Truecaller, the global caller ID and spam blocking software company, has appointed Rishit Jhunjhunwala as its new CEO. Jhunjhunwala, who has been with the company since 2015, will assume his new role on January 9, 2025, succeeding current CEO Alan Mamedi, who will step down from operational duties.

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.