×
338
Fashion Jobs
NIKE
India Logistics Partner Management Manager
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Chatra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager (up)
Permanent · Mirzapur
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - wb
Permanent · Cooch Behar
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
MUTHOOT FINCORP LTD
Area Manager - Chennai
Permanent · Chennai
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Katihar
VIJAY SYSTEMS ENGINEERS PVT LTD ( UMBERGOAN)
Production Manager
Permanent · Vapi
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
AVENUE SUPERMARTS LIMITED
Excellent Opportunity With Dmart _ Production Managers
Permanent · Chikmagalur
ENOAH I SOLUTION INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Bengaluru
KISHOR EXPORTS
Garment Technician
Permanent · Agra
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.