A group of investors of Japanese mobile giant SoftBank has sought probe and possible sacking of its India-born COO Nikesh Arora over potential conflicts of interest tied to his role as an adviser to a private equity firm.
Betting on India emerging bigger than China, Japan's SoftBank today said it has invested USD 2 billion in Indian firms in the last one year and will look to scale up the investment to USD 10 billion in the coming year.
SB Energy (formerly known as SBG Cleantech), a three-way joint venture between SoftBank Group Corp, Bharti Enterprises and Foxconn Technology Group, won the NTPC bid to develop a 350 MW solar plant in Andhra Pradesh.
Doing business in India is not easy but the growing pace of innovation and the government bringing in policies to foster the "startup culture" are making it a phenomenal time to be an entrepreneur, Softbank Vice President Nik
Snapdeal has raised $500 million in a new round led by Alibaba Group, Foxconn and Japanese telecom and Internet giant SoftBank. Existing investors Temasek, BlackRock, Myriad and Premji Invest also participated in this round.