Reliance Retail Ventures operates supermarkets and consumer electronics chain stores. Future Retail said Monday it was reviewing an order against its deal with Reliance Industries. after an order from an arbitration panel suspended its sale of assets of Rs 24,713 crore to the conglomerate led by billionaire Mukesh Ambani. Future …
Read More »Future Group Hints It May Challenge Arbitration Award Putting RIL Agreement On Hold
Amazon.com Inc won an interim award on Sunday against its partner Future Group selling retail business to Reliance Industries Ltd for ₹Rs 24,713 crore after a Singapore-based single-judge arbitration panel put the deal on hold. Future Retail Ltd (FRL) in a statement on Monday said the company is examining the …
Read More »Reliance Retail – Future Retail Deal: “Try to Enforce Properly,” Reliance Retail Says After Amazon Gets Interim Relief From Single-Judge Arbitration Court
Reliance Retail Ventures said it intends to complete the transaction with the Future group without delay. Reliance Retail said it “intends to enforce its rights and complete the transaction under its agreement with Future Group without delay” after Amazon.com, the major US-based e-commerce company, won an award. provisional against the …
Read More »Amazon wins interim relief, future dependency deal suspended
Amazon believes Future Group violated the contract by signing a deal with rival Reliance. New Delhi: Amazon.com Inc won an interim award on Sunday against its partner Future Group that sold retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore-based single-judge arbitration panel suspended the deal. …
Read More »Amazon Wins Interim Relief; Future-Reliance Agreement Suspended
Amazon believes Future Group violated the contract by signing a deal with rival Reliance. Amazon won an interim award on October 25 against its partner Future Group selling retail businesses to Reliance Industries for ₹ 24,713 crore after a Singapore-based single-judge arbitration panel suspended the deal. Amazon, which had agreed …
Read More »Amazon obtains a favorable ruling in Singapore
New Delhi: American e-commerce giant Amazon obtained a favorable ruling in Singapore regarding the Future-RIL deal. The arbitration panel has told Kishore Biyani Future Group not to proceed with the deal with Mukesh Ambani’s Reliance Retail for now. A one-man arbitration panel heard the argument from Amazon and Future Group …
Read More »Amazon says it won’t appear before JPC
The US-based online retailer Amazon has refused to appear before Parliament’s joint committee on the data protection bill next week, which could amount to a violation of parliamentary privilege, it said on Friday. the chairman of the panel, Meenakshi Lekhi, indicating that action can be taken against the company. Meanwhile, …
Read More »Data Security: Facebook Head of Public Policy Ankhi Das Appears Before Parliament Committee | India Business News
NEW DELHI: Facebook (India, South and Central Asia) Head of Public Policy Ankhi Das appeared before the panel on the issue of data security on Friday. Sources said the Facebook The panel members asked the Indian representatives some difficult and penetrating questions. During the meeting, a member suggested that the …
Read More »Facebook interrogated by parliament panel, Amazon targeted for refusal to attend
New Delhi: Social media platforms such as Facebook came under pressure from MPs on Friday when the joint parliamentary committee (JPC) analyzing the personal data protection bill asked company representatives about data portability, income for advertising generated in India and corporate tax paid them in India. JPC members also warned …
Read More »Amazon Refuses to Appear Before Parl’s Data Security Panel, ‘Coercive Action’ May Be Taken
E-commerce giant Amazon refused to appear before Parliament’s Joint Committee on the Data Protection Bill on October 28 and this amounts to a violation of privileges, the panel chairman and BJP deputy said on Friday, Meenakshi Lekhi. Lekhi said “the panel is unanimous in its opinion that enforcement action against …
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