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.
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.
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’.
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 Motor Co. is replacing CEO Mark Fields amid questions about its current performance and future strategy, according to a person familiar with the situation.
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.
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 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.
Former RBI Governor Bimal Jalan today favoured taxing rich farmers earning above a certain threshold, without hurting the interests of those with small farms.
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.