Ola, a ride-sharing company, said on Monday that it planned to invest 2.4 billion rupees to establish an electronic scooter factory in Tamil Nadu, adding that it would be the largest in the world. The SoftBank-backed company aims to make India an electric vehicle manufacturing hub. Ola has signed a …
Read More »
Investor demand for Reliance Industries Ltd’s retail business is so strong that Carlyle Group Inc and SoftBank Group Corp are among those placed on a waiting list, according to people familiar with the matter. Carlyle and SoftBank have recently expressed interest in investing in Mukesh Ambani’s Reliance Retail Ventures Ltd, …
Read More »
SoftBank Group Corp. is exploring the possibility of assembling a pool of bidders for TikTok’s assets in India and has been actively seeking local partners, according to people familiar with the matter. Over the past month, the Japanese conglomerate, which owns a stake in TikTok’s Chinese parent ByteDance Ltd., has …
Read More »