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Team BT
November 13, 2019



BusinessToday.In
New Delhi, November 8, 2019
Moody's lowers India's outlook to 'negative'; economy's fundamentals robust, says govtAfter 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 Narendr...


Reuters
Tokyo, November 8, 2019
The slower IPO approach is likely to increase SoftBank Group's reliance on its telecoms unit SoftBank Corp, according to analysts. The business accounted for nearly a third of the conglomerate's operating income in the last financial year


Manu Kaushik
November 7, 2019
Experts believe that hotel operators are likely to increase room tariffs so that the outgo for customers remains in the same range as before the GST rate cuts


Reuters
November 6, 2019
Last month, SoftBank was forced to spend more than $10 billion to bail out WeWork after the U.S. company's IPO attempt flopped


Reuters
TOKYO, November 6, 2019
The scale of the loss shows the risks in SoftBank's strategy of splashing out big on cash-burning startups. It has also cast a pall on his efforts to raise a second massive fund


Reuters
LONDON, November 5, 2019
Masayoshi Son wants to keep borrowing below one-quarter of the value of SoftBank's assets, which include stakes in e-commerce group Alibaba, two telecom operators, chipmaker Arm and a chunk of the $100 billion Vision Fund


Reuters
TOKYO, November 5, 2019
The telco maintained its full year operating profit forecast at 890 billion yen.


Reuters
October 25, 2019
By October, with the IPO abandoned and WeWork bleeding cash, co-founder Adam Neumann found himself late on a Sunday evening pleading with his company's largest lender for a $5 billion lifeline


Reuters
Bengaluru, October 25, 2019
The SoftBank-Oyo partnership, Oyo Hotels Japan, opened hotels in over 50 Japanese cities, including Tokyo, Osaka and Kyoto


Reuters
October 23, 2019
The rescue financing marks a dramatic fall from grace for Neumann, who as recently as last month was preparing to take WeWork public as chief executive after attaining a $47 billion valuation for it in January


BusinessToday.In
October 15, 2019
The buzz is that the investors include Ant Financial, one of Paytm's earliest backers, and Softbank Group Corp, which had pumped in $1.4 billion last year, the largest fund infusion by a single investor in a desi start-up


Manu Kaushik
October 14, 2019
The rooms-aggregator-turned-hotel-chain OYO, in a press statement, said that a significant part of the funds will be diverted towards continuing growth in OYO's fastest-growing US market, in addition to strengthening the start-up's position in the vacation rentals business in Europe.


PTI
October 10, 2019
WeWork India has 26 operational coworking centres with 46,000 seating capacity. It has 9 centres in Bengaluru, 10 in Mumbai, 6 in Gurugram and one in Pune


BusinessToday.In
October 7, 2019
Catch top stories today from the world of business and economy with BusinessToday.In end of day (EOD) report


BusinessToday.In
New Delhi, October 7, 2019
As part of its Series F funding round, RA Hospitality Holdings will infuse around $700 million as primary capital in the company, while existing investors SoftBank Group, Lightspeed Venture Partners, Sequoia India will invest the remaining $800 million


BusinessToday.In
October 7, 2019
Paytm plans to remain private until it builds on its business and takes it to the next level, said Paytm founder and CEO Vijay Shekar Sharma.


Reuters
Benagluru, October 7, 2019
Oyo charges hotels a roughly 20% franchise fee on room revenues when hotels join its network, but some Indian hotel operators say the startup often ends up taking half or more of revenues through fees that were not initially disclosed.


Reuters
September 25, 2019
SoftBank managed to muster enough opposition to Neumann in a meeting of We Company's seven-member board on Tuesday to convince him to step down.


Reuters
September 23, 2019
The rare showdown between SoftBank and one of its biggest investments comes after We Company postponed its initial public offering (IPO) last week, following pushback from perspective investors.


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