Kolkata: Bharti Group-backed OneWeb is raising $550 million (Rs 4,103 crore approx) by selling a 24% stake to French satellite operator, Eutelsat Communications, bringing its total funding to $1.9 billion, and helping it inch closer to launching a first-generation satellite fleet, totalling 648 satellites next year. Eutelsat, a geo-stationary satellite operator, will be a significant … Read more
Japan’s SoftBank Group said Monday it is selling British chip designer Arm to US chip company NVIDIA for up to $40 billion, potentially creating a new giant in the industry. If approved, the deal will be one of the largest acquisitions anywhere in the world this year, and will propel NVIDIA to the forefront of … Read more
By Michael J. de la Merced and Don Clark SoftBank is near a deal to sell the British chip designer Arm to Nvidia, two people briefed on the matter said Saturday, which would raise billions for the Japanese technology investor and create a powerhouse in the semiconductor industry. The two sides are close to an … Read more
MUMBAI: SoftBank group’s SB Energy, the Indian unit for green energy business, is raising up to $600 million in overseas green bonds being launched Wednesday. This is the first ever offshore bond sale by an Indian private company since the pandemic began. Bonds will likely mature in five years, with the company using the proceeds … Read more