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