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BANGALORE: Chinese e-commerce giant Alibaba Group Holding Ltd and its Indian associate Paytm E-commerce Pvt Ltd are in talks to invest about US$200mil for a stake of roughly 20% in India’s leading online grocer, Bigbasket, according to a person with direct knowledge of the negotiations.
AUCKLAND: The High Court of New Zealand has granted permission for the Low family to change trustees, according to the court ruling on Friday, says Bloomberg.
PETALING JAYA: Relatives of the controversial Jho Low, allegedly linked to the 1Malaysia Bhd (1MDB) scandal, have requested to oppose the seizure of assets worth US$230mil alleged by the United States Department of Justice (DoJ) to be proceeds of crime.
DAVOS, Switzerland: Companies could unlock at least US$12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few key development goals, according to a study by a group including global business and finance leaders.