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New Delhi: A protracted conflict in the Middle East could push Bangladesh's inflation higher, widen the current‑account deficit, weaker exports, lower remittances and reduce fiscal space as energy subsidies rise, a new report has said. The latest Bangladesh Development Update projects growth to slow to 3.9 per cent in FY26, World Bank said. Bangladesh's economy also faces rising poverty, persistent inflation, stressed banking sector, weak revenue mobilization, and subdued private investment, c ...Read More >
Chennai: The WTO's 14th Ministerial Conference (MC14) held in Cameroon ended without agreement on key issues, including e-commerce moratorium and expiry of safeguard against non-violation complaints against intellectual property policies. With no agreement, the e-commerce moratorium lapsed for the first time in 26 years, opening the door for countries to impose customs duties on digital transmissions. MC14 was one of the most inconclusive ministerial conferences in recent years. Despite WTO rem ...Read More >
New Delhi, Mar 30 (PTI) Morpheus Research on Monday released a report accusing travel booking platform MakeMyTrip of indulging in "anti-competitive practices" despite a significant penalty order from the Competition Commission of India (CCI) in 2022 directing the company to stop such practices. According to the report, Morpheus Research, an activist short-seller, which disclosed a short position in the company, alleged that MakeMyTrip continues to enforce price parity arrangements with hotel pa ...Read More >
Flipkart and Amazon India have been under ED scrutiny for alleged breach of FEMA provisions. The Enforcement Directorate (ED) is learnt to have offered the option of closing a FEMA violation case against e-commerce major Flipkart if the Walmart group firm admits its mistake and pays a penalty, sources aware of the development said. The option was given by the Enforcement Directorate to Flipkart last week under the compounding rules of FEMA (Foreign Exchange Management Act). "ED has given the ...Read More >
New Delhi: Harvard University economist Kenneth Rogoff on Wednesday said the high tariffs on several countries, including India, and the steep H-1B visa fee hike imposed by the Trump administration will hold back the US economic growth. US President Donald Trump's decision to increase the application fee for H-1B visas is expected to impact Indian nationals, who accounted for almost 70 per cent of all such visas issued in the last few years. "The new visa rules were done in a very haphazard ma ...Read More >
NEW DELHI: India's government has drafted a proposal to ease foreign investment rules to allow e-commerce companies such as Amazon to buy products directly from Indian sellers and then sell them to overseas customers, a document showed. India prohibits foreign e-commerce companies from selling goods directly to consumers at home or abroad, allowing them only to operate a marketplace to connect buyers and sellers for a fee. The policy has been a matter of dispute between New Delhi and Washingto ...Read More >
NEW DELHI, Sept 16 (Reuters) - India's antitrust inspectors have conducted surprise raids at steel pipe makers Jindal SAW (JIND.NS), opens new tab and Maharashtra Seamless (MHSM.NS), opens new tab in an alleged case of bid rigging, two people with direct knowledge of the matter said on Tuesday. The raids were conducted at offices of Jindal SAW and Maharashtra Seamless in and around New Delhi on Monday, and the search operation has now concluded, the two sources said. Reuters is first to report ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government ...Read More >
(RTTNews) - Indian shares look set to open on a flat note on Tuesday despite mostly positive cues from global markets. Tariff worries may keep investors on edge after Peter Navarro, Donald Trump's trade adviser, on Monday stepped up his attack on India for its trade policies and oil purchases from Russia. Benchmark indexes Sensex and Nifty ended down around 0.2 percent each on Monday due to profit taking after recent gains. While the Sensex snapped a five-day winning streak, the Nifty index s ...Read More >
Sept 12 (Reuters) - The Nasdaq notched a record high close on Friday in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve's policy meeting next week, when it is widely expected to cut interest rates to counter a slowdown in the jobs market. Fueled by Tesla and other technology-related stocks, the Nasdaq added to a rally in the previous session that saw all three indexes hit all-time highs. Investors are laser-focused on the Fed's meeting on Tuesday a ...Read More >
