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Opinion: Tiruppur, Once India's Textile Capital, Is Coming Apart At The Seams
Covid-19, the Russia-Ukraine war, competition from China and Bangladesh, as well as plummeting domestic demand have brought the once-bustling textile industry in Tiruppur to its knees.
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Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
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Britain's CMA to Review Impact of AI on Consumers; Will Assess New Controls for ChatGPT-Like Technology
The Competition and Markets Authority (CMA), Britain's competition regulator, said on Thursday it would start examining the impact of artificial intelligence on consumers, businesses, and the economy and whether new controls were needed on technologies such as OpenAI's ChatGPT.
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Tata Group Seeks Regulator's Approval For Air India-Vistara Merger
Business conglomerate Tata Group has sought the competition regulator's approval for a merger between its Air India airline and Vistara, the company's joint venture with Singapore Airlines (SIA).
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President Droupadi Murmu Gives Assent To Competition Law Amendment Bill
President Droupadi Murmu has given assent to the bill to amend the competition law and the changes seek to ensure regulatory certainty and foster a trust-based business environment.
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Competition (Amendment Bill), 2022 Passed In Lok Sabha
The Lok Sabha today passed the Competition Amendment) Bill, 2022, more than seven months after it was introduced in the Lower House in August last year.
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Revival Of Economy Complicated Due To Global Competition: Xi Jinping
Efforts to revive China's economy have become "complicated" with growing global competition to attract investment, President Xi Jinping has said, calling for steps to forestall and defuse major economic and financial risks.
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Government Sets Up Panel On Digital Competition Law
The government has set up a panel on digital competition law to examine various regulatory aspects in dealing with challenges emerging from the digital economy.
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Google Parent Alphabet Posts Lower Q4 Profit Amid Increased Competition, Decline in Ad Spending
Alphabet on Thursday posted disappointing fourth-quarter profit and sales, short of estimates by Wall Street. The Google parent firm has seen advertising clients hold back on spending amid a slowing economy and concerns over consumer spending, while competition from rivals has seen an increase.
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Snap Expects Lower Revenue in First Quarter Amid Increased Competition From TikTok, Lower Ad Demand
Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".
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Google's Anti-Competitive Activities Harm Indian Consumers, Economy: MapMyIndia CEO
Google's anti-competitive activities are harming Indian consumers and the economy by stifling "swadeshi" (indigenous) competitors, a top official of home-grown navigation firm MapMyIndia said. The Competition Commission of India (CCI) in October slapped a steep penalty of Rs. 1,337.76 crore on internet giant Google for abusing its dominant position...
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India Moves Up 6 Places To 37th In World Competitive Index
India has witnessed the sharpest rise among Asian economies, with a six-position jump from 43rd to 37th rank on the annual World Competitiveness Index
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Regulators Should Be A Step Ahead To Deal With Digitisation: Nirmala Sitharaman
Nirmala Sitharaman on Tuesday said regulators and other entities should be well advanced and ahead of the curve in understanding digitisation
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Government Okays Rules To Help Improve Small Business Competitiveness
The scheme aims at enhancing the competitiveness and productivity of micro and small enterprises by undertaking certain interventions
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Documents And Data Seized From Amazon, Flipkart Sellers After Raids: Report
Competition Commission on Thursday raided two top domestic sellers on Amazon's platform - Cloudtail and Appario - and also some sellers on Flipkart
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Opinion: Tiruppur, Once India's Textile Capital, Is Coming Apart At The Seams
Covid-19, the Russia-Ukraine war, competition from China and Bangladesh, as well as plummeting domestic demand have brought the once-bustling textile industry in Tiruppur to its knees.
-
Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
-
Britain's CMA to Review Impact of AI on Consumers; Will Assess New Controls for ChatGPT-Like Technology
The Competition and Markets Authority (CMA), Britain's competition regulator, said on Thursday it would start examining the impact of artificial intelligence on consumers, businesses, and the economy and whether new controls were needed on technologies such as OpenAI's ChatGPT.
-
Tata Group Seeks Regulator's Approval For Air India-Vistara Merger
Business conglomerate Tata Group has sought the competition regulator's approval for a merger between its Air India airline and Vistara, the company's joint venture with Singapore Airlines (SIA).
-
President Droupadi Murmu Gives Assent To Competition Law Amendment Bill
President Droupadi Murmu has given assent to the bill to amend the competition law and the changes seek to ensure regulatory certainty and foster a trust-based business environment.
-
Competition (Amendment Bill), 2022 Passed In Lok Sabha
The Lok Sabha today passed the Competition Amendment) Bill, 2022, more than seven months after it was introduced in the Lower House in August last year.
-
Revival Of Economy Complicated Due To Global Competition: Xi Jinping
Efforts to revive China's economy have become "complicated" with growing global competition to attract investment, President Xi Jinping has said, calling for steps to forestall and defuse major economic and financial risks.
-
Government Sets Up Panel On Digital Competition Law
The government has set up a panel on digital competition law to examine various regulatory aspects in dealing with challenges emerging from the digital economy.
-
Google Parent Alphabet Posts Lower Q4 Profit Amid Increased Competition, Decline in Ad Spending
Alphabet on Thursday posted disappointing fourth-quarter profit and sales, short of estimates by Wall Street. The Google parent firm has seen advertising clients hold back on spending amid a slowing economy and concerns over consumer spending, while competition from rivals has seen an increase.
-
Snap Expects Lower Revenue in First Quarter Amid Increased Competition From TikTok, Lower Ad Demand
Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".
-
Google's Anti-Competitive Activities Harm Indian Consumers, Economy: MapMyIndia CEO
Google's anti-competitive activities are harming Indian consumers and the economy by stifling "swadeshi" (indigenous) competitors, a top official of home-grown navigation firm MapMyIndia said. The Competition Commission of India (CCI) in October slapped a steep penalty of Rs. 1,337.76 crore on internet giant Google for abusing its dominant position...
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India Moves Up 6 Places To 37th In World Competitive Index
India has witnessed the sharpest rise among Asian economies, with a six-position jump from 43rd to 37th rank on the annual World Competitiveness Index
-
Regulators Should Be A Step Ahead To Deal With Digitisation: Nirmala Sitharaman
Nirmala Sitharaman on Tuesday said regulators and other entities should be well advanced and ahead of the curve in understanding digitisation
-
Government Okays Rules To Help Improve Small Business Competitiveness
The scheme aims at enhancing the competitiveness and productivity of micro and small enterprises by undertaking certain interventions
-
Documents And Data Seized From Amazon, Flipkart Sellers After Raids: Report
Competition Commission on Thursday raided two top domestic sellers on Amazon's platform - Cloudtail and Appario - and also some sellers on Flipkart
