

A couple who was seriously injured in a car accident involving an Uber driver lost their bid to take legal action against the company in court. The New Jersey court of appeals ruled in favor of Uber, stating that the arbitration provision in its terms and conditions was valid and enforceable. The couple's daughter had previously clicked "agree" to the updated terms of use while ordering food on the Uber Eats app. The ruling has raised concerns about the power of large corporations and the impact of hidden contractual language on consumer rights.
Uber Accident Victims Denied Lawsuit Due to Arbitration Clause
Background In September 2022, a New Jersey court of appeals ruled in favor of Uber in a case brought by a couple who were seriously injured in a car accident involving an Uber driver. The couple argued that Uber was liable for their injuries because the driver was negligent. However, the court ruled that the couple had agreed to an arbitration provision in Uber's terms and conditions when their daughter clicked "agree" while ordering food on the Uber Eats app. This provision requires disputes to be resolved through arbitration instead of court.
The Court's Reasoning The court found that the arbitration provision was valid and enforceable. The court noted that the couple's daughter had the opportunity to review the terms of service before clicking "agree." The court also found that the arbitration provision was not unconscionable, as it did not deprive the couple of their fundamental rights.
Consumer Rights Concerns The court's ruling has raised concerns about the power of large corporations and the impact of hidden contractual language on consumer rights. Critics argue that arbitration provisions can be used to unfairly deprive consumers of their right to seek redress in court. They also argue that consumers may not be aware of these provisions when they agree to terms of service online.
Top 5 FAQs

Silver prices on the MCX have skyrocketed for the third consecutive session, with futures hitting a lifetime high of Rs 1,94,000 per kg. The US Federal Reserve's recent rate cut and strong global cues have contributed to renewed bullishness in the market. In 2025 alone, silver has seen a remarkable increase of 122.07 per cent, indicating a strong rally for the precious metal. As for gold, it has also seen an uptick, rising to Rs 1,30,641 per 10 grams on MCX. Analysts attribute silver's surge to high industrial demand and tightening global supply conditions.

Mutual Funds are a popular form of investment and the Nippon India Large Cap Fund has just crossed the Rs 50,000-crore assets under management (AUM) mark. Despite the recent market rally and festive season, equity mutual funds have seen lower inflows, but large-cap funds have still managed to perform well. With the stability and resilience of large-cap companies and consistent returns over the long term, experts say that large-cap mutual funds are a safe choice for investors looking to grow their wealth. This fund follows the philosophy of investing over indexing, utilizing Nippon's extensive research and diversifying investments across multiple companies and sectors.

India's Light Combat Aircraft (LCA) Tejas, a 4.5-generation fighter jet designed for the Indian Air Force, is making headlines in the business world with its advanced features and impressive performance. As the smallest and lightest aircraft in its class, the Tejas utilizes composite structures for enhanced manoeuvrability and efficiency. Protocols like an in-flight refuelling probe and an open-architecture mission computer make it a versatile weapon in modern warfare. With its cutting edge technology and proven reliability, Tejas is cementing its position as a game-changing fighter jet in the aerospace industry.

In a move to make borrowing cheaper for Americans, the Federal Reserve cut its influential interest rate by a quarter point, making it the third cut this year. However, this decision comes with the risk of stoking inflation, which has yet to fall to the Fed's preferred levels. Chairman Jerome Powell stated that the decision was made due to a gradually cooling labor market, but emphasized the Fed's obligation to prevent any one-time increase in prices from turning into an ongoing inflation issue.

The Federal Reserve announced its final rate decision of 2020, cutting its key lending rate by 25 basis points in line with market expectations. The US central bank also revealed its latest outlook, indicating one rate cut in each of the upcoming years. The decision was closely watched, as policymakers weigh the need for growth support against the risk of inflation. Despite initial caution, US stocks rose after the Fed's announcement. Fed Chair Jerome Powell stated that the economy is seeing moderate growth, but inflation remains at elevated levels.

Prime Minister Narendra Modi's campaign to help Indians reclaim their unclaimed funds has brought back approximately Rs 2000 crore to its rightful owners, with efforts to reach even remote areas through facilitation camps and web portals. The campaign, launched in October 2025, has revealed that approximately Rs 78,000 crore is lying untouched in bank accounts, Rs 14,000 crore with insurance companies, Rs 3,000 crore in mutual funds, and Rs 9,000 crore in unclaimed dividends. PM Modi appeals to the public to check the portals for any unclaimed funds, which could bring significant changes to countless lives in the country.

Amazon has announced plans to invest a whopping $35 billion in India by 2030 to drive AI-driven digitisation, boost exports, and create jobs. This investment is almost double that of Microsoft's and over two times that of Google's investment plans for the country. Amazon has already invested $40 billion in India, making it the largest foreign investor in the country. It also aims to expand its "Accelerate Exports" program and partner with the Apparel Export Promotion Council to reach more businesses and tap into international markets.

Telangana's two-day global summit, inspired by the World Economic Forum in Davos, aims to attract foreign investment and establish a long-term strategic roadmap for the state's economy. Day 1 featured high-profile meetings and discussions about transforming Telangana into a $3 trillion economy by 2047, aligning with India's national development goals. Day 2 will see CM Revanth Reddy engage with industry leaders across core sectors, with a focus on signing MoUs to boost investment and job creation in industries like textiles, electronics, and AI.

After a meeting between Microsoft CEO Satya Nadella and Prime Minister Narendra Modi, the company announced a $17.5 billion investment in India for AI development. This doubles their previous commitment and will be made over four years to support the country's ambitions. With India's youth eager to innovate and leverage the power of AI, this investment will drive widespread diffusion and also see the launch of Microsoft's largest hyperscale region in India.

Microsoft has announced a major investment of over Rs 1.58 lakh crore ($17.5 billion) in artificial intelligence (AI) development in India. This comes after CEO Satya Nadella met with Prime Minister Narendra Modi to discuss the country's potential in the field of AI. The investment will focus on building infrastructure, developing skills, and supporting sovereign data systems needed to accelerate India's efforts to become a global center for AI innovation. Microsoft's commitment aligns with India's broader push to integrate AI into various industries such as healthcare, manufacturing, and finance. Other tech giants, including Intel and Cognizant, are also looking to invest in India and boost the country's artificial intelligence ecosystem.