Friday, August 14
Social media companies have collectively deactivated nearly five million accounts belonging to Australian teenagers just a month after a world-first ban on under-16s took effect, the country's internet regulator said on Friday, a sign the measure has had a swift and sweeping impact. The eSafety Commissioner said platforms had so far removed about 4.7 million accounts held by under-16s to comply with a law that went live on December 10. "Today, we can announce that this is working," Prime Minister Anthony Albanese told a news conference. "This is a source of Australian pride. This was world leading legislation, but it is now being followed up around the world." The implementation of the ban is being closely watched by regulators worldwide. France, Malaysia and Indonesia have all
Mumbai: Telecom operators including Bharti Airtel and two Tata group units are considering a collective representation to the government seeking equitable treatment on adjusted gross revenue (AGR) liabilities, after the government granted a 10-year debt holiday to Vodafone Idea (Vi), said people with knowledge of the matter.Relief to one company has prompted operators to explore coordinated engagement with the government, with legal options also under review, they said. “We are evaluating multiple routes, including a collective approach to the government, but payments will not commence unless there is uniform treatment across companies,” said one of the executives cited.Tata Teleservices (TTSL) and Tata Teleservices Maharashtra (TTML) together have the thirdlargest AGR liabilities of `
ET Intelligence Group: Indian pharmaceutical companies are set for a mixed third quarter, with domestic formulations and specialty launches driving growth amid US pricing pressure. The US generics segment is likely to gain from new launches while contract research, development, and manufacturing organisation (CRDMO) and active pharmaceutical ingredient (API) segments may deliver mid-single-digit growth. Sun Pharmaceuticals and Lupin may lead amid specialty traction. Cipla and Dr Reddy's Laboratories face softer US sales. Divi's Laboratories stands out with double-digit growth from custom synthesis, and Aurobindo is likely to post steady gains on injectables and efficiency. Sun Pharma's revenue is expected to grow in mid-single digit driven by specialty and domestic segments. It is expected
Mutual fund managers shuffled bets across new-age businesses, IT and bank stocks in December ahead of the third quarter results season in January. Within new-age businesses, they purchased online food delivery platforms Swiggy and Zomato, whose shares had underperformed since October. 126555055 While fund managers bought Tata Consultancy Services and trimmed exposure to Infosys, they rotated allocations in InterGlobe Aviation, parent of IndiGo, which bore the brunt of a selloff after the mass flight cancellations by the airline operator.
