Alibaba also broke its previous record of $25.01 billion just a few hours into the sales and ended up 27 per cent higher than the last year's tally.

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...

The Chinese event was originally a novelty student holiday to celebrate being single, countering Valentines Day.

The Alibaba Singles' Day sale brought in $3 billion within the first five minutes of the sale when transactions for items put on sale are recorded

Apple launch event: New MacBook Air, iPad Pro and iMac Mini launched; Vistara bets on passengers to pick high fares for superior service; China factory activity slows in October amid trade war woes; Delhi air quality nosedives to severe; Authorities ban construction, look to regulate pvt vehicles; more than 55,000 vacancies in paramilitary forces; Rajnath Singh orders immediate hiring. Watch more in this episode of Business Wrap.

Apple launch event: New MacBook Air, iPad Pro and iMac Mini launchedApple Inc unveiled three new hardware offerings at its latest launch event on Tuesday. The event in Brooklyn, New York saw the new iterations of the MacBook Air, the iPad Pro and the iMac Mini being launched. Among today's launches, Apple MacBook Air now gets the Retina Display, slimmer bezels, USB Type-C ports, and even a 3.5mm audio jack. The iPad Pro has also been refreshed with slimmer bezels and reduced footprint, FaceID...

The rupee has fallen over 15% since the beginning of this year on higher current account deficit, soaring crude oil prices and continous foreign investors outflow form the Indian market.

The economy grew 6.5 percent in the third quarter from a year earlier, slower than 6.7 percent in the second quarter, the National Bureau of Statistics said on Friday.