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Regulatory reports expose Samsung and Xiaomi’s collusion with Amazon and Flipkart, breaching antitrust laws and harming competition in India.

Regulatory reports expose Samsung and Xiaomi’s collusion with Amazon and Flipkart, breaching antitrust laws and harming competition in India.

Recent investigations by India’s Competition Commission have found that major smartphone brands like Samsung and Xiaomi colluded with Amazon and Flipkart to break antitrust laws. Reports indicate that these companies engaged in exclusive product launches and prioritized selected sellers, harming competition and local retailers. Both Amazon and Flipkart allegedly favored preferred sellers, offering them discounts ...

Market News

India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.

India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.

India has increased import taxes on crude and refined edible oils by 20 percentage points to support local farmers facing low oilseed prices. This decision raises the total import duty on palm oil, soyoil, and sunflower oil to 27.5%, significantly impacting the prices of these oils and potentially reducing demand from overseas. The new duties ...

Market News

Mamata’s ‘Didi’ Debacle: Promises and Protests as Junior Doctors Demand Justice in West Bengal’s Healthcare Crisis

West Bengal Chief Minister Mamata Banerjee made an unexpected visit to junior doctors protesting outside the Swasthya Bhawan in Salt Lake, showing her support during their difficult time. She personally addressed their concerns, promising to investigate their demands and ensure action against any wrongdoing. Banerjee highlighted her worries for the medical staff actively protesting in ...

Market News

Amid escalating tensions, the Houthis threaten maritime safety, targeting vessels and igniting fears of an environmental disaster in the Red Sea.

Amid escalating tensions, the Houthis threaten maritime safety, targeting vessels and igniting fears of an environmental disaster in the Red Sea.

A European Union naval mission is working to salvage the Greek-flagged oil tanker Sounion, which has been burning in the Red Sea following attacks by Yemen’s Houthi rebels. The mission aims to create a secure environment for tugboats to assist with the towing operation. Since August 21, the Houthis have targeted over 80 vessels, leading ...

Market News

Tensions escalate in Bangladesh as thousands protest for minority rights following the ousting of Prime Minister Sheikh Hasina.

Tensions escalate in Bangladesh as thousands protest for minority rights following the ousting of Prime Minister Sheikh Hasina.

Thousands of Hindus protested in Dhaka and Chattogram, Bangladesh, demanding justice for attacks on their community since the ousting of former Prime Minister Sheikh Hasina on August 5. The demonstrators called for a fast-track tribunal to address violence against minorities and advocated for a dedicated ministry to focus on minority affairs. They expressed their frustration ...

Market News

Yogi Adityanath Unveils New Jobs: A Swift Fix for Bureaucracy or Just a Tech-Savvy Mirage?

Uttar Pradesh Chief Minister Yogi Adityanath has unveiled new job opportunities in the Revenue Department, including positions like Accountant, Revenue Inspector, and Naib Tehsildar, along with urgent recruitment for clerical roles. In a recent meeting, he emphasized the importance of promoting existing employees and deploying technology to enhance efficiency within the department. Proposed improvements include ...

Market News

LG Electronics plans a .5 billion IPO for its Indian unit, aiming to boost revenue and capitalize on India’s growth potential.

LG Electronics plans a $1.5 billion IPO for its Indian unit, aiming to boost revenue and capitalize on India’s growth potential.

LG Electronics is planning a potential initial public offering (IPO) for its Indian business, aiming to raise between $1 billion and $1.5 billion. This move could value LG Electronics India Pvt Ltd at around $13 billion. The company has selected major banks like Bank of America, Citigroup, JPMorgan Chase, and Morgan Stanley to manage the ...

Market News

Is Hindi the Superhero of Indian Languages? Amit Shah’s Diwas Message Sparks Unity Amidst Linguistic Rivalry!

On Hindi Diwas, Union Home Minister Amit Shah emphasized that Hindi and other Indian languages are not in competition but rather complement each other. He highlighted that the spirit of communication among citizens in various Indian languages fosters unity. This year marks the 75th anniversary of Hindi being adopted as the official language in India, ...

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