It appears that SoftBank, a Japanese conglomerate and technology investor, is planning to sell small stakes in Paytm and Zomato in the open market. The objective behind this move is to capitalize on the recent rally in the stocks and book profits. SoftBank had initially purchased shares in Paytm at around Rs 830-840 per share …
According to a report by Reuters, SoftBank Group Corp is planning a new round of layoffs at its Vision Fund investment arm as part of its ongoing cost-cutting measures. The layoffs, which could be announced within the next two weeks, are expected to affect up to 30% of the unit’s staff, including employees in the …
Accenture, a leading global professional services company, has announced plans to invest $3 billion in artificial intelligence (AI) initiatives. The investment aims to accelerate clients’ digital transformation and help them reinvent their operations. The investment will be spread over a period of time, although specific details regarding the timeline are not provided. The focus of …
Byju’s, a prominent edtech company, is preparing for a critical week as it faces impending calls from lenders amidst escalating tensions. The exact nature of these tensions is not specified in your query, so I will provide a general response. Lenders typically play a crucial role in providing financial support to companies like Byju’s. If …
In an effort to combat the growing problem of fake reviews, Amazon has implemented an artificial intelligence (AI) system to detect and remove fraudulent product reviews on its platform. This move comes as part of Amazon’s ongoing commitment to maintaining the integrity of its customer reviews and providing reliable information to shoppers. This report delves …