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Competition Commission of India Avoids Suo Motu Cases Due to Conflict of Interest
The Competition Commission of India (CCI) avoids initiating suo motu cases due to potential conflicts of interest, exercising restraint in sectors with existing regulators. It has disposed of 1,237 out of 1,375 anti-trust cases, including a Rs 20.24 crore settlement in the Android Smart TV matter.
Brian Chesky's Journey: From Stable Design Career to Airbnb's ₹83.74 Billion Success
Brian Chesky left a secure design job to co-found Airbnb, which started as 'Air Bed & Breakfast' in San Francisco, evolving into a ₹83.74 billion business despite initial struggles and investor rejections.
Trump administration imposes 10% Section 301 tariff on India as temporary duties expire
The Trump administration has replaced temporary Section 122 duties with new Section 301 tariffs, setting India’s rate at 10%. Officials and trade experts say the move may affect large shares of Indian exports but could still leave India relatively competitive versus some peers.
Verizon Seals Over $1 Billion Dark Fiber Deal with Google, Raises Profit Forecast
Verizon secures a >$1B deal with Google for dark fiber connectivity to its data centers, boosting its annual adjusted profit forecast and shares by 3%, with additional multi-billion dollar contracts anticipated by year-end under new CEO Dan Schulman.
US Business Activity Sees 8-Month High in July Despite Manufacturing Slowdown
US business activity grew at its fastest pace in 8 months in July, driven by strong service sector demand, despite manufacturing declines and rising costs.
India's Ecommerce Export Reforms Aim to Transform Small-Town MSMEs into Global Exporters
India's latest ecommerce export reforms enable foreign-funded platforms like Amazon and Flipkart to operate inventory-based export models, potentially transforming thousands of small-town MSMEs into global exporters, broadening India's export base.