neeti Bagh area, as per documents by ‘CRE Matrix’, a real estate data analytics firm.

25.10 / 08:09

IPO Provident FIVE Manufacturing SoftBank electronic Kokusai Electric shares jump 28% in Tokyo debut

By Sam Nussey and Miho Uranaka

20.10 / 14:37

UPS BLOCK AXY Citigroup SoftBank stake SoftBank sells 1.09% in Zomato for Rs 1,040 crore; Goldman, ADIA buy stake

SoftBank, through its affiliate SVF Growth Singapore Pte, has sold a 1.09% stake in food delivery company Zomato through block deals on Friday. According to exchange data, the transaction was executed at 111.2 per share, which valued the deal at 1,040 crore. SoftBank holds a 2.17% stake in the company, at the end of the September 2023 quarter. Marquee funds, including Citigroup, Axis MF, Bandhan MF, ADIA, Fidelity, Goldman Sachs, Morgan Stanley, and Motilal Oswal among others bought stakes in the company through the deal. In August this year, SoftBank offloaded about 1.17% Zomato stake under a block deal, which was valued at Rs 947 crore.

20.10 / 04:33

UPS BLOCK SoftBank Invesco reports stake Zomato block deal: SoftBank reportedly sells 1.09% stake worth Rs 1,000 crore

SoftBank, through its affiliate SVF Growth Singapore Pte, is likely to have sold 1.09% equity in Zomato in a bulk deal worth Rs 1,040.5 crore on Friday. Shares of the new-age company were trading 1% higher at Rs 112.70 on BSE. SoftBank owned a 2.17% stake in the company at the end of the September quarter. In August this year, SoftBank had offloaded about 1.17% stake in Zomato via a block deal, which was valued at Rs 947 crore.

20.10 / 02:33

BLOCK SoftBank WhatsApp Experts reports Stocks in news: JSW Steel, Paytm, Hindustan Zinc, HUL, ITC, Zomato

JSW Steel, Paytm, Hindustan Zinc Shares of JSW Steel, Paytm, and Hindustan Zinc will be in focus as the companies will announce their second quarter results. Zomato Japanese tech giant SoftBank, through its affiliate SVF Growth Singapore Pte, is likely to sell 1.1% stake in food delivery company Zomato through block deals on Friday. Read more: Here's the trade setup for today's session HUL FMCG major Hindustan Unilever Ltd (HUL) has reported 4% growth in its standalone net profit at Rs 2,717 crore for the second quarter. The company's sales rose 4% year-on-year to Rs 15,027 crore. ITC ITC Ltd reported 10% growth in net profit for the quarter ended September to Rs 4,927 crore.

19.10 / 17:41

UPS Target SoftBank Experts 2020 stake Softbank to cut stake in Zomato, plans full exit

₹1,020 crore on 20 October, as the Japanese fund plans a full exit from the food delivery business. SoftBank’s stake sale decision in Zomato follows the latter’s dramatic rise in market price over the past year. According to exchanges, over the past one year, Deepinder Goyal-founded Zomato’s price has gone up by 80% to ₹111.65 from ₹62.05.

13.10 / 06:45

SoftBank WhatsApp reports 2024 China’s Didi Global plans Hong Kong listing in 2024: Report

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Days after its debut in New York, the Cyberspace Administration of China (CAC) had launched an investigation into Didi, citing a need to protect national security and the public interest. The company was fined $1.2 billion in July 2022 over data-security breaches and was banned by Chinese regulators from taking on new users and its app not available from mid-2021 until January 2023, the report said.

09.10 / 01:38

BLOCK Progressive SoftBank Healthcare KPI Department Stocks in news: Titan, RIL, Puravankara, Bank of Baroda, Biocon

Titan Titan Co has clocked 20% year-on-year growth in its revenues for the second quarter ended September 2023. A total of 81 stores were added in this period, taking the group’s retail presence to 2,859 stores. PB Fintech Japanese tech giant SoftBank has offloaded partial stake in PB Fintech through block deals on Friday.

06.10 / 17:03

BLOCK Digital Platform Citigroup SoftBank show stake SoftBank offloads 2.5% stake in PB Fintech for Rs 871 crore

SoftBank on Friday offloaded a 2.5% stake in Policybazaar's parent firm PB Fintech through open market transactions for Rs 871 crore. SoftBank through its affiliates — SVF India Holdings (Cayman) Ltd and SVF Python II (Cayman) Ltd — sold the shares of the company.

06.10 / 14:17

UPS Platform SoftBank NIFTY reports SoftBank sells another 11.4 million shares of PB Fintech

₹762.8 apiece. Financial services firm Societe Generale bought 0.58% or 2.6 million shares in the company at the same price. Before the sale, SoftBank held a 4.39% stake in PB Fintech through its entity SVF Python II (Cayman) Ltd.

06.10 / 14:17

Manufacturing Strategy SoftBank country testing New Shein Executive Aims to Expand Supply Chain Outside China

Fast-fashion giant Shein is expected to announce Friday new leadership overseeing its global growth initiatives as the company seeks to diversify its supply chain beyond China. Marcelo Claure, a former SoftBank Group executive, will serve as group vice chairman, a New York-based role that involves expanding manufacturing beyond China to be closer to Shein consumers, he said. “We’re not saying that we’re replacing China," Claure said.

