Landmark Financial News

ecommerce platforms Tmall and Taobao recorded «positive» year-on-year growth over this year's Singles Day sales period, which wrapped up at midnight on Saturday. Meanwhile, competitor JD.com said its festival GMV (gross merchandising volume) hit a «record high» over the sales period. Originally a 24-hour online shopping event held on Nov. 11 each year in China, the 'Singles Day' festival — a nod to the digits in the date — has expanded into weeks of promotions across the country's major ecommerce platforms and in brick-and-mortar stores.

Alibaba Group reported that its Chinese e-commerce platforms Tmall and Taobao recorded «positive» year-on-year growth over this year's Singles Day sales period, which wrapped up at midnight on Saturday. Meanwhile competitor JD.com said its festival GMV (gross merchandising volume) hit a «record high» over the sales period.

The driving force behind a landmark report into the culture of EY says leaders should not be promoted further if they cannot manage and develop staff – even if they perform well financially for the firm.

U.S. Securities and Exchange Commission Chair Gary Gensler indicated a potential reboot of FTX during DC Fintech Week on Wednesday, prompting FTX’s digital token, FTT, to rally. 

Apple Inc. risks having to pay a €13 billion ($14 billion) tax bill to Ireland after an adviser to the European Union’s top court said the iPhone maker’s victory in an earlier challenge should be thrown out.

Royal Philips, the Dutch health technology company on Thursday announced the launch of its new innovation campus in Yelahanka, Bengaluru. The 650,000 square feet campus will accommodate over 5,000 professionals working on innovative health technologies aimed at improving patient experiences, achieving better health outcomes, improving staff experiences, and lowering the cost of care. With approximately 9,000 employees across India, Phillips has established a strong presence in the country with Healthcare Innovation Center in Pune, Global Business Services in Chennai, and commercial teams in Gurgaon. The new center in Bengaluru not only signifies a landmark in Philips' global footprint but will also play a pivotal role in revolutionizing the healthcare landscape in India and beyond, the company said. “This new campus is a testimony of our commitment to further building our capabilities in India and leveraging the same for customers globally,” Roy Jakobs, CEO Royal Philips. “In India, we not only want to speed up access to care but also locally develop and contribute to solutions for the rest of the world,” Jakobs added. Philips is trying to leverage India's deep-rooted expertise in healthcare innovation and informatics.

A push by Facebook and Instagram into video has caused a “significant increase” in their use of video content produced by publishers which should be factored in when renegotiating multi-million dollar deals under the news media bargaining code, Nine Entertainment’s chief executive says.

luxury auto dealer Landmark Cars reported a 20.55% rise in quarterly profit, helped by lower expenses even as demand slowed. Consolidated net profit rose to 201.6 million rupees ($2.42 million) for the quarter ended Sept.

Cogwise ($COGW) is a new cryptocurrency presale empowering users to make better trading decisions – it is currently undergoing an immensely successful presale after raising $800,000 so far.

Last month, Australians were allowed their say on a constitutional amendment that proposed giving Indigenous groups a new lever of control over the country’s federal institutions. Called “The Voice,” it would have empowered a native assembly to make representations directly to parliament to promote Indigenous political objectives.

The big ones to watch out for will be United Spirits, Lupin, Oil India, Mazagon Dock Shipbuilders, Bharat Heavy Electricals, Pidilite Industries, Tata Power Co, and Patanjali Foods. The other names include Phoenix Mills, Nazara Technologies, Endurance Technologies, New India Assurance, Godrej Industries, Bata India, MCX, Raymond, Welspun Corp, Easy Trip Planners, Medplus Health, Restaurants Brands Asia, and Landmark Cars. Earnings Expectations BHEL The company is expected to have remained in the red during the September quarter, but the losses are likely to narrow sequentially. On a year-on-year basis, estimates show that the electrical equipment maker will post a loss against a profit in the same period last year. Nuvama Institutional Equities has estimated a net loss of Rs 258 crore, compared to a loss of Rs 352 crore in the June quarter, and a profit of Rs 10 crore in the same period last year.

Property developer Paul Franze did not plan to break the rules on Cup day, but when he heard the mercury was going to breach the 30-degree mark, he changed direction.

A pivotal legal case concerning how crypto platforms settle disputes with their users is now headed to the United States Supreme Court.

Trehan Iris, one of India’s leading real estate developers, has recently launched OMEGA – a high-rise office tower. This tower is within “Iris Broadway Greno West”, a 1 million sq. ft. premium retail-led mixed-use development and entertainment destination.

Buy or sell stocks for today: Following strong global market sentiments, Indian stock market ended higher for second straight session on Friday. Nifty 50 index gained 97 points and ended at 19,230 levels, BSE Sensex shot up 282 points and finished at 64,363 mark while Bank Nifty index went up 301 points and closed at 43,318 levels.

Delhi's ongoing struggle with deteriorating air quality, Congress MP Shashi Tharoor took to social media to shed light on the grim situation and humorously critique the government's response. Tharoor shared images of satirical signboards, which have been circulating on WhatsApp, playfully renaming well-known Delhi landmarks to reflect the city's severe air pollution. In his post, Tharoor drew attention to the city's Air Quality Index (AQI), which had surged to 462, nearly 19 times the safe limit prescribed by the World Health Organization (WHO), set at 25. “Not my own creation: this is going around @whatsApp as exasperated Delhiites choke and splutter under an AQI of 462, nearly 19 times the @who safe limit of 25.

The Supreme Court has agreed to decide whether a ban on gun attachments that allow semi-automatic weapons to fire rapidly like machine guns violates federal law

The landmark fraud trial against Sam Bankman-Fried came to a swift end Thursday night as the jury found him guilty on all counts after mere hours of deliberation.

By Martin Coulter and Paul Sandle

KPMG India, KPMG US, and KPMG UK are in talks to merge their advisory practices—consulting, risk, tech consulting, and deal advisory—in an industry-first move to scale up its consulting services, which have been driving the firm’s growth in India, said multiple people with knowledge of the matter. The combined entity will invest aggressively in scaling up the India advisory practice and growing client servicing capabilities in India. Notably, the tax and audit practice—managed through affiliate BSR & Co— will likely remain separate, although this detail is still under discussion.

superb knock against Sri Lanka on Thursday at the Wankhede Stadium to cross the one-thousand-run mark in the 50-over format. However, Kohli fell short of Tendulkar's record of most ODI centuries (49). In his decorated career, Kohli crossed the four-digit mark for the eighth time which came during 2011-14, 2017-19 and 2023.