SoftBank founder Masayoshi Son may meet PM Narendra Modi today: Report

SoftBank is eyeing more bets in AI in India and also after having reaped huge gains with the public listings of the companies it backs like that of Swiggy

Published on: Nov 27, 2024, 13:22:37 IST

By HT News Desk

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Masayoshi Son, the billionaire founder of Japan's SoftBank Group will be meeting Prime Minister Narendra Modi on Wednesday, November 27, 2024, according to a report by news agency Reuters which cited an unnamed source.

Prime Minister Narendra Modi meeting the President/CEO, Softbank Group Corp., Masayoshi Son, in Tokyo on May 23, 2022 (ANI)

HT couldn't independently verify the information.

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Though the topic of the discussion isn't clear yet, this comes a a time when SoftBank is eyeing more bets in artificial intelligence (AI) in India.

Masayoshi Son also met Mukesh Ambani on Tuesday, November 26, 2024, according to the report which added that this was to discuss potential artificial intelligence opportunities in India.

However, Son's final schedule can also potentially change, according to the report.

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The potential meeting also comes at a time when SoftBank reaped huge gaines with the listings of the companies it backs, the most recent and famous example being Swiggy.

SoftBank also backs Indian shopping website OfBusiness, which is targeting a $1 billion IPO in 2025 in the middle of the ongoing boom in Indian primary markets.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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