“We have initiated steps to enforce our contractual rights,” said a spokesman for the Seattle-based e-commerce giant. “As the matter is under trial, we cannot provide details.” Last year, Amazon bought a 49% stake in one of Future’s unlisted companies, Future Coupons Ltd, with the right to buy into the …
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Mumbai: Mukesh Ambani, President of Reliance Industries, said that it took India’s telecom sector 25 years to build its 2G network and that Reliance Jio has managed to build 4G in three years. Emphasizing Jio’s role in propelling India from 155 positions to being the world’s top mobile data consumer …
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American online retailer Amazon.com Inc has sent a legal notice to Future Group, alleging that the sale of the retailer’s Rs 24,713 crore assets to Reliance Industries violated an agreement with the e-commerce giant. “We have initiated steps to enforce our contractual rights,” said a spokesman for the Seattle-based e-commerce …
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Amazon is drawing battle lines with Reliance in the race for India’s estimated $ 1 trillion retail market Amazon.com Inc. said its Indian partner Future Group breached a contract by signing a $ 3.4 billion sales deal with billionaire Mukesh Ambani’s Reliance Industries, a dispute that could derail the country’s …
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Major US e-commerce company Amazon has served the Future Group with legal notice for reaching an agreement with Reliance Industries (RIL), citing its non-compete agreement with the chain led by Kishore Biyani. According to the notice, the Future-RIL transaction cannot proceed without Amazon’s approval in view of the non-compete clause …
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Extending their winning streak to the fifth straight session, the benchmark indices finished nearly a percent higher on Wednesday, led by purchases at Reliance Industries (RIL) and HDFC Bank. Among the major indices, the S&P BSE Sensex closed 304 points, or 0.77 percent higher at 39,879 levels, and the Nifty50 …
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Oil-to-telecommunications conglomerate Reliance Industries is constantly working to expand its presence in the retail sector. On Tuesday, the Abu Dhabi Investment Authority (ADIA) became the eighth investor in Reliance Retail Ventures, agreeing to choose 1.2 percent of the company’s share capital for Rs 5,512.5 million. ADIA joins the Silver Lake …
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Reliance Industries Ltd, led by Mukesh Ambani, said Tuesday that a subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest ₹Rs 5,512.50 crore for a 1.2% stake in its retail arm. “This investment values Reliance Retail Ventures Ltd (RRVL) at a pre-money equity value of ₹ 4,285 million lakh …
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Reliance Industries Ltd (RIL) Chairman Mukesh Ambani said on Monday that data is a vital national resource that will act as a raw material for development powered by artificial intelligence (AI). He said that India will have an advantage over its peers in the future due to its huge digital …
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NSE’s Nifty finished above 11,500 marks at 11.503, up 0.76 percent. Benchmark equity indices closed nearly 1 percent higher on Monday, driven mainly by information technology (IT) stocks and private sector lenders such as HDFC Bank and ICICI Bank. Shares in information technology (IT) companies were on a roll after …
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