CCI Probes IndiGo for Alleged Unfair Business Practices
Competition Commission of India orders detailed investigation into IndiGo's alleged abuse of dominant position following mass flight cancellations and passenger complaints about price gouging.
Category : Corporate News
Ambani Gives Undertaking to SC in Rs 40,000 Crore Fraud Case
Industrialist Anil Ambani pledges to the Supreme Court not to leave India during CBI and ED investigations into alleged siphoning of Rs 40,000 crore from bank loans. The court monitors probes and questions CBI's approach.
LPL Financial Opens Hyderabad GCC, Hiring Hundreds
US wealth management giant LPL Financial launches its Global Capability Centre in Hyderabad, planning to create hundreds of tech roles over 3-5 years to support financial services innovation.
ED Attaches Rs 70 Cr Properties in Mumbai Fraud Case
Enforcement Directorate attaches flats and plots worth Rs 70 crore in Parekh Aluminex money laundering case. Total attached assets now Rs 493 crore in Rs 2,296 crore bank loan fraud.
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Washington Post Announces Major Layoffs, Cuts Sports and Foreign Coverage
The Washington Post announced sweeping layoffs, eliminating its sports section, foreign bureaus, and Book World division. Executive Editor Matt Murray called the cuts 'painful but necessary' amid falling subscriptions and financial pressures.
Warburg Pincus Marks 30 Years, Calls India Top Investment Hub
Global PE giant Warburg Pincus celebrates 30 years in India, calling it one of its best constructive ecosystems. The firm has made 80 investments, with India being its second-largest market globally after the US.
Swiggy CEO: Budget's City Regions to Boost Urbanization
Swiggy MD Sriharsha Majety says budget's City Economic Regions will accelerate urbanization beyond metros, with Tier-II/III centers driving GDP growth through formalization and organized economic expansion.
Ambani: India to Achieve Energy Self-Sufficiency in Decades
Reliance Industries chairman Mukesh Ambani forecasts India's energy independence within 20-30 years, with GDP potentially reaching $25-30 trillion. BlackRock's Larry Fink calls this period 'India's era' for investors.
AMD CEO Defends Results After 16% Stock Drop
AMD CEO Lisa Su remains optimistic about AI growth despite a 16% stock plunge following Q1 forecast. She highlights strong data center demand and upcoming Helios AI system launch in 2026.
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CCI Orders Probe Into IndiGo Over Alleged Dominance Abuse
The Competition Commission of India has directed an investigation into IndiGo for potential abuse of dominant position after mass flight cancellations and fare hikes in December, citing the airline's 60% market share.
Cognizant Beats Estimates, Forecasts Strong 2026 Revenue
Cognizant projects annual revenue above Wall Street estimates for 2026, driven by AI integration demand, while the broader IT sector faces volatility from AI disruption fears.
Phil Knight's Rs 600 Crore Jet Shows Nike's 'Just Do It' Spirit
Nike co-founder Phil Knight owns a custom Gulfstream G650 jet worth Rs 600 crore, housed in a private Oregon hangar, demonstrating the brand's iconic slogan in action.
Uber Names New CFO Balaji Krishnamurthy
Uber Technologies appoints Balaji Krishnamurthy as CFO, replacing Prashanth Mahendra-Rajah, as the company intensifies investments in autonomous vehicle technology and expands in key markets like India.
KSRTC Rolls Back Fare Hike on Mangaluru-Kasaragod Route
The KSRTC Mangaluru division has reversed its fare increase for buses operating between Mangaluru and Kasaragod following the cessation of toll collection at the Arikkady tollgate near Kumbala.
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Microsoft Promotes Four Executives to EVP Roles
Microsoft has promoted four senior sales executives to Executive Vice President positions, reporting directly to CEO Judson Althoff, as the company accelerates its commercial AI strategy amid competitive pressures.
LPL Financial Opens Hyderabad GCC, Plans Major Hiring
US wealth management giant LPL Financial launches its Global Capability Centre in Hyderabad, planning to create hundreds of roles and hire around 2,500 tech professionals to support technology and operations expansion.
Cognizant Tops Indian IT Firms with 6.95% Growth in 2025
Cognizant Technology Solutions reported 6.95% dollar revenue growth to $21.12 billion in 2025, outpacing major Indian IT peers like Infosys, TCS, and Wipro while exceeding analyst expectations.
Emcure Uses Celebrities to Market Weight Loss Drug Poviztra
Emcure Pharmaceuticals partners with celebrities like M.S. Dhoni and Neha Dhupia for its semaglutide brand Poviztra, adopting a consumer-focused marketing strategy in India's competitive weight-loss drug market.
UK Firm GI Outsourcing Opens AI-First GCC in Hyderabad
UK-based GI Outsourcing establishes AI-first Global Capability Center in Hyderabad via Enablr partnership, creating 200 jobs by 2028 and expanding India operations to serve global clients.
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Indian Firms: High Net Zero Goals, Weak Implementation
A recent study reveals that while Indian companies have strong net zero ambitions, they face significant challenges in translating these into effective climate action and accountability.
CCI Investigates IndiGo's December Crisis for Dominance Abuse
Competition Commission of India launches investigation into IndiGo's operational collapse in December, examining if airline abused its 65% market dominance through mass cancellations and fare surges.
Washington Post Layoffs: Sports Dept Closed, Overseas Cuts
The Washington Post has initiated significant workforce reductions, eliminating its sports department and reducing international journalists as part of a major organizational restructuring.
India: Warburg Pincus' Largest PE Destination Outside US
Warburg Pincus executives reveal India has become their largest private equity market outside the United States, with billions invested annually and 30 years of successful backing for Indian businesses.
Devyani International's Pizza Hut Reset Strategy Under New CEO
Devyani International appoints new CEO Manish Dawar, who announces zero net new Pizza Hut outlets in 2025-26 to focus on fixing fundamentals, store rationalization, and technology upgrades amid merger with Sapphire Foods.
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Silver's Rally May Be a Head Fake, Warn Analysts
Silver futures surged 15% on Tuesday, outperforming gold and other assets, but historical data suggests this rally might be deceptive. Analysts caution investors about silver's volatile past and potential for prolonged downturns.
20-Year Sentence for $94M Ponzi Scheme Mastermind
Andrew Jacobus sentenced to 20 years for orchestrating a $94 million Ponzi scheme that defrauded Venezuelan nationals, Catholic dioceses, and elderly investors over nearly two decades.
CCI Orders Probe Against IndiGo for Unfair Practices
The Competition Commission of India (CCI) has ordered a detailed investigation into IndiGo for alleged unfair business practices, including predatory pricing and abuse of dominant position in the aviation sector.
CCI Orders Probe into IndiGo's December 2025 Flight Cancellations
The Competition Commission of India has launched a formal investigation into IndiGo Airlines following widespread flight cancellations in December 2025, examining potential anti-competitive practices.
Marico Buys 60% of Cosmix Wellness for ₹226 Crore
Marico announces acquisition of 60% stake in Cosmix Wellness for nearly ₹226 crore. Key details for investors about this strategic move in the wellness sector.
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Tata Power Q3 Profit Flat at ₹1,194 Cr, Revenue Down 9%
Tata Power reported its Q3 FY26 financial results with net profit remaining nearly unchanged at ₹1,194 crore while revenue witnessed a 9% year-on-year decline, reflecting challenging market conditions.
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