Alibaba lays off nearly 10,000 employees in 3 months: Report

Chinese e-commerce giant Alibaba Group Holding Ltd. has fired around 10,000 employees in three months, various media reported.These layoffs come after Alibaba reported a 50 per cent drop in net income in June. These are an effort to cut expenses amid sluggish sales and a slowing economy in the country.

Spencer’s Retail Q1 net loss widens to Rs 33.63 cr

RP-Sanjiv Goenka Group arm Spencer’s Retail Ltd on Thursday said its consolidated net loss widened to Rs 33.63 crore for the first quarter ended June 30. The company had posted a net loss of Rs 23.55 crore in the April-June period a year ago, Spencer’s Retail said in a regulatory filing.

Kiwis beats Windies by 13 runs in T20 game

A solid innings of 47 by returning captain Kane Williamson and a dashing 33 from 15 balls by Jimmy Neesham propelled New Zealand to a 13-run win over the West Indies