Alibaba combines e-commerce arms to tackle growing competition
Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader for the first time, the company said in a stock exchange filing on Thursday. The Alibaba E-commerce Business Group, as the unit will be called, brings together the Taobao and
China announces policy measures to shield exports from Trump’s tariff threat
China on Thursday, in response to US President-elect Donald Trump’s threat to increase tariffs on Chinese goods, announced new measures on Tuesday to support its export sector.Beijing aims to create a “good environment” for its exports and counter the “unreasonable foreign trade restrictions” imposed by the US.China’s commerce ministry, in
Tata Power, ADB ink pact for $4.25-billion finance for key energy projects
Tata Power on Thursday said it has signed an initial pact with Asian Development Bank (ADB) to evaluate financing worth $ 4.25 billion for its several strategic projects. A memorandum of understanding has been signed with ADB at Baku, Azerbaijan, Tata Power said in a statement. “The MoU has been
Haryana chief secretary reviews status of nine infrastructure projects, ET Infra
CHANDIGARH: Haryana Chief Secretary Vivek Joshi on Thursday reviewed the progress of nine infrastructure projects currently underway in the state with an anticipated investment of Rs 58,274.05 crore. Reviewing the projects listed in the Project Monitoring Group (PMG) at a state-level meeting here, Joshi held detailed discussions with the concerned
India’s economic growth projected to accelerate in Q3 FY2025: ICRA report
NEW DELHI: India’s economic growth is expected to accelerate in the third quarter (October-December 2024) compared to the first half (April-September 2024) of the current financial year, according to a report by ICRA report. The projection is supported by improved economic indicators and strong sectoral performance, with preliminary November 2024
Rupee hits a new low at 84.50 against US dollar
The rupee fell by 8 paise on Thursday to settle at an all-time low of 84.50 against the US dollar, primarily due to a massive sell-off in domestic equity markets, ongoing foreign investment outflows, and surging crude oil prices due to geopolitical instability.According to forex traders, the dollar is witnessing
Moody’s to evaluate Adani Group’s governance amid bribery allegations
NEW DELHI: Moody’s Ratings on Thursday announced on Thursday that it will evaluate Adani group’s governance standards while determining the conglomerate’s ability to raise capital, following the bribery allegations against its chairman Gautam Adani. “The indictment of Adani Group’s chairman and other senior officials on bribery charges is credit negative
Adani Group denies allegations in first reaction to Gautam Adani US indictment; calls charges ‘baseless’
Following the news of the indictment, Adani Group stocks crashed up to 20%. Gautam Adani-led Adani Group has responded to the bribery and fraud allegations by the US Department of Justice and the US Securities and Exchange Commission, calling the charges “baseless”.The investigation centers on Adani Green Energy Ltd. and
Gautam Adani Case Explained: Here are US charges against Gautam Adani | India Business News
Adani Group chairman Gautam Adani during an event, in Nagpur. (PTI file photo) US prosecutors have charged billionaire tycoon Gautam Adani with involvement in a plan to pay more than $250 million in bribes to government officials in India for solar energy contracts, a move that stands to further roil
Stock market today: BSE Sensex opens over 400 points down; Nifty50 below 23,400
The 23,780-23,800 range represents key resistance, say market analysts. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday. While BSE Sensex was below 77,200, Nifty50 was below 23,400. At 9:18 AM, BSE Sensex was trading at 77,172.19, down 406 points or