Articles for category: Business

Market News

Amazon and Flipkart face antitrust findings in India for preferential treatment of sellers, igniting a fierce competition debate.

Amazon and Flipkart face antitrust findings in India for preferential treatment of sellers, igniting a fierce competition debate.

An Indian antitrust investigation has concluded that Amazon and Flipkart violated local competition laws by favoring specific sellers on their platforms. The Competition Commission of India (CCI) initiated this probe in 2020, following complaints that these companies promoted select sellers over others. The findings revealed that preferred sellers appeared more prominently in search results, marginalizing ...

Market News

The groundbreaking of Dharavi’s redevelopment promises modern housing and infrastructure, revolutionizing Mumbai’s oldest slum by 2030.

The groundbreaking of Dharavi’s redevelopment promises modern housing and infrastructure, revolutionizing Mumbai’s oldest slum by 2030.

The Dharavi Redevelopment Project Pvt Ltd (DRPPL), a collaboration between the Maharashtra government and the Adani Group, recently held a groundbreaking ceremony for Asia’s largest slum redevelopment. This project aims to transform Dharavi into a modern township within seven years, offering eligible residents a new 350-square-foot home with essential amenities. Ineligible residents will be provided ...

Market News

Corning accelerates growth in India with major investments in mobile tech and life sciences, marking a bullish future.

Corning accelerates growth in India with major investments in mobile tech and life sciences, marking a bullish future.

Corning is optimistic about its growth in India, focusing on mobile consumer electronics and life sciences. Currently, its automotive and optical fiber sectors generate the most revenue. The company, originally known for glass covers for light bulbs, has diversified into various glass technologies. To strengthen its presence, Corning plans to invest over Rs 1,000 crore ...

Market News

Veteran leader Sitaram Yechury, a pragmatic communist, shaped left politics in India before his passing at 72, leaving a profound legacy.

Veteran leader Sitaram Yechury, a pragmatic communist, shaped left politics in India before his passing at 72, leaving a profound legacy.

Sitaram Yechury, a veteran leader of the Communist Party of India (Marxist), passed away at the age of 72 after battling a severe lung infection. Known for his deep understanding of electoral politics, Yechury aimed to modernize the Left movement by fostering alliances to challenge the right-wing Sangh Parivar. A key architect of the United ...

Market News

Airtel partners with Sparkle to enhance global connectivity, acquiring capacity in a submarine cable system linking India and Italy.

Airtel partners with Sparkle to enhance global connectivity, acquiring capacity in a submarine cable system linking India and Italy.

Bharti Airtel has announced a new international partnership to enhance its global network by acquiring extra capacity on the upcoming Blue-Raman Submarine Cable System, which will link India to Italy. The agreement is with Sparkle, a leading Italian telecom provider, and aims to improve low-latency connectivity between Asia and Europe. This partnership will help Airtel ...

Market News

West Bengal’s CM Mamata Banerjee offers to resign for the people’s sake amid protests over the RG Kar doctor’s murder.

West Bengal’s CM Mamata Banerjee offers to resign for the people’s sake amid protests over the RG Kar doctor’s murder.

West Bengal Chief Minister Mamata Banerjee announced her willingness to resign for the sake of the people, expressing frustration over the ongoing tensions surrounding the RG Kar Medical College and Hospital case. During a press conference, she apologized to the public for not resolving the situation, as junior doctors refused to attend a crucial meeting. ...

Market News

Eastman Auto & Power targets ₹10,000 crore turnover by 2025-26, driving growth through solar rooftop solutions and strategic leadership changes.

Eastman Auto & Power targets ₹10,000 crore turnover by 2025-26, driving growth through solar rooftop solutions and strategic leadership changes.

Eastman Auto & Power Ltd, a provider of solar rooftop solutions, aims to reach a turnover of Rs 10,000 crore by 2025-26, significantly up from Rs 3,600 crore in 2023-24. The company plans to expand its renewable energy capacity while continuing to grow its Last Mile E-Mobility Solutions business. To support this ambitious goal, Eastman ...

Market News

Madhabi Puri Buch’s absence amid conflict of interest allegations overshadows SEBI’s push for green financing and infrastructure developments.

Madhabi Puri Buch’s absence amid conflict of interest allegations overshadows SEBI’s push for green financing and infrastructure developments.

Madhabi Puri Buch, the chairperson of SEBI, was expected to speak at a National Bank for Financing Infrastructure and Development event but did not attend. Instead, Pramod Rao, a SEBI executive director, highlighted green financing and the debt Market. Buch’s absence coincided with ongoing conflict of interest allegations from the Congress party, with her remaining ...

Market News

NASA successfully resolves Voyager 1’s thruster issues, enabling the aging spacecraft to continue its journey through interstellar space.

NASA successfully resolves Voyager 1’s thruster issues, enabling the aging spacecraft to continue its journey through interstellar space.

NASA has resolved an issue with the thrusters of the Voyager 1 probe, which is currently about 24 billion kilometers from Earth in interstellar space. After 47 years of operation, some fuel tubes became clogged. Engineers have successfully switched to a different set of thrusters to maintain the spacecraft’s connection with Earth for data transmission. ...

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