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BusinessToday.In
New Delhi, November 15, 2018
Ashok Chawla resigns as non-executive chairman of Yes BankFormer bureaucrat Ashok Chawla resigned as non-executive chairman of Yes Bank on Wednesday, the private sector bank said. According to sources, Mr Chawla offered to quit as controversy was being generated on his continuance on the board of directors following his name appearing in a CBI charge-sheet in the Aircel-Maxis case. IT dept looking into 80,000 cases where returns not filed after demonetisationThe Income Tax Department is ...


Reuters
November 15, 2018
But broader economic conditions and sustained losses could push Uber to merge with rivals in India and the Middle East, particularly as Uber and India-based Ola share an investor in SoftBank Group Corp.


BusinessToday.In
New Delhi, November 6, 2018
OYO had raised $800 million in a round led by SoftBank Vision Fund, along with an additional commitment of $200 million, at a valuation of around $5 billion.


BusinessToday.In
New Delhi, October 31, 2018
In October last year, Ola had raised USD 1.1 billion in fresh funds at a valuation of USD 3.4-4 billion from China's Tencent Holding Ltd and Japan's SoftBank Group Corp.


Goutam Das
New Delhi, September 25, 2018
The Flipkart group has the horizontal e-commerce platform, of course, but also owns the fashion platforms, Myntra and Jabong


BusinessToday.In
New Delhi, September 18, 2018
Ola's latest round of funding from the two Chinese investment firms comes when the company is eyeing expansion across India and abroad.


BusinessToday.In
July 23, 2018
Just two months back, SoftBank pumped in $1.4 billion into Paytm - the largest fund infusion by a single investor in a homegrown start-up.


BusinessToday.in
New Delhi, July 10, 2018
China agrees to cut tariffs on Indian cancer drugsChina said on Monday it had reached an agreement with India to reduce tariffs and increase imports of Indian medicines, particularly anti-cancer drugs. The decision was part of its efforts to broaden trade relations amid its on-going spat with the United States. Both India and China slashed import tariffs of a range of products starting July 1, following the fourth round of negotiations under the Asia Pacific Trade Agreement (APT...


BusinessToday.In
June 26, 2018
The stock closed at 1208 level, higher by 32.50 points on the BSE. It rose up to 9.5% in early trade, hitting an intra day high of 1288.35 level on the BSE.


BusinessToday.in
New Delhi, June 15, 2018
Indian-American Dhivya Suryadevara was named the CFO of General Motors. She became the first woman CFO in the auto industry. Suryadevara is currently vice president, Corporate Finance. Watch BusinessToday.In to know more about Dhivya who began her career at PricewaterhouseCoopers.


Reuters
June 15, 2018
The company is expected to make the investment through a fund backed by Saudi Arabia's government, NHK said. Saudi Arabia is the largest investor in SoftBank's Vision Fund, which raised over $93 billion last year.


Anilesh S. Mahajan
New Delhi, June 11, 2018
Indian solar equipment makers are being squeezed out of the market by global players.


BusinessToday.In
June 4, 2018
Rajeev Misra is currently at the helm of SoftBank Investment Advisers as CEO, leading its $100 billion SoftBank Vision Fund.


Reuters
New Delhi, May 12, 2018
Minority investors holding 60 percent of Flipkart's shares \"acting together, may require Flipkart to effect an initial public offering\" (IPO) four years after the close of the Walmart-Flipkart transaction, the Arkansas-based retailer said in a regulatory filing.


BusinessToday.in
New Delhi, May 10, 2018
Walmart Inc announced acquisition of 77% stake in Flipkart for about $16 billion in the largest e-commerce deal which will give the US retailer access to the Indian online market. This market is estimated to grow to $200 billion within a decade. It is the biggest M&A deal in India this year. Watch BusinessToday.In Editor Rajeev Dubey break the deal down for you.


Goutam Das
New Delhi, May 9, 2018
The Walmart deal is a sign things are changing. Flipkart's Japanese investor SoftBank has exited selling 20 per cent of its stake. Co-founder Sachin Bansal has exited as well. The 23 per cent remaining stake in Flipkart will now be held by co-founder Binny Bansal, Tencent Holdings Limited, Tiger Global Management LLC and Microsoft Corp.


PTI
May 9, 2018



PTI
May 9, 2018



Rajeev Dubey
New Delhi, May 10, 2018
Walmart CEO Doug McMillon has said that the Flipkart-Walmart deal will create around 10 million jobs in India. This includes both direct and indirect jobs.


BusinessToday.In
New Delhi, May 9, 2018
Flipkart is expected to sell 70-75 per cent stake to the Bentonville-based retail major but the final contours of the deal will be announced today evening. Bansal, who's also the executive chairman of Flipkart, will step down from its board after the final deal is through.


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