3 insights to kick-start your day, featuring SoftBank’s biggest loss
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Synopsis
In Primeshots today: SoftBank’s WeWork fiasco; Tesla’s India entry; IMPCL gets bids from private drugmakers.
Softbank’s biggest loss In the news. WeWork files for bankruptcy; SoftBank loses USD11.5 billion. Inside the news. WeWork, which is synonymous with co-working space, is taking its dying breath after years of agonising efforts to revive its fortunes. The global poster boy of shared economy and startup culture is weighed down by expenses on account of long-term leases of premium real estate. SoftBank chief Masayoshi Son had personally pursued
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