The contest had 240 participants. Most wore diapers to avoid leaving the mattress.
A recent study by the competition watchdog shows AI-led market concentration is rising. Expect a regulatory pushback as the still coalescing philosophy is directionally clear: data asymmetry is both a competition and a governance problem
Analysts say competitive pressure in India’s quick commerce space has been rising for several quarters, and Zepto’s recent fundraise is set to sharpen it further as Blinkit doubles store count, Instamart leans on discounts, and Reliance, Flipkart and Amazon expand into new city tiers
Meeting focuses on consent rules, data as ‘currency’ in deals; experts say overlaps with competition law inevitable but manageable through cooperation
Near-term focus of the company shifts to driving efficiency and narrowing losses
As AI tools reshape pricing and competition dynamics, regulators like the CCI are scrutinising their potential to enable collusion. A nuanced, case-by-case approach is essential to balance innovation with market fairness and accountability
Bank of Baroda Q3 results: Net profit rises 5.6% to Rs 4,837 crore, NII up 3%. L&T Q3 results: Net profit rises 14% to Rs 3,359 crore, but misses estimates as EBITDA margins fall. Biocon Q3 results: All business segments grow; EBITDA up 16%, revenue rises 7%. IndusInd Bank Q3 Preview: Profit may see sharp 39% YoY fall amid rising slippages. Nestle India Q3 Preview: Net profit may slip 9% on increased competition
In the coming days, the IT ministry is expected to meet more industry bodies and representatives of companies.
In the report, Nasscom and AZB and Partners were said to be "in favour of ex-ante regulation" for digital markets, which refers to regulatory measures implemented in anticipation of potential problems
With a share of over 50 percent, Asian Paints leads the market by a distance, followed by Berger Paints with 18%, Kansai Nerolac Paints with 15%, and AkzoNobel (Dulux) with 7%.
Analysts expect the bigger players will continue to buy up smaller companies and consolidate to protect and gain market share on expectations of robust demand.
Throcare had normalised EBITDA of 30 percent in Q2 of FY24 and in the same period the previous year.
The CCI’s scrutiny comes amid growing concerns within the industry about a duopoly, with a merged Air India-Vistara and IndiGo controlling more than 75% of the domestic market as smaller rivals such as SpiceJet and Go First struggle.
Volkswagen reaffirmed its financial outlook for the year and said it was taking steps to strengthen its business in China, where it has seen sales decline in the face of stronger local competition.
While MeitY is slated to come up with the Digital India Bill which would supersede the Information Technology Act 2000, an MCA-appointed panel is working on the Digital Competiton Law -- a separate law that is aimed at tackling Big Tech firms' anti-competitive practices.
The Supreme Court of India recently delivered a landmark verdict involving Coal India that settles the debate on extending necessary antitrust scrutiny on PSUs and government companies.
Cooling input costs will also help cut retail prices, Crisil Ratings said in a report on Tuesday.
According to sources, during the meeting which was held on June 14, governing council members held discussions on Big Tech, prioritising start-ups in Internet and Mobile Association's (IAMAI) charter and so on
With 1.38 billion people in India, the government sees this as an opportunity to promote platforms like mSeva, as a "trusted, indigenous platform for mobile apps," said Kapil Kant Kamal, joint director in C-DAC.
On May 25, industry body Internet and Mobile Association of India announced the results to its 24-member governing council, with homegrown companies winning all seats. Big Tech companies will have no representation in the governing council for the next two years
Rajesh Magow of MakeMyTrip will become the vice chairperson and Times Internet's Satyan Gajwani will be the Treasurer.
This controversy will seemingly reach its climax when the results of the ongoing elections to IAMAI's governing council are announced later this month.
A few companies and personalities from the Indian startup ecosystem disagree with IAMAI's position, claiming that they support such a law and that Big Tech companies influenced the industry body's opposition.
Focusing on under-penetrated markets and higher distribution reach; investment in retail outlets will drive revenues and earnings growth
Uber India continues to be competition-aware but not competition-obsessed. There is space for multiple players to operate, he says.