New Delhi, Sep 12 (PTI) Association of Healthcare Providers - India (AHPI) on Friday issued a formal communication to Star Health Insurance listing the persistent issues faced by member hospitals and warned suspension of cashless services by them. The association, representing over 15,000 hospitals and healthcare institutions across the country, said this decision follows repeated complaints from member hospitals regarding Star Health Insurance's questionable practices. These include coercive ...Read More >
NEW DELHI, Aug 14 (Reuters) - Publicis has sued India's antitrust watchdog for denying access to case files in a high-profile price-fixing investigation of ad agencies, after the French group failed to get the probe stalled until it could review the documents, court filings show. The Competition Commission of India (CCI) shook India's near-$30 billion media and entertainment sector in March with dawn raids at WPP's (WPP.L), opens new tab GroupM, Dentsu (4324.T), opens new tab, Publicis (PUBP.PA ...Read More >
Gurugram : JSW MG Motor India today announced that India's best-selling EV, the MG Windsor, has achieved another remarkable milestone. In July, the company set a new record for Windsor sales, selling 4,308 units in a single month. The carmaker has sold nearly 36,000 units of the MG Windsor since its launch. The robust sales performance has helped the company expand its market share in the EV Segment. In Q2 CY'25, the company recorded a 4% increase in market share, rising to 32% from 28% in Q1 C ...Read More >
NEW DELHI - Top India executives of FedEx, UPS, Aramex and DHL are set to be cross-examined in coming weeks by a book publishers' group which accused them of price collusion, a new twist in an antitrust probe that cleared the courier companies of wrongdoing last year, a document shows. Allowing a complainant to interrogate companies is not common in Indian antitrust cases. It means the final findings of the antitrust investigation could change and create new challenges for the courier majors, a ...Read More >
New Delhi, Aug 3: Google on Sunday said it is reviewing the Competition Commission of India (CCI) orders into its conduct in the online display advertising market. The trade regulator ordered a thorough probe over a complaint filed by the Alliance of Digital India Foundation (ADIF). The CCI said it has decided to club the complaint with ongoing investigations in similar cases and directed the Director General (DG) to carry out a consolidated probe into Google's conduct in the AdTech ecosystem. ...Read More >
Bengaluru: Real-money gaming platform WinZO has raised concerns over Google's plea to the Competition Commission of India (CCI), arguing that it does not adequately address the anti-competitive issues flagged in an ongoing investigation. The case originates from WinZO's 2022 complaint alleging that Google abused its dominant position by restricting Play Store access to only fantasy sports and rummy apps while excluding other real-money gaming categories. With Google controlling 96% of India's ap ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent mu ...Read More >
Bengaluru: In an exclusive interview with TOI, WNS Group CEO Keshav Murugesh discusses how Capgemini's acquisition of WNS is a move to prepare for a future that requires combining business process understanding with new-age technologies, allowing outsourcers to address a far larger portion of clients' businesses.How do you see the synergies playing out in this deal, especially with all the changes AI is bringing to the tech space?Both companies are approaching this from a long-term perspective. ...Read More >
New Delhi: The Competition Commission of India (CCI) has directed Aditya Birla Group company UltraTech, owner of southern India-based India Cements, along with Dalmia Cement (Bharat) Limited (DCBL) and Shree Digvijay Cement and their executives to submit audited financial statements, including balance sheet and profit and loss account, within eight weeks of the order. The competition watchdog's direction came over a complaint filed by ONGC alleging cartelisation in its tenders. Following the co ...Read More >
Mumbai, July 5 (SocialNews.XYZ) UltraTech Cement Ltd. on Saturday denied being investigated by the antitrust regulator Competition Commission of India (CCI) for alleged contravention of competition norms. In a stock exchange filing, the Aditya Birla Group company called such media reports "false and misleading" and clarified that it is not under investigation in a case from 2020. "The company has neither received any order from the CCI in this case nor have the company's financials been sought ...Read More >
New Delhi, July 5: Google is reportedly under scrutiny in the European Union (EU) over its AI Overviews feature, leading to an antitrust complaint. The feature is used to simplify search by providing detailed summaries in response to complex queries. Google said, "Rather than breaking your question into multiple searches, you can ask your most complex questions, with all the nuances and caveats you have in mind, all in one go." Google AI Overviews feature is powered by Google's Gemini model's m ...Read More >
