SoftBank eyes WeWork rescue valuation below $8 billion
The bank has been sharing its proposal with about 100 investors as it tries to line up support for what would be one of the riskiest debt offerings in recent years, people with knowledge of the matter said earlier this week.
Oracle co-CEO Mark Hurd passes away
Hurd, who was 62 years old, made his name as a strong-willed leader who helped revive the fortunes of two companies, including Hewlett Packard, where he was CEO last decade.
Global economic risks reinforce need to strengthen multilateral global co-operation, besides govt initiatives: Sitharaman
She stated that in pursuing investment-led growth, one should not neglect sustainability, efficiency and transparency in debt and tax policies. She said IMF should provide solutions that are specific to important growth geographies.
We will be back to the growth rate we deserve in near future, says CEA Subramanian
There are some short term blips but in the long run, the fundamentals remain strong.
Oracle co-CEO Mark Hurd wanted India data centre, it arrived
Three years back, late CEO Mark Vincent Hurd's wish to open a data centre and fulfill India's data compliance & regulatory requirements has finally happened when Oracle opened its Gen 2 Mumbai data centre this month.
SoftBank plans $5 billion rescue financing for WeWork
The fund will come directly from SoftBank and not from the company’s Vision Fund. Masayoshi Son was instrumental in ousting WeWork’s controversial co-founder Adam Neumann, but is convinced the once high-flying startup can be turned around.
Oracle co-CEO Mark Hurd dies at 62
Oracle Corp co-Chief Executive Officer Mark Hurd, 62, went on medical leave last month, with Catz and founder Larry Ellison taking over his responsibilities during his absence. The company did not provide any further details at the time.
WeWork’s mad dash for cash rages as JPMorgan peddles risky debt
JPMorgan is sharing its proposal, an unusually risky $5 billion debt package that is WeWork’s preferred option, with about 100 investors.
SoftBank seeks control of WeWork through financing package: Source
Reuters had reported that SoftBank was in negotiations to make a $1 billion investment to enable WeWork to go through a major restructuring.
PMC crisis: Farhan Akhtar expresses disappointment in a cryptic tweet, wants culprits to 'rot in jail'
In the last four days, four people have lost their lives due to the stress.
We will continue to partner with friends to confront any emerging threats: Army chief
The Army Chief General Bipin Rawat, speaking at an event, reiterated India's commitment to peace and stability in the neighbourhood, as well as Indian Army's intent to partner with friends to "confront any kind of emerging threats."
We are now gradually becoming an export oriented defence industry: Bipin Rawat
Army Chief General Bipin Rawat along with Chief of Naval Staff Admiral Karambir Singh attended the launch of ‘Indigenous Defence Equipment E...
Fundamentals remain unchanged, we'll be back to growth rate we deserve: CEA Subramanian
Global agencies have cut down India's GDP forecast by 80- 90 bps citing weaker than expected outlook for domestic demand, ET NOW's Ruchi Bha...
We wanted to create unique solution: Mohit Yadav, Co-founder, Freewill
Freewill’s machines, equipment, and tech tools are not from the beauty sector; they have been borrowed from other industries.
Gold's Gym co-founder decodes fitness trends for 2020: HIIT will be big, wearable tech to get a boost
Stress and health is also a connection that people and fitness centres will focus on in the new year.
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