BEIJING: Alibaba Group Holding Ltd’s Singles’ Day sales surged past last year’s 91.2 billion yuan ($13.36 billion) total with nearly nine hours left on the clock, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts. Amid fanfare and celebrity razzmatazz, sales on Alibaba’s platforms ... Read More »
NEW DELHI: With the government extending use of old Rs 500 and Rs 1,000 notes, among other things, to buy airline tickets from airport counters till Monday midnight, airlines have come out with stringent norms to check misuse of this relaxation. India’s largest domestic airline IndiGo, for instance, tweeted: “Tickets ... Read More »
NEW DELHI: Confusion over the facility for exchanging old high-denomination notes, subject to a limit of Rs 4,000, at banks and post offices by providing valid identity cards has led to some people misusing the system to legalise their unaccounted wealth. At present, the exchange facility is a one-time window ... Read More »
NWE YORK: The Dow Jonesindustrial average ended at a record closing high on Friday, capping off its best week since 2011 after Donald Trump’s unexpected victory in the US presidential election. Since his triumph on Tuesday, investors have been betting on Trump’s campaign promises to simplify regulation in the health ... Read More »
China’s exports and imports fell more than expected in October, with weak domestic and global demand adding to doubts that a pick-up in economic activity in the world’s largest trading nation can be sustained. October exports fell 7.3 percent from a year earlier, while imports shrank 1.4 percent, official data ... Read More »
India’s gold demand could fall as much as 24 percent in 2016 to the lowest level in seven years due to higher prices and increased smuggling as the government seeks to bring transparency to bullion purchases, the World Gold Council (WGC) said. Lower demand from the world’s No.2 gold consumer ... Read More »
Falling consumer demand and a halving of central bank purchases resulted in a 10 percent drop in gold buying in the third quarter, data from the World Gold Council showed on Tuesday, despite a rise in investment. Added to a 4 percent rise in supply, that pushed the overall quarterly ... Read More »
On the eve of Children’s Day, 14 November, Prince Tiwari, a 23-year-old Chartered Accountant will begin his 24,000 km walk across India, which he aims to complete in 120 days. No, he is not keen to get himself listed in any record books. The purpose of this walkathon is simple: ... Read More »
BAE Systems said Friday the first steel will be cut on the U.K.’s Type 26 Global Combat Ships next summer. Once contract negotiations are finalized, the Type 26 program is expected to deliver a new generation of warships to the Royal Navy while securing hundreds of jobs in Scotland and ... Read More »
The U.K. Ministry of Defense announced a $125 million deal Friday with MBDA Missile Systems to put the Sea Ceptor defense system on the new Type 26 Global Combat Ship. Sea Ceptor will provide the navy with a shield against airborne threats, including next-generation supersonic anti-ship missiles, jets, helicopters and ... Read More »
– All three major U.S. stock indices completed the week Friday by posting losses, with the presidential election four days out. Losses on Wall Street are commonplace immediately prior to a U.S. presidential election, but Friday’s trading placed the S&P 500 in record territory. The bellwether index dropped just three ... Read More »
Alibaba Group, the massive Chinese online retailer, posted stronger than expected fiscal second quarter earnings on Wednesday morning and the stock is popping. The Chinese online retailer posted earnings of 5.26 Chinese yuan per share against analyst expectations of 4.69 Chinese yuan. Revenue came in at 34.3 billion yuan against the 33.9 ... Read More »
