Chinese ecomm giant Alibaba posts sales of over $30 bn during 24-hour retail frenzy; Arun Jaitley lashes out at critics, says GST monumental reform, hit growth for only 2 quarters; Asian Development Bank grants EESL $13 mn to promote efficient energy usage in the country; Tech Mahindra sees global 5G rollouts as a huge opportunity to achieve growth. Watch more in this episode of Business Wrap.

Chinese ecomm giant Alibaba posts sales of over $30 bn during 24-hour retail frenzyChinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day, but the event's annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in t...

Sony India said that the company ran out of the 55-inch TV stock even before Dhanteras.

\"On the telecom side, our visibility is that it will show a gradual growth from now on, the trajectory is right, and we should be able to sustain it,\" chief executive and managing director C P Gurnani told

The state electricity regulatory commissions will fix tariffs for electricity supply from distribution companies to the charging stations at a ceiling of 15% over the average cost of supply

12 agreements worth 200 million euro have been signed between French and Indian firms and these had the potential to create 3,000 jobs in Maharashtra.

SEBI orders Sahara Group to refund Rs 14,000 crore to investorsIn a major setback to Subrata Roy, SEBI has found that another Sahara group firm has raised over Rs 14,000 crore in violation of legal norms and has issued a fresh order on Wednesday to the company and its directors to refund the money to investors with 15 percent annual interest. The order relates to collecting funds between 1998 and 2009 from nearly 2 crore investors through through optionally fully convertible debentures (OFCD)...

The automotive industry has been witnessing subdued retail sales for passenger vehicles segment in recent months because of low consumer buying sentiment.