The Chinese e-commerce giant on Tuesday announced the biggest rejig in its history, which will see it split into six independent units; the news comes after founder Jack Ma returned home
Chinese tech giant will reorganize its businesses into six independently run entities to shorten its decision-making processes, CEO Daniel Zhang said this week
Many Russian banks have been blocked from the SWIFT network due to Western sanctions over Moscow's invasion of Ukraine
Last July, the RBI introduced a new mechanism to settle international trade in rupees, aiming to promote exports and facilitate imports
Binance has earlier faced challenges in Singapore, where several crypto exchanges have received central bank approval to offer payment services
"This will enable people from both the countries to immediately and at low-cost transfer funds (by) just using their mobile phones," Indian Prime Minister Narendra Modi said
Amazon is talks with Times Internet on the possibility of buying MX Player, one of India's largest on-demand video streaming services, new report says
Chinese tech giant's sell-out comes days after Paytm posted its first-ever quarterly operating profit. Meanwhile, Morgan Stanley Asia bought 5 million Paytm shares in trading on Friday
Tech giants like Alibaba have long been involved in financial services and some also do cloud computing to run services for banks. Boundaries on their work are blurring, the BIS says
The Paris Club of creditor nations is ready to provide financing assurances for Sri Lanka, which needs the backing for a $2.9 billion bailout by the International Monetary Fund, sources say
Local government bodies accumulated an estimated $18 trillion of debt last year, according to CNN, which said the problem is so bad some cities have cut basic services and are at risk of default
Thousands of Indian IT workers in the US who lost their jobs in mass layoffs by tech giants in recent months are hunting new jobs in a desperate bid to say in the country