Digital Companies

Start-ups, news publishers likely to join digital competition law panel

"The whole idea behind the law is to protect the startups and small businesses from abuse of dominance of the big tech"

MapMyIndia net profit up 18% at Rs 24 crore in April-June quarter

Digital map company CE Info Systems, which operates under MapMyIndia brand name, posted nearly 18% increase in its consolidated profit at Rs 24.2 crore in the April-June quarter of FY23.

House panel seeks to rein in Big Tech firms with digital competition law

The SIDIs would have to submit a report to the CCI every year describing the measures implemented to fulfill their obligations

Parliament panel moots digital competition law to curb unfair biz practices

To curb anti-competitive practices in digital markets, a Parliamentary panel on Thursday proposed ex-ante regulations, category of systemically important digital intermediaries and a new digital competition law. Besides, the committee has asked digital market entities to desist from "anti-steering", "deep discounting", "self preferencing", "search & ranking preferencing" and other practices that will impact competition in the market. The suggestions are part of the Standing Committee on Finance's report on 'Anti-Competitive Practices by Big Tech Companies' tabled in Parliament on Thursday and comes against the backdrop of rising concerns over unfair business practices in digital markets. In its report, the panel has mentioned about the peculiar challenge posed by the winner-take-all markets where winners emerge within 3-5 years after the market starts to develop and the market tips in one direction by the time policies are formulated. "Therefore, the committee recommends that ...

Network connectivity remains big challenge as e-commerce, FMCG go digital

Experts say AR/VR tech has yet to mature; also, immersive experiences with 360° video applications require a lot of data

Shiprocket becomes first inter-city logistics provider to join ONDC network

Company will enable sellers to select delivery partners to ship products across India

Nayara Energy seeks Centre's approval on independent directors' pay

The company said the remuneration proposed to be paid to the independent directors is comparable with the remuneration being paid for similar assignments in the industry

India application software spending to reach $4.7 bn in 2022: Gartner

The increased spending will be directed towards improving customers' digital experiences

Taiwanese fab major PSMC looking to set up semiconductor plant in India

PSMC is one among several global fab companies interested in taking advantage of the government's incentives to set up semiconductor units in the country.

Mission 2025: Telecom tower firms to invest Rs 2 trillion in 5G infra

Investment in fiberisation of towers etc could hit anything between Rs 5 trn-Rs 7 trn by 2025, says an industry body

Amazon moves SC challenging NCLAT ruling on Future group investment

Appellate tribunal upheld CCI order suspending digital commerce platform's investment in Future group in 2019

Ex-L&T Infotech CEO Sanjay Jalona joins ChrysCapital as operating partner

Sanjay Jalona will be based in the US, look after investments in the business services sector

GST rule change for small businesses a game-changer for ONDC: Goyal

Goyal said another big advantage is for the small retailers who are very keen to engage with ecommerce

Zetwerk buys Pinaka Aerospace to expand defence manufacturing business

Zetwerk has made two other acquisitions and the total value of all three deals is approximately Rs 100 crore

Abhishek Parakkat: The Brightest Star Amongst World Class Entrepreneurs and Digital Creators

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Companies looking to accelerate digital transformation: HCL's Roshni Nadar

The global clients have a razor-sharp focus on accelerating digital transformation with efficiency, HCL Technologies Chairperson Roshni Nadar Malhotra said

Top headlines: JSW Group's $7 bn bid, taxing digital companies, and more

Here are the top headlines on Tuesday

Taxing digital companies: UN tax panel working on new set of rules

Discusses adopting multilateral approach in tax treaties for faster solution

Challenge now for Indian e-commerce is to widen spending base:Mukesh Bansal

Curefit and Myntra founder adds that Tata is one of the most well-known brands with several consumer brands, and is about bringing these assets together

Cos can gain $357 bn in profits a year with people focus, ESG: Infosys arm

While digital adoption and ESG orientation individually drive profits, they are more effective together, says the Infosys Digital Radar 2022 report