Section: Business

SoftBank’s Masayoshi Son chases boyhood dreams with $100 billion fund

Published on By prameya news7 (author)

When Masayoshi Son was a boy growing up on Japan’s southern island of Kyushu, he kept a notebook to scribble down new inventions he hoped to create one day. Today, the SoftBank founder has almost $100 billion to invest on making the next big thing a reality. Son’s SoftBank Group Corp. closed the first round of a planned $100 billion investment fund, with money raised from Saudi Arabia, Abu Dhabi, as well as Apple Inc. and Qualcomm Inc. The Vision Fund gives the 59-year-old access to a pool of capital unparalleled in the worlds of private equity or venture capital — the equivalent of four Silver Lakes or 15 Sequoia Capitals.

Adani Enterprises defers investment decision on Australian coal project

Published on By prameya news7 (author)

India's Adani Enterprises on Monday deferred a final investment decision on its long-delayed Australian Carmichael coal project as the Queensland state government has yet to sign off on a royalty deal for the mine.

Elon Musk hints at delay in Tesla's India plans due to local sourcing norms

Published on By prameya news7 (author)

India’s local sourcing norms could stand in the way of Silicon Valley electric carmaker Tesla’s entry into the country which founder Elon Musk had earlier hinted could happen as early as ‘this summer’.

Registration of projects: A double-edged sword under RERA

Published on By prameya news7 (author)

The second chapter of the Real Estate (Regulation and Development) Act (Act), that focuses on registration of a project and agents can greatly determine its future or backfire. It could be a double-edged sword.

Ford replaces CEO Mark Fields in push to transform business

Published on By prameya news7 (author)

Ford Motor Co. is replacing CEO Mark Fields amid questions about its current performance and future strategy, according to a person familiar with the situation.

Rupee gains 15 paise against dollar in early trade

Published on By prameya news7 (author)

The rupee strengthened by 15 paise to 64.49 per dollar in early trade on selling of the U.S. dollar by banks and exporters.

Digital India: Suresh Prabhu inaugurates Wi-Fi facility at 28 stations on Konkan Railway

Published on By prameya news7 (author)

Railway Minister Suresh Prabhu today inaugurated free Wi-Fi facility at 28 railway stations on Konkan Railway. He also inaugurated improved passenger amenities and facilities at Kudal and Chiplun stations.

'India must produce high-end steel as it may make 27% of world's cars soon'

Published on By prameya news7 (author)

India should produce more automotive high-end steel as the country is likely to manufacture 27 per cent of total cars in the world in days to come, Steel Minister Chaudhary Birender Singh has said.

Govt should think about taxing rich farmers, says Jalan

Published on By prameya news7 (author)

Former RBI Governor Bimal Jalan today favoured taxing rich farmers earning above a certain threshold, without hurting the interests of those with small farms.

Israel Aerospace Industries Bags $630 Million Missile Deal For Indian Navy

Published on By prameya news7 (author)

State-owned Israel Aerospace Industries said today that it has won an additional, $630 million contract to supply air and defence missile systems for four ships of the Indian navy.