RAKUTEN GROUP
Tejas Networks shares rally 5% after strategic tie-up with Rakuten Symphony
Tejas Networks shares: According to a joint statement issued on Wednesday, the partnership is focused on creating integrated Open RAN (Radio Access Network) solutions and working together on go-to-market strategies both in India and internationally.
Russian watchdog blocks Viber messaging app
Russia's communications watchdog Roskomnadzor in a statement said the block was related to a violation of rules concerning the prevention of terrorism, extremism, and drug dealing.
Rakuten Group aims to integrate bank, fintech units
The finances of the parent, centred on ecommerce platform Rakuten Ichiba, have suffered since its 2020 launch of a mobile carrier that led to 14 straight quarters of operating losses.
Japanese ecommerce major Rakuten issues $1.8 billion of dollar-denominated 3-year senior notes
The fundraising will allow Rakuten to fully buy back its 10.25% senior notes and 3.546% senior notes due in 2024, which have a combined principal outstanding of $1.75 billion.
Electric mobility startup Baaz Bikes raises $8 million led by Big Capital
The funds will be deployed to strengthen and optimize product offerings, with a core emphasis on enhancing safety and promoting scalability within the Gig Economy.
Rakuten Group signs pact with OpenAI to develop services
Rakuten said on Wednesday the companies will collaborate on the use of OpenAI apps in Rakuten's products and services.
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Russia fines Wikipedia owner for failing to delete Azov battalion content - Ifax
A Russian court on Tuesday fined the Wikimedia Foundation, which owns Wikipedia, 3 million roubles ($36,854) for refusing to delete an article on Ukraine's Azov battalion, the Interfax news agency reported. Wikimedia did not immediately respond to a Reuters request for comment.
Japanese ecommerce firm Rakuten set to raise $2.18 billion through share issue
Japanese e-commerce and fintech conglomerate Rakuten Group Inc will raise up to 294.2 billion yen ($2.18 billion) by issuing new shares, it said on Wednesday as it works to offset the financial impact of losses at its mobile business.
Japan's Nikkei drops on profit-booking, US debt impasse
Japan's Nikkei share index fell for a second day due to risks stemming from the US debt ceiling and profit-taking after recent gains, as no major breakthrough was achieved. Shiseido Co was the major decliner after seeing a 20% surge since mid-March. The broader Topix was also down. However, Toyota Motor Corp has rebounded after a flash crash. Meanwhile, Japanese manufacturers have turned optimistic for the first time this year; analysts predict that the Nikkei will end the year at 30,000, near the psychological key level.
Embattled Japanese fintech firm Rakuten announces $2.5 billion share issue to bolster finances
Japanese e-commerce and fintech firm Rakuten Group Inc said on Tuesday it aimed to raise up to 332 billion yen ($2.46 billion) by issuing new shares on the market as well as to founder and CEO Hiroshi Mikitani.
Japan's Rakuten plans to raise around $2.2 billion via new share issue: report
The public offering is expected to raise roughly 300 billion yen ($2.2 billion) but the amount could change depending on Rakuten's share price, which will influence the pricing of its new equity issuance.
Japan's Nikkei hits two-week top amid jump in energy, chip shares
The Nikkei share average ended 0.7% higher at 27,311.30, after reaching a high of 27,399.19, a level not seen since Sept. 21.The benchmark faded in the final minutes of trading, after spending most of the afternoon preserving the strong gains from the morning.
E-commerce giant Rakuten opens its biggest office in India, Bengaluru base flaunts eco-friendly design
The new facility has a 2,000-strong staff with space to accommodate over 1,000.
Rakuten enters B2B space in India, launches SaaS product SixthSense
SixthSense, which will be available on a subscription model, will help provide end-to-end visibility of the entire IT environment, from development to business operations, says Rakuten India CEO Sunil Gopinath.
Japan's Nikkei ends at near 6-month high on bargain hunting for cheap stocks
"Foreign investors, who had paid little attention to Japanese stocks, have realised how cheap they are," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
Nikkei ends higher on upbeat earnings; virus worries linger
The tech-heavy Nikkei share average ended the day 0.52% higher, outpacing a 0.39% advance in the broader Topix , as technology shares tracked a firm finish on Wall Street.
Nomura’s prime brokerage pullback deals blow to global goals
Japan’s biggest brokerage will stop offering cash prime-brokerage services in the US and Europe, and has given some clients about six months to find a new provider, according to people familiar with the matter, who asked not to be identified discussing the private information. A spokesman for Nomura declined to comment. The pullback comes after Nomura notched up some of the biggest losses from the implosion of the US. family office built by Bill Hwang.
India's ICT industry capable of developing 5G hardware, software architecture, says Rakuten
Rakuten is expanding its research and development (R&D) footprint in India by doubling its workforce in Bangalore.
OpenRAN can open doors to new 5G world: Rakuten CTO
OpenRAN enables hardware and software to be disaggregated, unlike conventional radio gears, allowing technology products from different suppliers to co-exist with various software providers.
Walmart sells majority stake in Japanese Seiyu supermarket
KKR & Co., a global investment firm, will purchase a 65% stake, while Japanese online retailer Rakuten will acquire a 20% stake from Walmart, they said in a statement.
Tech Mahindra sells Altiostar stake to Rakuten for $45 mn
India's fifth-largest IT services provider, Tech Mahindra, has sold its entire stake in US-based Altiostar Networks to Rakuten for $45 million, making the Japanese company a majority shareholder in the virtualised radio access network (RAN) technology firm.
Tech Mahindra to be preferred partner for Japan's Rakuten Communications Platform
Through the agreement, Tech Mahindra will also provide managed IT, security and network services to Rakuten Mobile in Japan, and there are also plans to designate Tech Mahindra as an official reseller of RCP.
Dollar on defensive as market awaits Fed decision, euro edges up
The Fed is due to make its rate announcement at 1800 GMT on Wednesday.
Here are the big winners hitching a ride on Lyft's IPO plan
Lyft’s filing revealed some startling numbers for the startup. The company lost $991 million last year even as its revenues surged.
Tech Mahindra and Rakuten set up 5G Lab in Tokyo
The 'Rakuten Cloud Innovation Laboratory' is a fully automated testing facility that aims to foster innovation across mobile network.
Dollar hits 16-month high, yen boosted by risk-off sentiment
Shares on Wall Street tumbled on Monday with falls led by technology stocks.
Tech Mahindra, Rakuten partner for building 5G, 4G labs in India, Japan
Tech Mahindra and Japanese telecom firm Rakuten Mobile Network on Monday said they have entered into an agreement to set up 5G and 4G network labs in Tokyo and Bengaluru.
Japanese internet firm Rakuten to double its tech headcount in India
The India arm serves as a research and development centre for the Japanese company and is crucial to several of its strategic initiatives.
Rakuten India appoints Sunil Gopinath CEO
Sunil Gopinath joined Rakuten India in 2016 as Senior Vice President of Products and Technology and has led efforts to establish the product.
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