Centre plans to provide legal power to CCI ahead of merger with NAA
The Union government is working on enhancing legal powers for the Competition Commission of India (CCI) by amending some key provisions of anti-profiteering regulations on goods and services tax (GST), thus preparing the soil for two regulators to merge. Read more…
https://www.business-standard.com/article/economy-policy/centre-plans-to-provide-legal-power-to-cci-ahead-of-merger-with-naa-122102600807_1.html
Earth on track to warm above 2C despite climate action, claims report
Government plans to cut greenhouse gas emissions aren’t enough to avoid catastrophic global warming, with the planet on track to heat up between 2.1 and 2.9 degrees Celsius by the end of the century compared to pre-industrial times, according to a new report from the United Nations Framework Convention on Climate Change. Read more…
https://www.business-standard.com/article/international/earth-on-track-to-warm-above-2c-despite-climate-action-claims-report-122102600920_1.html
Zee, Sony agree to sell three Hindi channels to address CCI concerns
Sony India and Zee Entertainment Enterprises (ZEEL) have agreed to sell three Hindi channels–Big Magic, Zee Action and Zee Classic–to address anti-competition concerns arising out of their proposed merger. Read more…
https://www.business-standard.com/article/companies/zee-sony-agree-to-sell-three-hindi-channels-to-address-cci-concerns-122102600877_1.html
Passenger vehicle makers cheer as sales jump in month-long festival season
The month-long festival season that ended on Wednesday brought cheer to passenger vehicle makers as sales rose, buoyed by strong demand. Read more…
https://www.business-standard.com/article/automobile/albeit-chip-shortage-carmakers-end-the-festive-season-on-a-high-note-122102600848_1.html
Meta misses profit expectations as Q3 sales slip 4%, net income falls 52%
In the third quarter, Meta was buffeted by a widespread ad-spending downturn, posting a 4 per cent year-over-year revenue loss, while missing Wall Street estimates on the bottom line as significant metaverse investments continued to eat into earnings, reported Variety. Read more…
https://www.business-standard.com/article/companies/facebook-parent-company-meta-sees-sales-decline-by-4-in-third-quarter-122102700066_1.html
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