JD PROFIT

Rahul Gandhi demands JPC probe into ₹30 lakh crore stock scam involving PM Modi and Amit Shah giving investment advice. The scam led to a massive stock market crash on election result day, causing losses to investors.

Alibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The demand for discounts affects revenue and profit margins, posing challenges for selling premium products.

The company has seen challenges in China's rapidly changing ecommerce landscape, with the joining of livestream players and short video social networking service providers such as Douyin, which is China's TikTok, and Xiaohongshu.

H&M, whose biggest rival is Zara owner Inditex, said September sales would fall by 10% year-on-year measured in local currencies. That compares with Inditex reporting a 14% rise in sales between Aug. 1 and Sept. 11.

The company also said it had this month returned to JD.com, one of China's biggest e-commerce marketplaces, after a prolonged absence due to criticism over its stance on alleged human rights abuses in China's Xinjiang region.

The US fund exits online retailer with a 4% stake sale to Walmart in final deal of phased selloff.

When tech giant Apple joined China's livestreaming frenzy, a major driving force of the e-commerce boom in the world's second biggest economy, it launched without deep discounts or a celebrity host to pull millions of viewers.

Xu Lei, who has officially been CEO for a year, said on a call with analysts after the company reported first quarter earnings that he had resigned to spend more time with his family.

Revenue rose 7.1% to 295.4 billion yuan in the three months ended December, missing analysts' estimates of 296.17 billion yuan, according to Refinitiv data.

The Dow Jones Industrial Average fell 80.29 points, or 0.23%, at the open to 34,222.32

The Competition and Markets Authority has fined many firms like Elite Sports, JD Sports and Rangers for trying to fix the prices of several Rangers FC merchandise. The total fine imposed by the CMA has been estimated at over £2 million.

Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially large sale of its Meituan stake

For the quarter ended Sept. 30, Alibaba earned 11.20 yuan per share on an adjusted basis, missing an average estimate of 12.36 yuan. Revenue climbed 29%, the smallest rise in six quarters, to 200.7 billion yuan ($31.4 billion).

Just Dial has called for a board meeting on Friday July 16 to “evaluate” fund raising proposals. A formal announcement is expected today.

However, BJP ally JD-U's Rajiv Ranjan Singh strongly refuted the charge and commended Prime Minister Narendra Modi for controlling the pandemic.

Chinese regulators, including the central bank, plan to instruct internet platforms to feed their vast loan data to some of the nationwide credit agencies.

Sales from Alibaba's core commerce business jumped 34% to 133.32 billion yuan ($19.27 billion) in the first quarter ended June.

Just Dial Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 2376.99 Crore) operating in Services sector.

Alibaba's overall revenue rose to 114.31 billion yuan ($16.02 billion) in the quarter ended March 31 from about 93.50 billion yuan a year earlier.