Read more about Karnataka HC dismisses petitions by Amazon, Flipkart to quash CCI probe on Business Standard. The Competition Commission of India (CCI) announced a probe in January 2020 into Amazon and Flipkart following a complaint from a trader group
The US stock market failed to hold early gains and finished lower for second session in row on Tuesday, 18May 2021, as selloff pressure accelerated on weaker than expected housing starts data and on caution ahead to the release of the minutes of the Federal Reserve s April monetary policy meeting for clues about monetary tightening.
At the close of trade, the Dow Jones Industrial Average index declined 267.13 points, or 0.78%, to 34,061. The S&P 500 index was down 35.46 points, or 0.85%, at 4,128. The tech-heavy Nasdaq Composite Index dropped 75.41 points, or 0.56%, to 13,304.
Total 9 out of 11 S&P 500 sectors closed lower, with energy (down 2.63%), industrials (down 1.47%), financials (down 1.35%), communication services (down 1.23%), and materials (down 1.09%) sectors being notable losers, while realty (up 0.17%) sector was notable gainers.
TOKYO (Reuters) - In its biggest acquisition in a decade, Panasonic Corp on Friday said it will buy U.S. supply-chain software company Blue Yonder in a deal worth $7.1 billion, to tap growing demand from companies as the COVID pandemic tests their resilience to disruption. Panasonic, which bought a 20% stake in Blue Yonder for 86 billion yen ($797 million) last year, will acquire the rest of the stock from shareholders including Blackstone Group Inc and New Mountain Capital, in an agreement, including debt, that values Blue Yonder at $8.5 billion, the company said in a press release. The need for more intelligent, autonomous and edge-aware supply chains has been dramatically heightened by the COVID-19 pandemic, Panasonic said.
Maruti Suzuki India s total production jumped to 172,433 units in March 2021 from 92,540 units in March 2020. The production of passenger vehicles rose to 170,036 units in March 2021 compared with 91,602 units in March 2020. Production of light commercial vehicles surged to 2,397 units in March 2021 from 938 units in March 2020.
Avenue Supermarts said that standalone revenue from operations for the quarter stood at Rs 7,303.13 crore as compared to Rs 6,193.53 crore in the same period last year. The total number of stores as of 31 March 2021 stood at 234.
The board of directors of IRCON International approved and recommended the issuance of one bonus share for each share held.
Sobha said the company has achieved best ever total sales volume of 1,337,707 square feet of super built-up area valued at Rs 10.72 billion in Q4 2021.