Fair trade regulator CCI on Friday ordered a probe against Google for its alleged abuse of dominant position. "In a well-functioning democracy, the critical role played by news media cannot be undermined, and it needs to be ensured that digital gatekeeper firms do not abuse their dominant position to harm the competitive process of determining a fair distribution of revenue amongst all stakeholders," CCI said. It added that the Commission is of prima facie view that Google has violated provisions of Section 4 of the Competition Act, 2002 which pertains to abuse of dominant position.
While airlines are seeing improved demand and industry-wide seat occupancy has increased to over 60%, it is road trips which are generating higher traction. Booking trends show that customers are also choosing homestays or four- star and five-star accommodations, as hygiene and safety is a priority now.
The banned Chinese apps, which include TikTok, Shareit and UC Browser, earn revenue mainly from online advertisements, subscriptions, and commissions for selling products. India is the biggest driver of these Chinese apps due to the population. The ban on the 59 Chinese apps will negatively affect the valuations of the companies, especially those going for IPO.
Showik had relied on a recent SC judgment which said that "confessional statements" made to NCB officials cannot be considered as evidence.
With the Reserve Bank of India's (RBI) extended deadline coming to an end, there will be no automatic recurring payment for various services including recharge and utility bill as the additional factor of authentication (AFA) will become mandatory from Friday. On December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified Payments Interface (UPI) under arrangements/practices not compliant with AFA would not be continued beyond March 31, 2021. As part of risk mitigation measures, RBI announced this step to bolster safety and security of card transactions.
Fintech firm MobiKwik on Monday filed a draft red herring prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (Sebi), for its initial public offering (IPO). According to its DRHP, the company plans to raise Rs 1,900 crore, which includes a fresh issue of Rs 1,500 crore and an offer for sale of Rs 400 crore. The selling shareholders include American Express Travel, Bajaj Finance, Cisco Systems and Sequoia Capital India, besides founder Bipin Preet Singh. MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday.
As the pandemic pushed employers to explore and adapt new ways to stay in the business, a survey has revealed that 6 out of 10 organisations have adopted 'work from home' policy post Covid-19 relaxations. Over 65 per cent of the employers have either introduced 'work from home' as a policy or are evaluating the same reflecting a maturity and the confidence in their employees, according to a survey by Grant Thornton Bharat. The survey was conducted online by Grant Thornton Bharat among 4,650 respondents across social media platforms.
Rediff.com takes at look at the men and women of the Indian Navy taking part in preparations befitting a Naval celebration.
Prime Minister Narendra Modi on Monday inaugurated the first phase of the Kashi Vishwanath Dham in Varanasi, a project which is spread over five lakh square feet and connects the temple premises to the River Ganga besides providing several facilities to devotees.
Looking forward to Darbar?
The achievement in the Commonwealth Championships is considered to be the gateway to World Powerlifting Championship.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
Prime Minister Narendra Modi on Thursday laid the foundation stone for the Noida International Airport at Jewar in Uttar Pradesh. It will be one of the largest aerodromes in Asia.
Scenes from a deserted Mumbai, something that most of us have never seen.
The notice stated that the actor said in her tweet that the "same Dadi" who featured in Time Magazine was "available in 100 rupees".
This was the lowest minimum temperature recorded in the city since 1991, when the mercury had fallen to minus 11.4 degree Celsius.
In a bid to ensure security of card data, the Reserve Bank of India (RBI) has enhanced the scope of tokenisation and permitted card issuers to act as token service providers (TSP). Under tokenisation services, a unique alternate code is generated to facilitate transactions through cards. The RBI on Tuesday extended the device-based tokenisation to card-on-file tokenisation (CoFT) services, a move that will bar the merchants from storing actual card data. Card-on-file refers to card information stored by payment gateway and merchants to process future transactions.
Rediff.com beings you glimpses of Navy Week celebrations in Mumbai.
The mega corridor, whose foundation stone was laid by Modi on March 8, 2019, connects the main temple with Lalita Ghat via a corridor, and grand gateways and ornamental arches have been built in heritage architecture style in four directions, facing the ancient temple at its core.
US Vice President Kamala Harris would host a separate meeting with the prime ministers of three Quad countries -- India, Australia and Japan -- at the White House to discuss with them the important factors for democracies to go forward, officials said.
The Taliban knows that Washington holds the key, points out Ambassador M K Bhadrakumar.
According to experts, the banning of the apps has created negative sentiments and reduced the confidence among the Chinese investors to invest in India.
Reliance Jio had proposed that besides satellite connectivity, In-Flight Connectivity can be provided using cellular network as well.
The groups plan to take on well-entrenched players like Amazon, Flipkart, and Paytm by merging their offline businesses with e-commerce initiatives.
Following the alleged desecration of the Maratha king's statue, miscreants in Belagavi shouted slogans and pelted government vehicles with stones and freedom fighter Sangolli Rayanna's statue was subsequently vandalised.
Gateway Hotels & Resorts are full service upscale hotels and resorts that are located in 21 cities and holiday destinations.
The blast occurred in the container aboard the vessel, preparing to dock away from the Jebel Ali Port's main shipping line at around midnight.
Sixty-seven years of Independence, but how much of India and its history do we really know? Take our quiz and find out!
Mumbai Police on Wednesday announced the updated lockdown guidelines which restricts the movement of people in public areas and transport while exempting those involved in essential services.
A court in Canada has ordered the seizure of amounts collected by the International Air Transport Association (IATA) on behalf of Air India and the Airports Authority of India (AAI). Separate orders were passed on November 24 and December 21 on pleas by shareholders of Devas Multimedia Private Limited who have filed multiple petitions to enforce arbitration awards against the Indian government. According to a Devas spokesperson, more than $30 million has been seized to date under the IATA action.
President Ram Nath Kovind said the nation will always be grateful to the security personnel who laid down their lives in the line of duty.
It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, observes T N Ninan.
Facing criticism from social media and political quarters for holding a 'Free Kashmir' poster during the 'Occupy Gateway' protest against violence at Jawaharlal Nehru University, Mehak Prabhu, a Mumbai-based storyteller, on Tuesday clarified that she meant to highlight the restrictions imposed in Jammu and Kashmir and wished to see peace in the region and added that there was no other motive behind her actions.
The recent Reserve Bank of India (RBI) norms on tokenisation services, which will be offered by card networks, are likely to result in merchants and payment aggregators incurring a cost as they have to pay a fee to the networks. The merchants and the payment aggregators, in turn, may pass on the cost to the customers. The norms, which were issued by the banking regulator released on September 7, allow card networks like Visa and Mastercard to offer the tokenisation service.
Anti-sabotage checks are being carried out and patrolling has been intensified across the city, including on the Yamuna river where patrolling is being conducted on motor boats by the Delhi Police. Anti-terrorist measures are being carried out in view of threat perception and intelligence inputs, they said.
Chief metropolitan magistrate Snigdha Sarvaria allowed the police plea, which said further investigation was on.
Dr Karishma Jaradi explains how garlic, cloves and saltwater can help tackle common dental problems in an emergency.
The Reserve Bank of India on Wednesday extended the timeline by six months to comply with its guidelines related to recurring online transactions with Additional Factor of Authentication (AFA), but reprimanded players that the non-compliance is a "serious concern". RBI had directed all banks including RRBs, NBFCs, and payment gateways to comply with AFA for automatic recurring payment by March 31, 2021, in order to make digital transaction safe and protect customers from fraudulent transactions. However, some of the players failed to meet the deadline and approached the RBI seeking extension of the deadline.
