SoftBank pays $1.6 bln for Yahoo Japan rights
The Hindu
Verizon is offloading its media businesses including Yahoo and AOL to private equity firm Apollo Global after struggling to compete with internet giants in a $5 billion deal set to close in the second half of this year.
SoftBank's internet business Z Holdings Corp said on Monday it has agreed to pay Verizon Communications Inc 178.5 billion yen ($1.61 billion) to secure the rights to Yahoo branding and technology in perpetuity in Japan. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) In contrast to the retreat of Yahoo in the United States, the brand remains a core part of SoftBank's domestic internet business where the name adorns a web portal and services like shopping and weather.
Reliance Infrastructure Ltd reports increased net loss in December quarter, despite rise in total income.
Volvo Trucks introduces India's first Road Train solution, optimizing logistics efficiency with increased cargo capacity and government certification.
BSNL returns to profitability after 17 years, marking a significant turning point with growth in services and subscriber base.
DPIIT reviews 21 issues in Gujarat and Rajasthan infrastructure projects, emphasizing inter-ministerial and State coordination for resolution.
Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board supersession.
Taiwan's top tech official emphasizes the need for global semiconductor industry division of labor, not monopolization.
Cupid Ltd reports increased profits, appoints new Chairman, and expands market presence with new products and manufacturing facility.
Lok Sabha committee, led by BJP's Baijayant Jay Panda, to examine Income-Tax Bill 2025 with 31 MPs.
SEBI rejects Gaekwad's plea for competing open offer, solidifying Burman Group's acquisition bid for Religare Enterprises.
Mahindra & Mahindra's electric SUVs XEV 9e and BE 6 receive 30,179 bookings worth ₹8,472 crore on opening day.
Maxivision Group acquires Ojas Eye Hospitals in Mumbai to expand operations in Maharashtra with Rs.500 crore investment.
Markets tumble as Sensex and Nifty decline, with investors wary of foreign fund outflows and muted earnings.
Johnson & Johnson introduces TECNIS PureSee IOL for presbyopia in India, offering high-quality vision and reduced visual symptoms.