New Delhi: Google abused the dominant position of its Android OS in India, using its “huge financial muscle” to illegally hurt competitors, antitrust authority Competition Commission of India (CCI) found during a report on its two-year probe seen by Reuters. Alphabet Inc’s Google reduced “the ability and incentive of device manufacturers to develop and sell devices operating on alternative […]
Tata Sons’ Power Move: A CEO For The First Time In Its History
Tata Sons Ltd., the company for India’s largest conglomerate, is considering an historic revamp of its leadership structure by creating a chief executive officer’s role to assist improve corporate governance, people engaged within the deliberations said. Under the plan being proposed, the CEO will guide the sprawling businesses of the 153-year-old Tata empire, while the chairman will oversee the chief executive […]
Moratorium on government dues: Vodafone Idea lenders relieved as telco will see cash flow savings
Lenders to Vodafone Idea are a worried lot with the telco struggling to manage cash flows within the wake of subscriber losses and a mounting debt pile with AGR dues owed to the govt on top of it. the cupboard approval for a moratorium of 4 years on AGR and spectrum dues has come as an enormous relief for banks with an outsized exposure to the telco. The banking […]