Alibaba’s IPO Priced at $68 a Share
Alibaba Group Holding Ltd. ‘s shares priced Thursday at $68 apiece, putting the Chinese company on track for an initial public offering that will raise at least $21.8 billion. The price was at the top of the company’s expected range of $66 to $68, which was increased from an initial $60... read more »
China hands drugmaker GSK record $489 mln fine, sentences executives
China has fined GlaxoSmithKline Plc a record 3 billion yuan ($488.8 million) for paying bribes to doctors to use its drugs, the British company said on Friday, drawing to a close a corruption probe that rocked the pharmaceutical sector in China. A court in the city of Changsha also sentenced... read more »
Gold tumbles, dips to over 3-month low on global cues
Gold prices tumbled by Rs. 440 to hit over three-month low of Rs. 27,010 per ten gram in the national capital today on heavy selling by stockists, triggered by a weakening global trend. Besides, sluggish demand and subdued global cues also weighed on the precious metal prices. Silver also fell for... read more »
ONGC made Rs 81,890 crore investment to raise output
Country’s largest oil and gas producer ONGC on Friday said it has invested Rs 81,890 crore in bringing on stream newer discoveries and arrest natural decline that has set in its ageing fields. “Our major oil and gas producing fields are ageing and showing natural decline,” ONGC... read more »
French parliament approves jihadist travel ban
PARIS: France’s parliament on Tuesday approved a new anti-terror bill aimed at preventing potential jihadists from travelling to Iraq, Syria or elsewhere by confiscating their... read more »
Salman Khan’s new ‘Bigg Boss 8’ promo is out and he says sabki ‘Bajaa Doonga’
Despite all statements about his uncertainty in returning to the new season of the reality show ‘Bigg Boss’, Salman Khan is back on the small screen. In a new promo for the reality... read more »
Fighting has just begun, Islamic State video warns U.S.
The militant Islamic State group has released a video warning the United States that fighters await it in Iraq if President Barack Obama sends troops there, as he and his top general said... read more »
Beijing police formally arrest Jackie Chan’s son in drug case
The Beijing police have formally arrested the son of Hong Kong martial arts film star Jackie Chan on suspicion of allowing other people to consume drugs, a charge that carries a maximum... read more »
13 new polio cases found in Pakistan
At least 13 new cases of crippling poliovirus have been detected in Pakistan, taking this year’s total of the new victims to 158, reports said on Wednesday. The new cases were confirmed on Tuesday... read more »
