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An Indian appeals court has ruled that Google's app store billing policy is anti-competitive, affirming findings from the Competition Commission of India. While the initial fine of 9.4 billion rupees was reduced to 2.2 billion rupees, the court upheld that Google abused its market dominance. This ruling adds to Google's ongoing global antitrust issues, including a significant fine from the European Union.
The UK's directive to remove Huawei 5G equipment due to security concerns has raised alarms about increased reliance on just two vendors, Ericsson and Nokia, potentially jeopardizing network resilience. Despite the removal efforts, many base stations still operate on Huawei technology, and the anticipated benefits of Open RAN have not materialized, leaving telecom operators anxious about future transitions. The limited vendor landscape could hinder the UK's ability to ensure security and innovation in its telecommunications infrastructure.
Bank of America can close accounts deemed inactive for three years or more, following state escheatment laws. Customers may receive a notification if their account is considered abandoned, and failure to act could result in funds being turned over to the state. To avoid this, the bank advises regular account engagement.
Goldman Sachs has shown confidence in Hindustan Aeronautics Ltd (HAL) and Zomato by purchasing significant shares in block deals on March 28, 2025. It acquired 385,774 shares of HAL at ₹4176.25 each, while also buying 6,007,412 shares of Zomato at ₹199.50 each, both from the Kadensa Master Fund. HAL's stock has surged over 35% in the past month, bolstered by positive earnings outlooks and new contracts with the Ministry of Defence.
BYD is set to invest $10 billion in its first electric vehicle factory in India, located near Hyderabad, after acquiring 500 acres of land. The facility will produce 600,000 EVs annually by 2032 and include a battery unit with a capacity of 20 GWh per year, reflecting India's growing attractiveness to global EV manufacturers.
President Donald Trump has signed a record-breaking 107 executive orders in just over two months of his second term, nearly tripling the count of Joe Biden at the same point. His directives focus on reducing federal regulations, immigration enforcement, and rolling back Biden-era policies, while also facing judicial challenges. Notable orders include the dismantling of the Department of Education, withdrawal from the WHO, and the establishment of a Bitcoin reserve.
Elon Musk criticized his government role as detrimental to his companies, claiming it limits his ability to lobby for their interests. He also condemned Minnesota Governor Tim Walz for mocking Tesla's stock decline, labeling him a "jerk" and expressing concern over declining birth rates and America's stability. Musk highlighted recent improvements in government financial tracking systems as lasting changes from the Trump administration's cost-cutting initiatives.
Elon Musk's AI firm xAI has acquired his social media platform X, formerly Twitter, for $33 billion, valuing xAI at $80 billion. Musk stated that merging their capabilities will unlock significant potential, although details of the deal remain unclear. Following his 2022 purchase of Twitter for $44 billion, Musk implemented controversial changes that led to a decline in revenue and advertiser flight.
Starlink, led by Elon Musk, may introduce premium pricing in India due to limited capacity, with current infrastructure supporting 180,000 users and a projected increase to 5.7 million by 2030. Pricing could be 2-3 times higher than traditional providers, as seen in other markets. Despite its potential to serve underserved areas, Starlink faces regulatory hurdles and competition from established telecom players, while awaiting key approvals.
Elon Musk reaffirmed his skepticism of LiDAR technology, stating that Tesla's reliance on cameras and AI is sufficient for self-driving capabilities. He criticized LiDAR as unnecessary and expensive, labeling it a "fool's errand." Interestingly, a recent earnings report revealed that Tesla has become the largest customer of LiDAR manufacturer Luminar, accounting for over 10% of its revenue.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Indian court rules against Google's app store billing policy as anti-competitive
08:00 29.03.2025
UK faces security risks amid Huawei 5G equipment removal and vendor reliance
06:07 29.03.2025
bank of america warns customers about potential account closures due to inactivity
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Goldman Sachs bullish on Hindustan Aeronautics and Zomato shares in block deals
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BYD to invest 10 billion dollars in first Indian electric vehicle factory
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trump signs record 107 executive orders in first months of second term
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03:30 29.03.2025
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