Landmark Financial News
14.08 / 11:35
14.08 / 08:26
markets
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Digital
Google
Landmark
Justice
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Google antitrust ruling: The big deal about Big Tech's monopoly power
Mint Quick Edit | Google's search monopoly ruling: Error 404? By locking more users into its ecosystem of services such as Gmail, Google Maps and YouTube, the company gains access to more user data, which in turn lets it develop newer services and better artificial intelligence technology. The court noted that Google accounts for 90% of global web searches, which denies other companies the opportunity to grow and compete with it. Google has inflated ad prices above free-market levels, it said, giving it the power to pay billions for default status and maintain its monopoly.
14.08 / 05:10
markets
UPS
Landmark
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reports
Updates
Stock market update: Nifty Bank index falls 0.2% in an upbeat market
State Bank of India(up 0.99 per cent), Federal Bank Ltd.(up 0.3 per cent), HDFC Bank Ltd.(up 0.18 per cent), Kotak Mahindra Bank Ltd.(up 0.07 per cent) and Bank of Baroda(up 0.07 per cent) were among the top gainers.
13.08 / 10:31
Landmark
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Justice
exclusive
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Courts
rights
Delhi HC asks Centre to clear its stand on PIL challenging exclusion of provision for unnatural sex in new criminal laws
Delhi High Court on Tuesday asked the Centre to clarify its position on a Public Interest Litigation (PIL) which stated that the new criminal laws Bharatiya Nyaya Sanhita (BNS) lacks a provision equivalent to Section 377 of the Indian Penal Code (IPC). Section 377 had previously criminalized «sodomy» and "unnatural sex," but was partially decriminalized by the Supreme Court in 2018, stated the plea. The bench, led by Acting Chief Justice Manmohan and including Justice Tushar Rao Gedela, has given the Union of India's counsel ten days to take instructions on the grievance raised in the PIL and fixed the matter for further hearing on August 27, 2024.
10.08 / 11:11
Citi
Citizens
Landmark
Platform
travelers
Traffic
Destinations
India introduces 8 national high-speed road corridors spanning 936 km, with investment of Rs 50,655 cr
India took a significant leap by introducing 8 national high-speed road corridors spanning 936 km. With an investment of Rs 50,655 crore, these corridors are set to revolutionise connectivity and boost economic growth across India, posted MyGovIndia on X, the citizen engagement platform of Government of India. These corridors will not only streamline transportation but also spur economic growth, making them a critical step forward in connecting India like never before.
06.08 / 19:03
Google
Landmark
Fighting
Justice
Department
Courts
International
In landmark Google ruling, a warning to companies about preserving evidence
U.S. District Judge Amit Mehta in Washington, D.C., lambasted Google for allegedly failing to preserve internal chats and abusing protections for legal communications, but he declined to formally sanction the company. The U.S. Justice Department had asked Mehta to punish Google for what the government called its «systematic destruction» of employee messages and «flagrant misuse» of the attorney-client privilege that shields communications with lawyers.
04.08 / 12:16
Landmark
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social
Equality
Courts
rights
BSP doesn't agree with Supreme Court's verdict allowing sub-classification within SCs, says Mayawati
BSP chief and former Uttar Pradesh chief minister Mayawati on Sunday said her party doesn't agree with the recent Supreme Court's verdict allowing sub-classification within Scheduled Castes. «The sub-classification of people within Scheduled Castes (SCs) and Scheduled Tribes (STs) has been permitted, our party doesn't agree with it at all,» Mayawati said while addressing a press conference here.
03.08 / 14:35
UPS
CEO
Landmark
Apple
economy
hospital
Destinations
ATDC signs an MoU with Tata Group subsidiaries to boost tourism in Assam
Assam Tourism Development Corporation (ATDC) signed an MoU with Amalgamated Plantations Private Limited (APPL) and the Indian Hotels Company Limited (IHCL), subsidiaries of Tata Group companies. The function held at Lok Sewa Bhawan in presence of Chief Minister Himanta Biswa Sarma and Chairman Tata Sons Natarajan Chandrasekaran. It may be noted that MD ATDC Padmapani Bora, CEO IHCL Puneet Chhatwal and MD and CEO APPL Sukhjeet Singh Malhotra signed the memorandum of understanding. As a part of the MoU, a Taj Resort and Spa will be opened with an investment of Rs. 120 crores. Moreover, under the MoU, Amalgamated Plantations Private Limited in collaboration with Indian Hotels Company Limited will establish hotel and hospitality infrastructure with modern facilities at Kaziranga. ATDC on behalf of Government of Assam will be acting as a nodal agency to implement the project.
