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Google accused the European Union of overreach by imposing a ₹2.4 billion ($2.6 billion) fine over how it favoured its own shopping services to the detriment of rivals. The Alphabet Inc. unit can't be expected to treat its competitors the same as it does its own businesses, lawyers for the US tech giant argued before judges at the EU's highest court.

₹200) and a coke ( ₹100), with the total being charged at ₹300. Our updated menu now offers any munchy paired and a glass of juice or coke at ₹200 (the beverage is complimentary).

Here is how securitization helps reduce the risk of default on loans taken by a borrower. Such loans are repackaged into interest-bearing securities and sold to investors, thus spreading the risk thin. That is also what a pass-through certificate, or PTC, does. They are a type of securitization where the investors are paid interest but the final principal depends on the repayment by the borrower. It is considered risky because investors may not get the principal in full if the borrower defaults.

Britain has invited China to its global artificial intelligence (AI) summit in November, with foreign minister James Cleverly saying the risks of the technology could not be contained if one of its leading players was absent. «We cannot keep the UK public safe from the risks of AI if we exclude one of the leading nations in AI tech,» Cleverly said in a statement on Tuesday.

IndiGo on Tuesday said it has stopped serving beverages in cans onboard flights and that passengers have the option to get a complimentary glass of juice or coke on purchase of any snack, amid a former Parliamentarian complaining that one cannot buy a soft drink during a flight. BJP member and former Rajya Sabha MP Swapan Dasgupta has complained that one cannot buy a soft drink in an IndiGo flight and said the airline must stop squeezing passengers through all sorts of extras. Against this backdrop, an IndiGo spokesperson on Tuesday said the airline has revamped its services to provide an efficient, sustainable, and affordable snack experience. «This initiative aligns with our commitment to Go Green, as it has saved thousands of cans from being thrown away,» the spokesperson said in a statement. The spokesperson said it has discontinued serving beverages in cans.

By David Lawder

Mesirow has added a high-net-worth and ultra-high-net-worth registered investment advisory firm in a deal which expands its wealth management offering.

The Reserve Bank of India on Tuesday approved the re-appointment of Sashidhar Jagdishan as MD, CEO of HDFC Bank. A chartered accountant by profession, Jagdishan has an overall experience of over 31 years and holds a Master’s degree in Economics of Money, Banking & Finance from the University of Sheffield, United Kingdom. He joined the Bank in 1996 as a Manager in the Finance function.

By Huw Jones

₹2,000 notes for cash-on-delivery (COD) payments for orders that are fulfilled by Amazon. This move aligns with the Reserve Bank of India's (RBI) directive issued on May 19, which removed ₹2,000 banknotes from circulation and gave the public until 30 September to exchange or deposit them. While orders fulfilled by Amazon will no longer permit ₹2,000 notes as payment, third-party courier services may still accept it, according to the e-commerce titan.

US Federal Reserve will opt to maintain its current interest rates during the meeting on September 19-20 despite persistent inflation levels exceeding the central bank's target range while the US economy remains resilient. The two-day Federal Open Market Committee (FOMC) meeting begins today (September 19) and its outcome is due on Wednesday (September 20). The US Fed has been raising rates since March 2022 and this could be the second time since then that the Fed may maintain a pause on interest rate hikes.

Last week, Bitcoin initiated a test of the $25,700 support level. During this time, investor interest remained robust, although there was a perceptible shift in sentiment away from this critical support threshold as the week unfolded.

Senator Elizabeth Warren has garnered further support in the Senate for her soon-to-be-released Digital Asset Anti-Money Laundering Bill.

MUMBAI : Indian Institute of Technology (IIT)-Delhi is overhauling its syllabus after a decade to weave in sustainability and bring in flexibility in engineering courses to engage the younger generation. The institute, established in 1961, is reaching out to India Inc, recruiters and education consultants to bring in more experiential ways of learning. The publicly funded institute is concerned that its corpus of ₹600 crore falls way short of what it needs— ₹10,000-12,000 crore—to build infrastructure and offer better options to grow the institute.

Over 200 people are expected to lose their jobs at Amsterdam-based Sustainalytics, the company announced.

The company has put the delisting floor price at Rs 292. Shares of Shreyas Shipping jumped over 7% intraday to the day's high of Rs 391.20 on the NSE. THL had on September 8, issued Detailed Public Announcement (DPA) national dailies announcing the floor price, which it said was determined as per the Sebi delisting regulations. On May 21, 2023, the company had informed about its intent to delist SSL from the exchanges. The proposed delisting was approved by the board of directors on May 24, 2023, and by shareholders of SSL through a special resolution on July 3, 2023.

₹375 apiece, SSL said in a release. Transworld Holdings had received in-principle approval for the proposed delisting of SSL from Indian stock market exchanges BSE and NSE on September 7. The proposed delisting was approved by the board of directors on May 24, 2023, and by shareholders of Shreyas Shipping & Logistics vide special resolution on July 03, 2023.

apprenticeship programmes expand, there is a need for effective last-mile delivery mechanisms so that the benefits of these initiatives reach the people who are most in need of the skills and training. This segment recently saw two initiatives: one led by the Ministry of Skill Development and Entrepreneurship (MSDE) and the other by TeamLease. To ensure the apprenticeship training framework reaches rural areas, the MSDE and the Common Service Centres (CSCs) have entered into a partnership. The CSCs will train 40,000 apprentices annually.

Indian Navy has placed orders for 68 warships and vessels valued at approximately Rs 2 lakh crore. As per a TOI report, this strategic move aligns with India's overarching goal of safeguarding its extensive geostrategic interests and countering China's expanding presence in the Indian Ocean Region (IOR). The Indian Navy, currently boasting 132 warships, 143 aircraft, and 130 helicopters, has received preliminary approval, known as 'acceptance of necessity' (AoN), for the construction of eight next-generation corvettes, nine submarines, five survey vessels, and two multi-purpose vessels within India in the forthcoming years. Despite grappling with the slow-paced construction in domestic shipyards, the phased decommissioning of aging vessels, and fiscal constraints, the Navy anticipates achieving a force level of approximately 155-160 warships by 2030. However, the figures remain dynamic.

Apprenticeship. The stipend is expected to range from Rs 12,500 to Rs 13,300 per month. One of the significant factor contributing to this growth is the extension of the Production-Linked Incentive (PLI) scheme for the automotive sector. Originally scheduled to run from 2022-23 to 2027-28, this scheme's extension promises to usher in a new era of growth and increased employment opportunities within the sector. The data has been gathered after a careful assessment of industry relations and an in-depth understanding of the apprenticeship market's demand dynamics. The anticipated boom in apprentice recruitment can be largely attributed to the sector's robust performance, which is influenced by macroeconomic factors and positive industry sentiments across all its segments. To meet the demands of the industry, upskilling and re-skilling initiatives have become a very important factor. Due to the dynamic nature of the industry, pursuing degree-linked apprenticeships in the automotive sector are emerging as a solution, offering access to sought-after roles such as Automotive Service Technicians, Assembly Line Operators, and Shopfloor Engineers. This is being done to align with technological transformations such as EVs and connected-car technologies. This trend is evident in various regions, including the states of Gujarat, Uttarakhand, Madhya Pradesh, and metropolitan cities like Pune, Chennai, and Bengaluru.

Australia's High Commissioner to India Philip Green on Monday said people are the living bridge between the two countries and that India is the first country to return to and beat pre-pandemic levels of travel to Australia. He said direct flights between the two countries have nearly tripled. «People are the living bridge between Australia and India. Australian PM @AlboMP was one of 100,000 Australians to visit India this past year, double the number before COVID-19.