Mumbai, July 4 (SocialNews.XYZ) Anoop Khatry, Chief Legal Officer of UltraTech Cement Limited, has resigned from his position citing personal reasons, the company informed in an exchange filing on Friday. The same has been accepted with effect from the close of business on July 3, 2025, according to the company. "We hereby inform you that Mr Anoop Khatry, Chief Legal Officer, has tendered his resignation from the services of the Company with effect from close of business hours on 3rd July, 202 ...Read More >
New Delhi: The Competition Commission of India (CCI) on Tuesday directed an investigation into Asian Paints for the latter's alleged abuse of its dominant market position. The regulator's move follows a complaint by Grasim Industries (Birla Paints Division) accusing Asian Paints of engaging in anti-competitive practices to stifle its growth in the decorative paints segment . Grasim has alleged that Asian Paints is offering extra discounts and incentives to dealers in exchange for exclusive tie ...Read More >
July 1 (Reuters) - India's antitrust body on Tuesday ordered an investigation into Asian Paints (ASPN.NS), opens new tab after Aditya Birla Group's paints venture alleged that the country's top paint maker abused its dominant market position, according to an order. The Competition Commission of India's (CCI) initial review showed Asian Paints had breached competition laws, the order showed. Birla has alleged that Asian Paints was abusing its dominant market position by offering discounts and i ...Read More >
The Competition Commission of India (CCI) has urged the Supreme Court to transfer 24 writ petitions related to alleged anti-competitive practices by Amazon and Flipkart to a single High Court, preferably Delhi High Court, to expedite hearings and avoid conflicting rulings. The Supreme Court has agreed to list the matter early, with a likely hearing on Friday.The Competition Commission of India (CCI) on Thursday urged the Supreme Court to transfer a batch of 24 writ petitions pertaining to allege ...Read More >
NEW DELHI, India: India's antitrust body has asked the Supreme Court to hear legal challenges to an investigation of Amazon and Walmart's Flipkart e-commerce platforms. The body says those challenges, filed by Samsung, Vivo, and others at Indian high courts, aim to scuttle the probe. On December 3, the Competition Commission of India (CCI) asked the court to consolidate 23 lawsuits filed by Samsung, Vivo, and several Amazon and Flipkart vendors to speed up the resolution of an ongoing investig ...Read More >
NEW DELHI (Reuters) -- Samsung has accused India's competition watchdog of unlawfully detaining its employees and seizing data in a raid carried out in connection with an antitrust investigation on Amazon and Walmart's Flipkart, a legal filing shows. Samsung is embroiled in the Competition Commission of India's (CCI) investigation that in August concluded that the South Korean giant and other smartphone companies broke antitrust laws by colluding with Amazon and Flipkart to exclusively launch p ...Read More >
(Reuters) -Wall Street's main indexes edged lower on Tuesday as investors anxiously awaited key inflation reports that could influence the Federal Reserve's interest rate decision next week. Among the S&P 500's 11 major industry sectors, communication services, up 2.5%, was the biggest gainer with a strong boost from Google-parent Alphabet, whose shares rose 5.3% after it unveiled a new-generation chip. The weakest sectors were rate-sensitive real estate, down 1.4%, and technology, down 1%. Te ...Read More >
NEW DELHI : Amazon is taking the fight to India's quick commerce startups. Starting this December, the e-commerce giant will roll out 15-minute delivery in Bengaluru, targeting top-selling items like groceries and daily essentials. The move marks Amazon's response to growing competition from ultra-fast delivery players, a segment reshaping consumer expectations in India. Read this | CCI enlists attorney general R Venkataramani to clear path for Amazon, Flipkart antitrust probes "On the speed ...Read More >
Canada's Competition Bureau has filed a landmark lawsuit against Google, alleging the tech giant systematically manipulated the online advertising market to maintain its dominant position, potentially forcing the company to divest two of its key advertising technology tools. The move comes just days after US President-elect Donald Trump announced that he plans on imposing tariffs on Canada, in addition to China and Mexico. The antitrust watchdog accused Google of abusing its market power throu ...Read More >
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