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Latest Articles in amazon

Future Retail's Independent Directors Turn Down Amazon's Bailout Offer

FRL's independent directors had last week asked Amazon if the e-commerce giant was willing to give a long-term loan to avoid default on repayment of Rs 3,500 crore loan due on January 29. Amazon replied that it was willing to financially assist Future Retail through the Samara Capital deal but the retailer must shelve Rs 24,713 crore deal with Reliance

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Traders' Body CAIT Moves CCI Against Amazon Deal With More Retail

Traders' body CAIT on Monday filed a complaint with the Competition Commission of India against Amazon accusing the e-commerce major of committing a fraud while seeking approval for the takeover of More Retail's stores in India.

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Samara Capital Interested In Buying Future Retail Assets For Rs 7,000 Cr: Amazon

The term sheet contemplates a purchase consideration of Rs 7,000 crore, as per the letter, a copy of which was seen by PTI.

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FRL Independent Directors Ask Amazon To Confirm Rs 3,500-Cr Infusion By Sat

Amazon had written to the independent directors of FRL reiterating its willingness to assist the Mumbai-based company in addressing its financial concerns.

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Indian Electric Van Maker For Amazon Raises Funds

The seed money will help EVage complete its factory in northern India and begin delivery of "thousands of vehicles" that are on order, Inderveer Singh, the company's founder and chief executive told Reuters.

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Future Coupons Deal: NCLAT To Hear Amazon's Plea Against CCI Order on 13 Jan

Amazon’s petition is scheduled to be heard by a two-member bench comprising Justice M Venugopal and V P Singh of the Principal bench.

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Amazon's Battle With Reliance For India Retail Supremacy Became A Legal Jungle: Here’s How

Here's what the dispute, seen as key to deciding who gets an upper hand in one of the world's fastest-growing retail markets, is all about.

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Amazon vs Reliance In Retail - The Big And Expensive Fight In 10 Points

US retail giant Amazon and India's Future Group have been locked in a legal battle for more than a year now. The stand-off has halted Future's ₹ 24,500 crore ($3.4 billion) deal with Reliance Industries.

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Supreme Court Reserves Verdict On Pleas Of Future Group Firms

The apex court has been hearing pleas including the fresh petition of Future Group against the Delhi High Court's recent order declining its plea for stay on an arbitration tribunal decision refusing

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Amazon Files New Legal Challenges In Dispute With Future Group

The suspension jolted Amazon as subsequently a New Delhi court halted the arbitration proceedings between the two sides.

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CES 2022: Amazon And Stellantis Partner To Deploy Smarter Cars, Cleaner Vans

The agreements expand Amazon's efforts to get a bigger foothold in the transportation industry, and could help Stellantis close the gap with Tesla Inc in developing vehicles with sophisticated, software-powered infotainment features that are connected to the data processing cloud.

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Amazon Seller Services' Losses Narrow To Rs 4,748.1 Crore In 2020-21

Employee benefits expense increased to Rs 1,819.8 crore (from Rs 1,382.9 crore), while finance cost rose to Rs 119.6 crore in FY21 (from Rs 108.2 crore in FY20).

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Delhi High Court Halts Future, Amazon Arbitration Proceedings

Delhi High Court has halted arbitration proceedings between Future Group and Amazon.com in light of CCI suspension of a 2019 deal between two sides

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FRL-Reliance Deal: Future Retail, Promoters Approach Delhi High Court Against SIAC Order

The Singapore tribunal had on December 30 refused to consider the Future group's request for terminating the arbitration proceedings before the commencement of the final hearing this week.

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After Scoring Big Win Over Amazon, A New Aggressive Move By Future Retail

Amazon successfully used the terms of its toehold $200 million investment in debt-laden Future to block the Indian retailer's attempt to sell retail assets to a rival, alleging breach of certain contracts.

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