Samsung mourns loss of Co-CEO Han Jong-hee

A company spokesperson confirmed that Han died in hospital while receiving treatment. Samsung has not yet named a successor.

Last week, Han chaired Samsung’s shareholder meeting, where he and other executives faced tough questions about the company’s failure to capitalise on the AI market, which contributed to its weak stock performance.

EaseMyTrip acquires 49% stake in Big Charter to make luxury air travel more accessible in India

The central agency, reportedly, also conducted searches at the premises of Nishant Pitti, founder and chairman of the online travel booking platform, EaseMyTrip.

According to EaseMyTrip, the proposed acquisition will enable the company to capitalize on high-margin segments like charter services and non-scheduled operator Permit (NSOP) operations

CCI stepped up cartel investigations with 35 probes in five years: FM Sitharaman

Notably, last week, the offices of Dentsu, Omnicom, Havas, Madison, IPG, GroupM, Publicis and industry bodies AAAI, ISA, and IBDF were raided over allegations of media cartelization.

The Finance Minister further stated that the Commission has a dedicated division for trend analysis and research across various economic sectors to gain a comprehensive understanding and detect potential anti-competitive activities.

Government proposes removal of 6% equalisation levy on online ads

The EU aims to strike a fully balanced agreement with Washington during Trump’s 90-day pause on further tariff hikes.(Image sourced from Moneycontrol)

Initially introduced under the Finance Act of 2016, the equalisation levy was applied to payments for online advertisement services and digital ad space.

GSMA board elects Gopal Vittal as new chair

Gopal Vittal is currently the Vice Chairman and Managing Director of the Bharti Airtel Group and sits on the boards of Bharti Airtel Limited, Airtel Africa PLC and Indus Towers.

Gopal Vittal will oversee the strategic direction of the organisation, which represents the world’s mobile operators and companies in the broader mobile ecosystem.

40% of couples spend over 7.5 Lakhs on wedding venues: Report

Wedding venue costs have risen significantly, with the average cost of a wedding venue now around 6 lakhs. (Image: aenl-weddings-godhydmIwgc via Unsplash)

A significant shift has been noted in generational preferences, with 62% of couples now belonging to Gen Z, an increase of 49% compared to the previous year. Meanwhile, Millennials make up 30% of couples getting married, although this demographic has seen a decrease of 54% compared to last year.