Speaking at the National Conference on Economics of Competition Law...
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AI has potential to enable collusion; regulators need to adopt forward-looking approach: CCI chief
Ravneet Kaur, chairman, Competition Commission of India "Today's...
At least 33 dead as tornadoes ravage central US
"Numerous significant tornadoes, some of which may be long-track...
Lloyd’s creates ‘Product Launchpad’ to replace the ‘Product Innovation Facility’
The rebrand has been supported by the twenty-five members of the initiative from the Lloyd’s market. With a capacity of £150m, several success stories have emerged, for example: a parametric business interruption product for cloud outages, launched by Parametrix in...
MF disclaimers should flow at same speed as rest of ad: Goyal
Piyush Goyal,Minister of Commerce and Industry and Minister of Consumer Affairs Union Minister Piyush Goyal said financial products have to pass through the prism of trust, transparency and accountability, and asked stock exchanges to be cognizant of the same to...
Explainer:How Tesla weathered global supply chain issues that knocked rivals
"We're designing and building so much more of the car than other OEMs (original equipment manufacturers) who will largely go to the traditional supply base and like I call it, catalog engineering. So it is not very adventurous," Musk said Tesla Inc's ability to design...
SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI
SIBs are perceived as banks that are 'too big to fail (TBTF)'. This perception of TBTF creates an expectation of government support for these banks in times of distress. Due to this perception, these lenders enjoy certain advantages in the funding markets. Mumbai: The...
Devas case: AAI taking legal recourse against Canadian court’s order to seize USD 30 million
In a statement on Monday, a spokesperson of Devas Multimedia said an amount of over USD 30 million, which was held by global airlines body IATA on behalf of the AAI, has been seized by Devas Multimedia's shareholders following a Canadian court order New Delhi: The...
Investors want $2.5 bln in class action over Bayer’s Monsanto deal
The law firm said that as of Dec. 30, the sum covered lawsuits from about 320 investors, both institutional and retail, that had been filed with the district court in Cologne. This represents a significant jump from the 250-plus investors demanding damages of more...
Billionaires are embracing crypto in case money ‘goes to hell’
These days, the Hungarian-born billionaire is well versed in cryptospeak. Peterffy, worth $25 billion, said it’s prudent to have 2 per cent to 3 per cent of one’s personal wealth in cryptocurrencies, just in case fiat currency goes to “hell.” Even as prices swung...
WhatsApp, Google and Facebook ban Indian bad accounts in November 2021
"In accordance with the IT Rules 2021, we've published our sixth monthly report for the month of November. This user-safety report contains details of the user complaints received and the corresponding action taken by WhatsApp, as well as WhatsApp's own preventive...
Five things to look for in Asia stocks amid 2022 reversal hopes
I After a two-year frenzy, retail investor participation and new account openings in places like South Korea and India are showing signs of fatigue. That could reduce volatility and crowded trades in markets in 2022, allowing for more participation by...
CCI orders probe against Apple’s alleged unfair business practices
The order from the CCI comes after a non-profit group alleged this year that Apple was abusing its dominant position in the apps market by forcing developers to use its proprietary in-app purchase system New Delhi: The Competition Commission of India (CCI) on Friday...