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HC asks CCI, govt to file replies on Apple's plea
Financial Express Mumbai
|December 02, 2025
THE DELHI HIGH Court on Monday sought response of the Centre and Competition Commission of India (CCI) on a plea by tech giant Apple Inc challenging CCI's direction to furnish the firm's audited financial statements for several years.
Apple has also challenged the amendment to the Competition Act, 2002, which allows CCI to impose penalties based on a company's global turnover.
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Xi touts chip wins in New Year speech
PRESIDENT XI JINPING highlighted China's achievements in artificial intelligence and the chip industry in a triumphant New Year's Eve speech as he called for more confidence in the country's development path in the year ahead.
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No change in interest rates on small savings
THE MINISTRY OF Finance on Wednesday announced that interest rates on various small savings scheme will remain unchanged for the fourth quarter of FY26.
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After completing its pivot from scheduled delivery to quick commerce with 900 dark stores across 40 cities, Tata Digitalowned BigBasket is now setting its sights on achieving contribution margin positivity by the end of 2026, while aiming for 50-60% revenue growth.
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Safeguard duty on steel for 3 more yrs
INDIA HAS EXTENDED the safeguard duty on imports of certain steel products for three more years, starting with 12% and going down to 11%, reports Urvi Malvania.
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AS THE CALENDAR turns to 2026, expectations across industry, markets and policy circles are anchored around a firmer growth cycle, supported by reform momentum, tax relief and easing inflation, even as global uncertainties and base effects continue to temper projections.
2 mins
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Fiscal deficit during April-Nov widens to 62.3% of FY26 BE
Net taxes down 3.4% while capex rises 28%
1 min
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Why gig workers went on a strike on New Year's eve
The gig workers' strike on Wednesday had limited traction with some impact in a few cities due to the unorganised nature of the workforce. As online orders have risen, rider payouts have fallen with companies cutting costs, leading them to protest against low pay & poor working conditions, explains Banasree Purkayastha
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Warner Bros may reject Paramount's bid
WARNER BROS DISCOVERY will likely reject Paramount Skydance's amended $108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media giant's offer, according to a person familiar with the matter.
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Buckle up for a volatile year of Trump-Xi, Taiwan, Kim
THIS IS THE season when columnists turn to prophecy, and then congratulate themselves a year later for getting some of it right.
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