SoftBank Group Corp. swung to its biggest quarterly profit in two years on a series of successful Indian listings, giving its founder Masayoshi Son more ammunition for his next bet.
The Tokyo-based company earned a net income of ¥1.18 trillion ($7.7 billion) in the September quarter, compared with a net loss of ¥931 billion last year. Analysts projected on average a net income of about ¥295 billion for the period. The Vision Fund reported a gain of ¥373 billion, which was also bolstered by a lift in the values of companies like Didi Global Inc. and Coupang Inc.
Bu hikaye Mint Mumbai dergisinin November 13, 2024 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin November 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
World Bank calls for reforming skills training in India
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COP29's $1.3 tn fund plan disappoints Global South
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Jaguar rebrand is pink, diverse and doesn't feature any cars
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Services up as manufacturing slows in Nov
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Europe boosts Indian textile exports in FY25
Demand for Indian handloom, apparel partly fuelled by Bangladesh crisis
RBI nudges banks to cut speculative bet in rupee
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