After WeWork gaffe, Softbank's Son becomes cautious about other IPOs : Bulletin: Business Today
Business Today

After WeWork gaffe, Softbank's Son becomes cautious about other IPOs

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November 8, 2019

Moody's lowers India's outlook to 'negative'; economy's fundamentals robust, says govt
After Moody's Investors Service Friday changed its outlook on India's ratings to "negative" from "stable" over the country's economic slowdown, the government said it had undertaken series of reforms to strengthen the economy as a whole and that these measures would lead to a positive outlook on India. Incidentally, Moody's change in its India outlook coincides with the Prime Minister Narendra Modi-led NDA government's controversial demonetisation initiative on November 8, 2016.

After WeWork gaffe, Softbank's Son takes cautious approach to Uber, Slack IPOs
Fresh from the WeWork debacle, SoftBank CEO Masayoshi Son says he now aims to be more cautious about the timings of IPOs, a shift that could squeeze the Japanese company's funding and increase its reliance on its lower-growth telecom business. Son said SoftBank Group's $100 billion (GBP 77.8 billion) Vision Fund would now look to see companies list when they were closer to achieving profitability.

Nandan Nilekani bats for digital disruption; says companies must adapt to new technologies to thrive
Digital disruption will change industries in unimaginable ways. That is also a big opportunity for Indian IT services companies. For nearly every big and small IT exporter, digital revenues have become a key metric to watch. On Wednesday, Nandan Nilekani, Chairman of Infosys, briefed analysts on some of these areas impacting the company and its customers - how digital disruption and new technologies will change enterprises, and how Infosys is preparing for this changed world. He was speaking at an analyst meet in Bangalore.   

Indian Railways jobs: 2.4 crore candidates apply for 1.2 lakh vacancies
The Indian Railways has concluded, what it has termed, the largest recruitment exercise in the world. A total of approximately 2.4 crore applicants applied for 1.2 lakh vacancies, the Ministry of Railways has announced. There were two recruitment notifications that accounted for the 1.2 lakh jobs - 64,371 posts for Assistant Loco Pilots (ALP) and Technicians, and 63,202 posts for Level-I or Group D jobs.

Real estate projects involved in fraud won't get anything from Rs 25,000 crore fund
Government has clarified that housing projects involved in fraud or diversion of funds may not be considered for the real estate distress fund. This is meant to avoid any misappropriation or cornering of funds by builders. Real estate sector breathed easy after a long time as Finance Minister Nirmala Sitharaman announced a bailout fund worth Rs 25,000 crore on Wednesday.

BSNL VRS package: Over 22,000 employees opt for voluntary retirement within 2 days
More than 22,000 employees of Bharat Sanchar Nigam Ltd (BSNL) have opted for its VRS plan, within two days of the state-owned corporation announcing the scheme, a senior official said on Thursday. In all, nearly one lakh BSNL employees are eligible for the VRS out of its total staff strength of 1.50 lakh. The scheme that was rolled out on November 5 will be open till December 3.
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