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Mumbai's K Rustom Ice Cream Parlour License Suspended Over Hygiene Lapses
Mumbai's K Rustom ice cream parlour has had its license suspended by the FDA due to severe hygiene violations, including expired ingredients and live rodents. The popular Churchgate outlet also failed to maintain cold chain standards.
Global Oil Markets Face Chaos as Trump Declares Iran Ceasefire 'Over'
Global oil prices surged over 1% as US President Trump declared the ceasefire with Iran "over" and fresh US military strikes heightened fears of supply disruptions. Brent crude rose to $79.04 and WTI to $74.46.
France's watchdog accuses Meta of harming French media over content payments
France's competition watchdog accused Meta of causing "serious and immediate harm" to French media by failing to compensate them for republished content. The watchdog ordered Meta to negotiate payments for "neighbouring rights" with news outlets, citing a 2019 EU directive.
US States Prepare Lawsuit Against Paramount Over Warner Bros. Discovery Acquisition
Several US states, led by California, are preparing to sue Paramount over its $110 billion acquisition of Warner Bros. Discovery, citing concerns about competition law violations. Hollywood actors and theater owners also oppose the deal, fearing job losses and reduced consumer choice.
India ER&D Firms Face Mixed Q1 FY27, Automotive Weakness Persists
India's ER&D service companies likely experienced a mixed start to fiscal 2027, with Q1 revenue estimates showing a sequential range from 0.9% contraction to 1.5% growth in constant currency. Analysts point to a weak automotive market as a significant drag on the sector.
India's Tech Sector Faces Potential Job Cuts of Up to 35,000 This Year
India's technology and software services sector may see up to 35,000 job eliminations this year due to increased focus on productivity and market competition. Staffing firms report 10,000-15,000 'silent layoffs' already occurred, with projections for the full year ranging from 25,000 to 35,000.