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Other automakers to challenge Tesla in over-the-air software upgrades

DETROIT, Sept 19 - Electric carmaker Tesla Motors Inc on Friday announced it is rolling out a software upgrade over-the-air to its current Model S owners, a unique ability that other automakers are expected to offer within a few years.

4:04am IST

Netflix tells Canada regulator it shouldn't subsidize 'old media'

TORONTO, Sept 19 - Online video streaming service Netflix Inc told Canada's broadcast regulator on Friday that it opposes paying to support "old media" and its own commercial interests and market dynamics were enough to ensure it distributed Canadian content.

2:54am IST

Telefonica resolves Brazil antitrust issues with GVT deal -sources

BRASILIA, Sept 19 - Spain's Telefonica SA has resolved the antitrust concerns it faced in Brazil by getting rid of its Telecom Italia stake in a deal finalized on Friday to acquire local broadband provider GVT, according to two government sources.

2:03am IST

Deals of the day- Mergers and acquisitions

(Adds Exxon Mobil, Deutsche Bank, Advent International, American Beacon Advisors, Vinci, Lafarge, Chevron and Phones 4U)

1:41am IST

Phones 4U says Vodafone will take 140 of its stores

LONDON, Sept 19 - Phones 4U's administrators PwC said Vodafone UK had agreed to take on 140 of its stores on Friday, saving 887 jobs, while a further 628 staff will be made redundant.

19 Sep 2014
BSE OIL & GAS -1.22%
BSE BANKEX -0.05%
BSE-IT +1.39%
BSE METALS -0.50%
BSE REALTY -0.81%
BSE AUTO -0.70%
BSE POWER -0.40%
BSE-FMCG -0.40%
BSE-CG -1.89%
BSE-HC +0.33%

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Alibaba surges 38 pct on massive demand in market debut

NEW YORK - Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class.