Motilal Oswal Alternates closes sixth real estate fund at Rs 2,000 cr
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Hindustan Times
18 minutes ago
- Hindustan Times
Shashi Tharoor says ‘schoolyard bully' Trump picked ‘a wrong target'
After US President Donald Trump's recent "dead economy" barb against India amid the ongoing tariff row, Congress MP Shashi Tharoor said that the Republican leader has provoked the wrong country. Congress MP Shashi Tharoor on Friday said that India must also safeguard its own interests.(PTI) In an interview with India Today, the Congress MP slammed the US President for targeting New Delhi with what he called "insulting language" and called India a "wrong target" for Trump. "Trump is famous for his unconventional techniques. He will say and do anything to make a deal he wants. He may have picked the wrong target for insulting language," the Thiruvananthapuram MP said. Calling Trump a "schoolyard bully", Tharoor said, "India's self-respect was sacrosanct and simply not up for bargaining." "I don't believe it is right for Mr Trump to speak to India this way. Whoever is in the Indian government, whichever party is in power, our self-respect is simply not up for bargaining. As far as the substance is concerned, by all means keep a cool head, by all means try to negotiate over the next three weeks and try to explain to Americans why we have certain red lines. We have 700 million people in our country who are dependent on agriculture. We cannot sell them down the river with subsidised American grains flooding our market. There are other areas where we might be able to show some flexibility and some give," the Kerala MP was quoted as saying by India Today. Trump's tariff war against India Trump's controversial remarks came amid escalating tensions, with the US imposing steep tariffs on Indian goods and accusing India of maintaining some of the "highest tariffs in the world." On August 6, the US announced an additional 25 per cent tariff on all Indian imports, in addition to an existing 25 per cent duty, taking the total duty to 50 per cent effective August 27. The White House said the measure responds to India's continued purchase of Russian oil. The imposition of an additional 25% duty on India is a 'national security issue' associated with New Delhi's 'abject refusal to stop buying Russian oil', White House trade adviser Peter Navarro has said. India will have to look after its own interests: Tharoor Congress MP Shashi Tharoor on Friday said that India must also safeguard its own interests. "What is happening is concerning. A country with which we had close relations and worked as strategic partners. If that country has changed its behaviour, then India will have to think about many in the coming two to three weeks, we can hold talks and find a way out. India will also have to look after its own interests," Tharoor said.
Time of India
19 minutes ago
- Time of India
Google's antitrust suit: SC admits cross appeals
The Supreme Court on Friday admitted a batch of cross-appeals by Google Inc., its related companies, the Competition Commission of India (CCI), and the Alliance Digital India Foundation against a National Company Law Appellate Tribunal's (NCLAT) March order that partially upheld the antitrust regulator's findings that Google abused its dominant position in its Play Store policy.A bench comprising Justice PS Narasimha and Justice Atul S Chandurkar said it will hear the case in Inc and its related companies—Alphabet Inc, Google Ireland, Google India, Google India Digital Services—and others have challenged the March 28 judgment by the NCLAT, which largely affirmed the CCI's core findings that Google abused its dominant position in multiple markets in the Android mobile device ecosystem through its Play Store policies and engaged in unfair promotion of Google Pay, thereby violating Section 4(2)(e) of the Competition tech companies have also challenged the NCLAT's May 1 order that corrected its "inadvertent error" in its original judgment, reinstating CCI's two key data-related directives, which require the tech giant to disclose its data policies and refrain from leveraging billing data for competitive CCI's October 2020 order had penalised Google for allegedly exploiting its dominant position in markets such as online search and the Android app store. The competition watchdog had imposed a penalty of Rs 936 crore against the tech giant and its companies for engaging in anti-competitive behaviour by mandating the use of its Google Play Billing System for app purchases, while exempting its own applications like YouTube from similar commission structures. The antitrust body had also directed Google to cease these practices, including allowing third-party billing and ensuring data the appellate tribunal affirmed the CCI's s order that Google imposed unfair and discriminatory conditions on app developers through mandatory use of Google Play billing system for paid apps and in-app purchases, it set aside the competition watchdog's findings regarding denial of market access and restriction of innovation on the grounds that Google's billing services constituted less than 1% of total UPI transactions and that there was insufficient evidence of market foreclosure or hindrance to technical original penalty of Rs 936.44 crore was also reduced by the NCLAT to Rs 216.69 crore by limiting it to Play Store-specific revenues rather than Google's global turnover. The appellate tribunal also rejected some findings of the antitrust body's order, which the CCI has challenged now in the startups, including People Interactive India (operator of Shaadi. com), Mebigo Labs (owner of Kuku FM), the Indian Broadcasting and Digital Foundation, and the Indian Digital Media Industry Foundation, had moved the CCI seeking a probe into Google's functioning.
Time of India
19 minutes ago
- Time of India
Infibeam Avenues PAT rises 70 pc to Rs 85.5 cr in Q1
Synopsis Infibeam Avenues on Friday said its profit after tax (PAT) rose over 70 per cent to Rs 85.50 crore in the June quarter mainly on the back of enhanced pricing control through AI deployment, which improved monetisation and merchant experience.
