Business
Seller body drags Flipkart to CCI for unfair practices
The Forum for Internet Retailers, Sellers & Traders has filed a complaint against Flipkart with the Competition Commission of India. FIRST alleges Flipkart uses deep discounting and a fund reservoir to distort competition. This mechanism allegedly benefits preferred sellers and excludes smaller retailers from the marketplace. The complaint details how Flipkart’s practices impact independent sellers’
Top Stories
Kylian Mbappe makes unwanted World Cup history with first-ever …
Kylian Mbappé missed the first World Cup penalty of his career during France’s 2-0 quarter-final win over Morocco, becoming only the second French player to fail from the spot in regulation time at the tournament. After a lengthy VAR review and Yassine Bounou’s save, Mbappé bounced back with a stunning second-half goal to send France
Business
KKR-backed Lighthouse to buy Gurugram-based Pathways School
Lighthouse Learning Group is acquiring Pathways School Gurgaon for approximately Rs 1,500 crore. This transaction marks a significant deal within India’s school education sector. The school operates as a company, which may have influenced its valuation. Lighthouse Learning has recently acquired other educational institutions in the region. New owners might adjust costs and fees to
Business
TCS Q1 revenue rises 2.7%, company adds over 9,000 to workforce
TCS reported June-quarter revenue of $7.6 billion, showing a modest year-on-year increase. The company added over nine thousand employees, marking significant workforce expansion. Consolidated net profit saw a sequential decline after a one-time legal charge. Operating margins decreased due to annual wage hikes, with a goal to return to twenty-five percent. TCS expects AI to
Top Stories
Iran’s Khamenei buried in Mashhad four months after US-Israeli strikes killed him
Iran’s Supreme Leader Ayatollah Ali Khamenei was buried in Mashhad after a week of ceremonies. He ruled Iran for nearly thirty-seven years and died in recent airstrikes. Large crowds gathered for funeral processions which brought daily life to a standstill. His eldest son led prayers, but his successor was notably absent from the burial. This
Top Stories
FIFA World Cup: France join Germany and Brazil in elite club as they become …
In a thrilling display of skill, France booked their place in the semifinals of the World Cup for the third consecutive time, overcoming Morocco with a convincing 2-0 victory. Goals by Kylian Mbappé and Ousmane Dembélé propelled Les Bleus forward, placing them in league with legendary teams like Germany and Brazil. They will face the
