Weekly Business Headlines: 17 May to 23 May, 2021

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Here is the 20 business news of the Week:

1. Second Covid-19 wave rocks ecommerce boat, hits consumer spends
2. Consumption hit from India’s virus wave seen denting economy
3. Businessman Navneet Kalra arrested in oxygen concentrator case
4. US defended Amazon after report that it bypassed India laws
5. Lenskart gets $95 million from KKR at estimated $2.5 billion valuation
6. Coffee without beans? This startup is brewing something interesting
7. Looking to acquire 20-25 e-commerce brands by the end of this year: Powerhouse91
8. Sales of AC, other cooling products again hit by pandemic in peak season; companies now pin hopes on extended summer
9. The second surge is different. India Inc’s profits won’t survive the costs, variants
10. Dukaan partners with Dunzo, Shiprocket to integrate delivery into its platform
11. Flipkart restructured biz model to exercise control over inventory, retail prices, alleges CAIT
13. Mumbai dabbawalas all set to turn delivery partners for chain of restaurants
14. Tiger Global, Flipkart to back Rishi Vasudev’s new Thrasio-style venture

15. Flipkart, PhonePe continue to experience strong growth in Q1, says Walmart CEO

16. April headline numbers deceptive; economy in trough as consumer sentiment already hit: Report
17. ED finds Navneet Kalra, aides dealt in 7,000 oxygen concentrators; recovers 151 liquor bottles during raids
18. B2B ecommerce platform Moglix enters unicorn club with $120 million funding
19. McDonald’s plans INR 100 cr investment to open 30 outlets this fiscal
20. India’s sovereign wealth fund may make first digital bet with FirstCry

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