Indian ride-hailing firm Ola Electric plans to start producing electric cars in India in 2024 with a range of up to 500 km, Chief Executive Bhavish Aggarwal said on Monday. Ola's electric car with the most advanced features would go from 0 to 100 km per hour in four seconds, he said.
The following bids, mergers, acquisitions. ** Turquoise Hill Resources Ltd (TRQ) rejected an offer by majority shareholder Rio Tinto Ltd (RTNTF), to buy the 49% stake it doesn't already own for $2.7 billion, as it did not reflect the Canadian company's full and fair value.
Japan's Nikkei share average jumped on Monday to its highest in more than seven months, supported by Wall Street's gains at the end of last week, and as upbeat corporate earnings lifted risk appetite and prompted investors to scoop up beaten-down stocks.
Japanese shares rose on Monday, catching the tailwind from a bounce on Wall Street, as upbeat corporate earnings lifted risk appetite and prompted investors to scoop up stocks. The Nikkei jumped 0.99% to 28,830.90 by the midday break.
SoftBank Group Corp's (SFTBF) decision to sell down its Alibaba Group Holding (BABA) stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech. Son was formerly one of the sector's biggest cheerleaders and Alibaba (BABA) is his most famous bet, immensely profitable and for his fans, symbolic of his foresight and investing acumen.
SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through five segments: Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Latin America Funds. The company offers…
SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through five segments: Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Latin America Funds. The company offers mobile communications, broadband, and fixed-line communications services; and sells mobile devices. It is also involved in the internet advertising marketing, online advertising distribution, and e-book distribution services; planning and operation of fashion e-commerce website; mail-order sale of stationery and services; and design and development of mobile robots. In addition, the company designs microprocessor intellectual property and related technology; sells software tools; and generates, supplies, and sells electricity from renewable energy sources, as well as offers related services. Further, it provides alternative investment management, smartphone payment, PC software downloads, and banking services, as well as solutions and services for online businesses; distributes video, voice, and data content; manufactures, distributes, and sells IT-related products, as well as IT-related services; and manages funds. Additionally, the company operates a professional baseball team; and ITmedia, an IT information site, as well as manages and maintains baseball stadium and other sports facilities. It also plans and operates ZOZOTOWN, ZOZO, and ZOZOBASE websites. The company was formerly known as SoftBank Corp. and changed its name to SoftBank Group Corp. in July 2015. SoftBank Group Corp. was incorporated in 1981 and is headquartered in Tokyo, Japan.
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