The Competition Commission of India (CCI) has uncovered significant violations of competition laws by leading food delivery platforms, Zomato and Swiggy. This investigation, which commenced in 2022 following complaints from the National Restaurant Association of India, reveals unethical practices that raise serious concerns regarding market fairness and consumer choice. The CCI’s findings indicate that Zomato […]
Indian Central Bank Chief Warns of Crypto Risks
India’s Central Bank Governor, Shaktikanta Das, has recently brought to light the significant risks that cryptocurrencies pose to traditional financial systems. Speaking at the Peterson Institute for International Economics’ Macro Week 2024, Das highlighted that cryptocurrencies’ nature as privately issued financial instruments could lead to fundamental challenges for regulatory oversight and monetary policy stability. Das […]
Global Standards for AI and Digital Public Infrastructure Advance Following Indian Initiative
The landscape of global telecommunications and technology is undergoing significant transformation, driven by the International Telecommunication Union’s (ITU) recent resolutions. The organization is set to prioritize the creation of new global standards for artificial intelligence (AI) and digital public infrastructure (DPI), reflecting a growing global consensus on the importance of interoperability, trust, and inclusiveness in […]
Nvidia Expands AI Push in India: Empowering Growth Through Language-Specific Tools
In recent years, India has emerged as a significant player in the global artificial intelligence (AI) landscape. Recognizing this potential, Nvidia has intensified its efforts to tap into the country’s burgeoning AI market. During a landmark AI summit in Mumbai, CEO Jensen Huang announced a collaboration with key Indian companies, including Reliance Industries and Infosys. […]
Starlink vs. Reliance Jio: The Fight for India's Satellite Broadband Market
The competition heating up in India’s satellite broadband market centers on two industry titans: Elon Musk’s Starlink and Mukesh Ambani’s Reliance Jio. With the potential to revolutionize digital access throughout the country, both companies are hedging their bets on satellite technology to fill gaps in internet coverage in remote areas. India’s recent decision to allocate […]
Indian Crypto Exchange Faces Investigation After $235 Million Crypto Hack
India’s cryptocurrency landscape is experiencing upheaval following a substantial cyberattack on one of its prominent exchanges, WazirX. The breach, which resulted in the loss of a staggering $235 million in cryptocurrencies, has drawn the attention of the Financial Intelligence Unit (FIU) of India, leading to an ongoing investigation into the incident. The exchange is cooperating […]
India's COAI Advocates for Contractual Telecom Licenses
The Cellular Operators Association of India (COAI) has highlighted the critical need to maintain the contractual structure of telecom service licenses amidst significant regulatory changes. As the Telecom Regulatory Authority of India (TRAI) prepares to introduce new categories of authorizations under the anticipated Telecom Act, 2023, COAI’s stance is not merely a formality; it represents […]
Appario Takes Legal Action Against Indian Antitrust Investigation
Appario, once a prominent seller on Amazon India, has initiated a legal battle against the ongoing antitrust investigation by the Competition Commission of India (CCI). The CCI alleges that Amazon and several sellers, including Appario, violated local competition laws by preferentially supporting certain vendors while sidelining others. This allegation comes in the wake of a […]