SoftBank

Japanese conglomerate SoftBank Group Corp (SBG) on Wednesday recognised losses of $1.4 billion in 2016-17 from its India investments -- Snapdeal and Ola. "SBG recorded loss from financial instruments of 160,419 million Japanese Yen ($1.4 billion) in its consolidated financial...

Japan's SoftBank is believed to have moved a step closer to securing the consent of co- investor Nexus Venture Partners (NVP) for selling Snapdeal to India's largest e-commerce firm Flipkart. A meeting was held on Wednesday and the impasse over...

Japanese firm SoftBank could not manage a crucial nod from co-investor Nexus Venture Partners (NVP) for the sale of Snapdeal, possibly to Flipkart. According to a PTI report: The board meeting of Snapdeal, where SoftBank and Nexus have representatives, did...

Commerce and Industry Minister Nirmala Sitharaman has said corporate downsizing and retrenchment in the country's e-commerce industry were not unique phenomena happening in India but were occurring globally. The minister's comments came a day after major layoffs were announced by...

E-commerce major Snapdeal on Wednesday reported that its founders have agreed to take a 100 per cent pay cut, even as the firm initiated a process to rationalise a part of its workforce to make the company profitable in...

Fund raising in the Indian e-commerce sector declined 50 per cent in the April-June quarter over the same period of last fiscal, investment bank and securities firm Jefferies Group said. "Private funding in the Indian e-commerce sector has declined 50...

Online marketplace Snapdeal, one of SoftBank's biggest bets in India, registered a slower growth in its gross sales for the year ended March 2016 as it fought rivals Amazon and Flipkart in a fierce battle for supremacy of the...

Snapdeal, the online marketplace, is in the final stages of acquiring online real-estate firm Housing.com. The talks for the deal were on since December and the deal could be finalised for $50-$100 million. According to the people familiar to the...

Due to a slowdown in fundraising environment and competition in Indian online hotel aggregation space, the budget hotel room aggregator, OYO Rooms has lowered its sights. Last November, it had set to raise $400 million but now it is...