The Central Consumer Protection Authority (CCPA) has mandated e-commerce platforms in India to conduct self-audits within three months to detect and eliminate deceptive "dark patterns." This initiative aims to protect consumers from manipulative interface designs that lead to unintended actions. Platforms are also encouraged to submit self-declarations confirming compliance with anti-dark-pattern norms to foster transparency and build consumer trust.
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Brazilian aerospace giant Embraer is planning to significantly increase its sourcing from India and may even establish a final assembly line if it secures a firm order for 200 aircraft from Indian clients. Currently, Star Air is the sole Indian airline using Embraer planes. The company is in talks with Air India, IndiGo, and several startups for potential orders.
Yes Bank shares plunged 7.4% to Rs 21.55 following reports of a 3% equity stake changing hands via block deals, potentially involving a PE investor.
Asia's factory activity experienced a decline in May, impacted by weak demand from China and the lingering effects of US tariffs. Manufacturing operations in Japan and South Korea continued to contract, while concerns over potential US automobile tariffs created uncertainty. China's manufacturing sector also showed contraction, signaling a broader economic slowdown in the region.
The Adani group has refuted a Wall Street Journal report that alleged connections between its businesses and Iranian LPG, labeling the claims as unfounded and malicious. Adani group clarified that it does not handle any cargo from Iran at its ports or manage ships owned by Iranians, strictly adhering to this policy across all its ports.
Bhavye Khetan, a UC Berkeley graduate, ignited a debate about startup funding by creating a fake founder persona. He secured responses from 27 VCs, with four requesting calls, despite having no product or pitch. Khetan's experiment highlights concerns that pedigree and buzzwords may overshadow substance in venture capital evaluations.
Donald Trump suggests resuming large-scale trade with Russia after the Ukraine war, but experts cite significant obstacles. Hundreds of foreign companies have exited Russia since the 2022 invasion, facing asset seizures and legal instability. Russia's focus on military production and stringent regulations further deter US firms, making a swift trade revival unlikely despite potential sanction relief.
Infosys promoters are set to receive a substantial dividend payout of Rs 2,330 crore, driven by their significant 14.6% stake in the company. Nandan Nilekani and NR Narayana Murthy will earn Rs 175 crore and Rs 65 crore respectively, while even the grandchildren of promoters, like Ekagrah Rohan Murty, are benefiting from substantial dividend earnings.
The OECD has downgraded its global economic growth predictions due to the escalating trade war spurred by US tariffs. The revised forecast indicates a slowdown to 2.9% for both 2025 and 2026, impacting the US significantly with reduced growth projections and rising inflation. The organization urges countries to seek agreements to avoid further trade fragmentation.
Aakash Educational Services has petitioned the NCLT in Bengaluru to dismiss Byju's petition, requesting that EY and Ajay Shah be included. AESL alleges a conflict of interest, pointing to EY's prior advisory positions in transactions now being challenged by Think & Learn's resolution professional. AESL claims EY played a key role in financial and legal matters.
The Mumbai consumer commission has directed Flynas, a Saudi-based budget airline, to compensate a passenger Rs 1.25 lakh for losing her baggage during a trip from Istanbul to Mumbai via Riyadh. The commission criticized the airline's lack of effort in tracing the lost bag and failure to attend the hearing, deeming their conduct as "mala fide negligence."