Indian equity market extended losses for the seventh consecutive session on Thursday led by decline in Power, Pharma, Energy indices. Escalated trade tensions between China and the US also prompted investors to remain cautious throughout the trading session.

While admitting the plea of Google against the order, the NCLAT bench headed by Chairman Justice S J Mukhopadhaya directed the internet major to deposit 10 per cent of the penalty amount with it in four weeks.

In February, the Competition Commission of India (CCI) fined Google Rs 136 crore, saying it was also abusing its dominance by giving its own online airline flight search product an unfair advantage over rivals.

The anti-trust regulator, the Competition Commission of India, seems to have let Google off with just a rap on the knuckles.

The order came on complaints filed back in 2012 by Matrimony.com and Consumer Unity & Trust Society (CUTS) against Google LLC, Google India Pvt Ltd and Google Ireland Ltd.

The Competition Commission today imposed a fine of Rs 136 crore on search engine major Google for unfair business practices in the Indian market for online search.

If it was not for some of our investors looking for an exit,we might have not listed our company,\" says Murugavel Janakiraman, CEO, Matrimony.com. The company, whose initial public offering, or IPO, in September mopped up nearly Rs500 crore at Rs985 per share, got only Rs130 crore, as the rest went to exiting investors.

Many of the recent initial public offerings were aimed at providing earlier investors an exit route rather than capital formation.

Matrimony.com's stock listed on the BSE and the NSE at Rs 985, a zero percent premium, compared with an issue price of Rs 985, the upper end of the price band.

The issue closes on  September 22. Indore-based snacks maker Pratap Snacks, also plans to raise Rs 482 crore via its IPO from September 22 (Friday).

The category reserved for qualified institutional buyers (QIBs) was subscribed 1.88 times, non institutional investors 41 per cent and retail individual investors 17.99 times.

The portion set aside for qualified institutional buyers (QIBs) was subscribed 83 per cent, non institutional investors 2 per cent and retail individual investors 4.97 times. Till yesterday, the IPO was subscribed 67 per cent. The company had on Friday raised nearly Rs 226 crore from anchor investors. The price band is Rs 983-985 per share for the IPO which will close today.

Matrimony.com, which runs online match-making business under BharatMatrimony brand, among others, is expected to raise over Rs 500 crore.

The Rs 500-crore IPO consists of a fresh issue of Rs 130 crore and offer for sale of 37.7 lakh equity shares at a price band of Rs 983-985. Matrimony.com is the first matrimony or match-making company to bring an initial public offer in India.

Three companies-Matrimony.com, Capacit'e Infraprojects and ICICI Lombard-will launch their initial share sale offers this week to raise about Rs6,600 crore.

The IPO is due to open on September 11 and close on September 13. Net proceeds from the issue will be utilised towards advertising and business promotion activities, purchase of land for construction of office premises in Chennai, repayment of overdraft facilities and general corporate purposes.

IPOs have done exceptionally well over the past few years. It is time to exercise caution