06.10 / 06:04

Lowe's BLOCK Platform SoftBank Experts information stake Japan’s SoftBank Group likely sells 2.5% stake in PB Fintech via block deal

PB Fintech which operates the online platform Policybazaar witnessed a block deal in the pre-opening session where Japan’s SoftBank Group is likely to have sold over 1.14 crore shares (2.5% equity) at Rs 762.80 per equity share taking the deal size at Rs 871.21 crore. The information was updated on the NSE though it did not reveal the buyer and seller. The stock fell 0.75% to the day's low of Rs 761.20 on the NSE.

05.10 / 18:47

UPS BLOCK Platform SoftBank reports SoftBank likely to sell shares worth up to $105 million in PB Fintech - report

BENGALURU (Reuters) — SoftBank (TYO:9984) Group is likely to sell shares worth up to $105 million in India's PB Fintech via block deals, CNBC-TV18 reported on Thursday, citing sources.

05.10 / 15:23

Digital NASDAQ Manufacturing CEO SoftBank SoftBank's Masayoshi Son says AI will surpass human intelligence in a decade

Softbank CEO Masayoshi Son on Wednesday said he believes artificial intelligence (AI) will surpass human intelligence within a decade, urging Japanese companies to adopt it or be left behind. Son, speaking at a corporate conference in Tokyo, said «artificial general intelligence will surpass the total intelligence of humankind by 10 times in 10 years.»

05.10 / 15:23

UPS BLOCK SoftBank reports SoftBank likely to sell shares worth up to $105 million in PB Fintech: report

SoftBank Group is likely to sell shares worth up to $105 million in India's PB Fintech via a block deal, CNBC-TV18 reported on Thursday, citing sources.

05.10 / 13:59

IPO FIVE SoftBank Fitch reports travelers Oyo talking to Apollo for $660 million refinance as IPO delayed

Oyo Hotels is in talks with Apollo Global Management to refinance a $660 million loan as the once-high-flying startup seeks more time to cut debt following a delay in its initial public offering, according to people with knowledge of the matter. Oravel Stays Pvt, as Oyo’s parent company is known, is seeking to extend maturity to five years compared with the existing 2026 deadline, one of the people said, asking not to be named as the negotiations are private. A decision could be reached as early as next month, another person said. The discussions with Apollo come after the Softbank Group Corp.-backed firm reported its first ever annual profit, and Fitch Ratings sees earnings improving as travel recovers.

04.10 / 16:35

UPS Aware CEO SoftBank Matrix Experts Lenskart’s Peyush Bansal buys south Delhi property for Rs 18 crore

Peyush Bansal, co-founder and CEO of eyewear retailer Lenskart, has purchased a property in Delhi’s Neeti Bagh for Rs 18 crore, two people aware of the transaction said. Bansal has acquired the basement and ground floor of the 813-square-yard property and paid Rs 1.08 crore in stamp duty and corporation taxes, as per documents accessed through the data analytics firm CRE Matrix. Last year, Neha Bansal, co-founder of Lenskart and Peyush’s sister, purchased a 400-square-yard bungalow in Delhi’s Greater Kailash for Rs 22 crore. “A South Delhi based builder bought the other three floors along with the terrace for about Rs 35 crore in two separate transactions. He will probably redevelop the property and sell the floors individually.

04.10 / 11:41

Google Merit Racing SoftBank show gatherings SoftBank’s Son Says Artificial General Intelligence Will Soon Surpass Humans

TOKYO—SoftBank Group’s chief executive officer, Masayoshi Son, said artificial general intelligence is so powerful that within a decade it will surpass all human knowledge. “Take advantage of it or be left behind," Son said to a crowd gathered for the technology investment company’s annual SoftBank World event.

04.10 / 04:25

Digital Progressive CEO SoftBank SoftBank CEO Masayoshi Son says artificial general intelligence will come within 10 years

SoftBank CEO Masayoshi Son said he believes artificial general intelligence (AGI), artificial intelligence that surpasses human intelligence in almost all areas, will be realised within 10 years. Speaking at the SoftBank World corporate conference, Son said he believes AGI will be ten times more intelligent than the sum total of all human intelligence. He noted the rapid progress in generative AI that he said has already exceeded human intelligence in certain areas.

03.10 / 23:21

Blockchain Provident Binance Digital economy SoftBank country Dirham-Inspired DRAM Stablecoin Listed on Uniswap, PancakeSwap

Swiss-based blockchain firm Distributed Technologies Resources (DTR) has announced the launch of a Dirham-backed stablecoin, DRAM. The token launched today, October 3, 2023.

02.10 / 03:59

Provident Digital Tether economy SoftBank country Backed Former SoftBank executive Akshay Naheta’s DeFi startup DTR launches UAE dirham-backed stablecoin

DTR), a 10-month-old decentralised finance startup founded by former SoftBank top executive Akshay Naheta, on Monday announced the launch of its UAE dirham-backed stablecoin, DRAM. In an interaction with ET, Naheta said that the aim of issuing a dirham-backed stablecoin was to establish a foothold in the $130 billion market, which is currently dominated by US dollar-backed stablecoins.

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