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US Federal Trade Commission asked a federal court in Seattle on Wednesday to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing «severe resource shortfalls in terms of both money and personnel.» Jonathan Cohen, an attorney for the FTC, told US District Judge John Chun during a hearing that the agency faces a «dire resource situation» amid cost cutting measures enacted under President Donald Trump's administration. «We have lost employees in the agency, in our division and on our case team,» Cohen said. Cohen's statements are the first clear indication of how large-scale efforts led by Trump advisor and Tesla CEO Elon Musk to shrink government are affecting the FTC, which enforces consumer protection and antitrust laws.

TechnipFMC plc to accelerate the delivery of integrated subsea infrastructure for future deepwater projects in India. «The collaboration will leverage TechnipFMC's integrated engineering, procurement, construction, and installation execution model, driving efficiency and innovation in execution,» the company said in a statement. This alliance will help Cairn advance its deepwater exploration ambitions, tapping into TechnipFMC's extensive expertise and cutting-edge technologies. «The agreement also incorporates the use of integrated front-end engineering and design, where early engagement optimizes project performance utilizing TechnipFMC's subsea production systems (SPS) and subsea umbilicals, risers, and flowlines (SURF) work scopes,» it said.

Niantic Labs, the company behind the popular game Pokémon Go, is selling its video game division to Scopely, a mobile game developer owned by Saudi Arabia, for $3.5 billion. As part of the deal, Niantic is transferring ownership of several of its mobile gaming titles, including Pokémon Go, Monster Hunter Now, and Pikmin Bloom, to Scopely. Niantic has faced challenges trying to recreate the success of Pokémon Go with its other augmented reality (AR) games.

Mitsubishi Chemical Group of Japan has evinced interest in entering the supply chain link in the semiconductor and electric vehicles sectors in India. There are plans to set up a project catering to the supply chain link in the semiconductor and EV sectors in the country, president and CEO of Mitsubishi Chemical Group Manabu Chikumoto, said at an interactive session of Bengal Chamber of Commerce and Industry here on Wednesday. «We are trying to find out some occasions to come to this market to expand our existence, together with some partners. It will be in the supply chain link to the semiconductor and EV sectors», he said. Chikumoto said the group has not identified any place for the proposed project.

BRISKPE on Wednesday said it has received the RBI's in-principle authorisation to operate as a payment aggregator for cross-border (PA-CB) transactions. The authorisation enables BRISKPE to operate as a dedicated PA-CB for both exports and imports under the Payment and Settlement Systems Act, 2007, BRISKPE CEO Sanjay Tripathy, said. As one of the first platforms to solely focus exclusively on cross-border payments, BRISKPE aligns with the RBI's updated regulatory framework introduced in October 2023, the company said. «With this approval, BRISKPE is equipped to provide seamless solutions for businesses struggling with inefficient international payment systems,» it added.

Johnston is set to join the firm from the beginning of April, shortly before Artemis senior partner Mark Murray retires at the end of June. Murray has spend nearly a decade leading the firm and 28 years with the business. Artemis poaches high yield analyst from Bank of America to bolster fixed income division He joined Artemis as company secretary in 1997, later becoming COO in March 2001. In January 2016, Murray took on the role of senior partner. He is now partner in Artemis Investment Management, a member of the management committee, and director of Artemis Fund Managers. ...

MGX has invested $2 billion worth of cryptocurrency into Binance, in what the world's largest cryptocurrency exchange said on Wednesday was its first institutional investment. Binance and MGX said in statements posted on their website that the investment was made in stablecoin — a type of cryptocurrency pegged to a fiat currency such as the dollar. A spokesperson for Binance declined to comment on which stablecoin the payment was made in.

Subscribe to enjoy similar stories. Saudi Arabia's upcoming second national airline, Riyadh Air, is expected to start operations in India in 2026. According to Tony Douglas, chief executive officer (CEO) of Riyadh Air, the airline is open to partnering with Indian airlines like Air India and IndiGo and Indian information technology (IT) companies for its digital infrastructure.

Introduced as part of broader government cost-cutting efforts, the idea has yet to gain firm ground in Congress, despite initial enthusiasm from some political quarters and the public.

Dan Ives has been Tesla's biggest cheerleader for years, but surprisingly even Ives has sounded the alarm over CEO Elon Musk's increasing forays into politics and other business interests appear to be hurting the company, according to a report.

