Aug 15 Reuters Alibaba Group Holding missed market expectations for firstquarter revenue on Thursday, as the company39;s domestic ecommerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy. A halting economic recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and […]

BENGALURU, Aug 16 Reuters India39;s JSW Cement filed draft papers for an initial public offering worth up to 40 billion rupees 476.7 million on Friday, aiming to cash in on the country39;s booming stock market and strong demand for the building material. The company, part of billionaire Sajjan Jindal39;s JSW Group, will issue new shares […]

Aug 16 Reuters Australia39;s Whitehaven will cut 192 jobs at the Daunia and Blackwater coking coal mines it took over from global miner BHP Group, its spokesperson told Reuters on Friday, adding to a slew of roles lost in the resources sector this year. Whitehaven had announced plans in October to buy out BHP39;s Blackwater and […]

BENGALURU, Aug 16 Reuters India39;s top escooter maker Ola Electric Mobility surged 20 on Friday to reach a valuation of 586.64 billion rupees 6.99 billion, after it launched a new line of motorcycles and on bets it will lower costs by using its own batteries. The emotorcycle launch is set to intensify competition in the world39;s secondlargest twowheeler […]