The Delhi High Court is all set to give its final ruling on the Future Group’s petition against Amazon. In the petition the Kishore Biyani-led company had sought to quash the arbitration proceedings as the deal stands suspended by Indian competition watchdog.  

On Dec 18, the CCI in its order had suspended its approval of Amazon’s deal with Future Coupons Ltd and asked the US-major to furnish additional documents.  

CCI had imposed a fine of ₹200 crores on the US giant for allegedly making “false and incorrect statements" while seeking an approval for the deal between itself and Future Coupons.  

2021 proved to be one of the best years for the stock market. Several shares in big bull Rakesh Jhunjhunwala's portfolio made decent gains, making the billionaire even richer. One such stock in his portfolio that made an impressive jump in the past few months is Titan. Jhunjhunwala, who invested in Titan several years ago, also made tremendous earnings in the past few months from the stock. 

In the last 3 months, the stock has increased from Rs 2161.85 (NSE closing price on 30 September 2021) to Rs 2517.55 (NSE closing price on 31 December 2021). With a sharp rise in stock price, Rakesh Jhunjhunwala's net worth reportedly increased by Rs 1540 crore. 

The Competition Commission of India (CCI) on Friday ordered a detailed probe against technology major Apple for alleged unfair business practices with respect to its App Store.

In a 20-page order, the watchdog said that Apple's App Store is the only channel for app developers to distribute their apps to iOS consumers which is pre-installed on every iPhone and iPad.

"Further, third party app stores are not allowed to be listed on Apple's App Store as the developer guidelines as well as agreement prohibits app developers from offering such services... these restrictions imposed by Apple forecloses the market for app stores for iOS for potential app distributors," the order said.

The Omicron-led surge in Covid-19 cases around the world has poured cold water on the hopes of rapid economic recovery, and dampened investor sentiment. Gates of workplaces and businesses that had opened in anticipation of a return to normalcy are being slammed shut again as partial lockdowns of varying intensity begin to be re-imposed.

How the pandemic pans out in its third year will determine the pace and nature of the recovery. Investments across asset classes will depend on factors such as inflation, interest rate movements, credit growth, foreign portfolio investments, and the price of crude oil. Employment generation, and a certainty of steady income for those at the bottom of the pyramid who were hit by the economic disruptions of the first and second waves, will be key to long-term sustainable growth for India.

The Department of Economic Affairs, Ministry of Finance has invited ideas and suggestions for the Budget 2020-21 from citizens to make the budget-making process ‘participative and inclusive’.

Citizens can send their ideas and suggestions for the Budget 2020-21 through the official website, mygov.in.

The last date to submit the suggestion is January 7. The recommendations will be presented to Parliament during the next session. On December 26, the Finance Ministry invited the public to provide their ideas and suggestions on the upcoming budget.