Elon Musk has updated his lawsuit against OpenAI to include Microsoft, claiming they have formed a monopoly in the AI industry. The lawsuit also names Reid Hoffman, a Microsoft board member, as a defendant. Musk accuses OpenAI of trying to weaken competitors by offering their employees lucrative pay packages, with estimates suggesting OpenAI may spend ...
Nvidia, a leading U.S. semiconductor company, must seek approval from the European Commission for its planned $700 million acquisition of Israeli AI startup Run. This decision stems from concerns that the deal could harm competition in the tech sector. EU regulators, who are increasingly vigilant about mergers that may stifle competition, may require Nvidia to ...
 "Titan’s SKINN launches ’24Seven’ affordable fragrances, targeting youth market expansion amidst fierce competition, while exploring AI innovations.")
Titan Company’s fragrance division, SKINN, has launched an affordable fragrance line called 24Seven, aimed at reaching 2.5 million customers by the end of FY25. CEO Manish Gupta stated that the range combines premium quality with accessible pricing, targeting a younger audience across India. The 24Seven line features Eau De Parfums available in various scents, priced ...
 "Xiaomi seeks to recall India’s antitrust report, claiming disclosure of sensitive data amid accusations of breaching competition laws.")
Xiaomi has requested India’s antitrust body to retract its report, which indicated that Xiaomi and Walmart’s Flipkart violated competition laws. The company claims the report contains sensitive business information that should have been redacted. This request could postpone the ongoing antitrust investigation that started in 2021. Xiaomi’s main concern revolves around details regarding its smartphone ...
 "LIC allocates Rs 600 crore for a bold digital transformation, aiming for a paperless future amid fierce market competition.")
Life Insurance Corporation of India (LIC) is investing Rs 600 crore in its digital transformation to become fully paperless within two years. At a recent event in Mumbai, Chief Risk Officer Sunder Krishnan shared details about the investment, which includes hiring a system integrator and consultants for various aspects of the transformation. LIC has partnered ...
 "Revolt Motors unveils its affordable RV1 electric motorcycle, igniting fierce competition in India’s burgeoning e-motorbike market.")
Revolt Motors has launched its first electric motorcycle, the RV1, priced at an introductory cost of Rs 84,990. This comes after competition from Ola Electric’s Roadster series, which starts at Rs 74,999. The RV1 is available in two battery options, offering a range of up to 160 km. Additionally, a premium variant, the RV1+, is ...
Bajaj Housing Finance Ltd (BHFL) made a remarkable Market debut, significantly boosting the Bajaj Group’s Market capitalization to Rs 13.6 trillion, up by 9.3% from the previous figure of Rs 12.1 trillion. BHFL’s Market cap soared to Rs 1.37 trillion, exceeding its IPO valuation of approximately Rs 58,300 crore. In contrast, the Adani Group’s Market ...
 "iPhone 16 Pro faces 12.7% demand drop, while base models thrive. Competition and past features hinder Pro series appeal.")
The new Apple iPhone 16 series is seeing lower demand than expected, as reported by analyst Ming-Chi Kuo. Pre-order sales for the iPhone 16 models were down by 12.7% compared to last year’s iPhone 15 series, especially for the Pro models. The iPhone 16 Pro Max had 17.1 million pre-orders, down 16% from the previous ...
 "In a dramatic showdown, India’s aggressive coach Gambhir faces Bangladesh, igniting fierce competition as Kohli leads the charge.")
India’s cricket team, led by head coach Gautam Gambhir, is gearing up for a two-match Test series against Bangladesh starting September 19 in Chennai. Former cricketer Ajay Jadeja highlights Gambhir’s aggressive coaching style, promising a dynamic and exciting approach. He believes Gambhir will actively push the team and avoid a passive attitude during the matches. ...
 "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 ...
