SoftBank Swings To Profit Amid IPO Boom In India And Rising Tech Valuations
SoftBank Group Corp. posted a notable profit for the September quarter, benefiting from a surge in Indian IPOs and a recovery in tech company valuations. The Japanese investment giant reported a net income of ¥1.18 trillion (around $7.7 billion), a significant turnaround from a ¥931 billion loss in the same quarter last year. This result…