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Posts Tagged ‘ Nikesh Arora ’

SoftBank will continue to back Ola, Snapdeal, says top exec Alok Sama

Thursday, October 20, 2016 | More »

Alok-Sama_7
Japanese telecom and internet major SoftBank Corp will strongly back its investee firms Ola and Snapdeal as they take on global goliaths Uber Technologies Inc and Amazon.com Inc in a battle for larger market share and supremacy, according to a top SoftBank executive. Over the last two years, SoftBan...

Masayoshi-Son

Did Snapdeal, Ola, Grofers and Oyo just get a blank cheque from SoftBank?

The $100 billion-tech fund that SoftBank has just launched with Saudi Arabia’s sovereign fund Public Investment Fund (PIF) is good news for half a dozen Indian consumer internet companies including Snapdeal, Ola, Grofers, Housing, Hike and InMobi. Some of these firms are facing huge fund crunch as...

14 October, 2016 | More »

Nikesh Arora

SoftBank’s Nikesh Arora says quit as didn’t want to be CEO-in-waiting

Nikesh Arora, who is stepping down as president and chief operating officer of SoftBank Group Corp, said on Tuesday he is leaving because he didn’t want to wait a long time for chairman and CEO Masayoshi Son to let him take charge of the Japanese telecommunications and Internet company. “Didn...

21 June, 2016 | More »

Nikesh Arora

Nikesh Arora resigns from SoftBank

SoftBank Group Corp said on Tuesday president and chief operating officer Nikesh Arora has decided to resign from the company, in a sudden end to the India-born executive’s tenure at the Japanese telecom and Internet conglomerate. The development comes a day after SoftBank gave Arora, who was tipp...

21 June, 2016 | More »

Nikesh Arora

SoftBank internal review gives clean chit to Nikesh Arora

Japanese Internet and telecom conglomerate SoftBank Group Corp has given its president and chief operating officer Nikesh Arora a clean chit on allegations raised by unknown investors represented by a New York law firm after a panel of its independent directors reviewed those complaints. “As I sai...

20 June, 2016 | More »

Nikesh Arora

Nikesh Arora’s India deals that SoftBank investors are seeking probe into

A group of SoftBank shareholders has demanded an internal probe into the actions of company president and COO Nikesh Arora for alleged conflict of interest and poor business decisions and has also asked for his “possible dismissal”. Among the deals highlighted by stakeholders are some of...

22 April, 2016 | More »

Nikesh Arora

Unnamed stakeholders allege “wrongdoing” on part of SoftBank COO Nikesh Arora; Co defends him

A group of unnamed stakeholders in the Japanese multinational SoftBank Group Corp has made serious allegations against its president and COO Nikesh Arora in a letter sent to the bank through a US-based law firm. Mounting a scathing attack on Arora, one of the high profile professionals globally and ...

21 April, 2016 | More »

Nikesh Arora

E-tailers must review the deep discounting model: Softbank’s Arora

Indian e-commerce players need to think how long they can continue with their “deep discounting models” and instead these startups should focus on better customer experience and satisfaction to excel and survive, SoftBank President Nikesh Arora said. The Chief Operating Officer of the Ja...

18 January, 2016 | More »

Nikesh Arora

Worried about how some startups are scaling: SoftBank’s Arora

Nikesh Arora seems to be concerned that some of SoftBank’s investee firms in India are overspending as they scale up. Arora, the Japanese internet conglomerate’s president and chief operating officer, wants early-stage companies to be prudent in their marketing spend. “We invest in industry le...

14 October, 2015 | More »

Softbank president Nikesh Arora

Nikesh Arora to invest $482M in SoftBank

Nikesh Arora, president and COO of SoftBank Group Corp (SoftBank), said on Wednesday that he would make a personal bet on the Japanese telecom and internet giant by investing JPY 60 billion ($482.2 million or Rs 3,147 crore) to buy shares of the company over the next six months. Based on the current...

19 August, 2015 | More »

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