Banks shift bets from G-secs to state and corporate bonds

Banks are preferring instruments with higher premium over government securities for their held-till-maturity (HTM) portfolio, following the new investment norms, which came into effect from April......

SoftBank's Indian nightmare: Rs 9000 cr loss

Japanese conglomerate SoftBank Group on Wednesday said it has recorded loss from investments to the tune of USD 1.4 billion, or over Rs 9,000 crore, for 2016-17 in Indian startups like......

SoftBank writes off Rs 3226 cr in Ola, Snapdeal

The news of markdowns in the value of Ola and Snapdeal comes at a time when both companies are in talks with investors to raise fresh funds to take on deep-pocketed competition. Japanese investor......

SoftBank marks down Ola, Snapdeal by $550 million

Around half the value of the mark-downs is due to the Japanese currency's appreciation against other currencies. Japanese investor SoftBank has marked down the value of two of its largest Indian......