Competition Commission of India Finds Zomato, Swiggy Breached Antitrust Laws, Documents Show
An investigation by India’s antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents show. Zomato entered into “exclusivity contracts” with partners in return for lower commissions, while Swiggy guaranteed business growth to certain players if they listed exclusively on […]
Competition Commission of India Finds Zomato, Swiggy Breached Antitrust Laws, Documents Show
An investigation by India’s antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents show. Zomato entered into “exclusivity contracts” with partners in return for lower commissions, while Swiggy guaranteed business growth to certain players if they listed exclusively on […]
Trump victory expected to boost Musk’s Mars dream
Tesla CEO and X owner Elon Musk speaks as US President-elect Donald Trump looks on during a rally at the site of July assassination attempt against Trump, in Butler, Pennsylvania, US, October 5, 2024. — Reuters Elon Musk’s dream of transporting humans to Mars will become a bigger national priority under the administration of US […]
China unveils $1.4tr local debt package but no direct stimulus
A building housing the PricewaterhouseCoopers (PWC) branch office stands behind a Chinese national flag in Beijing January 24, 2014. — Reuters BEIJING: China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald […]
Eyeing reset in ties, Erdogan invites Trump to visit Turkiye
Turkiye’s President Tayyip Erdogan shakes hands with US President-elect Donald Trump during their bilateral meeting on the sidelines of the G20 leaders summit in Osaka, Japan, June 29, 2019. — Reuters ANKARA: President Tayyip Erdogan sought to reset Turkiye’s strained ties with the United States by inviting President-elect Donald Trump to visit, and said Trump […]
Athiya Shetty-KL Rahul announce their pregnancy
Athiya Shetty and KL Rahul Over 1.5 years after their wedding, Indian cricketer KL Rahul and his wife Athiya Shetty surprised their fans and well-wishers by announcing their pregnancy. The celebrity couple took to social media where they posted a special picture with the text “Our beautiful blessing is coming soon. 2025.” In just a […]
India's forex reserves decline for fifth week, possibly due to RBI selling
India’s forex reserves decline for fifth week (Picture credit: ANI) NEW DELHI: India’s foreign exchange reserves fell for the fifth consecutive week after reaching an all-time high last month.In the week ending November 1, forex reserves declined by $2.675 billion to $682.130 billion, according to data released by the Reserve Bank of India (RBI) on […]
Appointment of ABVP State leader to MSU’s syndicate stirs controversy
The BJP-RSS combine and Sangh Parivar have consistently stirred controversy through their efforts to “reform” India’s education system, which they claim bears “Leftist” and “Western” influences. RSS Chief Mohan Bhagwat repeatedly stressed on the “need” to transform education to reflect “Bharatiya” (Indian) values, which he claims current curricula, shaped by “foreign” ideologies, lack. Evidently, the […]