Bloomberg Alibaba Group Holding Ltd. raised its outlook for full-year revenue growth after reporting sales that beat analysts’ estimates, buoyed by advertisers who spent more to lure shoppers. China’s biggest e-commerce company is now predicting a 49 to 53 percent rise in revenue in the current fiscal year, after acquiring and folding in results from its logistics arm Cainiao. It ...

Bloomberg Hindalco Industries Ltd., controlled by Indian billionaire Kumar Mangalam Birla, reported a drop in second-quarter profit, missing analysts’ estimates, after a one-time loss partly eroded the benefits of a surge in global metals prices. Net income was 3.93 billion rupees ($60 million) in the three months to September 30, from 4.4 billion rupees a year earlier, India’s biggest aluminum ...

Bloomberg SoftBank Group Corp.’s talks to merge US unit Sprint Corp. with T-Mobile US Inc. ended after months of negotiations, dashing investors’ hopes for a wireless megamerger and signalling that unlimited data plans and heavy price discounting among US carriers will continue. SoftBank Chief Executive Officer Masayoshi Son and Tim Hoettges, CEO of T-Mobile parent Deutsche Telekom AG, couldn’t resolve ...