Jack Ma, founder of China's e-commerce giant Alibaba suffered a major setback on Tuesday as Shanghai and Hong Kong Stock Exchanges suspended dual listing of the shares of his world's biggest initial public offer of $39.7 billion of the group's subsidiary - the Ant Group, 48 hours before the highly-anticipated trading was due to start. The Shanghai Stock Exchange surprised market investors with an abrupt announcement late on Tuesday that it will suspend Ant Group's IPO, as regulators and the public debate the balance between financial innovation and risk control, state run Global Times reported. According to media reports, the Hong Kong exchange followed suit several minutes later.
Third time lucky is an apt phrase to describe the remarkable rise of Joe Biden, a veteran in US politics for around five decades, from being one of the youngest senators in history to the oldest American president-to-be.
Glenn McGrath, McGrath Foundation Co-Founder and President, is asking people from across Australia to show their support for people with breast cancer by buying virtual Pink Seats.
'Start-ups that generate a majority of their income in India are likely to opt for an Indian listing.'
Indian cricket icon Sachin Tendulkar picked Australia's batting sensation Marnus Labuschagne as the player who most reminds him of himself, calling the fast-rising batsman a special talent with impeccable footwork. The 25-year-old Labuschagne became Test cricket's leading scorer in the calendar year 2019 with 1,104 runs. He broke into the scene after coming in as a concussion substitute for Steve Smith during the Ashes last August.
Harris slammed President Donald Trump and pledged to 'rejoin' the Paris agreement on Climate Change and 'strengthen and re-enter' the Iran nuclear deal. "Joe Biden and our administration is gonna have a massive job to repair the damage done by Donald Trump and his administration, and to restore our place in the world," she said.
Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.
Organisers have been criticised by players attempting to make the main draw of the season opening Grand Slam for continuing to play matches despite the poor air quality from bushfires.
Reader Ambreen Pathan sent us these photographs from Dallas, Texas.
India is currently home to 52 unicorn startups and one of the fastest-growing startup ecosystems.
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
Dia Mirza captured the beauty of Sri Lanka on a vacation, where she stayed at the Wild Coast Lodge at the Yala National Park.
Fresher hiring is expected to more than double compared to last year.
The government holds 90 per cent stake in ITI which is valued at Rs 7,550 crore.
Indian-American Governor of Louisiana Bobby Jindal has been invited to deliver a key-note address to the national fundraising of the Republican Party.Jindal, 37, is now considered a rising star of the Republican Party, which is desperately looking for a dynamic and charismatic personality to lead the party in the 2012 presidential elections. The US media speculated that the party is gearing to project Jindal as the nominee for the 2012 presidential elections.
"Every day, Kamala has been fighting for justice on behalf of the only client she's ever had: the people," said Douglas Emhoff.
A look at what the IPL teams and players are doing to support the people of India in this massive battle against the deadly coronavirus.
There were fewer Series-B deals this year versus last, but more money was raised
Stock markets squandered early gains but managed to end in the green on Friday, propped up by heavyweight Reliance Industries which announced another stake sale deal for its digital platform. A strengthening rupee and firm global cues also supported the domestic bourses, traders said.
The pop singer once again ruled the annual charity gala.
'When I first met him, I felt he had given up on life, but now his willingness to live has enhanced.'
US President Donald Trump took a loop around the Daytona 500 racetrack on Sunday in his presidential limousine, drawing cheers from fans at NASCAR's most prestigious race not long after completing a dramatic flyby on Air Force One. Ramping up his nationwide re-election effort after his acquittal in the US Senate impeachment trial, Trump served as grand marshal at the annual National Association for Stock Car Auto Racing event, which takes place in the electoral swing state of Florida.
Air India is seeking government approval to raise a Rs 2,000 crore loan and refinance $819 million aircraft debt, which would help tide over the financial crisis.
Kyrgios pledges to donate $50 per ace for hurricane-hit Puerto Rico
Ebix said the acquisition of Yatra would lend itself to significant synergies and the emergence of EbixCash as India's largest and most profitable travel services firm.
'We need to see more Indian Americans and people of colour hold elected office and serve in executive roles.'
Around 70 companies have received IPO clearance from markets regulator Sebi, but are waiting for election results.
'While we may speculate about personality politics, the reality is that there are more important issues that drive the India-US relationship.'
His campaign has now established a "Election Defense Fund" to raise funds to fight the expensive legal battle in US courts that might end up in the US Supreme Court.
Reliance Industries Ltd (RIL) was the star performer in Friday's session, spurting over 6 per cent to its all-time high, Other Sensex gainers included Bajaj Finance, PowerGrid, ICICI Bank, Maruti, Axis Bank and SBI. On the other hand, IndusInd Bank, HCL Tech, ITC, M&M HDFC and Infosys shed up to 2.94 per cent.
Ambani said Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue.
Reliance Industries on Friday reported more than doubling of its March quarter net profit to Rs 13,227 crore as improvement in petrochemical and consumer business countered continued weakness in refining business.
The report said India continues to experience attacks by 'Pakistan-based terrorists'.
The mother-to-be showed off her baby bump in a flowing green gown as she entered with fianc Alexis Ohanian.
Ambani now holds 80.52 lakh shares or 0.12 per cent of RIL, up from 75 lakh shares held before the rights issue. His wife Nita and children Isha, Akash, and Anant too got 5.52 lakh shares each after they subscribed to the rights offering. They, too, hold 0.12 per cent each in the firm.
Due to the coronavirus pandemic, he had suspended his election rallies for the past three months.
India's e-commerce sector is a prize, but one that may end up being spread thinly.
RBI is expecting the rupee to stay close to Rs 75 to a dollar, as COVID-19 forces foreign funds to withdraw from emerging markets.
Rediff.com goes back in time to chart the most iconic events that have taken place at these grounds.
Whatever be Kamala Harris's preference for her identity, many Indians in the US will rally around her as she is the first person with Indian blood in her veins to get close to the White House, observes Ambassador T P Sreenivasan.
