IndiGo disruptions: CCI seeks details from airline, DGCA; probe on dominant position under way

The Competition Commission of India (CCI) has sought information from IndiGo and aviation regulator DGCA to assess whether the country’s largest airline indulged in unfair business practices following widespread flight cancellations last month, PTI reported citing sources.In early December, IndiGo, which commands over 63% share of the domestic aviation market, faced major operational disruptions that…

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Samsung wants India to lead global design, production and innovation efforts

NEW DELHI: As it completes three decades of operations in India, Korean electronics giant Samsung has said that the company will shift gears and deepen its manufacturing, design, and innovation initiatives in the country.“The next decade will see more products built in India, designed in India, and innovated for the world,” the company said as…

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Tether freezes $344 million in USDT on Tron tied to ‘illicit activity’

Tether, the crypto company best known for issuing the world’s largest stablecoin, said Thursday it has frozen $344 million worth of USDT tokens across two wallets on the Tron blockchain after receiving requests from U.S. authorities. The freeze was carried out after authorities flagged the addresses for alleged links to illicit activity, the company said…

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