Reuters
TMT
Alibaba buys stake in payment affiliate Ant Financial as revenue beats forecast
Alibaba Group Holding Ltd, China’s biggest e-commerce company, said on Thursday third-quarter revenue rose 56 percent, beating expectations as it ......
Manufacturing
India factory growth eases to three-month low in January
Indian factory growth cooled to a three-month low in January as weaker domestic demand dragged on output despite firms keeping ......
Finance
India's infrastructure output rises 4% in December
India’s annual infrastructure output grew 4.0 percent in December from a year ago, government data showed on Wednesday.The growth in ......
Finance
Sequoia Capital plans $8 bn global fund with eye on diversification
Sequoia Capital, an early investor in global tech behemoths like Google Inc and Apple Inc, aims to raise up to ......
TMT
South Korea uncovers $600 mn in cryptocurrency crimes
South Korea has uncovered cryptocurrency crimes worth 637.5 billion won ($594.35 million), which includes illegal foreign exchange trading, a statement ......
TMT
Bharti Airtel pulls out of race for Nigeria's 9mobile
India’s largest telecoms operator, Bharti Airtel does not see much value in buying debt-laden Nigerian rival 9mobile and withdrew from ......
Economy
Budget 2018: Govt may set record $15.7 bn disinvestment target
India’s government may look to raise as much as a record 1 trillion rupees ($15.7 billion) from the sale of ......
TMT
Uber CEO to visit India next month in quest to improve firm's image
Uber Chief Executive Dara Khosrowshahi will make his first visit to Asia next month as the new head looks to ......
TMT
Xiaomi is India's top smartphone seller as Samsung loses crown after 6 years
Samsung Electronics has lost its crown as the top smartphone seller in India for the first time in six years, ......
Economy
Indian govt to inject $14 bn into 20 public sector banks by March-end
India on Wednesday unveiled details of a recapitalisation plan, pledging to inject nearly $14 billion into twenty lenders this fiscal ......
