Tag Archives: billion

Son’s SoftBank poised to return to profit

By Pavel AlpeyevAfter reporting record losings in May and cautioning the coronavirus eruption could be as devastating as the Great Depression, SoftBank Group Corp. benefactor Masayoshi Son is already positioned to declare a recovery.When it announces results next week, the Tokyo-based company is projected to report operating income of more than$ 1 Read more

After a $20 billion Jio frenzy, Ambani seeks money for retail

By P R SanjaiAfter raising more than $ 20 billion for his digital project in 3 month, billionaire Mukesh Ambani is readying his retail gang for global partners, as his oil-to-petrochemicals conglomerate turns to India’s billion-plus shoppers for growth.Asia’s richest man and the chairman of Reliance Industries Ltd. told stockholders Read more