BENGALURU : Chinese e-commerce giant Alibaba Group Holding Ltd plans to sell a stake of about 3 per cent in Indian food delivery firm Zomato Ltd worth $200 million through a block deal, CNBC Awaaz reported on Tuesday, citing sources.
Business
China’s aviation regulator has issued a production certificate allowing for the mass production of the homegrown C919 narrowbody jet, manufacturer Commercial Aviation Corp of China (COMAC) said on Tuesday. The C919, a rival to the Airbus A320neo and Boeing 737 MAX single-aisle jet families, had received a type certificate in […]
BERLIN: Volkswagen and FAW’s plant in Chengdu, China has halted production for the past week due to rising coronavirus cases, and two of the five production lines at its Changchun plant are on hold, a VW spokesperson said on Monday. The two lines in Changchun have been halted because of […]
WASHINGTON: Twitter’s ban on then President Donald Trump after the Jan 6, 2021, attack on the US Capitol by his supporters was a “grave mistake” that had to be corrected, Chief Executive Elon Musk said on Friday (Nov 25), although he also stated that incitement to violence would continue to […]
MUMBAI : India’s banking regulator has declined a payment aggregator licence for the One 97 Communications Ltd unit that owns the popular Paytm brand, asking it to reapply with 120 days after meeting certain conditions. The regulator asked Paytm Payments Services Ltd, a 100 per cent subsidiary of One 97 […]
Donald Trump on Saturday (Nov 20) said that he had no interest in returning to Twitter even as a slim majority voted in favour of reinstating the former United States president, who was banned from the social media service for inciting violence, in a poll organised by new owner Elon […]
WASHINGTON: Twitter’s owner Elon Musk has pledged the platform will not become a “hellscape,” but experts fear a staff exodus following mass layoffs may have devastated its ability to combat misinformation, impersonation and data theft. Twitter devolved into what campaigners described as a cesspit of falsehoods and hate speech after […]
BERLIN : Airbus Chief Executive Guillaume Faury believes China and the West will reduce their mutual dependency in the long term but there is no question of them breaking off trade ties, he told Handelsblatt. “I think a break-up of economic areas is unthinkable,” he told the business daily. “I […]
BEIJING : China has amended rules for the management of state-run bailout funds rescuing troubled insurers, its financial regulators said on Thursday. The rules aim to promote healthy development of the insurance industry, prevent and resolve financial risks and maintain financial stability, the China Banking and Insurance Regulatory Commission said […]
TOKYO: Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday (Nov 10) he had no desire to get re-appointed for another five-year term to head the central bank, after his current one ends in April next year. “In April, it will be 10 years since I became governor. Personally, […]