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SoftBank may hire Norwest's Sumer Juneja as India head

Wednesday, November 21, 2018, 6:28 PM

SoftBank is reportedly planning to appoint venture capitalist Sumer Juneja as its India head, around three years after searching for an executive to lead its investments in the country. Juneja currently serves as an executive for American investment firm Norwest Venture Partners. He is expected to join SoftBank in the coming months, as per reports.
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Uber posts $1 billion loss as growth in bookings slows

Thursday, November 15, 2018, 7:22 AM

Uber Technologies Inc said that growth in bookings for its ride-hailing and delivery services rose 6% in the latest-quarter, third-quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. Uber is seeking to expand in freight hauling, food delivery and electric bikes and scooters as growth in its now decade-old ride-hailing business dwindles.
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SoftBank profit beats estimates amid questions over IPO, Saudis

Monday, November 5, 2018, 12:38 PM

SoftBank Group Corp. founder Masayoshi Son is starting to reap the benefits of his enormous technology investments. SoftBank reported second-quarter profit that far exceeded the highest analyst estimate largely because of multi-billion dollar gains on a handful of his many deals. Operating profit rose to 706 billion yen in three-months ended September, compared with 373 billion yen average of analysts' estimates compiled by Bloomberg.

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