Karnataka HC grants interim stay on CCI probe against Amazon, Flipkart

In a major relief to e-commerce majors Amazon India and Flipkart, the Karnataka Large Court docket on Friday granted an interim remain on the Opposition Commission of India’s (CCI’s) buy of an investigation into some of the firms’ business techniques.

The buy was delivered by Justice P S Dinesh Kumar on a petition filed by Amazon, trying to find an interim remain on the CCI probe buy, right after hearing the make any difference about the earlier three days. The courtroom has granted the respondents 8 weeks to file a counter.

“While we welcome and regard the final decision of the Hon’ble Large Court docket of Karnataka, this is just a step in the authorized process. We are confident about our compliance,” Amazon mentioned on a assertion adhering to the HC buy.

Amazon experienced made CCI, the Delhi Vyapar Mahasangh (DVM) and Flipkart as respondents.

The CCI experienced purchased the

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Amazon chief Jeff Bezos buys Warner Estate from Geffen for $165 mn: Report

Billionaire Amazon main Jeff Bezos has bought a Los Angeles-region estate for $a hundred sixty five million, environment a new report for the region, The Wall Street Journal noted on Wednesday.

Bezos purchased the Warner Estate from media mogul David Geffen, in accordance to the Journal.

It explained the offer topped a Los Angeles-region dwelling value report set previous yr when Lachlan Murdoch compensated close to $a hundred and fifty million for a Bel-Air estate viewed in “The Beverly Hillbillies,” a nineteen sixties tv demonstrate.

The Warner Estate spans 9 acres (three.six hectares) in Beverly Hills. It is a Georgian-type compound with a ground the moment owned by Napoleon, visitor residences, a tennis court docket, and a 9-hole golfing system.

It was initially created in the thirties by the late Jack Warner, former president of Warner Brothers, the Journal noted.

Bezos, whose really worth has been approximated at a lot

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