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Reuters

Sensex, Nifty decline on weak rupee, factory data

Markets

13 November, 2019

Sensex, Nifty decline on weak rupee, factory data

Indian shares closed lower on Wednesday, hurt by a weaker rupee and a fall in factory output data, while investors ......

Alibaba poised to launch record-breaking $13.4 bn Hong Kong IPO

TMT

13 November, 2019

Alibaba poised to launch record-breaking $13.4 bn Hong Kong IPO

Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to $13.4 ......

Passive equity funds set to beat active funds for second year

Markets

13 November, 2019

Passive equity funds set to beat active funds for second year

India's passive index-tracking equity funds are set to beat their active stock-picking counterparts in returns for a second successive year ......

Vodafone's India future in doubt as 'unsupportive' ecosystem takes toll

TMT

12 November, 2019

Vodafone's India future in doubt as 'unsupportive' ecosystem takes toll

Vodafone said its future in India could be in doubt unless the government stopped hitting operators with higher taxes and ......

WeWork starts hunt for a new CEO

Infrastructure

12 November, 2019

WeWork starts hunt for a new CEO

WeWork has started a search for a new chief executive following the departure of co-founder Adam Neumann, people familiar with ......

India to invite foreign firms to partake in oil companies' privatisation

Infrastructure

12 November, 2019

India to invite foreign firms to partake in oil companies' privatisation

International energy firms will be invited to participate in India’s privatisation of state-owned oil companies, the country’s Oil Minister Dharmendra ......

Alibaba's Singles' Day sales hit record $38 bn; growth slows

TMT

12 November, 2019

Alibaba's Singles' Day sales hit record $38 bn; growth slows

Chinese retailer Alibaba Group Holding Ltd’s sales for its 24-hour Singles’ Day shopping blitz hit a record $38.4 billion, more ......

Uber co-founder Travis Kalanick sells nearly $550 mn of shares

People

12 November, 2019

Uber co-founder Travis Kalanick sells nearly $550 mn of shares

Uber Technologies Inc co-founder and former chief executive Travis Kalanick has sold nearly 21% of his stake in the ride-hailing ......

India's September industrial output falls at the fastest pace in six years

Manufacturing

11 November, 2019

India's September industrial output falls at the fastest pace in six years

India's industrial output fell at the fastest pace in over six years in September, adding to a series of weak ......

Credit Suisse shakes up leadership at struggling investment banking unit

Finance

11 November, 2019

Credit Suisse shakes up leadership at struggling investment banking unit

Credit Suisse on Monday appointed David Miller, the bank's global head of credit, to take charge of its floundering investment ......