Amazon.com Inc. is barrelling ahead with an aggressive acquisition strategy despite intense antitrust scrutiny in Washington, with its $1.65 billion deal to buy Roomba vacuum maker iRobot Corp. as the latest example . Antitrust experts say the deal is expected to draw a tough review from the US Federal Trade Commission led by Chair Lina Khan, a critic of the e-commerce platform’s market dominance. The agency will also review Amazon’s $3.49 billion deal last month to buy 1Life Healthcare, the parent of One Medical. The FTC didn’t challenge Amazon’s purchase of MGM Studios earlier this year, but that was before Khan had a Democratic majority on the commission. Close scrutiny of Amazon’s iRobot transaction won’t necessarily result in a challenge, and even if the FTC does sue to block the deal, there’s a chance it wouldn’t prevail. Also Read | Amazon is reportedly buying Roomba vaccum maker iRobot Corp. Hal Singer, managing director at Econ One, a litigation … [Read more...] about Amazon’s iRobot deal seen facing tough FTC antitrust review
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Vodafone Idea says industry needs tariff increases at regular intervals
Synopsis "India continues to have the lowest tariffs globally, while the proliferation of unlimited data bundles have led to India having one of the highest data usage (per subscriber) in the world," VIL said in its latest annual report. The ARPU levels remain lower in comparison to historic trends, despite consumers getting much more value in terms of unlimited voice and daily data allowances, compared to five years ago. Related How tailwinds for the chemical sector might impact Atul Ltd Vi enhances network capacity to cater to growing data demand 5G to bring new apps ranging from Smart ambulance to mixed reality tryouts for shoppers India plans contentious law to cut $75 billion utility debt Struggling telecom operator Vodafone Idea Ltd says the industry needs to raise mobile tariffs at regular intervals as the sector still operates at unsustainably low prices and revisions will allow it to generate reasonable returns and support future investments. … [Read more...] about Vodafone Idea says industry needs tariff increases at regular intervals
Joy Ma Calamari: A 2022 Kalkatta diary
Synopsis Generations of young Bengali men and women continue to leave the city. The portrait in their heads gets imagined in Bengaluru or Noida or Surrey or Houston or Sydney.... While Kolkata is frozen for them, the real here-and-now city flows for those that will fill the gaps in their departure and their empty houses. Anuvab Pal Kolkata has never recovered from being a B&W photograph of itself. The entire cultural construct of the town, its songs, movies, conversations and architecture, is built around a time gone by. Even a new restaurant will advertise things like: 'Mustard fish, like in the old days'. Every Facebook post will say, 'A walk in the Lakes with old friends. Just like school.' Every rock band will sing about the 'lost adda' - or worse, a Pink Floyd song. More often, reminiscing will come in the form of judgement. A friend who lives in Australia put out a WhatsApp rant saying, 'What the hell happened to my Calcutta biryani?!' listing a litany of … [Read more...] about Joy Ma Calamari: A 2022 Kalkatta diary
Buffett’s Berkshire pounces on market slump to buy equities
Synopsis Berkshire stepped in as the S&P 500 shed 16% in the latest quarter. The Omaha, Nebraska-based company also reported an operating profit of $9.2 billion as the insurance and railroad businesses posted gains. Warren Buffett’s Berkshire Hathaway Inc. is following an age-old adage: Buy the dip. The conglomerate was a net buyer of equities in the quarter, reporting $3.8 billion in purchases, according to results released Saturday. It was a net seller in the second quarter of last year. Berkshire stepped in as the S&P 500 shed 16% in the latest quarter. The Omaha, Nebraska-based company also reported an operating profit of $9.2 billion as the insurance and railroad businesses posted gains. Cathy Seifert, an analyst with CFRA Research, said one business flashing potential warning signs is Geico, the company’s personal auto-insurance unit. It reported an underwriting loss of $487 million, even as the conglomerate’s other insurance lines gained alongside the … [Read more...] about Buffett’s Berkshire pounces on market slump to buy equities