COMPETITION CONCERNS
Nvidia set to face French antitrust charges
The French so-called statement of objections or charge sheet would follow dawn raids in the graphics cards sector in September last year which sources said targeted Nvidia.
Why the Digital Competition Bill has started a polarising debate in the tech industry
India’s Digital Competition Bill has turned previous foes in the tech industry into unlikely allies and sparked a polarising debate on market practices. The Committee on Digital Competition Law (CDCL) on February 27, submitted its report to the ministry of corporate affairs (MCA) after working on it for more than a year.
Nike stock plunges as gloomy sales forecast fans growth concerns
Nike faces stock woes and market challenges, prompting a potential shift in leadership under CEO John Donahoe's digital-focused strategy. The company's strategic pivots towards sustainability and product revamps aim to counter market pressures, signaling a critical phase for Nike's future direction and management dynamics.
Sports can push our young out of torpor
Physical activity regimes are usually conducted sporadically, if at all. Increasingly for our young, it's on par with 'Eat your greens', something that gets little traction outside adult surveillance. Instead, why not approach the problem through the more seductive means of competitive sports? India is showing its sporting prowess beyond cricket, throwing up role models for youngsters to emulate.
Microsoft breached antitrust rules by bundling Teams with office software, European Union says
The European Commission stated that Microsoft may have provided Teams with a "distribution advantage" by not allowing customers the option to choose whether to include Teams when purchasing the software. Last year, Microsoft made certain adjustments in an attempt to avoid penalties, such as offering software packages without Teams specifically for European customers. However, the commission has indicated that these measures are insufficient.
Centre's panel on exam reforms to engage with parents, students; take stock of concerns
The Education Ministry's exam reforms panel, led by former ISRO chief R Radhakrishnan, will consult with parents and students to address concerns over exam processes amid controversies surrounding NEET and NET exams. During its initial meeting, the committee reviewed NTA operations, focusing on developing a secure, flexible, and tamper-proof testing system.
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Apple is first company charged under new EU competition law
Apple is facing intense regulatory scrutiny globally, with charges in the EU, legal battles in the US, and regulatory actions in Britain, signaling a turbulent period for the tech giant in various markets.
Kremlin slams US ban on cybersecurity firm Kaspersky
The Kremlin on Friday criticised the US decision to ban Moscow's cybersecurity firm Kaspersky over security concerns as creating "unfair competition" from American companies. "Kaspersky Lab is a company which is very, very competitive on the international level," Kremlin spokesman Dmitry Peskov said.
Kremlin slams US ban on cybersecurity firm Kaspersky
The Kremlin on Friday criticised the US decision to ban Moscow's cybersecurity firm Kaspersky over security concerns as creating "unfair competition" from American companies. "Kaspersky Lab is a company which is very, very competitive on the international level," Kremlin spokesman Dmitry Peskov said.
MeitY meets firms to review concerns on Digital Competition Law
Indian policymakers discussed the impact of the proposed Digital Competition Bill on data and digital markets at the MEITY meeting with industry representatives. Stakeholders had differing opinions on the regulations, with some supporting its provisions while others raised concerns about deterred investments.
MeitY to discuss digital competition bill draft with industry associations
The government is holding meetings to address concerns about the draft Digital Competition Bill, which proposes obligations for big tech companies in core digital services under a new category of systemically significant digital enterprises.
Apple brings ChatGPT and more AI to devices, Wall Street unimpressed
In the nearly two-hour long presentation at Apple's annual developer conference, executives including CEO Tim Cook touted how voice assistant Siri would be able to interact with messages, emails, calendar, as well as third party apps. Siri will be able to write emails and change the tone of voice to suit the occasion.
Ind vs Pak T20 World Cup 2024 pitch report, venue, squads, match timing & live telecast
Ind vs Pak Pitch Report: India is gearing up to take on Pakistan in an ICC T20 World Cup clash at the Nassau County International Cricket Stadium. Pakistan, having suffered an unexpected loss to the USA, is eager to rebound against India. With little time to adapt to the demanding conditions, Pakistan skipper Babar Azam and his squad confront a formidable challenge. A loss to India could potentially complicate their path to qualification in the tournament.
NEET-UG row: Education ministry sets up 4-member panel to review grace marks to over 1500 candidates
The NEET-UG medical entrance exam faced allegations of mark inflation, prompting the NTA to form a panel to review grace marks for over 1,500 candidates. Political parties, including AAP and Congress, raised concerns about irregularities, with demands for a re-exam and probes. The NTA denied any wrongdoing, attributing higher scores to textbook changes and grace marks for time lost at exam centers. Calls for a re-exam persist.
HC seeks NTA's stand on plea concerning NEET answer key
The Delhi High Court has asked the National Testing Agency (NTA) to respond to a petition by an NEET-UG candidate regarding a question with two correct answers in the answer key. The petitioner argues that awarding marks to both correct options compromised fairness and seeks equal marks for those who did not attempt the question. The court will hear the matter next week.
