The lawsuit alleges that Meta designed and monetised Facebook & Instagram to encourage compulsive use among young people (representative image) Meta is facing a landmark legal challenge in the US that could have far-reaching implications for how Facebook and Instagram are designed and operated, after 29 states accused the company of deliberately creating products that…
Aditya Birla addresses tariff and investment concerns NEW DELHI: Amid concerns over low private sector investment, Aditya Birla Group chairman Kumar Mangalam Birla Friday said the corporate sector was undertaking capital expenditure at a very fast pace.He said RBI data pointed to growth in bank loans to the corporate sector, which are evenly spread between…
Informal sector sees strong Q1 growth, with women making up nearly one-third of its 13.7 crore workforce NEW DELHI: The informal sector, which constitutes major part of the economy, registered robust growth in Q1 (April -June) of the current financial year as number of establishments in the sector grew 9% (y-o-y) to 8.7 crore from…
Carney has ordered his trade negotiators to come back after suspending all negotiations with US The United States called the collapse of three days of intensive trade talks with Canada a “missed opportunity”, as Ottawa suspended negotiations and ordered its team to return, as Washington imposed 50 per cent tariffs on Canadian goods.US trade representative…
Bigger screens and PC-like features fuel tablet demand, with 12GB models jumping 835% year-on-year in Q1 NEW DELHI: As laptop prices rise, tablet makers are making a stronger play for everyday computing, armed with bigger screens, more memory, keyboards and increasingly PC-like multitasking capabilities.The shift is showing up in what Indians are buying. Research agency…
Canada Prime Minister Mark Carney said that they tried negotiating but didn’t work out (File photo) Canada has suspended trade negotiations with the United States, Prime Minister Mark Carney said, after last-minute changes to Washington’s proposed terms were deemed “unfair” and “uneconomic”.Carney said the decision followed recent progress in talks but added that it had…
2.8 million Tesla vehicles will be recalled over emergency door opening situation in China Tesla and eight Chinese automakers are recalling about 4.3 million vehicles in China after regulators raised concerns that occupants could struggle to open their doors during emergencies, making it the country’s largest automotive recall.The action included recalling 2.8 million Tesla vehicles,…
India’s eased FDI rules for investors with under 10% stakes in Chinese entities attract over $500 million in foreign investment since May NEW DELHI: Govt’s decision to allow companies and funds with under 10% holding of Chinese entities has helped generate over $500 million (Rs 4,895 crore) foreign direct investment since the rules were eased…
Govt conclave flags PSBs’ shrinking CASA share and weaker presence in high-value banking segments NEW DELHI: Public sector banks (PSBs) have rapidly lost market share in the higher value segment of the industry, such as credit cards business, where they are offering lower range card variants and in global capability centres (GCCs), to private and…
Apple may expand manufacturing beyond iPhones in India, while Google could shift more device exports from China, govt says NEW DELHI: India expects Apple to widen its manufacturing footprint beyond iPhones, whereas Google could shift a substantial share of its export-oriented device production from China to India, electronics and IT minister Ashwini Vaishnaw said.Vaishnaw told…