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    M&M Q2 Results: Profit rises 25% YoY to Rs 4,588 crore, revenue grows 25%

    M&M Q2 Results: Revenue from operations grew 25.4% YoY to Rs 57,514.98 crore in Q2FY27, against Rs 45,885.40 crore reported in the year-ago period.

    Mahindra rides the SUV boom, but margins feel the cost squeeze

    Mahindra & Mahindra reported a 25% increase in consolidated profit driven by strong SUV sales. The company's auto business grew significantly, while the farm division faced challenges with lower tractor volumes. Despite the overall profit growth, rising commodity costs pressured operating margins in the auto sector. Additionally, Mahindra's finance and technology divisions contributed positively to the overall performance.

    UK government announces public interest investigation into Sky deal to takeover ITV's media arm

    U.K. Culture Secretary Lisa Nandy plans to intervene in the 1.6 billion-pound deal between Sky and ITV. She aims to introduce new public interest considerations that reflect modern viewing habits. The Competition and Markets Authority will review the takeover for competition concerns. Nandy expects a report addressing media public interest by January 27, which may lead to further investigation. The deal aims to strengthen competition against global streaming companies.

    Meta halts new business terms after backlash over data scraping and AI use

    Meta has postponed the rollout of new terms affecting its business accounts due to significant backlash. Critics claimed these changes could lead to unauthorized data scraping and unfair competition against news publishers. A Norwegian court granted an injunction on the terms, highlighting concerns over Meta's market dominance. The U.K. competition authority has also initiated an investigation into these new business conditions.

    UK's CMA opens investigation into Meta's terms for publishers and advertisers

    The CMA said Meta's commercial terms, which Meta planned to revise on November 20 but has since put on hold, could allow it to collect content from publishers' websites and use it to develop and provide its own products and services.

    Britain seeks to break Apple's grip on contactless payments

    The Competition and Markets Authority said its proposals would result in "substantially lower access fees" and easier access to Apple's contactless technology, opening the market to competition from digital banks and other providers.

    The Economic Times
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