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As regulators get tough, Big Tech's easy ride is coming to an end

Now Google and Apple are getting slapped for those blatantly unfair advantages

Here's how India's elite homeowners have now become slumdog millionaires

The arc of the bankruptcy law in India bends toward power, not justice, and here, there is a power vacuum

Elon Musk calls Australian govt 'fascists' over social media laws

The proposed legislation is the latest fight between Australia's government and global tech giants

OpenAI fundraising set to catapult startup's valuation to $150 billion

The funding round is slated to be led by Thrive Capital, Bloomberg previously reported. Thrive declined to comment on the latest valuation

Microsoft to cut 650 jobs from its Xbox unit in third layoff this year

Xbox employees had been bracing for further reductions after Microsoft cut 1,900 jobs, many from Activision units and studios, in January

Berkshire Hathaway's Ajit Jain sells over half of his class A shares

Jain, one of Buffett's top lieutenants, disposed of 200 of the Class A shares for about $695,418 each, according to a regulatory filing Wednesday

'Perfectworld': Isaacman makes history with 1st private spacewalk

The space walk served as the main event for the ongoing mission in Earth orbit. Launched early Tuesday morning, the flight's primary goal is to test SpaceX's spacesuits in the vacuum of space

Joe Biden urged to reconsider $14 bn US Steel takeover by Nippon Steel

US Steel closed up 7 per cent in New York on Wednesday after recording the biggest intraday increase since Dec 18 earlier

Sebi considers new stricter rules to curb risks as tiny IPOs boom

Mandating a longer track record of profitability and greater scrutiny of financial statements are the other potential steps under review, the person said

HDFC in talks with int'l banks to offload $1 bn in loans to cut credit book

The proposed loan portfolio sales, with terms yet to be finalised, would take place through a debt instrument known as pass through certificates, the people added

JPMorgan to cap junior banker hours, BofA monitors workload amid complaints

JPMorgan Chase & Co. will limit junior banker hours to 80 per week in most cases, according to a person with knowledge of the matter

China asks its carmakers to keep advanced EV technology within country

The instructions come as companies from BYD Co. to Chery Automobile Co. firm up plans to build factories in Spain to Thailand and Hungary as their innovative EVs make inroads in foreign markets

SpaceX's rival AST SpaceMobile soars 1,300%; now comes the satellite launch

AST's stock is up about 1,300% since hitting a record low in April and the best performer in the small-capitalization Russell 2000 Index over the past six months

One Bavarian Nordic smallpox shot 58% effective against Mpox, shows study

One vaccination provided about 58 per cent protection against Mpox infection, researchers found in the study

Human activity imperiling planet's critical life-support systems: Study

Looking at necessities of a livable Earth - including the climate, freshwater systems, biodiversity and soil nutrients - the researchers find almost all have crossed crucial thresholds

Harris-Trump US Presidential debate's 67.1 mn viewers top Trump-Biden

Vice President Harris targeted the former president for his felony convictions, his wealth and his role in overturning the federal right to an abortion

Red Sea crisis produces winners & losers in Asia as freight rates spike

Chinese shippers including Cosco Shipping Holdings Co. saw earnings lifted by higher revenue from its container shipping business

Google debated cutting fees for ad exchange 8 yrs ago, ex officials testify

In a trial that kicked off this week in federal court in Alexandria, Virginia, antitrust enforcers allege that Google has monopolised the technology used to buy and sell online display advertising

Honda Motor cuts jobs in China, pauses production at three plants

The automobile industry's rapid transition toward EVs and fierce competition in China have hurt sales and earnings of foreign automakers, including Japanese, American and German

IBM shares near record level as company shifts focus to software, AI

International Business Machines Corp. is up 26 per cent this year, beating tech giants like Apple Inc., Microsoft Corp., Amazon.com Inc. and Alphabet Inc