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    Social media companies list out worries as Centre readies data protection rules

    Social media platforms have said that undoing behavioural tracking of children and targeted advertisements are among the biggest concerns they have with the new data law the government is prepping. The companies are voicing their concerns as rules of the Digital Personal Data Protection (DPDP) Act will be released soon.

    In solidarity with their solitary kids

    While their children's voluntary solitary confinement is befuddling, one also wonders why parents need to go through the same gig. They could try and 'understand' their state of mind, not the reaction to it.

    How Indian-American businessman duped Goldman Sachs of Rs 8,300 crore

    Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison for his role in a $1 billion fraud scheme involving high-profile investors like Goldman Sachs and Google's parent company, Alphabet. The scheme, which included inflating advertising inventory and deceiving investors and clients, was uncovered in 2017. Shah's extravagant lifestyle, funded by fraudulent activities, included private jets and yachts. His sentencing marks the conclusion of one of the largest corporate fraud cases in recent history, highlighting the consequences of deceptive business practices.

    Reliance Retail's FMCG plans stay in fast lane with funds on tap

    RCPL has raised a total of ₹1,053 crore as debt capital from the parent company over 14 months, according to the filings. RCPL began operations in November 2022 and completed its first full year in FY24. In the filings, RCPL said the proceeds will be used for business operations. A senior industry executive, aware of the plans, said the funding from the parent into RCPL will continue in this fiscal as well, since Reliance has plans to rapidly grow the FMCG business.

    Whirlpool shares skyrocket 19% as Bosch weighs bid for parent company

    Robert Bosch is eyeing a bid for Whirlpool Corporation, led by CEO Stefan Hartung. The potential acquisition could include popular brands like KitchenAid and JennAir, strengthening Bosch's position in the home appliances sector.

    Why is the New York law on regulating social media algorithms protecting teenagers, a step in the right direction?

    The New York State Legislature had earlier passed a legislation on regulating social media algorithms targeting teenagers. This has received the consent of the Governor and despite the concerns related to its implementation, it is being hailed as a progressive step.

    The Economic Times
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