Articles for tag: Amazon, Antitrust, Breaching, collusion, Competition, Expose, Flipkart, harming, India, Laws, Regulatory, Reports, Samsung, Xiaomis

September 14, 2024

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 ...

September 13, 2024

Market News

Business

RITES Ltd, now a prestigious Navratna, reports strong growth with record revenue and robust dividends, emphasizing future-ready strategies.

RITES Ltd, a prominent infrastructure and consultancy firm under the Railway Ministry, recently held its 50th Annual General Meeting where Chairman Rahul Mithal shared the company’s progress. In FY24, RITES recorded a consolidated revenue of Rs 2,539 crore, slightly down from Rs 2,730 crore in FY23. The company achieved its highest-ever consultancy revenue of Rs ...

September 7, 2024

Market News

Business

Byju’s defies auditor BDO’s resignation, alleging unethical demands for backdated reports amid ongoing insolvency proceedings. Tensions escalate dramatically.

Byju’s, the troubled edtech company, has responded to the resignation of its auditor BDO, claiming that BDO made unethical requests, including asking to backdate reports. Byju’s insists it complied with all legal requests but refused to engage in any illegal activities. They also argued that BDO’s resignation came after the 45-day deadline for additional information, ...

May 10, 2024

Market News

Crypto Now

Bitcoin hacker returns stolen $72m in exchange for $7.2m reward, DL News Reports

A Bitcoin hacker who stole $72 million in digital currency has returned the funds in exchange for a $7.2 million “bounty.” The hacker’s unexpected act of returning the stolen funds has shocked the cryptocurrency community. Read on to learn more about this intriguing story on DL News. Click to Claim Latest Airdrop for FREE Claim ...

May 7, 2024

Market News

Business

UBS reports record-breaking profits in first quarter of 2024

Swiss multinational investment bank UBS has just released their first-quarter earnings report for 2024. The financial results showcase the company’s performance during the initial months of the year, providing valuable insights into their business operations and overall growth. Investors and stakeholders will be closely analyzing these figures to assess UBS’s financial health and strategic direction ...