The Competition Commission of India (CCI) has reportedly found food delivery giants Swiggy and Zomato in breach of the country's competition and antitrust laws. According to non-public documents obtained by Reuters, the CCI alleges that both companies have engaged in practices that favor certain restaurants on their platforms, undermining fair competition.

US Federal Reserve Chair Jerome Powell made it clear on Thursday that he would not resign from his position early if asked to do so by President-elect Donald Trump. Speaking at a press conference following the announcement of a quarter-point interest rate cut, Powell emphasized that the structure of the Federal Reserve and its laws protect the independence of the institution, including provisions that prevent the firing of any of the seven governors.

Sharan Hegde, the CEO of the financial literacy company 1% Club, has come under scrutiny following the announcement of a 15% workforce reduction. The layoffs have sparked debate, particularly given Hegde’s status as a prominent financial influencer, known for his career built around financial education and promoting sound money management.