Google, Meta, and TikTok faced complaints from European Union consumer groups over alleged failure to curb financial scams on their platforms, exposing them to possible regulatory fines. Consumer groups said they identified 900 ads suspected of violating EU laws between December and March. The platforms removed only 27% of the ads, while 52% of the complaints were rejected or ignored.

Amazon posted a job opening for an Operations Manager in Hyderabad, which is being criticised for its requirements/qualifications. The job description included the requirement to stand/walk for 12 hours during shifts, lift up to 22kg and frequently bend and squat. "What does Amazon think of us Indians? Donkeys?" a user reacted, with another saying, "Amazon is bad in all countries."

Government on May 22 began its stake sale process through an Offer For Sale (OFS) in the Central Bank of India. Government plans to sell up to 8% stake in the bank. The floor price is ₹31 per equity share. The OFS will open for non-retail investors on May 22, while retail investors and employees can bid on May 25.

The rupee stayed under pressure near ₹96.37 per dollar as the RBI reportedly weighed steps including rate hikes, swaps and overseas dollar raising. Reuters reported heavy dollar sales through state-run banks, while Standard Chartered economists projected 50 basis points of rate hikes in FY27 as oil prices and inflation risks rise.

The 72-storey STG Star Living Project, marketed as Thane's tallest residential tower, has been stalled at the 10th floor since April 2023, Mumbai Mirror reported. A court-appointed resolution professional is now asking homeowners to pay ₹5,000/square feet extra to resume construction. Homebuyers said they've paid 45% of the apartments' costs already, and have refused to pay the extra amount.

India's first weather derivative based on Mumbai rains will allow trades based on how much Mumbai's rainfall will deviate from the 30-year historical average. If a construction company expects rain-related damages, it can buy contracts predicting that rainfall will be above normal. If this comes true, their business will be affected, but their losses will be offset by derivatives payouts.

British motorcycle brand Norton Motorcycles is finally preparing to enter India, and its first launch will reportedly be the flagship Manx R superbike. Backed by TVS Motor Company, the 1,200cc V4-powered motorcycle produces over 206 bhp and could become one of the most premium superbikes in the Indian market. The launch signals Norton's official India comeback after years of uncertainty.

Homegrown smartphone company Lava International has announced a massive Rs 1,100 crore investment plan over the next five years to expand electronics component manufacturing in India. The company plans to manufacture display modules, camera modules, PCBs, chargers, and enclosures domestically, aiming to reduce import dependence, strengthen India's electronics supply chain.

Tata Trusts chairman Noel Tata and Tata Sons chairman N Chandrasekaran are set to hold discussions ahead of the May 26 Tata Sons board meeting, ET Now reported. The meeting will have governance, strategy and a potential market listing talks on the agenda. Earlier, Noel had raised several concerns at Tata Group holding company's last board meeting on February 24.

Meta engineer Jeremy Bernier, fired in the latest 8,000 layoffs, revealed that the Chinese call Meta "Squid Game", "Hunger Games" and "Lord of the Flies". "Meta was easily the most toxic company I've worked for," Bernier said. "Save your own ass to survive...and throw someone else under the bus if you need to," he said on Meta's work culture.