Microsoft soars past $800 bn in value after bumper growth in software biz

Jul 20 2018

Shares of one of the technology world's oldest and best-known names rose 4 per cent to $108.50 in trading before the bell.

Alibaba to buy minority stake in Focus Media to tap digital marketing

Jul 18 2018

Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday said it has agreed to acquire a minority stake in China’s Focus Media Information Technology Co Ltd to tap into the digital marketing sector.

Mukesh Ambani is set to become Asia’s richest person

Jul 13 2018

Mukesh Ambani is poised to overtake Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance Industries to disrupt the e-commerce space in India.

India presents great business opportunities: Alibaba Cloud

Jul 13 2018

With Indian organisations already spending heavily on public Cloud services, time is now right to do business in the country, a top executive from Alibaba Cloud, the cloud computing arm of Chinese giant Alibaba Group, said.

Facebook sorry for labelling 65,000 Russians 'interested in treason'

Jul 12 2018

Facebook has apologised for labelling 65,000 Russians as "interested in treason," putting them at potential probe risk by the Russian law enforcement officials and the government, the media reported.

Check-in with a smile: Marriott, Alibaba trial facial recognition at China hotels

Jul 11 2018

hinese guests at Marriott International, the world’s largest hotel chain, may soon be able to check in with a quick scan of their facial features.

Wall Street enters third day of gains as trade fears ease

Jul 09 2018

At 9:49 am ET the Dow Jones Industrial Average was up 193.11 points, or 0.79%, at 24,649.59, the S&P 500 was up 15.33 points, or 0.56%, at 2,775.15.

Stock futures rise as trade concerns take a back seat

Jul 09 2018

U.S. stock index futures rose on Monday, drawing strength from healthy U.S. jobs data last week that helped investors look past rising trade tensions between the United States and China.

Ant Financial mega-fundraising leads sovereign investments in second quarter

Jul 06 2018

Ant Financial’s record-setting $14 billion funding round led sovereign investor transactions in the second quarter against a backdrop of rising interest in tech-related start-ups, although overall deal values fell slightly.

China media group CMC raises $1.5 billion from Alibaba, Tencent

Jul 03 2018

CMC Inc said that it had raised around 10 billion yuan ($1.49 billion) in a fund-raising round from investors including rival tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd.

Indian Markets


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