Digital – Page 33 – storyboard18

Artificial Intelligence: A new frontier for competition regulation, says CCI chief

The rise of big tech and e-commerce platforms presents unique regulatory challenges due to their scale, intricate ecosystems, and rapid pace of innovation. (Image: nahrizul-kadri via Unsplash)

CCI Chairperson warns of AI’s potential to facilitate cartels, outlines strategies for transparent and accountable regulation.

CAIT writes to Piyush Goyal seeking action against q-comm firms

Piyush Goyal emphasised the importance of updating laws to keep pace with technological advancements.

Traders’ body CAIT’s National President, BC Bhartia, has accused quick commerce platforms of misusing funds received through Foreign Direct Investment (FDI)

Financial transactions at Mahakumbh anticipated to be between Rs 2 lakh crore and Rs 3 lakh crore

According to staffing and recruitment services firms, the 45-day spiritual festival is projected to generate around a million gig and temporary jobs this season.

State officials view the Mahakumbh as a cornerstone of their broader strategy to establish Uttar Pradesh as India’s premier destination for religious and cultural tourism.

E-comm FMCG market to hit $100-105 bn by FY2025; digital transformation reshapes landscape

Saugata Gupta, CEO of Marico

The e-commerce FMCG market in India is expected to reach $100-105 billion by FY2025. Success will depend on balancing traditional operations with digital capabilities, keeping products affordable and accessible, and creating personalized customer experiences, says Marico’s MD and CEO, Saugata Gupta.

India’s digital payment surge drives growth in cashback and promo code adoption

The conversion for cashback, that is clicks to orders, has increased to 5 percent in this festive season (Photo:Unsplash)

Brands are finding that cashback and promo codes are more than just promotional tools; they are key drivers of customer engagement.

Delhi HC blocks AGF Finlease from using “PhonePey Loan” over trademark infringement concerns

The court also directed GoDaddy, the domain name registrar, to take down the “PhonePey Loan” website and ordered the removal of posts on social media platforms.

Union Minister Pralhad Joshi launches key initiatives for consumer protection; focus on virtual justice, ecomm safety

The Minister launched several tools to further consumer protection, including the Jago Grahak Jago App, Jagriti App and Jagriti Dashboard

The Minister highlighted India’s growing e-commerce sector, with over 950 million users, and praised the Consumer Protection E-commerce Rules, 2020, aimed at safeguarding consumers in online marketplaces.

Google seeks to ease search agreements to avert tougher antitrust penalties

Under the proposed plan, these partnerships would become non-exclusive, granting device manufacturers and browser developers the option to switch default search engines each year.

In response to a recent US court ruling declaring its search practices illegal, Google suggests measures to avoid drastic remedies like divesting its Chrome browser.

Japan’s antitrust regulator poised to conclude Google violated law in search case

According to the lawsuit, these actions have resulted in unfair competition, damaging Ceneo’s business and undermining its ability to compete effectively in the market.

Watchdog to issue cease-and-desist order over smartphone contracts restricting web search competition.

Elon Musk’s X raises subscription rates in India

Under the new structure, the Premium+ plan—which offers an ad-free experience, priority support, and enhanced algorithmic visibility—has increased to Rs 1,750 per month on the web, up from the previous Rs 1,300.

New subscription rates took effect on December 21, 2024, while existing subscribers will be facing changes after January 20, 2025.