alibaba

 

India's economy to be USD 5 trn by 2025: Paytm chief

Jan 18 2018

Indian economy is set to double to USD 5 tn in the next 7-8 yrs as booming consumption of digital services would support addition of about USD 2.5 tn to country's wealth.

JD.com, VNG Corp lead investment in Vietnamese e-commerce firm

Jan 16 2018

JD.com said it has led an investment in Vietnamese e-commerce firm Tiki.vn, expanding its Southeast Asia business amid competition from Alibaba Group and Amazon.com.

'Received approval for new consumer-credit backed securities'

Jan 15 2018

China’s Ant Financial has received approval to issue consumer credit-backed securities to institutional investors and the securities are currently in the pricing process.

China chides three tech firms over privacy safeguards

Jan 12 2018

China reprimanded 3 top tech firms over poor privacy protections, as tech companies face an increasing backlash from consumers and authorities.

China's Alibaba under fire over use of customer data

Jan 05 2018

Alibaba has come under fire over its handling of user data in an episode that underscores growing concerns for privacy in the hyper- digitised country.

Hong Kong will start atoning for missing Alibaba listing

Jan 04 2018

Losing Alibaba to New York was embarrassing for a city that has thrived connecting China to world markets. Hong Kong could go some way to making up for this in 2018.

China will pull private capital into state-owned enterprises

Dec 28 2017

The private companies concerned will take comfort that cooperation could reduce political risk. But for the broader reform agenda, half-measures will likely be worse.

Chinese court auctions skyscraper for $84.2 million

Dec 26 2017

A Chinese court is auctioning a skyscraper on the country's largest e-commerce website with a sky-high starting price of 553 million yuan (USD 84.2 million).

UBS eyes global roll out of online wealth management service

Dec 21 2017

UBS is considering rolling out its online investment platform worldwide after a successful trial in Britain, the head of wealth management at the Swiss bank said.

China's Tencent, JD.com invest $863 mn in online retailer Vipshop

Dec 18 2017

Chinese internet giant Tencent Holdings Ltd said it would lead an $863 million investment in apparel platform Vipshop, upping its rivalry in retail with Alibaba Group.

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Global Markets

 

Stocks In News

 

WELSPUN ENTERPRISES

Completes acquisition of 49% stake in the projects from MBL Group

Total consideration of Rs 2,300 Cr 

Projects involve 4-laning of sections of NH-72A & NH-73

TATA STEEL

Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held

To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr

Sets Rights Issue Price At Rs 510/Fully Paid Share

To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr

Sets Rights Issue Price At Rs 615/Partly Paid Share

TECHNOFAB ENGG

Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles

Projects in waste water sector

Projects funded by European Investment Bank

Cos order backlog increases to Rs 2,200 cr, which is an all-time high

J KUMAR INFRAPROJECTS

Gets LOA for 2 projects from Delhi Metro Rail Corp

Work includes finishing works of 8 stations of Mumbai Metro Rail Project

Cost of Contracts stands at nearly Rs 57 cr

FUTURE RETAIL

To acquire entire equity share capital of arm Travel News Services

Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr

Post acquisition, TNSI Retail to become step-down arm of co

TNSI JV Welcome Retail Private Limited to become step-down arm

Deal likely to be completed in 12-16 weeks

Note: Travel News Services (TNSI)

Effect of acquisition

Consolidation of retail business of FRL

To help FRL expand its presence at Airports, Metro Stations, Universities

Will have access to retail brand WH Smith", license for which is held by co

Note: Future Retail (FRL)

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