While rejecting the charges levelled against it by the competition of the European Union of Alphabet unit Google adopting a carrot-and-stick tactic that stifled competition with respect to the firm’s deals with Android phone makers, the United States based company said that such deals instead boosted competition. The EU had slapped a record 4.3-billion-euro ($5…
The planned development of an Instagram for kids by Facebook was paused on Monday by the social media company after the announcement of the plan was severely criticised by lawmakers as well as users. “While we believe building ‘Instagram Kids’ is the right thing to do, Instagram, and its parent company Facebook, will re-evaluate the…
About 25,000 customers of Green would be acquired by Shell Energy. Green is one of the seven minor energy suppliers that failed in a wave of failures that compelled the energy regulator Ofgem to seek out new providers for 2 million consumers. According to Ofgem, former and present Green customers would have any outstanding credit…
The merger of Zee Media of India and a local Indian affiliate of Japan’s Sony Group Corp is set to create a television behemoth that would be able to capture more advertising income, according to industry experts, while also posing serious competition to Walt Disney Co in a crucial growing market. Armed with about 75…
Anurag Mehrotra, the Chief Executive Officer of Ford Motor Co. in India, has left the company to seek other possibilities for his career. It was just a few days ago that the United States based car maker had announced its decision to stop all production activities in in eth Indian market as the company also…
In a case involving cartelisation of beer pricing in India, the country’s antitrust watchdog levied a penalty of $102 million on Heineken-controlled beer giant United Breweries and $16 million on the local subsidiary of Denmark’s Carlsberg on Friday. The ruling follows a lengthy inquiry that began in 2018, with the Competition Commission of India (CCI) searching…
according to Elon Musk, CEO of the United States based electric vehicle maker Tesla, stated on Friday that the continuing semiconductor shortage problem being faced throughout the world will be resolved by next year. The tech entrepreneur believes the chip scarcity is a “short-term” issue rather than a long-term one. “There’s a lot of chip fabrication plants that…
The Taliban’s capture of Kabul has heightened mutual animosity between the United States and Pakistan, two ostensible partners who have clashed over Afghanistan. However, both parties continue to rely on one another. With the Biden administration searching for alternative ways to combat terrorist threats in Afghanistan, it is likely to come back to Pakistan, which…
Amazon.com Inc introduced eight global and local streaming services on its video platform in India on Friday. With this launch, the company aims to increase paid subscriptions in the huge Indian market for its video streaming services. The decision comes at a time when the firm is facing increased rivalry from both global and domestic…
Nike Inc on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a supply chain crunch that has left it with soaring freight costs and products stuck in transit. Months-long factory closures in Vietnam, where about half of all Nike footwear is manufactured, have piled more…
