COMPANIES THAT SPENT billions on poorly timed acquisitions in recent years are now offloading those assets at knockdown prices.
Alibaba Group Holding announced on Tuesday it's going to sell Chinese department-store chain Intime to a local apparel group for $1 billion. The price is around 30% of the company's valuation when Alibaba bought it during the heady days of 2017. The internet giant, which has largely abandoned its acquisitive ways amid government pressure, said it will book a $1.3 billion loss on the transaction.
Denne historien er fra December 20, 2024-utgaven av Financial Express Chennai.
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Denne historien er fra December 20, 2024-utgaven av Financial Express Chennai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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EU escalates pressure on Apple to open up features to rival firms
CHANGING DYNAMICS OF WEARABLES INDUSTRY
Bollywood's investments in startups decrease sharply to $3.6 mn in 2024
INVESTMENTS BY BOLLYWOOD celebrities in startups came down sharply in the current calendar year to $3.6 million against $28.5 million last year, data shared by Tracxn showed.
Apple concedes smartwatch market leadership to Huawei
CHANGING DYNAMICS OF WEARABLES INDUSTRY
EU escalates pressure on Apple to open up features to rival firms
The EU’s European Commission has pressed Apple Inc. to further open up the iPhone operating system to rivals, prompting the company to complain about requests from Meta Platforms Inc. that it says will undermine privacy.
HDFC Securities sees Nifty rising up to 26,482 in a 'difficult' 2025
HDFC Securities expects 2025 to be a challenging year due to high valuations, but forecasts the Nifty 50 index to potentially reach 26,482 points. The brokerage firm also expressed concerns about the market reaction of younger and retail investors who have only experienced positive returns in recent years.
India-Pak ICC matches at neutral venues
THE DEADLOCK OVER the hosting of next year's Champions Trophy finally ended on Thursday when the ICC announced that India will play their matches of the 50-over event at a neutral venue instead of host country Pakistan, which will get a similar arrangement for tournaments to be held in India till 2027.
India's job market poised for 9% growth next year
HIRING ACTIVITIES IN 2025 are likely to witness a 9% growth in the country driven by sectors, including IT, retail, telecommunications and banking, financial services, and insurance (BFSI) sectors, a report said on Thursday.
Digital marketplace integration catalysing growth of MSME
MICRO, SMALL, AND Medium Enterprises (MSMEs) form the backbone of many economies, contributing significantly to employment, GDP, and inclusive growth. In recent years, the integration of these businesses with digital marketplaces has emerged as a transformative force, unlocking unprecedented opportunities for them.
MPs of ruling alliance, Oppn clash, 2 from BJP in hospital
THE WINTER SESSION of Parliament descended into chaos on its penultimate day when MPs of the NDA and the Opposition INDIA bloc, accusing each other of denigrating the name of BR Ambedkar, shoved and jostled with each other at the Makar Dwar, the main entrance to the building, resulting in injuries to two BJP MPs and complaints to police by the BJP and Congress, allegations and counter-allegations and petitions to the Speaker.
Fed's 2025 signal roils D-Street
THE SENSEX HAS lost 3.55%, or 2,915 points, in the last four trading sessions, eroding investment wealth of over ₹10 lakh crore (in three sessions).
