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Alibaba to invest over 100bn yuan on smart logistics

Beijing, June 1 (IANS) Chinese e-commerce giant Alibaba Group on Friday announced that it will invest over 100 billion yuan to build a smart logistics network, aimed at improving the company’s efficiency and delivery reach…





Ashok Leyland logs sales growth in May

Chennai, June 1 (IANS) Commercial vehicles major Ashok Leyland Ltd on Friday said it closed last month selling 13,659 vehicles. In a statement issued here, the company said this was up from 9,075 units sold…



April GST collections cross Rs 94K cr

New Delhi, June 1 (IANS) Revenue collection under the Goods and Services Tax (GST) in April crossed Rs 94,000 crore and was higher than the average monthly collection of Rs 89,885 crore during 2017-18, the…










Key Indian equity indices open in green

Mumbai, June 1 (IANS) The key Indian equity market indices on Friday opened higher after the official data showed that India’s GDP for the March quarter grew at 7.7 per cent, while for the full…




Mistry refutes charges over AirAsia India woes

Mumbai, June 1 (IANS) Former Tata Sons Chairman Cyrus Mistry on Thursday denied “malicious and defamatory allegations” levelled against him over AirAsia India woes. “It is well documented that R. Venkataraman was intimately involved in…