India Digest: SoftBank, IL&FS partner for power plants; Lakshmi Vilas stake sale; Layoffs at Hike

India Digest: SoftBank, IL&FS partner for power plants; Lakshmi Vilas stake sale; Layoffs at Hike

Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan. Photographer: Tomohiro Ohsumi

SoftBank Group is partnering with IL&FS to develop solar plants in India while Lakshmi Vilas Bank is in talks to sell up to 26% stake. Also, SoftBank-backed Hike Messenger is laying off 20-25 per cent of its workforce.

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