Trends - SoftBank - Business Recorder

SoftBank

SoftBank’s Arm China profit drops 90pc in 2022

HONG KONG: Chip technology firm Arm China suffered a 90 percent drop in profit last year despite revenue rising more...

Updated 20 Feb, 2023 06:50am

Business & Finance

SoftBank Group reports $5.9bn Q3 loss on tech slump

TOKYO: Japan’s SoftBank Group on Tuesday reported a surprise $5.9 billion net loss in the third quarter, as a ...

Published 13 Feb, 2023 05:57am

Technology

SoftBank CEO Son lifts stake to own more than a third

SoftBank Group Corp’s billionaire chairman and chief executive officer, Masayoshi Son, has raised his stake in the...

Published 08 Dec, 2022 09:56am

Business & Finance

SoftBank posts Q2 net profit after Alibaba share sales

TOKYO: Japan’s SoftBank Group on Friday posted a net profit in the second quarter, with big gains from its recent...

Published 14 Nov, 2022 07:32am

Technology

India to press Apple, Samsung for faster 5G software upgrades in phones

NEW DELHI: India’s government will push Apple, Samsung and other mobile phone manufacturers to prioritise rolling...

Published 11 Oct, 2022 02:12pm

Technology

SoftBank looks to form a ‘strategic alliance’ between Arm and Samsung

TOKYO/SEOUL: SoftBank Group Corp founder and CEO Masayoshi Son said on Thursday he plans to meet with Samsung...

Published 22 Sep, 2022 12:02pm

Business & Finance

SoftBank's sale of chip group Arm scrapped over regulator challenges

TOKYO: Japan's SoftBank confirmed Tuesday the collapse of a $40 billion deal to sell chip business Arm to Nvidia...

Published 08 Feb, 2022 12:50pm

Markets

Crypto exchange FTX valued at $32bn as SoftBank invests

LONDON: Major cryptocurrency exchange FTX raised $400 million from investors including SoftBank at a valuation of ...

Published 31 Jan, 2022 08:30pm

Markets

Softbank-backed Brazilian crypto firm acquires Portuguese exchange

NEW YORK: Softbank-backed Brazilian company 2TM, which runs Latin America's largest cryptocurrency exchange Mercado...

Published 12 Jan, 2022 12:15pm

Business & Finance

Mobile payments firm Paytm kicks off India’s biggest IPO

MUMBAI: India’s biggest-ever initial public offering opened Monday with digital payments platform Paytm looking to...

Published 09 Nov, 2021 04:48am

Markets

Mobile payments firm Paytm kicks off India's biggest IPO

MUMBAI: India's biggest-ever initial public offering opens Monday with digital payments platform Paytm looking to...

Published 08 Nov, 2021 09:51am

Technology

SoftBank leads $93mn investment in NFT gaming firm the Sandbox

The Sandbox, a Hong Kong-based gaming platform that allows users to build a virtual world using non-fungible tokens...

Published 02 Nov, 2021 10:30am

Markets

FTSE 100 at 20-month highs

London: London's FTSE 100 rose for a third straight session on Tuesday, boosted by consumer goods company Reckitt...

Published 27 Oct, 2021 04:50am

Business & Finance

SoftBank-backed Oyo aims for up to $12bn valuation in India IPO

BENGALURU: SoftBank-backed Indian hotel aggregator Oyo Hotels is seeking a valuation of $10 billion to $12 billion, ...

Published 04 Oct, 2021 05:56am

Technology

SoftBank-backed Oyo to file for $1.2bn IPO next week

Oyo did not immediately respond to a request for comment

Published 23 Sep, 2021 11:13am

Business & Finance

SoftBank backs Steven Mnuchin's $2.5 bln private equity fund

In a statement to the FT, SoftBank confirmed it had invested in Mnuchin's private equity firm, but it was unclear how much the Japanese company had contributed to the fund

Published 22 Sep, 2021 11:04am

Technology

SoftBank leads $680 million funding round in NFT fantasy soccer game Sorare

Paris-based Sorare said the investment valued the company at $4.3 billion

Published 21 Sep, 2021 11:14am

Business & Finance

Deutsche Telekom seals three-way deal to further US shift

FRANKFURT: Deutsche Telekom agreed to sell its part-owned Dutch subsidiary and increase its control of the US...

