BT Magazine exclusive: Reliance-Disney to focus on both television and digital, says Uday Shankar

The joint venture between Reliance Industries and Disney, apart from creating an entertainment behemoth, places it in very strong position on various fronts. In terms of numbers, the transaction values the joint venture at Rs 70,352 crore (around $8.5 billion). In an exclusive interview with Business Today, Uday Shankar, Vice-Chairperson of the joint venture and … Read more

BABA posts 58% profit jump but sales miss

Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world’s second-largest economy hit consumer spending. Alibaba said net income rose 58% year on year to 43.9 billion yuan ($6.07 billion) in the company’s … Read more

US retail sales slightly above expectations in October

WASHINGTON (Reuters) – U.S. retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared to slow at the start of the fourth quarter. Retail sales rose 0.4% last month after an upwardly revised 0.8% advance in September, the Commerce Department’s Census Bureau said on Friday. Economists polled by Reuters … Read more