Alibaba Singles' Day sales hit $23 bn in first nine hours : Bulletin: Business Today
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Alibaba Singles' Day sales hit $23 bn in first nine hours

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November 11, 2019

US court retains work permits for H-1B visa holders' spouses
In a temporary respite to Indians living in America, the proposed work ban on spouses and relatives of H-1B visa holders will not be enforced for the time being. A US court has refuse to reverse, for now, a 2015 rule issued by former (US) President Barack Obama that permits spouses of H-1B visa holders to work in America.

Saudi Aramco IPO to begin on Nov 17; prospectus flags terrorism, antitrust law as risks
Saudi state oil giant Aramco will sell 0.5% of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday. The more than 600-page prospectus did not include details of how much of the company would be floated in total or of any commitments from anchor investors.Sources have said the company could sell 1%-2% on the Saudi stock market in what could be the world's largest listing.

Demonetisation 3rd anniversary: Currency in circulation jumps 20.14% to Rs 21.6 lakh cr
The currency in circulation has jumped a whopping 20.14 per cent to scale Rs 21.59 lakh crore, show the latest Reserve Bank data, which was the third anniversary of the controversial note-ban. Reducing the cash dependency in the economy  was one of the stated motives of the decision to cancel as much as 87.6 percent of the currency in circulation on November 8, 2016. The RBI data on Friday showed the currency with the public grew 15.2 per cent to Rs 21.59 lakh crore as of the fortnight to October 25, as against Rs 17.97 lakh crore on November 4, 2016.

Alibaba Singles' Day sales hit $23 bn in first nine hours
Chinese e-commerce giant Alibaba Group Holding Inc (BABA.N) on Monday said sales for its annual Singles' Day shopping blitz hit 158.31 billion yuan ($22.63 billion) in its first nine hours, up 25% from 126.72 billion yuan at the same point last year. Akin to Black Friday and Cyber Monday in the United States, Singles' Day has been promoted as a shopping fest by Alibaba Chairman and Chief Executive Daniel Zhang since 2009, growing rapidly to become the world's biggest online sales event.

WEF 2020: Anand Mahindra, Deepika Padukone and other eminent personalities to attend Davos event
Over 100 Indian CEOs, several political leaders and select Bollywood stars including Deepika Padukone will be in the Swiss ski resort town of Davos in January for the 50th anniversary of the WEF Annual Meeting to discuss what requires to make it a 'cohesive and sustainable world'. The annual jamboree of the rich and powerful from across the world is expected to be even a bigger affair this time because it would be its 50th anniversary and there are indications that several top global leaders might be present.

Ex-chief election commissioner, legendary poll reformer TN Seshan passes away at 86
Former chief election commissioner TN Seshan, who ruthlessly enforced the model code of conduct and led the game-changing electoral reforms in the 1990s, died here on Sunday following a cardiac arrest. Known for his no-nonsense attitude, Seshan was credited with ushering in major electoral reforms during his tenure as the 10th CEC between December 12, 1990, and December 11, 1996.
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