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SoftBank’s Vision Fund tumbles to US$18bn loss in ‘valley of coronavirus’ – Finance – Strategy- Tempemail – Blog – Emails

Japan’s SoftBank Group Corp reported a stunning US$18 billion loss at its giant Vision Fund, pushing Masayoshi Son’s conglomerate to a record loss and highlighting the deepening crisis at its portfolio companies from the global downturn. The disastrous 1.9 trillion yen (US$18 billion) operating shortfall at the Saudi-backed Vision Fund, including losses of almost US$10 […]

Apple borrows on the cheap to fund buybacks, dividends – Benchmarking Change- Tempemail – Blog – Emails

Apple Inc on Monday capitalised on the Federal Reserve’s emergency measures in response to the coronavirus outbreak to issue its cheapest bonds in years, making it the latest blue-chip company to do so to fund stock buybacks and dividends. Apple’s offering illustrates how companies with the best credit ratings are boosting shareholder returns by tapping […]

PhonePe launches Super Fund, a unique investment solution driving long-term wealth creation- Tempemail – Blog – Emails

Read Article PhonePe, a digital payments platform, today announced the launch of Super Funds, a unique and comprehensive solution that invests across multiple top equity, gold and debt funds of different mutual fund companies to help investors create long-term wealth in a safer way. PhonePe has partnered with Aditya Birla Sun Life Mutual Fund (ABSLMF), […]

Tata CapitalGrowth Fund II invests $5 million in award winning application security SaaS start-up Indusface- Tempemail – Blog – Emails

Read Article Indusface, a leading application security SaaS start-up that helps organisations protect their web & mobile applications has secured $5 million in funding from Tata Capital Growth Fund IIto accelerate global customer acquisition and product innovation plans. Tata Capital Growth Fund (TCGF) II invests in companies that fall under three themes – Urbanisation, Discrete […]

Netflix to raise US$1 billion to fund original content – Finance- Tempemail – Blog – Emails

Netflix said on Wednesday it plans to raise about US$1 billion in debt to beef up original content, a day after the streaming pioneer doubled its own projections for new customers as stuck-at-home users binged on movies and shows. Shares of the company were down 3 percent at US$420 in morning trade after it also […]

Nigerian Startup Creates 100-Million Naira COVID-19 Payout Fund | Tempemail – Blog – Emails

Sourced from PalmPay. Africa focused payment startup PalmPay has waived transfer fees in Nigeria and is offering direct payouts to customers who have contracted COVID-19 in the country, according to Tech Crunch. Launched in 2019, and backed by Chinese mobile-phone manufacturer Transsion, PalmPay has created the PalmPay Support Fund. The initiative will start with around […]

Australian media organisations come together on fund to support local publishers- Tempemail – Blog – Emails

Australian ad tech firm Viztrade is leading the launch of a digital media fund, which it hopes will allow marketers to invest directly into local news businesses and publishers. The aim of the fund will be to direct funding into independent businesses so they can improve and create new digital services, helping local publishing to […]

Netflix contributes further $50 million to Coronavirus Relief Fund for production workers- Tempemail – Blog – Emails

Read Article Netflix has increased the amount of money in its coronavirus emergency relief fund by $50 million, bringing the total for displaced production workers to $150 million, a company spokeswoman said on Friday. Film and TV production has been shut down around the world as people shelter at home to help slow the spread […]