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Alibaba

SoftBank adds to Alibaba sale, bringing total to $10 billion

SoftBank, Alibaba's top shareholder, on Wednesday said it would sell at least $7.9 billion of shares in Alibaba. Jun 4, 2016

Meet the flying hospital fighting to save the broken hearts of Tanzanias poor children

IBTimes UK visits a medical team treating children with congenital heart defects in Dar es Salaam, Tanzania. Jun 3, 2016

David Miliband defends Prime Ministers performance in EU referendum debate

Former Labour foreign secretary makes another intervention in the EU referendum campaign. Jun 3, 2016
Idea Cellular

PE firm Providence sells 3.47% stake in Idea Cellular for Rs. 1,400 crore

The share sale is at a 6 percent discount to Thursday's closing price of Rs.118.5 per share. Jun 3, 2016
jet airways q4 annual results indian aviation dgca jet net profit sales atf

Jet Airways announces special low fares after SpiceJet, Air India, AirAsia India

Jet Airways, SpiceJet, Air India and AirAsia India are wooing passengers with low fares to beat lean season. Jun 2, 2016
coal india mining production offtake output coal india share price cil miner

Coal India output, offtake rise in May; stock rallies 4% on BSE

The world's largest miner released offtake and production figures for May on Thursday. Jun 2, 2016
UBER taxi

Uber raises $3.5 billion from Saudi Arabia's Public Investment Fund

The new round of fundraising puts Uber's valuation at $62.5 billion. Jun 2, 2016
Mumbai International Airport

Airports Authority of India revenues cross Rs. 10,000 crore for the first time

The record growth in revenues could be due to low fuel prices, which has resulted in an increase in the number of passengers. Jun 2, 2016
Indian rupee investments

Lending by state-run banks falls to 12-year low

Public sector banks' share of credit fell by nearly 4 percent during 2015-16, while private banks saw their market share grow for the same period. Jun 1, 2016
royal enfield eicher motors sales fy2016 quarterly results eml eicher june pat revenue sales consolidated

Royal Enfield motorcycle sales rise 37% in May

Eicher Motors sold 48,604 units of Royal Enfield motorcycles last month as against 35,354 units sold in May last year. Jun 1, 2016
Aviation Air India IndiGo Jet

Jet fuel price hike likely to deal a blow to passengers, air carriers

The 9.2 percent hike in jet fuel price came into effect from Wednesday. Jun 1, 2016
linkedin networking site india plans start ups indian tech startups

LinkedIn bets big on India, 'open' to buying Indian start-ups

India is the second-biggest market for LinkedIn, with a user base of 35 million, after U.S. Jun 1, 2016
SoftBank Corp. Chief Executive Masayoshi Son

SoftBank's investment in India may exceed $10 billion over next decade

The Japanese telecom and internet firm has so far invested about $2 billion in Snapdeal, Ola, Oyo and Grofers, among others. May 31, 2016
Rupee

Online ads to be taxed 6% from June 1, says govt

The idea behind equalisation levy was to indirectly tax the internet giants for the money they make from Indian advertisers. May 31, 2016
GoAir

GoAir to receive delivery of Airbus neo this week; plans listing

According to airline officials, the fuel efficient Airbus A320 neo aircraft will be operational by next week. May 31, 2016
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