U.S. regulators wary of Big Tech swallowing startups
The Hindu
FTC has filed suit against Facebook, alleging it used "anticompetitive acquisitions" of potential rivals such as Instagram and WhatsApp to protect its dominance.
U.S. antitrust regulators signalled Wednesday greater scrutiny of Big Tech giants' smaller acquisitions, a potential new avenue in efforts to curb the dominance of the companies.
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.)
Google's parent Alphabet, Amazon, Apple, Facebook and Microsoft carried out hundreds of deals in recent years that were too small to be reported to authorities for approval, the Federal Trade Commission heard at its meeting.
HSBC Flash India PMI shows uptick in private sector activity, with rising cost pressures and increased prices for customers.
Rupee rises slightly against US dollar amid geopolitical pressures, foreign outflows, and domestic equities; Brent oil surges.
Sensex and Nifty rebound in early trade driven by value buying, bank stock rally, and positive global cues.
The pandemic-induced downturn marked a turning point for cab drivers in Bengaluru. According to Tanveer Pasha, president, Ola and Uber Drivers’ Association, the number of active cabs in the city has dropped from over 1 lakh before the pandemic to just around 30,000 today.
Amazon will likely face an EU investigation next year into whether it favours its own brand products, said sources.
White House addresses bribery charges against Indian billionaire Adani, expresses confidence in U.S.-India relationship.
NTPC Green Energy IPO oversubscribed by 93% on day 2, raising ₹3,960 crore for renewable energy projects.
Chief Economic Advisor advises India Inc to focus on productivity, R&D, and quality over reliance on weak currency for exports.
Private telcos lost over 1 crore wireless subscribers in September, while BSNL added 8.5 lakh users, refusing to hike tariffs.
Gautam Adani indictment may become a factor in future negotiations between the Adani Group and Bangladesh, energy experts in Dhaka say
Indictment details Adani bribery scheme to secure solar power contracts, involving Adani Green Energy and Azure Power executives.