Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
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06/09/20264 min read
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SoftBank posts profit in Q4 as global bets offset headwinds from Indian companies
International TaxationStock Market
Despite facing headwinds and valuation markdowns in its Indian portfolio companies, including Oyo, Swiggy, and Ola Electric, the global investment conglomerate SoftBank reported overall annual profits for the fiscal year 2024. These positive results demonstrate the effectiveness of SoftBank's diversified risk management approach across its vast global technology investments. However, the challenges encountered in the Indian market serve as a signal of caution regarding the prevailing valuation climate for startups within the Indian ecosystem.
