Sunday, November 24

Tag: Japan

After China, OYO launched its service in Japan
9Oct By Gauri SinghNo Comments
News

After China, OYO launched its service in Japan

The budget hospitality chain OYO has been expanding to various countries for a long time. After China, Australia and many other countries, the company is now foraying into Japan which is the world’s third-largest economy. The Gurugram-based hotel chain lately raised $800 million in its latest round of funding that was led by SoftBank’s Vision Fund, following which, the valuation of the company reached $5 billion. The move also comes less than a year after the hospitality company entered China in December last year, a geography that it has identified as a core market, alongside India. According to the sources, Japan could also be the company’s next major market, after India and China. The step to enter Japan has also been driven by the expected growth in the country’s hospitality s...
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China Replaced by Japan as World’s Second Biggest Stock Market
3Aug By AnkitaNo Comments
Market

China Replaced by Japan as World’s Second Biggest Stock Market

As per the latest report, World's second-biggest economy China lost its second position as the world's second-biggest stock market by Japan. The latest market figure shows the total Chinese stock market worth USD 6.09 trillion, compared with USD 6.17 trillion in Japan. The US stock market is leading in the world with the total worth of $31 trillion. The Chinese economy suffering from the latest trade war with the US and slowing economy. In late 2014, China overtook the second position from Japan then soared to an all-time high of more than $10 trillion in June 2015. Chinese stock market Shanghai Stock Exchange slum 16% in this year and Industrial and tech stocks have been among the worst performers.
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Largest Cryptocurrency Hack Ever, Over $500M Worth of Cryptocurrency Hacked
27Jan By RishabhNo Comments
News

Largest Cryptocurrency Hack Ever, Over $500M Worth of Cryptocurrency Hacked

Coincheck, a Japanese cryptocurrency wallet and exchange service, confirmed in a release that over $500 million worth of digital cryptocurrency, NEM tokens has been stolen, in the world's biggest crypto hack. As per the reports by Bloomberg, which attended the conference in Tokyo, Chuo Ward, Shingo Katsukutani, Coincheck Inc said that the coins were sent "illicitly" outside the venue. Co-founder Yusuke Otsuka said the company didn’t know how the 500 million tokens went missing, and the firm is working to ensure the safety of all client assets. Otsuka said that they know where the coins were sent and if they continue the tracing, it may be possible to recover them. This hack is the largest in terms of worth stolen since the digital cryptocurrency, Bitcoin was launched in 2009. Wha...
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Apple Hit With Trademark Lawsuit Over iPhone X “Animoji” Feature
21Oct By reutersNo Comments
USA

Apple Hit With Trademark Lawsuit Over iPhone X “Animoji” Feature

A Japanese software company is suing Apple Inc in a U.S. court over the trademark for the term “animoji”, alleging the U.S. technology company stole the name to use on a feature of its iPhone X. Tokyo-based Emonster kk sued Apple on Wednesday in federal court in San Francisco, saying it holds the U.S. trademark on the term animoji and that Apple’s use of the word is a “textbook case” of deliberate infringement. An Apple spokesman declined to comment. Apple’s animoji feature allow users to animate the facial expressions of emojis using facial recognition technology. It will be included on the iPhone X which is scheduled for release in November. Phil Schiller, Apple’s chief marketing officer, touted the animoji feature during the iPhone X launch event on Sept. 12, calling it a “g...
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SoftBank To ‘Outperform’ And Its Shares Could Rally 36% Soon: Report
20Oct By AnkitaNo Comments
ANALYSIS, BUSINESS

SoftBank To ‘Outperform’ And Its Shares Could Rally 36% Soon: Report

Chris Lane thinks investors haven't realised what Masayoshi Son is trying to do at SoftBank Group Corp. The Sanford C. Bernstein analyst just initiated coverage of the Japanese company with an “outperform” rating and a forecast that shares could rally 36% over the next year. Investors still see SoftBank as primarily a telecommunications company, he says, even though its core business is investing in technology. There are similarities to Berkshire Hathaway Inc., the US company led by Warren Buffett, he explains. While Berkshire uses cash from its insurance business to invest in railroads, ice cream shops and Coca-Cola, SoftBank taps cash from its telecoms operations to back startups in ride-hailing, artificial intelligence, e-commerce and robots. Yet SoftBank trades at a discount of m...
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Indian Government in Talks With SoftBank For Funding 2 Lakh e-Buses
27May By Press Trust of IndiaNo Comments
News