Why is NFL being sued in the US in an anti-trust law petition? Know the inside story
The NLF is facing a class action suit in the US for possible violation of the anti-trust laws involving its broadcasting agreements. The lawsuit claims damages to the tune of $7 billion.
18-year-old NEET aspirant jumps to death in Kota day after medical entrance results declared
An 18-year-old NEET aspirant in Kota, Bagisha Tiwari, tragically died by suicide, jumping from the ninth floor of a building after receiving her exam results. Her death sheds light on the mental health struggles faced by students, particularly in coaching hubs like Kota. This marks the tenth suspected suicide by a coaching student in Kota this year, with concerns rising over the pressures of exam preparation. Authorities are investigating the incident, urging sensitivity in media coverage to avoid sensationalizing the tragedy.
IAMAI view on draft Digital Law not shared by all constituents: four members tell MCA
Four members of IAMAI, including Bharat Matrimony, Match Group, Hoichoi, and ShareChat, express divergent views on ex-ante regulation in the draft DCB to the Ministry of Corporate Affairs.
Elon Musk sees another big advisory firm come out against his multibillion dollar pay package
Tesla CEO Elon Musk's pay package, recently valued at $44.9 billion, has been re-endorsed by ISS and Glass Lewis. The firm argued that the package was outsized and failed to achieve board objectives. It also noted that Tesla met the pay package's performance objectives and recognized the company's substantial growth in size and profitability. However, concerns about Musk spending too much time on other ventures raised in 2018 and since then have not been sufficiently addressed.
India’s expanding defence ties in Indo-Pacific region to increase Sino-Indian competition
The International Institute of Strategic Studies (IISS) highlighted India's expanding defence role and partnerships in the Indo-Pacific region, which could further intensify the competitive nature of India-China relations. India's focus on being a preferred security partner through defence partnerships, combined exercises, and arms transfers is increasing its regional presence and influence, countering Beijing's influence. The report noted that India's defence engagement is primarily focused on the Indian Ocean region but is expanding to Southeast Asia and the Pacific Ocean.
Salesforce plummets 18% as weak forecast sparks concerns of AI competition
Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm.
CCI to boost strength for better oversight of digital, other sectors
The regulator is firming up a proposal to enhance its strength to strictly enforce regulations under the amended competition law of 2023, which has significantly widened the scope for oversight. On top of this, it is also planning to bolster its oversight of the digital market by adding quality manpower should the government come out with a new digital competition law and give it the oversight responsibility, said the person.
CCI chief flags 'opacity of algorithms', potential 'data dominance' concerns in digital markets
Competition Commission of India (CCI) chief Ravneet Kaur highlighted the opacity of algorithms in assessing their impact on competition, emphasizing the need for competition law to evolve in digital markets. The CCI is closely monitoring digital markets to combat anti-competitive practices. Kaur also announced a forthcoming market study on Artificial Intelligence during the 15th annual day event.
Embracing Industry 4.0: Navigating business transformation trends in the digital age
Post-pandemic, the focus on Industry 4.0, Circular Value Chains, Autonomy via Edge Computing, and Demand-Driven Digital Supply Chains reshaped global business dynamics. India's leadership in AI, cybersecurity, and sustainable manufacturing practices highlights its commitment to digital transformation.
Google I/O 2024 key announcements: Check latest Android features, Gemini upgrades, new AI assistant and more
Google I/O 2024 highlighted Google's strides in AI, especially with Gemini models improving applications like Workspace and Chrome. They're launching AI-generated answers atop search results in the US, with a global rollout planned, impacting how over a billion users access information. While this promises streamlined searches, concerns about site traffic remain. Other innovations showcased include Veo for video creation, Gemini's expanded capabilities, and Project Astra, an ambitious AI assistant.
Industry asked to name items from areas where India can be self-reliant
The fact that India's exports between April and January of FY24 were $3.7 billion and its imports, primarily from Russia's crude oil imports, were $51.7 billion, is what worries New Delhi. Additionally, the bloc has free trade agreements with Iran, China, Vietnam, and Serbia; these agreements may have an effect on the competitiveness of Indian industry in any of the EAEU markets.
The Sweet Revolution: Exploring the Manuka honey phenomenon
The rise of Manuka honey in India is a testament to its growing popularity among health-conscious consumers. Known for its potent antibacterial properties and high levels of bioactive compounds like methylglyoxal (MGO), Manuka honey is making its mark on upscale supermarket shelves. Indian customers, drawn to its health benefits, are incorporating it into their diets and gifting it to loved ones. While consumption in India is not as widespread as in other countries like New Zealand or Australia, demand is rising in affluent cities like Mumbai, Bengaluru, and Delhi.
EU's Vestager meets French tech firm Mistral AI amid competition concerns
In February, Microsoft invested $16 million in Mistral AI and partnered with them to make its artificial intelligence models available through its Azure platform. It has also invested in ChatGPT owner OpenAI.
AI can drive efficiency, but raises market concentration concerns: Competition Commission chief
CCI chief Ravneet Kaur highlights the dual impact of AI on efficiency, innovation, market concentration, and anti-competitive behavior. The upcoming CCI study aims to explore AI's role in competition law and its effects on market dynamics.
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