New Delhi: Amazon.com Inc has asked the Indian market regulator to investigate Future Retail Ltd for insider trading, it showed a letter accessed by Reuters as it seeks to prevent its business partner from becoming part of the empire of his rival Reliance. The US giant has been lobbying the …
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In the Jeff Bezos vs Mukesh Ambani battle royale for the Indian retail market, which is now also evolving into a ‘videshi vs swadeshi’ battle, corporate observers are raising questions. Eight absolutely unknown facts are emerging in the battle of Bezos vs Ambani. 1. Has Jeff Bezos of Amazon disclosed …
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Mukesh Ambani is exploring a countersuit against Jeff Bezos’ Amazon.com Inc. in India after the US e-commerce giant blocked Reliance Industries Ltd’s (RIL) bid to buy Future group assets in a Singapore court, while Asia’s richest man takes on the world’s richest man for supremacy in India’s retail market, said …
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Shares of Future Group companies had risen sharply shortly after Reliance Retail Ventures Ltd (RRVL) said it will acquire the former’s retail and wholesale and logistics and warehousing businesses in late August. RRVL is a subsidiary of Reliance Industries Ltd (RIL). High leverage and the impact of the covid-19 pandemic …
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MUMBAI: Indian conglomerate Reliance dismissed Amazon’s push to delay acquisition of national retail giant Future group, despite an arbitration panel suspending the deal after objections from the US online titan. The dispute is the latest development in a protracted battle for dominance in India between Reliance, owned by Asia’s richest …
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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 …
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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 …
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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 …
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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 …
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Speaking at a retail convention, Kishore Biyani said the worst is yet to come for retailers. Future Group founder Kishore Biyani said on Wednesday that the local retail company lost nearly 7 billion rupees in revenue in the first three to four months of the COVID-19 pandemic due to store …
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