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 »Singapore arbitration rules in favor of Amazon and suspends Future-Reliance agreement
BENGALURU: Kishore Biyani’s agreement to sell Future Group assets to Mukesh Ambaniis Dependency industries for Rs 24,713 crore is now on hold as the Singapore International Arbitration Center (SIAC) granted interim relief to Amazon from Jeff Bezos, for now, two people familiar with the matter said. Earlier this month, Amazon …
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 »MARKET: Maruti, HDFC help Sensex to raise 127 pts; Nifty tops 11,900
A healthy buying of select auto, technology and bank stocks helped benchmark indices settle in the green on Friday. The S&P BSE Sensex closed 127 points, or 0.31 percent higher at 40,686 levels, while the NSE Nifty closed at 11,930, 34 points higher, or 0.28 percent. The volatility index, India …
Read More »Trust among 30 companies on negative list: Amazon to referee
Amazon favors Future Retail by selling a stake to Premji Invest and not Reliance Industries Ltd (RIL), as a 2019 deal listed Mukesh Ambani among the 30 entities to which shares could not be sold as part of a clause of non-competition. Although the deal was later signed with Future …
Read More »Infosys, Reliance Industries, banks, Mindtree
Here is a list of the top ten stocks that may appear in the news on Thursday: Infosys: TI Major raised its revenue growth guidance to 2-3% for the year through March 31 from 0-2% previously in constant currency terms. Its profit for the quarter to September increased 20.5% to …
Read More »LIVE MARKET: Sensex dropped 250 pts before SC’s hearing on interest exemption
Indian markets were more than half a percent lower on Wednesday before the Supreme Court hearing on a series of petitions seeking a waiver of interest on loans during the moratorium period. Among the major indices, the S&P BSE Sensex fell 250 points to 40,360 levels and the Nifty50 index …
Read More »LIVE MARKET: IT, Cement Stocks Perform Better in Limited Range Market
Photo: Kamlesh Pednekar Indian markets slashed all their morning gains and fell into the red in the limited-range session on Tuesday before the Supreme Court hearing on a batch of petitions seeking a waiver of interest on loans during the moratorium period. Among the major indices, the S&P BSE Sensex …
Read More »RBI LIVE policy: buyback rate unchanged at 4%; GDP will turn positive in the fourth quarter
The benchmark indices fluctuated between gains and losses on Friday as the RBI’s monetary policy committee (MPC) left the buyback rate unchanged at 4 percent. Governor RBI said the MPC has decided to continue with the “complacent” stance. The RBI forecasts that fiscal year 21 GDP will contract 9.5 percent, …
Read More »India to play a leading role in the Fourth Industrial Revolution: Mukesh Ambani
New Delhi: Reliance Industries President Mukesh Ambani said on Thursday that as the world moves towards the Fourth Industrial Revolution, India has the opportunity not only to catch up with leaders, but to emerge as a world leader. While speaking at TM Forum’s Digital Transformation World Series 2020 virtual conference, …
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