Published 07 Sep, 2021 04:47pm

Business & Finance

Deutsche Telekom bulks up T-Mobile US stake as it sells Dutch unit

BERLIN: Deutsche Telekom struck a share-swap deal with Softbank to increase its stake in US unit T-Mobile and sold...

Published 07 Sep, 2021 11:04am

UK supermarket Morrisons backs US firm's takeover counter-bid

LONDON: British supermarket group Morrisons has accepted an improved £7.0-billion counter-bid from US private ...

Published 21 Aug, 2021 04:38am

Business & Finance

Microsoft invests $5mn in SoftBank-backed Oyo

The hotel aggregator, in which Japanese conglomerate SoftBank owns a 46% stake, endured months of layoffs, cost cuts and losses during the COVID-19 pandemic

Updated 20 Aug, 2021 06:12pm

Opinion

Ex-director seeks to stall $2bn Paytm IPO, company calls it harassment

Paytm’s $2.2 billion IPO is facing an unusual hurdle - a 71-year-old former director has urged India’s markets...

Published 13 Aug, 2021 04:44am

World

UK fintech bank Revolut worth $33bn after investment

LONDON: British fintech bank Revolut on Thursday said it was worth $33 billion, on a par with some of the UK’s...

Published 16 Jul, 2021 04:34am

Business & Finance

SoftBank leads new funding round in Gympass, valuing startup at $2.2bn

NEW YORK: Gympass, which makes gym memberships more accessible for corporate employees, has raised $220 million in a...

Published 12 Jul, 2021 05:26am

Opinion

Property, cash and Amazon: Why buyout firms are battling to buy UK’s Morrisons?

At least three private equity groups armed with foreign cash have lined up to do battle over Morrisons, a British...

Published 08 Jul, 2021 04:22am

Business & Finance

Britain's Morrisons agrees $8.7bn takeover by Fortress-led group

LONDON: Morrisons has agreed to a takeover led by SoftBank owned Fortress Investment Group that values Britain's...

Published 04 Jul, 2021 03:41am

Technology

SoftBank's PayPay surges ahead in Japan's digital payments race

The tap-to-pay system is not used by many small businesses, but is favoured by QR code detractors who complain apps like PayPay are fiddly.

Published 11 Jun, 2021 11:46am

Business & Finance

SoftBank beats Japanese record for annual net profit

TOKYO: Investment giant Softbank Group on Wednesday reported the best ever annual net profit for a Japanese company,...

Published 13 May, 2021 03:10am

Markets

Tokyo stocks move lower ahead of key earnings

Nissan plunged 9.73 percent to 522.3 yen after missing forecasts for a profit of 133 billion yen as it was hit by a global shortage of chips for its vehicles.

Published 12 May, 2021 11:14am

Business & Finance

E-commerce pioneer Wenzel launches ‘Amazon on steroids’

BERLIN: German entrepreneur Ralf Wenzel, formerly of Delivery Hero and Softbank , is launching a global rapid...

