BUSINESS
UK Regulator Initiates Antitrust Investigation into $19 Billion Vodafone-Three UK Merger
The merger between Vodafone UK and Three UK, with Vodafone holding a 51% stake and CK Hutchison 49%, is considered a significant consolidation in the UK telecommunications market. The CMA is inviting views on how the merger might impact competition until February 9, and the statutory deadline for the investigation is March 22.
Scindia Hails Historic Partnership as Tata and Airbus Join Forces in Helicopter Production
The collaboration involves Tata Advanced Systems Limited (TASL), a subsidiary of Tata Group, and Airbus Helicopters setting up the FAL in India. The facility will produce Airbus' best-selling H125 helicopter from its civil range for both the Indian market and export to neighboring countries.
Tesla's Market Value Dips as Shares Plummet, Erasing $73 Billion in Value
During an earnings presentation, the electric vehicle giant revealed that its sales growth for the current year might be significantly lower than the previous year, citing the ongoing development of a "next-generation" vehicle, likely a more affordable model.
Krutrim Achieves Unicorn Status as India's First AI Company with Latest Funding Round
The substantial funds acquired will play a pivotal role in advancing Krutrim's mission to reshape the AI landscape, foster innovation, and expand its global footprint, as stated in an official release.
Akasa Air Secures 300 CFM LEAP-1B Engines for 150 Boeing 737 MAX Fleet Expansion
Akasa Air, which initiated its operations in August 2022, had previously placed orders for a total of 76 LEAP-1B-powered 737-8 aircraft. Notably, 22 of these aircraft are currently in service. Vinay Dube, the Founder and CEO of Akasa Air, expressed confidence in the enduring collaboration, stating, “This significant, long-term agreement is testament to the confidence that CFM International has in Akasa Air. Continuing to partner with CFM as our engine maintenance provider not only reaffirms our focus on operational reliability but equally underscores Akasa Air's relentless pursuit of world-class safety.”
Foxconn Chairman Young Liu Honored with Padma Bhushan Recognition
Liu is notably the only foreign recipient among the 17 Padma Bhushan awardees, as per the official announcement made on Thursday.
Apple Unveils Updates to iOS, Safari, and App Store in Anticipation of EU DMA Act
In a bid to enhance user experience while addressing privacy and security concerns arising from the DMA, Apple is introducing new controls, disclosures, and expanded protections.
LIC Receives RBI Approval to Acquire 9.99% Stake in HDFC Bank
The RBI has advised LIC to acquire the major shareholding in HDFC Bank within one year, specifically by January 24, 2025.
Unexpected Strength: US Economy Surprisingly Robust in the Fourth Quarter
While this growth rate was slower than the 4.9% recorded from July through September, when American consumers made substantial purchases, it surpassed the 1.5% anticipated by economists, as per FactSet estimates.
Samsung India Teams Up with Blinkit for Express Delivery of Galaxy S24 Series in 10 Minutes
This collaboration is aimed at addressing the substantial demand for Samsung's flagship S24 series in the Indian market.
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