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Karnataka HC quashes Amazon, Flipkart plea against antitrust probe

Karnataka HC quashes Amazon, Flipkart plea against antitrust probe

An Indian court on Friday dismissed an appeal by Amazon.com Inc and Walmart's Flipkart that sought to stall an antitrust investigation into their business practices - a major setback for the companies.

The Competition Commission of India (CCI) last year ordered a probe following allegations from brick-and-mortar retailers that the U.S. firms promote select sellers on their e-commerce platforms and use deep discounts to stifle competition.

SC rejects telecom companies' pleas for re-computation of AGR-related dues

SC rejects telecom companies' pleas for re-computation of AGR-related dues

The Supreme Court on Friday dismissed the applications filed by telecom majors, including Vodafone Idea and Bharti Airtel, seeking rectification of the alleged errors in calculation of Adjusted Gross Revenue (AGR) related dues payable by them.

All the miscellaneous applications are dismissed, a bench headed by Justice L Nageswara Rao said while pronouncing the order.

India reports 35,342 fresh Covid-19 cases, 483 deaths in last 24 hours

India reports 35,342 fresh Covid-19 cases, 483 deaths in last 24 hours

With a single-day rise of 35,342 cases, India's COVID-19 tally climbed to 3,12,93,062 on Friday, while 483 more fatalities pushed the death toll due to the viral disease to 4,19,470, according to the Union Health Ministry.

The number of active cases has declined to 4,05,513, accounting for 1.3 per cent of the total caseload and the national COVID-19 recovery rate was recorded at 97.36 per cent, the ministry's data updated at 8 am showed.

Zomato, Paytm, others face temporary disruption after Akamai outage

Zomato, Paytm, others face temporary disruption after Akamai outage

Various online platforms in the country, including Zomato and Paytm, faced temporary disruption in services late Thursday evening due to a global outage at internet infrastructure company Akamai Technologies.

In a tweet around 10 PM IST, Akamai said it was experiencing a service disruption. It said it was actively investigating the issue, and clarified that this was not the result of a cyberattack on its platform.

Tata sets up Rs 100 crore tea packaging unit in Odisha

Tata sets up Rs 100 crore tea packaging unit in Odisha

Odisha Chief Minister Naveen Patnaik on Thursday inaugurated a tea packaging unit of Tata Consumer Products Ltd at Gopalpur in the state's Ganjam district.

The plant was commissioned in a span of 18 months with an investment of Rs 100 crore, officials said.

SC says India can't have a dual judicial system for rich and poor

SC says India can't have a dual judicial system for rich and poor

The Supreme Court on Thursday said India can't have a dual judicial system -- one for the rich and the other for the poor, and pulled up Madhya Pradesh Police for attempting to shield Govind Singh, the husband of a Bahujan Samaj Party (BSP) MLA, accused of murdering Congress leader Devendra Chourasia.

A bench headed by Justice D.Y. Chandrachud said the judiciary must remain free from political pressures and influences.

Covid-19 claimed lives of 56 Air India employees till July 14: Govt

Covid-19 claimed lives of 56 Air India employees till July 14: Govt

As many as 56 Air India employees have died due to COVID-19 till July 14, Minister of State for Civil Aviation V K Singh said on Thursday.

A total of 3,523 employees of Air India Limited have been affected by COVID-19. Out of this, 56 employees succumbed to this pandemic till July 14, 2021, he stated in a written reply to a question in Lok Sabha.

200 farmers reach Jantar Mantar for protest amid Parliament session

200 farmers reach Jantar Mantar for protest amid Parliament session

A group of 200 farmers reached Jantar Mantar in central Delhi on Thursday to protest against the Centre's three contentious farm laws as the Monsoon session of Parliament was underway.

Police threw a ring of security around central Delhi and kept a tight vigil on the movement of vehicles.

Paytm's gross merchant volume growing at over 100% in a year: DRHP

Paytm's gross merchant volume growing at over 100% in a year: DRHP

Financial services platform Paytm's Gross Merchant Volume (GMV) is growing at over a 100 per cent in a year, according to its Draft Red Herring Prospectus (DRHP), filed last week.

In Q1FY22, Paytm’s GMV hit Rs 1,46,900 crore, from Rs 69,700 crore in the same period last year. In the whole of FY21, Paytm’s GMV was Rs 4,03,300 crore, highest in the payments industry as per research firm Redseer.

India's smartphone mkt fell 13% sequentially in Q2 amid 2nd wave: Canalys

India's smartphone mkt fell 13% sequentially in Q2 amid 2nd wave: Canalys

Smartphone shipments in India fell 13 per cent to 32.4 million units in the April-June 2021 period over the previous quarter as the second wave of COVID-19 stifled demand, according to research firm Canalys.

Given that the April-June 2020 had an almost two-month nationwide lockdown (amid the first wave of the pandemic), the year-on-year comparison was extremely favorable with shipments up 87 per cent, Canalys said in its report.

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