ED Raids Vivo, Related Firms in Money Laundering Probe

The Enforcement Directorate on Tuesday conducted searches at 44 places across the country in a money-laundering investigation against Chinese smartphone manufacturing company Vivo and related firms, officials said. The searches are being carried out under sections of the Prevention of Money Laundering Act (PMLA). The agency is conducting searches at 44 places related to Vivo […]

Social Media Firms Opposed to Employee Liability Under IT Rules: Study

Social media companies have expressed strong objection to the provision to hold chief compliance officers personally liable for failing to meet norms under the IT Rules as it may lead to increased censorship by the platforms, an industry study said on Monday. The IT Rules of 2021 mandate social media platforms to appoint a Chief […]

elhi Government to Engage With E-Commerce Firms Over Single-Use Plastic Ban

The Delhi government plans to engage with various e-commerce firms and food delivery platforms, including Zomato, Swiggy, Amazon and Flipkart, for effective implementation of the ban on single-use plastic (SUP) items in the capital, officials said on Saturday. These firms have a huge business in Delhi and it has only increased after the Covid pandemic, they […]

Taiwan Raids Chinese Firms Suspected of Poaching Chip Engineers Illegally

Taiwan authorities raided ten Chinese companies suspected of illegally poaching chip engineers and other tech talent this week, the island’s Investigation Bureau said on Thursday, the latest crackdown on Chinese firms to protect its chip supremacy. Home to chipmaker giant TSMC and accounting for the majority of the world’s most advanced semiconductor manufacturing capacity, Taiwan […]

Inflation Crimps Indian Firms As Consumers Plan To Cut Spending

April saw India’s wholesale and consumer prices accelerate at their fastest in years. New Delhi: Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for companies such as Godrej Appliances which saw bumper sales as recently as March and April after a brutal heatwave spiked demand for its cooling products. […]

FMCG Firms Opt To Cut Weight Rather Than Hike Prices As Inflation Soars

As inflation soars, FMCG firms go for weight cut, bridge packs New Delhi: FMCG manufacturers are opting to reduce product weight rather than price of items targeted at lower-end consumers, while resorting to single-digit price increase on some large packs and launching ‘bridge packs’, as they seek to overcome the impact of commodity price rise […]

Market Valuation Of 8 Of Top 10 Firms Falls Rs 2.48 Lakh Crore: 10 Points

Market valuation of 8 of top 10 firms falls Rs 2.48 lakh crore: Highlights New Delhi: Indian equity benchmarks on Friday extended their fall for the sixth straight day, with the Sensex down 2,041.96 points or 3.72 per cent for the week on stagflation worries, the exodus of capital on flight-to-safety trades. Here Is Your […]

Tech Firms Ask US Supreme Court to Block Texas Social Media Law

Lobbying groups representing Facebook, Twitter, Google and other tech companies filed an emergency request with the US Supreme Court on Friday, seeking to block a Texas law that prohibits large social media platforms from banning users based on their political views. The Texas law went into effect on Wednesday when the 5th US Circuit Court […]

Biden Signs Pact With Internet Firms to Reduce Prices for Poor Americans

The Biden administration announced on Monday that 20 Internet companies have agreed to provide discounted service to low-income Americans, a program that could effectively make tens of millions of households eligible for free service through an already existing federal subsidy. The $1 trillion (roughly Rs. 77,37,100 crore) infrastructure package passed by Congress last year included $14.2 […]

India Should Stop Regulatory Assault on Chinese Firms, China State Media Says

India should stop its “regulatory assault” on Chinese companies, state-backed Chinese newspaper Global Times said, after smartphone maker Xiaomi alleged threats of “physical violence” in Indian investigations. Reuters reported on Saturday that Xiaomi had told a court that its top executives faced threats and coercion during questioning by the Enforcement Directorate investigating illegal remittances. The […]

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