Indian Government in Talks With SoftBank For Funding 2 Lakh e-Buses

To promote electric vehicles on a mass scale, the government is holding initial talks with Japanese investment firm SoftBank for low interest funding of 2 lakh electric buses for public transport, Union Minister Nitin Gadkari said here today. India wants to cut down on a ballooning Rs 7 lakh crore crude import bill, the minister said, adding electric buses and vehicles along with ethanol and other green fuel could be the solution. "Promoting electric vehicles is priority of our government. We want electric buses, autorickshaws and other vehicles to ply in the country. We are engaged in initial talks with SoftBank for loans at low interest rate for a green project. We want to introduce 2 lakh electric buses for public transport," Road Transport and Highways Minister Gadkari said. ...
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27Jun By reutersNo Comments
News

Messaging App Line Delayed IPO Launch

Japanese messaging app firm Line Corp has delayed setting a tentative price range for its initial public offering (IPO) by one day, until Tuesday, the company said in a regulatory filing, citing the "market environment". The IPO price range was originally scheduled to be announced on Monday. Line still plans to list in New York on July 14 and in Tokyo the following day, the filing showed. On Friday, the S&P 500 fell 3.6 percent, its biggest one-day drop in 10 months, and Japan's broad Topix index slid 7 percent after Britain voted to exit the European Union. The equity market in Japan recovered somewhat on Monday as the Topix closed up 1.8 percent, but the delay will allow the company to assess the market in New York and London on Monday before setting the tentative price range, a...
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Relocate Your Manufacturing Base to India: Amitabh Kant Tells Japan
15Feb By Press Trust of IndiaNo Comments
INDIA

Relocate Your Manufacturing Base to India: Amitabh Kant Tells Japan

MUMBAI: Japanese companies should relocate their manufacturing base to India as this is the "only way" to strengthen bilateral partnership between the two countries, DIPP Secretary Amitabh Kant said today. "You (Japanese companies) have to relocate your manufacturing base into India... This is the only way you can strengthen Japan's and Indian partnership for the future," the Department of Industrial Policy and Promotion Secretary said at the Make in India Week. At a special session in the presence of Prime Minister Shinzo Abe's advisor, Kant said Japan is an advanced nation and it is too expensive to do manufacturing there. "You've to capture India and you've to capture the world and the only way you can do it is if you manufacture here," Kant, the CEO-designate of government thi...
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First Store Chain in Japan to Use China’s Online Payment Solution Alipay
19Jan By AnkitaNo Comments
BUSINESS

First Store Chain in Japan to Use China’s Online Payment Solution Alipay

Japanese department store chain Kintetsu announced on Monday that it will introduce China's online payment solution Alipay in four of its department stores in Osaka so as to attract more Chinese tourists. According to Kintetsu, it would be the first department store chain in Japan to use Alipay, though the well-known Chinese online payment solution has already been used by the discount chain store Don Quijote and the consumer electronics retailer Yamada Denki in Japan since last year. "Alipay is a payment platform with over 400 million users in China. Chinese customers will be able to use the Alipay app on their cellphones to pay for the commodities they have bought in our department stores, which will be very convenient for them." said Aki Shokyoku, foreign business dire...
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Global economy depends on more than India in 2016
20Dec By AnkitaNo Comments
Story

Global economy depends on more than India in 2016

By Peter Thal Larsen and Robyn Mak (Reuters)- India will not rescue the global economy in 2016. The subcontinent’s expanding GDP is one of next year’s few economic bright spots. But Indian output is still too small. Any negative shocks from the sluggish United States and decelerating China will reverberate more widely. India is finally emerging from China’s shadow in the global growth stakes. Helped by a controversial overhaul of its GDP statistics, the Indian economy probably expanded by 7.5 percent in 2015 and is set to swell by a further 7.8 percent in 2016. Contrast that with the People’s Republic, which is struggling to maintain the near-7 percent pace promised by its leaders. The prospect of sustained rapid growth has drawn the attention of prominent central bankers. India’s ec...
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Japan’s SoftBank bags first solar power project in India
19Dec By NitishNo Comments
News

Japan’s SoftBank bags first solar power project in India

NEW DELHI--(BUSINESS WIRE)-- SB Energy, (formerly known as SBG Cleantech), a three-way joint venture between Japan-headquartered telecommunications and Internet major SoftBank Group Corp. (“SoftBank”), leading Indian business conglomerate Bharti Enterprises Limited (“Bharti”) and Taiwan-based top design and manufacturing services provider Foxconn Technology Group (“Foxconn”), won the NTPC bid to develop a 350MW solar plant under the Phase-II, Batch-II, Tranche-I of National Solar Mission at a 25-year tariff of Rs. 4.63/ kWh. The project is to be developed in the Ghani Sakunala Solar Park, Kurnool District in the state of Andhra Pradesh. This is SoftBank’s first step towards realising its $ 20 billion commitment to promote clean and safe energy in India. This solar project, under the flag...
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