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Australia’s competition regulator takes Amazon to court over alleged unfair Prime subscription contract terms

The logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany’s headquarters. Sven Hoppe | Picture Alliance | Getty Images Australia’s competition regulator is taking Amazon‘s Australian unit to court, alleging that unfair terms in its Prime subscription contracts allowed the company ​to introduce advertising to its video streaming platform....
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In clean-up drive, ex-CEC Rajiv Kumar named HDFC chairman

In clean-up drive, ex-CEC Rajiv Kumar named HDFC chairman MUMBAI: The HDFC Bank board has appointed former chief election commissioner and ex–finance secretary Rajiv Kumar as chairman of the bank, subject to RBI approval. Starting June 30, the board has proposed a four-year term. The appointment ends uncertainty over the next chairman, following the sudden...
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Manufacturing powers industrial output growth of 5.1%

Manufacturing powers industrial output growth of 5.1% NEW DELHI: Industrial production grew 5.1% in May 2026, as against 3.4% a year ago, on account of strong expansion recorded in electricity and manufacturing sectors during the month, pointing to a resilient domestic demand in the face of the West Asia conflict. Sequentially too, industrial production fared...
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Trump says he picks Sonderling to be labor secretary

Keith Sonderling, acting US secretary of labor, during a Senate Appropriations Subcommittee on Departments of Labor, Health and Human Services, and Education, and Related Agencies hearing in Washington, DC, US, on Tuesday, May 19, 2026. Al Drago | Bloomberg | Getty Images President Donald Trump posted on Truth Social on Monday that he would nominate Keith Sonderling, who is acting labor secretary,...
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Persistent CEO backs protocols amid Nagarro stock rally scrutiny

Persistent CEO backs protocols amid Nagarro stock rally scrutiny BENGALURU: Responding to concerns over unusual trading activity in Munich-based IT firm Nagarro’s shares ahead of the deal announcement, Persistent Systems CEO Sandeep Kalra said the company followed “a very strict protocol” and tightly controlled access to the transaction. His comments came after Nagarro chief executive...
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