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US will no longer issue Astronaut Wings for commercial space travel: Here’s why

The US Federal Aviation Administration (FAA) on Saturday said it would no longer issue Commercial Space Astronaut Wings, instead recognising on its website individuals that reach space. Astronaut wings are pins given to individuals who fly to space in private spacecraft. The FAA recognises Sir Richard Branson (of Virgin Galactic), Jeff Bezos (of Blue Origin), …

Amazon announces Fitbit-like fitness tracker, smart display you can hang on wall, home robot and more

Amazon Glow is the new videoconferencing device that Amazon has brought out for kids. (Image: Amazon) Amazon fall devices event: The 2021 edition of Amazon’s fall hardware event has recently concluded, and from home robots to flying security cameras, the e-commerce giant (can we even call it just that anymore?) has made some very exciting …

Explaining the law of limitation on interference in anti-trust cases

It took cognizance of the complaint to investigate deep discounting that have been allegedly extended to certain sellers via exclusive tie-ups and preferential agreements, resulting in appreciable adverse effect on market dynamics. By Trisha Shreyashi On 23 July, 2021, Hon’ble Division Bench (‘DB’) of Karnataka High Court (‘HC’) rendered a landmark decision in dismissing an …

Round One: Win for Amazon as Supreme Court stalls Future-Reliance Retail deal

The EA award was passed in October 2020 following which Amazon had sought its enforceability by restraining FRL from going ahead with the transaction. E-commerce major Amazon scored a major victory on Friday with the Supreme Court upholding the Singapore International Arbitration Centre’s emergency arbitrator (EA) award restraining Future Retail (FRL) from going ahead with …

RIL share price falls 2%, Future Retail stock dives after SC ruling in favour of Amazon in Ambani-Biyani deal

RIL share price fell more than 2% today while Future Retail stock tanked 10% after the Supreme Court of India ruled in favour of Amazon – seeking to block a deal between Mukesh Ambani and Kishore Biyani. The apex court said that the order passed by Singapore International Arbitration Centre to stay the Rs 24,731 …

FAANGM stocks trump global market indices in 2021; Facebook, Google, Amazon, other shares going strong

Frontline US technology stocks are helping investors pocket healthy gains, with shares of Facebook, Google, Amazon, and others outperforming many global markets so far this year. (Image: REUTERS) Frontline US technology stocks are helping investors pocket healthy gains, with shares of Facebook, Google, Amazon, and others outperforming many global markets so far this year. This …

Apple, Amazon, Netflix, Microsoft shares beat NASDAQ last week; Facebook, Google fall behind

With the US Federal Reserve clamping down on Wall Street’s rally with a faster-than-anticipated revision in rates, S&P 500, Dow Jones, and NASDAQ closed with losses last week. (Image: REUTERS) With the US Federal Reserve clamping down on Wall Street’s rally with a faster-than-anticipated revision in rates, S&P 500, Dow Jones, and NASDAQ closed with …