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Latest Articles in Amazon Future Deal
Amazon's Battle With Reliance For India Retail Supremacy
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 and what led to the sudden change in tone.
Read More'The Shops Are Gone': How Reliance Stunned Amazon In Battle For Future Retail
The high-profile bitter dispute between corporate titans in which Amazon has sought to block Reliance's planned $3.4 billion purchase of Future Group's retail assets is currently before India's Supreme Court.
Read MoreAmazon, Future Agree To Talks After US Retailer Offers Olive Branch
The unexpected olive branch extended by Amazon comes days after rival Reliance, the country's biggest conglomerate, began a de facto takeover of Future's assets, seizing control of some 500 stores.
Read MoreSC Asks Amazon, Future Group To Urge NCLAT To Decide Plea Of US E-commerce Major
The Delhi High Court on January 5 had stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latter's merger deal with Reliance
Read MoreNCLAT Adjourns Hearing On Amazon Plea Seeking Stay On CCI Order To Feb 25
The two-member Bench expressed difficulty in taking up the matter on Monday, as one of the members was retiring in the next four days
Read MoreFRL-Reliance Merger: SC Notice To Future Group On Plea Of Amazon
A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms and listed the plea for hearing on February 23.
Read MoreBanks In India Act Against Future Retail For Missing Payments
The lenders also said they would be required by law to provision Rs 80 billion-90 billion ($1.07 billion-$1.2 billion) in their books on account of the default by the country's second-largest retailer.
Read MoreFuture-Amazon Row: SC To Pronounce Verdict On Future's Plea On 1 Feb
The US firm, which has invested in FCPL, has been opposing the deal
Read MoreAmazon's Offer Legally Invalid, Can't Accept: FRL Independent Directors
Independent directors of Future Retail have turned down Amazon's offer of financial support to the company through a deal with private equity firm Samara Capital
Read MoreAmazon 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.
Read MoreSupreme 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
Read MoreAmazon 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.
Read MoreFuture Group Stocks Surge 20% After India Suspends 2019 Amazon Deal
The suspension potentially dents Amazon's attempts to block the sale of Future's retail assets to Reliance Industries' unit.
Read MoreAmazon-Future Deal Suspended, Rs. 200 Crore Fine Slapped by Competition Commission of India
CCI that had approved the investment in 2019 said Amazon "suppressed the actual scope" of the deal and had made "false and incorrect statements".
Read More