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Apple Withholds Data in India Antitrust Case, CCI Sets Final Hearing
The Competition Commission of India (CCI) said in an April 8 order that Apple has not submitted details of its financials and its views on the investigation since October 2024, and instead cited a separate case pending in the Delhi High Court where the company has challenged India's entire antitrust penalty law.
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Adani Power Boosts Electricity Supply To Bangladesh To Ease Shortages
Exports to Bangladesh from Adani's Godda coal-fired power plant in Jharkhand rose nearly 38% annually to about 2.25 billion kilowatt-hours (kWh) in the three months through December, Indian and Bangladeshi government data showed.
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Apple Challenges India’s Antitrust Penalty Law That Could Cost It $38 Billion: Report
Apple has approached the Delhi High Court to challenge an amended CCI penalty rule that lets regulators impose fines based on a company’s global turnover. The company argues the formula is arbitrary and disproportionate, noting it could face penalties of up to $38 billion if found guilty in an ongoing App Store investigation. The case is schedule...
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Apple Challenges Antitrust Penalty Law In India, Risks $38 Billion Fine
The challenge is the first against India's antitrust penalty law that since last year allows the Competition Commission of India (CCI) to use global turnover when calculating the penalties it imposes on companies for abusing their market dominance.
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Emirates' $38 Billion Shopping List In Dubai Comprises 65 Boeing 777-9s
The biennial Dubai Air Show opened Monday with hometown airline Emirates ordering 65 of Boeing's upcoming 777-9 aircraft.
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OpenAI Turns to Amazon in $38 Billion Cloud Services Deal After Restructuring
OpenAI has entered a seven-year agreement with Amazon worth $38 billion to purchase cloud services, after last week's restructuring that granted it more autonomy. The deal provides OpenAI access to hundreds of thousands of Nvidia GPUs, essential for training and operating its AI models, including ChatGPT, as it accelerates its artificial intelligen...
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OpenAI To Meta: How Tech Giants Are Pouring Billions Into AI Infrastructure
OpenAI and Amazon have signed a multi-year agreement worth $38 billion under which the e-commerce giant will provide the ChatGPT maker access to hundreds of thousands of Nvidia processors to train and run its artificial intelligence models.
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OpenAI Strikes $38 Billion Infrastructure Deal With Amazon AWS
ChatGPT-maker OpenAI signed a $38 billion deal Monday with Amazon's AWS cloud computing arm, as the artificial intelligence company continues on a major partnership spree that has also included Oracle, Broadcom, AMD and chip-making juggernaut Nvidia.
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Samsung Sees Q1 Profit Beating Estimates as Looming Tariffs Spur Chip, Phone Sales
Samsung Electronics on Tuesday flagged a much smaller-than-feared 0.2 percent fall in first-quarter operating profit. The world's largest memory chipmaker estimated an operating profit of KRW 6.6 trillion ($4.49 billion or roughly Rs. 38,608 crore) for the January-March period, well above a KRW 5.1 trillion (roughly Rs. 29,706 crore) LSEG SmartEst...
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Nvidia's Forecast Dampens AI Enthusiasm in Other Tech Stocks
Nvidia dropped almost seven percent and lost $200 billion (roughly Rs.16,77,898 crore) in stock market value after it forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line. A handful of other AI-related companies shed around $100 billion (roughly Rs. 8,38,948 crore) in combined value.
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Apple Withholds Data in India Antitrust Case, CCI Sets Final Hearing
The Competition Commission of India (CCI) said in an April 8 order that Apple has not submitted details of its financials and its views on the investigation since October 2024, and instead cited a separate case pending in the Delhi High Court where the company has challenged India's entire antitrust penalty law.
-
Adani Power Boosts Electricity Supply To Bangladesh To Ease Shortages
Exports to Bangladesh from Adani's Godda coal-fired power plant in Jharkhand rose nearly 38% annually to about 2.25 billion kilowatt-hours (kWh) in the three months through December, Indian and Bangladeshi government data showed.
-
Apple Challenges India’s Antitrust Penalty Law That Could Cost It $38 Billion: Report
Apple has approached the Delhi High Court to challenge an amended CCI penalty rule that lets regulators impose fines based on a company’s global turnover. The company argues the formula is arbitrary and disproportionate, noting it could face penalties of up to $38 billion if found guilty in an ongoing App Store investigation. The case is schedule...
-
Apple Challenges Antitrust Penalty Law In India, Risks $38 Billion Fine
The challenge is the first against India's antitrust penalty law that since last year allows the Competition Commission of India (CCI) to use global turnover when calculating the penalties it imposes on companies for abusing their market dominance.
-
Emirates' $38 Billion Shopping List In Dubai Comprises 65 Boeing 777-9s
The biennial Dubai Air Show opened Monday with hometown airline Emirates ordering 65 of Boeing's upcoming 777-9 aircraft.
-
OpenAI Turns to Amazon in $38 Billion Cloud Services Deal After Restructuring
OpenAI has entered a seven-year agreement with Amazon worth $38 billion to purchase cloud services, after last week's restructuring that granted it more autonomy. The deal provides OpenAI access to hundreds of thousands of Nvidia GPUs, essential for training and operating its AI models, including ChatGPT, as it accelerates its artificial intelligen...
-
OpenAI To Meta: How Tech Giants Are Pouring Billions Into AI Infrastructure
OpenAI and Amazon have signed a multi-year agreement worth $38 billion under which the e-commerce giant will provide the ChatGPT maker access to hundreds of thousands of Nvidia processors to train and run its artificial intelligence models.
-
OpenAI Strikes $38 Billion Infrastructure Deal With Amazon AWS
ChatGPT-maker OpenAI signed a $38 billion deal Monday with Amazon's AWS cloud computing arm, as the artificial intelligence company continues on a major partnership spree that has also included Oracle, Broadcom, AMD and chip-making juggernaut Nvidia.
-
Samsung Sees Q1 Profit Beating Estimates as Looming Tariffs Spur Chip, Phone Sales
Samsung Electronics on Tuesday flagged a much smaller-than-feared 0.2 percent fall in first-quarter operating profit. The world's largest memory chipmaker estimated an operating profit of KRW 6.6 trillion ($4.49 billion or roughly Rs. 38,608 crore) for the January-March period, well above a KRW 5.1 trillion (roughly Rs. 29,706 crore) LSEG SmartEst...
-
Nvidia's Forecast Dampens AI Enthusiasm in Other Tech Stocks
Nvidia dropped almost seven percent and lost $200 billion (roughly Rs.16,77,898 crore) in stock market value after it forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line. A handful of other AI-related companies shed around $100 billion (roughly Rs. 8,38,948 crore) in combined value.
