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As Microsoft defends its $69 billion Activision merger, the future of a record tech sector alliance rests with the court-thumnail

As Microsoft defends its $69 billion Activision merger, the future of a record tech sector alliance rests with the court

Federal antitrust officials have filed a lawsuit to stop the $69 billion deal, which they claim will hurt Microsoft’s competition with rivals in the game sector like Sony and Nintendo.

A federal judge must now determine whether to block Microsoft from consummating its acquisition of the video game company Activision Blizzard, which could be the most expensive merger in the history of the technology sector.

Business

Jun 30, 2023

Accounting Watchdog Fines PwC and KPMG for Audit Failings in Eddie Stobart Logistics-thumnail

Accounting Watchdog Fines PwC and KPMG for Audit Failings in Eddie Stobart Logistics

In a recent announcement, the Financial Reporting Council (FRC), Britain’s accounting watchdog, revealed that it had fined two of the world’s leading auditors, PwC and KPMG, for serious lapses in their auditing of Eddie Stobart Logistics (ESL) company during the years 2017 and 2018.

News

Jun 29, 2023

Ajay Banga, President of the World Bank, has been chosen to the list of Great Immigrants for 2023-thumnail

Ajay Banga, President of the World Bank, has been chosen to the list of Great Immigrants for 2023

Ajay Banga, 63, is expected to usher in transformative policies at the World Bank to battle poverty and address climate change, opening up chances for people all across the world,

News

Jun 29, 2023

P&G India would invest 2,000 crore to establish an export hub in Gujarat-thumnail

P&G India would invest 2,000 crore to establish an export hub in Gujarat

Procter & Gamble India will invest 2,000 crore to build a new personal healthcare manufacturing facility in Gujarat, which would serve as the company’s export hub. The plant will employ

News

Jun 29, 2023

TalentSprint, which is owned by the NSE Academy, earns Rs 100 crore in income in FY23-thumnail

TalentSprint, which is owned by the NSE Academy, earns Rs 100 crore in income in FY23

TalentSprint, an ed-tech startup, was bought in November 2020 by NSE Academy, a wholly-owned subsidiary of the National Stock Exchange. Since the acquisition, the Hyderabad-based company has performed admirably, surpassing the Rs 100 crore revenue mark in FY23.

Business

Jun 29, 2023

According to Microsoft CEO Satya Nadella, exclusive Activision games make no strategic sense-thumnail

According to Microsoft CEO Satya Nadella, exclusive Activision games make no strategic sense

On Wednesday, Microsoft CEO Satya Nadella said that keeping Activision games exclusive would “make no strategic sense” in response to antitrust worries that a proposed $69 billion merger of the two companies would unjustly consolidate power.

Business

Jun 29, 2023

The Adani Total Gas Ltd will invest Rs 20,000 crore over 8 to 10 years to expand city gas -thumnail

The Adani Total Gas Ltd will invest Rs 20,000 crore over 8 to 10 years to expand city gas 

According to its CFO, Adani Total Gas Ltd., a partnership between Gautam Adani’s billionaire group and French energy giant TotalEnergies, will invest between Rs 18,000 and Rs 20,000 crore over

Industry

Jun 29, 2023

On the cusp of $3 trillion in market value, Apple’s stock hits record highs-thumnail

On the cusp of $3 trillion in market value, Apple’s stock hits record highs

On Wednesday, Apple’s stock reached a record high and was just short of reaching a market capitalization of $3 trillion.

Business

Jun 29, 2023

Uniqlo intends to have a significant manufacturing footprint in India-thumnail

Uniqlo intends to have a significant manufacturing footprint in India

Fast Retailing, the parent company of Uniqlo, is attempting to establish a sizable manufacturing presence in India through 20 “production partners,” according to insiders who spoke to ET.

Business

Jun 29, 2023

$1 billion more! The third round of investments in Adani shares is made by GQG-thumnail

$1 billion more! The third round of investments in Adani shares is made by GQG

The boss of the Adani Group recently made headlines for an alleged swindle. In a study, the American short-selling outfit Hindenburg Research said that Adani’s business had pulled off the

Finance

Jun 28, 2023

CCI authorises Aditya Birla Fashion and Retail Limited’s acquisition of TCNS Clothing-thumnail

CCI authorises Aditya Birla Fashion and Retail Limited’s acquisition of TCNS Clothing

According to a CCI statement, the proposed combination comprises the acquirer Aditya Birla Fashion and Retail Limited (acquirer) acquiring 51% of the increased share capital of the target TCNS Clothing

Economy

Jun 28, 2023

Tata Sons challenges 1500 crore GST demand in High court on Docomo settlement.-thumnail

Tata Sons challenges 1500 crore GST demand in High court on Docomo settlement.

During a personal hearing held on June 16, Tata Sons steadfastly asserted that the tax demand was baseless, arguing that no goods and services tax should be imposed on liquidated

Economy

Jun 28, 2023


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