NAVNEET GOVIL

Actor Arun Govil, who played the role of Lord Ram in the popular TV serial Ramayan, Dalit rights activist Chandrashekhar Azad and erstwhile royal Yaduveer Krishnadatta Chamaraja Wadiyar are among the 280 first-term members of the Lok Sabha. Former c...

Election Result Full Winner List 2024: The BJP faces unexpected losses in Uttar Pradesh, Haryana, and Rajasthan, with the NDA coalition projected to secure around 290 seats. The BJP alone falls short of a majority, leading in only 191 seats despite ...

Paytm Share Price: Shares of One 97 Communications, parent company of Paytm, rallied 4% to Rs 420 after Paytm and Paytm Payments Bank agreed to discontinue inter-company agreements. Meanwhile, SoftBank Group sold 2.2% stake amid regulatory uncertain...

The Japanese investment firm cumulatively sold 1,37,84,787 shares in Paytm parent through the open market during the said period.

Shinjini Kumar, a former Bank of America and PricewaterhouseCoopers (PwC) executive, resigned from the payments bank’s board in December, we have learnt. Manju Agarwal, former deputy managing director at State Bank of India, has also quit.

The Vision Fund unit made just 29 new and follow-on investments in all of 2023 out of more than 300 companies it studied. The October-to-December quarter was the unit's most miserly since 2017, with SoftBank saying the funds made $100 million in new...

SoftBank has been offloading Paytm shares regularly since at least November 2022 through last month, according to a Bloomberg analysis of company filings. The Japanese investor’s stake in Paytm was around 5% as of January, compared with a roughly 18...

The banking regulator will meet industry bodies and other intermediaries next week to chart a course for migration of merchants and customers from Paytm. This and more in today’s ETtech Morning Dispatch.

SoftBank swung into profits for the first time in five quarters with a net profit of over $6 billion for the three months ended December, aided by a stock rally in listed firms from Vision Fund I. The investor made a full exit from Zomato and Policy...

Japanese investor SoftBank has sold stakes worth $1.8-1.9 billion during the public offerings and through post-listing sales in four Indian startups — Paytm, Zomato, PB Fintech and Delhivery — that went public in 2021 and 2022. It had invested a tot...

FirstCry will be the second Indian vertical e-commerce platform to go public after Nykaa’s IPO in 2021. The Pune-headquartered company specialises in selling products for kids and mothers across online and offline formats.

Byju’s on Tuesday said it has consolidated four verticals into two, K-10 and exam preparation, as part of moves to restructure its mainstay business.

SoftBank decided to take Arm public after a deal to sell the company to Nvidia Corp for $40 billion collapsed last year amid objections from US and European antitrust regulators.

SoftBank, which held 29% in the company, is believed to have diluted its stake by about 1.5-2% as part of the secondary share sale.

Pai is expected to invest around Rs 250 crore in the ecommerce firm as part of a broader secondary share sale at FirstCry at a valuation of close to $3 billion, sources said.

SoftBank's Vision Fund swung to a profit after six straight quarters of losses and said it will begin investing after a prolonged period of inactivity even as the Japanese group logged $3 billion in net loss.

Byju's quest to settle the $1.2 billion TLB feud might come at a steeper price. The embattled edtech firm might have to pony up an additional $50-60 million to service the increased interest rate it has offered to conclude the revised terms for the ...

SoftBank on Tuesday reported a surprise net loss of over $3 billion in the first quarter, hit by the double whammy of a drop in share prices of major holdings as well as a weaker yen.

Vision Fund 2 still has $6.5 billion to spend on fresh investments, said Navneet Govil, executive managing partner at SoftBank Global Advisers, in an interview after SoftBank released its earnings report for the December quarter.