Updated 19 Apr, 2021 09:54am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 24 The Pakistan General Insurance Co. Ltd.(PKGI)	4.25 ▲ 0.39 (10.10%)
KASB Modaraba / Mar 24 KASB Modaraba(KASBM)	1.25 ▲ 0.11 (9.65%)
Khyber Tex. / Mar 24 Khyber Textile Mills Limited(KHYT)	297.60 ▲ 20.76 (7.50%)
Shield Corp. / Mar 24 Shield Corporation Limited(SCL)	244.99 ▲ 17.09 (7.50%)
Sapphire Fibres / Mar 24 Sapphire Fibres Limited(SFL)	1026.39 ▲ 71.60 (7.50%)
Tandlianwala Sugar / Mar 24 Tandlianwala Sugar Mills Limited(TSML)	83.72 ▲ 5.84 (7.50%)
Khairpur / Mar 24 Khairpur Sugar Mills Limited(KPUS)	57.38 ▲ 4.00 (7.49%)
Pakistan Services / Mar 24 Pakistan Services Limited(PSEL)	1277 ▲ 89.00 (7.49%)
Shahtaj Textile / Mar 24 Shahtaj Textile Limited(STJT)	84.22 ▲ 5.87 (7.49%)
Shakarganj / Mar 24 Shakarganj Limited(SML)	33.50 ▲ 2.33 (7.48%)

Stock	Price
Dewan Sugar / Mar 24 Dewan Sugar Mills Limited(DWSM)	2.22 ▼ -0.29 (-11.55%)
Pak Agro Pack. (GEM) / Mar 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.88 ▼ -1.00 (-11.26%)
HBL Invest Fund / Mar 24 HBL Investment Fund(HIFA)	1.55 ▼ -0.15 (-8.82%)
Kohat Textile / Mar 24 Kohat Textile Mills Limited(KOHTM)	10.55 ▼ -1.00 (-8.66%)
Colony Tex.Mills Ltd / Mar 24 Colony Textile Mills Limited(CTM)	2.41 ▼ -0.21 (-8.02%)
D.S. Ind. Ltd. / Mar 24 D.S. Industries Limited(DSIL)	2.22 ▼ -0.18 (-7.50%)
Gadoon Textile / Mar 24 Gadoon Textile Mills Limited(GADT)	193.33 ▼ -15.67 (-7.50%)
Philip Morris Pak. / Mar 24 Philip Morris (Pakistan) Limited(PMPK)	471.75 ▼ -38.25 (-7.50%)
Quetta Textile / Mar 24 Quetta Textile Mills Limited(QUET)	15.67 ▼ -1.27 (-7.50%)
Masood Textile / Mar 24 Masood Textile Mills Limited(MSOT)	41.42 ▼ -3.33 (-7.44%)

Stock	Volume
Fauji Cement / Mar 24 Fauji Cement Company Limited(FCCL)	17,487,500 ▼ -0.23
WorldCall Telecom / Mar 24 Worldcall Telecom Limited(WTL)	11,071,860 ▼ -0.02
Thatta Cement / Mar 24 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.16
Fauji Foods Ltd / Mar 24 Fauji Foods Limited(FFL)	7,792,084 ▼ -0.14
Ghani Glo Hol / Mar 24 Ghani Global Holdings Limited(GGL)	5,968,150 ▼ -0.59
Telecard Limited / Mar 24 Telecard Limited(TELE)	5,558,000 ▼ -0.52
Hascol Petrol / Mar 24 Hascol Petroleum Limited(HASCOL)	4,387,500 ▼ -0.11
Meezan Bank / Mar 24 Meezan Bank Limited(MEBL)	3,700,308 ▼ -0.27
Cnergyico PK / Mar 24 Cnergyico PK Limited(CNERGY)	3,587,106 ▼ -0.06
Maple Leaf Cement / Mar 24 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▼ -0.31

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.13
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.23
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 23	3948.72
Nasdaq / Mar 23	11787.40
Dow Jones / Mar 23	32105.25
India Sensex / Mar 24	57895.48
Tokyo Nikkei / Mar 24	27326.43
Hang Seng / Mar 24	19970.42
FTSE 100 / Mar 24	7408.41
Germany DAX 30 / Mar 24	15034.97
France CAC40 / Mar 24	7056.60

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.79
Gold Spot USD/Ounce / Mar 24	1989.92
Cotton US¢/pound / Mar 24	77.60

SoftBank

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