
Amazon.com Inc has reportedly filed an appeal with an Indian court in an ongoing dispute against local partner Future Group’s plan to sell its retail assets to Reliance Industries.
164 published items with the word (s) or phrase Reliance Industries in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
Amazon.com Inc has reportedly filed an appeal with an Indian court in an ongoing dispute against local partner Future Group’s plan to sell its retail assets to Reliance Industries.
Flipkart has appointed Saroj Panigrahi as senior vice president and general counsel, while Bijoya Roy will transition to the role of vice president and head of legal at the business.
Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring business partner Amazon.com Inc intensifies efforts to block the deal.
Kishore Biyani-led Future group firm Future Enterprises executive director and chief financial officer, Dinesh Maheshwari, has resigned from the company.
Future group firms Future Consumer and Future Enterprises have recently received large orders from Reliance Industries giving the firms much-needed financial support amid the Covid-19 crisis.
Jeff Bezos and Mukesh Ambani, two of the world's richest men, face a turning point in a battle for preeminence in India's booming, nearly trillion-dollar retail market.
India's National Stock Exchange (NSE) privately warned Future Retail it risked regulatory action for not making timely market disclosures about efforts by Amazon.
India’s antitrust body cleared Reliance Industries’ bid to buy Future group’s retail assets even as Amazon.com sought to block the potential deal, alleging contractual violations by the latter.
Reliance Industries Ltd said its retail arm had completed its fundraising exercise as more than half a dozen investors poured 472.65 billion rupees ($6.37 billion) into a 10.09% stake in the company in two months.
Future Retail Ltd (FRL) reported a consolidated net loss of Rs 692 crore ($92.9 million) for the September quarter, as against a net profit of Rs 165 crore it posted in the year-ago period.