Fund is set to earn a profit thanks to a recovery driven by artificial intelligence that is increasing startup valuations.
After suffering losses of 6.9 trillion ($48 billion) over the course of the previous two fiscal years at the Vision Fund investment subsidiary, the Japanese conglomerate is battling to restore its footing. According to the average of expert expectations, analysts anticipate a minor profit at the fund for the three months ending in June, while SoftBank as a whole is anticipated to disclose a profit of around 73 billion on Tuesday. Whether SoftBank founder Masayoshi Son will now be able to go on the offensive and hunt for new deals hinges on the initial public offering of Arm Ltd. His chip designer is seeking to raise as much as $10 billion in a market debut as soon as September, at a valuation of between $60 billion and $70 billion. At the high end of its fundraising target, Arm would be the largest tech debut on record after Alibaba Group Holding Ltd. and Meta Platforms Inc.
This story is from the August 08, 2023 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 08, 2023 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
DELHI-NCR ENFORCES GRAP STAGE-3
It is a \"Serious issue\" that is affecting the school-going students as there has been an increase in the cases of cold and cough. - Dr Sahab Ram, Pediatrician
Delhi pollution plea in SC on Monday
The Supreme Court on Thursday agreed to urgently list on November 18, a plea seeking enforcement of measures to check pollution in the national capital after it was told that Delhi should not become the most polluted city in the world.
Online Classes for schools up to class 5: CM Atishi
Due to rising pollution levels, all primary schools in Delhi will be shifting to online classes, until further directions
Defamation suit: Delhi High Court issues summons to users who 'edited' ANI's Wikipedia page
The Delhi High Court in the case Wikimedia Foundation v. ANI & Ors observed and has issued summons to three individuals who allegedly edited the Wikipedia page of news agency Asian News International, ANI.
Calcutta High Court imposes 1,500 limit on attendees at BJP's rally in Howrah, expresses concerns over 'narrow stretch' of road
The Calcutta High Court in the case Arun Uday Paul Chowdhury-Vs-The State of West Bengal & Ors observed and has allowed a rally by the Bharatiya Janata Party in Kolkata's Howrah area, after permission had been refused by the police authorities.
DELHI HIGH COURT REJECTS INDERPAL GABA'S CHALLENGE TO NIA ARREST AND REMAND OVER PROTEST AT INDIAN HIGH COMMISSION IN LONDON
The Delhi High Court in the case Inder Pal Singh Gaba vs. National Investigation Agency observed and has rejected the petition of Inder Pal Singh Gaba, allegedly involved in the protest at the High Commission of India, London, United Kingdom, challenging his arrest by the National Investigation Agency, NIA and seeks for the release of him from custody.
Allocation of cases: Supreme Court notifies new subject-wise roster with effect from November 11
The Supreme Court of India has published a new roster of work, which is effective from November 11, 2024, after Justice Sanjiv Khanna became the Chief Justice of India, CJI.
Supreme Court: Right to shelter a facet of Article 21; state must satisfy why entire property needs to be demolished
The Supreme Court in the case In Re: Directions in the matter of Demolition of Structures and Ors laid down pan-India guidelines through its judgment in the 'bulldozer matter'.
Supreme Court: Compassionate appointment is not a vested right
The Supreme Court in the case Tinku v State of Haryana observed and has held that compassionate appointment is not a vested right which can be granted without any kind of scrutiny or undertaking a process of selection.
K'TAKA TO SET UP SIT TO PROBE COVID SCAM
Dalla is accused of multiple charges including murder, extortion, terror financing, targeted killings, and cross-border smuggling of drugs and weapons.
