There were concerns that investors may turn bearish on IndiGo when India’s largest airline by market share informed stock exchanges on the evening of 10 March that its chief executive,…
Category: Companies
IndiGo, Air India get relief as CCI dismisses complaint on ticket cancellations and market dominance
The Competition Commission of India (CCI) on Wednesday dismissed a complaint that alleged InterGlobe Aviation (IndiGo) and were abusing their dominant market positions. The complainant accused domestic airlines of charging…
AlphaGrep gets Sebi approval to launch mutual fund business
AlphaGrep, a global quantitative trading and investment firm, on Thursday said it has received approval from market regulator Sebi to launch its mutual fund business, marking its entry into the…
‘Extraordinary circumstances’: Pentagon could carve out exceptions to Anthropic AI ban amid legal battle
The US Pentagon has told its senior leaders that it may continue to use Anthropic’s AI tools beyond the six-month phase-out period, according to a report by Reuters. The report…
LPG curbs: Induction cooktop makers struggle to meet demand as imported component shortage looms
A sudden surge in demand for induction cooktops, triggered by India’s curbs on LPG supplies, has prompted kitchen appliance makers to ramp up production, testing supply chains for imported components.…
Anthropic in talks with Blackstone, other PE firms to set up AI joint venture: Report
Anthropic is in talks with several private equity firms, including and Hellman & Friedman, to form an artificial intelligence joint venture, The Information reported on Wednesday. The development comes amid…
Atlassian layoffs: Software giant cuts 10% of workforce to ‘self-fund AI investment’
Software giant Atlassian on Wednesday announced it is cutting around 10% of its workforce or 1,600 employees. Shares of the company rose about 2% in extended trading after it announced…
‘Funny reference to Microsoft’: Elon Musk debuts Macrohard to emulate entire companies
Elon Musk has unveiled a new joint project between Tesla and xAI called “Macrohard” or “Digital Optimus”, which the billionaire says is emulating the function of entire companies. The billionaire…
Meta rakes it in, yet still borrows billions for AI
Meta Platforms looks like a money-printing machine. So why has it been loading up on billions of dollars in debt to pay for its new data centers? It turns out…
WhatsApp tells Supreme Court it will comply with CCI directions on user consent by 16 March
WhatsApp told the Supreme Court on Monday that it will fully comply with the Competition Commission of India’s (CCI) directions relating to user consent for sharing data with parent company…