×
330
Fashion Jobs
BAJAJ FINANCE LIMITED
Walk-in on 28-Oct-21 For Two Wheeler For Area Sales Manager
Permanent · Yavatmal
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - Haryana
Permanent · Sonipat
INLEAD ELECTRONICS PVT LTD
Territory Sales Manager - Ghaziabad Zone
Permanent · Ghaziabad
PANDIAN PICKLES AND CO
Area Sales Manager / Sales Officer - Fmcg - 3 Locations
Permanent · Chennai
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Nalgonda , Nizamabad
Permanent · Nizamabad
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Rajahmundry
Permanent · Rajahmundry
SDP HR SOLUTION
Production Manager - Mnc Chemical Company - Dahej
Permanent · Bharuch
AMBRANE INDIA PVT LTD
Area Sales Manager | Ambrane India | Multiple Locations
Permanent · Lucknow
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Jaipur (Boards Division)
Permanent · Jaipur
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ernakulam / Kochi / Cochin
Permanent · Kochi
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ernakulam / Kochi / Cochin
Permanent · Kochi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager/Jharkhand
Permanent · Godda
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Bihat-IV
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Bihpur
ZYDUS WELLNESS
Excellent Opening For Area Sales Manager
Permanent · Indore
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Gujrat)
Permanent · Ahmedabad
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager/Jharkhand
Permanent · Lohardaga
CIEL HR SERVICES PVT LTD
Mechanical Maintenance Manager
Permanent · Coimbatore
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Gujrat)
Permanent · Gandhinagar
EARTH BUDDY
Area Sales Manager
Permanent · Gurugram
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (mp)
Permanent · Bhind
By
Reuters API
Published
Sep 10, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Indian court stalls regulatory approval for Future's $3.4 billion deal for 4 weeks

By
Reuters API
Published
Sep 10, 2021

India's top court on Thursday ordered authorities to withhold any final decision on Future Group's sale of $3.4 billion of retail assets for four weeks, prolonging its dispute with Amazon.com Inc which has challenged the deal.

The top court heard counsels for both Future and Amazon on Thursday and said Indian authorities should refrain from taking any decision on the deal for another four weeks - Reuters


Amazon has for months argued Future violated certain contracts by selling its assets to Reliance Industries, an allegation the Indian retailer denies. The dispute has been taken before courts in India and an arbitrator in Singapore.

The Singapore arbitrator had stalled the deal in October, and Indian courts backed it, but Future Retail last month filed a new case against Amazon in India's Supreme Court in an effort to seek clearance for the deal.

The top court heard counsels for both Future and Amazon on Thursday and said Indian authorities should refrain from taking any decision on the deal for another four weeks. The court also stalled any other ongoing proceedings on the dispute in a lower court in New Delhi.

The outcome of the tussle involving two of the world's richest men, Amazon's Jeff Bezos and Reliance's Mukesh Ambani, could reshape India's nearly trillion-dollar retail market if Amazon succeeds in weakening Reliance's dominance.

The dispute started after Future, India's second-largest retailer, with more than 1,700 stores, including popular Big Bazaar supermarkets, entered a deal last year to sell its retail businesses to Reliance after COVID-19 hit its operations hard.

Future has argued that if the deal with Reliance doesn't go through it would cause "unimaginable" damage to the group, including possible job losses for 35,575 employees, and put at risk roughly 280 billion rupees ($3.81 billion) in bank loans and debentures.

© Thomson Reuters 2021 All rights reserved.