Soft Bank acquires $87 million worth of additional shares in sprint

Japanese telecom group Soft bank acquired 22.9 million additional shares in Sprint, US Wireless carrier at a weighted average cost of $3.8.

Sprint’s share value was up by $4.2 in extended trading on Wednesday. Softbank now owns about 80% of Sprint’s shares.

Jio Economic Times Awards

Startup of the year- Ola, Bengaluru

Innovator of the year- Grey Orange, Gurgaon

Best on Campus- Purple Squirrel, Mumbai

Women ahead- Lime Road, Gurgaon

Comeback Kid- Fasoos, Pune/ Mumbai

Bootstrap Champ- Brower Stack, Mumbai

Social Enterprise- Forus Health, Bengaluru

Midas Touch- Kalaaari Capital, Bengaluru

Google Restructuring and Sundar Pichai, The new CEO

Sundar Pichai remembered as a studious, low profile but academically competitive boy is now at the helm of Google.

This is a result of restructuring which the google has undergone. Alphabet is the new umbrella holding company and google is one of it’s subsidiaries. Since Google’s formation in 1998 it has diversified into many businesses some of which are unrelated. Different businesses need different management styles so there was a need of this restructuring.

The other subsidiary companies are Calico, Fiber, Google X, Google  Ventures, Google Capital, Nest and Google.

Alphabet will be holding the shares of all these companies. Larry Page is the CEO of Alphabet and Sergey Brin is the President. Sundar Pichai is the CEO of Google.