Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., has started preparations with banks for its Hong Kong initial public offering, people familiar with the matter said, paving way to be the first of the Chinese tech firm’s six business units to go public. Banks including China International Capital Corp. and Citigroup […]
Benchmark indices made a stellar recovery on Friday, with the Sensex and Nifty jumping over 1.5% on positive signals by the US Fed and a surge in Adani Group stocks. The jump in Adani stocks followed global equity fund GQG’s cumulative Rs 15,466-crore investment in four group entities via block deals late on Thursday, saying […]
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