Subscribe to enjoy similar stories. The biggest single-day fall in the price of IndusInd Bank shares on Tuesday, 11 March, wiping out more than a quarter of its market value, raises a number of questions. The sharp sell-off followed the lender’s disclosure of accounting discrepancies related to its derivative trades, triggering a spate of analyst downgrades.

The five billionaires, whose net worth fell are; Elon Musk, Jeff Bezos, Sergey Brin, Mark Zuckerberg, and Bernard Arnault, according to the Bloomberg report.

Air India and IndiGo, to capitalize on the growing demand in the Indian market, according to a top executive. In an interview with PTI, Riyadh Air CEO Tony Douglas noted the importance of the Indian subcontinent to the airline's expansion plans. «It's not secret for us the importance of India and therefore we'll look to explore see whether its of interest of both parties...we're interested in the opinions that Air India and IndiGo have got. Hopefully, very excited announcements,» he said.

Subscribe to enjoy similar stories. IndusInd Bank shares recovered on Wednesday after falling to its lowest level in one year as investors were reassured by statements made by its promoter Ashok Hinduja and CEO Sumant Kathpalia. The shares of the private sector lender had crashed by 27% on Tuesday after the bank disclosed discrepancies in accounting for foreign currency derivative trades over a period of five to seven years.

Subscribe to enjoy similar stories. ASK Investment Managers, one of India’s largest portfolio management services (PMS) funds, has focused on high-quality, high-growth, Indian entrepreneur-owned companies that prioritise earnings growth, capital efficiency and strong management, Sunil Rohokale, co-founder, CEO & managing director of ASK Asset & Wealth Management Group told Mint. ASK’s flagship Indian Entrepreneur Portfolio, with ₹11,908.74 crore in assets under management (AUM), has delivered 5.78% returns over the past year and a compound annual growth rate (CAGR) of 13.84% over the past five.

Reserve Bank of India (RBI) has asked the IndusInd Bank board to propose names of two external candidates for the positions of Chief Executive Officer and Chief Operating officer, according to sources familiar with the matter. This development comes after the banking regulator last week approved a one-year extension for Sumant Kathpalia’s reappointment as CEO. Kathpalia’s term, originally set to end on March 24, 2025, will now conclude on March 23, 2026. RBI & IndusInd Bank did not respond to an email query seeking clarification.

Subscribe to enjoy similar stories. WASHINGTON—President Trump’s stop-and-start trade policy and uneven economic messaging have rattled some of his own allies, triggering a flood of calls from business executives, concerns from Republican lawmakers and tension in the White House.

U.S. inflation data later in the day to gauge the Federal Reserve's interest rate path amid trade tensions and economic slowdown fears.

Nicolas Breteau, CEO of the TP ICAP group, said today (11 March) that «our focus is a listing in the US», which could occur as early as Q2 2025.  An IPO across the Atlantic for Parameta Solutions was already touted last year, when TP ICAP cited a need for better liquidity for the broker's data arm in its half-year results.  Number of UK companies mulling moving their listing doubles in 12 months TP ICAP has shed 1.4% off its share price since markets opened today, according to data from MarketWatch.  Meanwhile, reports from Sky News revealed that domestic alarm systems provider ...

Southwest Airlines said Tuesday that it will begin charging customers a fee to check bags, abandoning a decades-long practice that executives had described last fall as key to differentiating the budget carrier from its rivals. Southwest, which built years of advertising campaigns around its policy of letting passengers check up to two bags for free, said people who haven't either reached the upper tiers of its Rapid Rewards loyalty program, bought a business class ticket or hold the airline's credit card will have to pay for checked bags. The airline did not outline the fee schedule but said the new policy would start with May 28 bookings.

Tesla CEO Elon Musk seemed to be visibly uncomfortable and almost close to tears during a Fox News interview when questioned about the performance of his businesses. Musk told Fox Business that he was running so many businesses 'with great difficulty' as shares of his automotive company Tesla suffered their worst drop in a half-decade and as his social media firm X experienced several outages. Musk also said during an interview on Fox Business that he expected to remain in the Trump administration for another year. Musk's company Tesla, his electric vehicle company, experienced a significant drop in share prices and a global decline in sales. The company's shares have tanked by 15.4 precent, marking its steepest fall since September 2020. ALSO READ: Eliminated 25 years ago, this highly contagious viral illness is on the rise in US: Check its symptoms