Tag Archives: Retail market

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 …

Reliance Industries Ltd., owned by Indian billionaire Mukesh Ambani, is offering to sell an approximately $ 20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter. Amazon has held investment talks in the conglomerate’s Reliance Retail Ventures Ltd. unit and has …