03.08 / 13:21
UPS
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track
Adani Cement to set up unit in Bihar for investment for Rs 1,600 crore
Adani Cement-owned Ambuja Cements will be investing Rs 1,600 crore in the Nawada district of Bihar to set up a six-million-tonne cement grinding unit. This is not only the first investment by the Adani group in Bihar, but also the largest investment for the state from the cement industry. The project will be set up in three phases in the states, with the first phase entailing an investment of Rs 1,100 crore, a capacity of 2.4 million tonne, and completion targeted by December 2025. “This investment aligns with the State Government's development programs and our growth plans,” Pranav Adani, director of Adani Enterprises was quoted in a release. “State Government’s support in fast tracking and provisioning of all permits has made this landmark investment possible in short time,” he said.
03.08 / 11:07
31.07 / 00:13
markets
Citi
CEO
Landmark
2020
reports
International
Stellantis ships to Europe first fully electric cars produced in venture with China's Leapmotor
Carmaker Stellantis has shipped the first electric vehicles produced under a joint venture with China’s Leapmotor to Europe, with the first models to go on sale next month
30.07 / 21:01
24.07 / 16:30
markets
UPS
Provident
Landmark
Election
fencing
How looming tax law change could affect ultra-high-net-worth
HNW and UHNW clients are increasingly seeking more estate planning services. However, it’s also an area that’s currently underserved in the market, as Aaron White, chief growth officer and wealth advisor at Adero Partners, an independent RIA in California, attests.
24.07 / 11:51
markets
Digital
Landmark
Mobile
Apple
Schools
Investigations
Spain's antitrust watchdog opens investigation into Apple's app store
Spain's antitrust regulator said on Wednesday it had opened an investigation into possible anti-competitive behaviour by Apple's App Store, an allegation the tech giant denied.
24.07 / 02:10
Digital
Landmark
Healthcare
country
innovations
Schools
International
Abolition of angel tax marks a landmark reform benefiting startups: US India Forum
angel tax across all investor classes marks a landmark reform benefiting India's startup ecosystem, the US India Strategic and Partnership Forum (USISPF) said Tuesday and applauded the proposal in the Union budget to reduce tax rates for the foreign companies to 35 per cent. «India has long been a country of engineering and tech talent, yet there have been gaps in the innovation ecosystem. The abolition of the angel tax across all investor classes marks a landmark reform benefiting India's startup ecosystem. This important reform will stimulate increased startup funding from both domestic and international sources,» the US India Strategic and Partnership Forum (USISPF) said.
23.07 / 20:48
markets
UPS
Provident
Landmark
Election
fencing
How looming tax law change could affect ultra-high-net-worth
HNW and UHNW clients are increasingly seeking more estate planning services. However, it’s also an area that’s currently underserved in the market, as Aaron White, chief growth officer and wealth advisor at Adero Partners, an independent RIA in California, attests.
23.07 / 06:47
21.07 / 05:51
markets
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economy
show
country
Headlines
Charting the global economy: UK services inflation tops forecast
inflation in its services sector last month, retail sales weakened and the budget deficit exceeded estimates — highlighting a host of challenges for UK policymakers. Money markets see about a 40% chance that the Bank of England will lower interest rates next month, as officials balance signs of a weakening labor market with stubborn price pressures. The European Central Bank, meanwhile, left interest rates unchanged after last month’s landmark cut. The ECB is weighing whether euro-zone inflation is cooling sufficiently to allow further monetary loosening.
18.07 / 11:07
markets
UPS
Landmark
Enterprise
Trade
Updates
Stock market update: Nifty Realty index falls 0.32%
Shares of Macrotech Developers Ltd.(up 1.15 per cent), Mahindra Lifespace Developers Ltd.(up 0.64 per cent), Phoenix Mills Ltd.(up 0.46 per cent) and DLF Ltd.(up 0.14 per cent) ended the day as top gainers in the pack.
17.07 / 15:51
16.07 / 22:17
Landmark
Merit
Action
testing
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Relationships
DOL is overreaching its authority again, fiduciary rule critics tell Texas federal court
A coalition representing life insurance and annuity issuers told a federal court in Texas that the US Department of Labor’s new fiduciary rule overreaches its authority and flouts previous court rulings.
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