Google may challenge CCI verdicts; Prosus says Swiggy, PayU showing strong growth

The verdicts may hurt developers in the country as it means they may have to develop apps with different specifications for different app stores.

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Amazon plans to invest $1 billion in movies for theaters

Amazon will release a smaller number of films in theaters next year and increase its output over time. That number of releases puts it on on a par with major studios such as Paramount Pictures.

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ONDC to provide opportunities for innovation, growth for startups, ecommerce ecosystem players: CEO T Koshy

Ushering in an era of open-source network for digital commerce, ONDC chief Thampy Koshy lays out the blueprint for revolutionising the Indian ecommerce landscape, one where buyers and sellers enjoy equal opportunity. At ET India Rising, powered by Visa, Koshy maps out the road ahead for India’s ONDC and the opportunities it presents for ecosystem players and startups to innovate and grow.

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PE houses, VCs can no longer stretch their fund's life to avoid fire sale

The Indian capital markets regulator has made it unambiguously clear that funds have to close and liquidate within the specified period even if a predominant number of investors who have contributed to a fund pool give their consent to extend the tenure of the fund.

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As Elon Musk cuts costs at Twitter, some bills are going unpaid

Once Musk took over the company, he refused to reimburse travel vendors for those bills, current and former Twitter employees said. Musk's staff said the services were authorized by the company's former management and not by him. His staff have since avoided the calls of the travel vendors.

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FTX was run as 'personal fiefdom,' faces hacks, missing assets, attorneys say

In the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal. The collapse has left an estimated 1 million creditors facing losses totaling billions of dollars.

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Sam Bankman-Fried's FTX, senior staff, parents bought Bahamas property worth $300 million

While it is known that FTX and its employees bought real estate in the Bahamas, where it established its headquarters in September last year, the property records show for the first time the scale of their buying spree and the intended use of some of the real estate.

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