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Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
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Amazon's Battle With Reliance for India Retail Supremacy Became a Legal Jungle: Here’s How
Amazon and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4-billion (roughly Rs. 24,700 crore) sale of assets to the US firm's rival Reliance Industries — with no end in sight.
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Amazon-Future Deal Suspended, Rs. 200 Crore Fine Slapped by Competition Commission of India
Amazon's 2019 investment in Future Group that got approval from India’s antitrust regulator has now been suspended. The Competition Commission of India said in a fresh order that Amazon "suppressed the actual scope" of the deal and had made "false and incorrect statements" while seeking approval for the $200 million (roughly Rs. 1,500 crore) inve...
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Reliance Retail To Launch 7-Eleven Convenience Stores Across India
Reliance Industries Ltd's retail arm said on Thursday it has entered a franchise agreement with 7-Eleven Inc to launch the convenience stores in India, days after Future Retail Ltd ended its deal with the US chain.
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In Huge Reliance vs Amazon Clash, Supreme Court Verdict Today: 10 Points
Amazon's challenge against Future Group's $3.4 billion deal with Reliance Industries will see a Supreme Court ruling today, concluding one of the most bitterly fought battles in the world's only billion-plus retail market open to foreign competition.
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Mukesh Ambani's $3.4 Billion Deal With Future Stalled By Supreme Court
Supreme Court stopped regulatory approval for the Future Group's $3.4 billion asset sale to Reliance Industries Ltd., delaying the deal in a boost for Amazon.com Inc., which wants to scuttle the transaction in its bid to dominate the country's retail sector.
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Future Group Creditors Said to Scramble to Recover $2.5 Billion Loans Amid Reliance Deal Woes
Future Group's creditors are exploring options to recover more than $2.5 billion (roughly Rs. 18,180 crores) in loans, amid worries the Indian retailer's planned sale of assets to Reliance Industries could fail, four bankers with knowledge of the matter said.
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Amazon Goes To Supreme Court In Battle Over Future Group-Reliance Deal
Amazon has approached the Supreme Court seeking to stop Future Group's $3.4 billion retail assets sale to Reliance Industries, days after the Delhi High Court revoked a previous court decision that effectively blocked the deal. The high court order was, however, an interim one and the next hearing is on February 26.
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Court Setback For Amazon's Efforts To Block Future-Reliance Deal
The Delhi High Court lifted an order restraining Future Group from selling its retail assets to Reliance Industries Ltd., in a setback to Amazon.com Inc.'s efforts to block the deal.
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Future Group Said to Challenge Court Order Blocking Reliance Retail Deal in Dispute With Amazon
Future Group will challenge a New Delhi court order that has blocked its $3.4 billion (roughly Rs. 24,800 crores) retail assets sale on objections of business partner Amazon, according to a source.
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Future To Challenge Delhi Court Order Which Paused Reliance Deal: 10 Facts
The Future Group today challenged a Delhi High Court order that has blocked its $3.4 billion deal with Reliance on the objections of business partner Amazon. The High Court paused Future Group's sale of retail assets to rival Reliance Industries, in a boost to Amazon. Caught in a battle involving businesses led by two of the world's richest men, Je...
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Reliance's $3.4 Billion Deal With Future Group Temporarily Halted
The Delhi High Court has temporarily restrained Future Group from selling its retail assets to Reliance Industries Ltd, an interim win for Amazon which is opposing the deal with an eye to dominate a large and vital consumer market.
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Reliance-Future's Rs 24,000-Crore Deal Cleared By Market Regulator SEBI
Reliance Industries' Rs 24,713-crore deal billion deal to buy Future Group's retail assets was cleared by the Securities and Exchange Board of India (SEBI) on Wednesday, in a blow to Amazon's efforts to block the agreement.
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Reliance-Future’s $3.4-Billion Deal Cleared by CCI Despite Amazon’s Objections
Competition Commission of India (CCI) cleared conglomerate Reliance Industries' $3.4-billion (roughly Rs. 25,200 crores) deal to buy Future Group's retail assets, thwarting Amazon’s efforts to block the deal.
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Amazon Dispute Order Not Binding, Says Future Retail on Reliance Deal
Future Retail has said that an injunction brought in by Amazon over FRL’s deal to sell its retail assets to Reliance Industries for $3.4 billion is not binding on the company.
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Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
-
Amazon's Battle With Reliance for India Retail Supremacy Became a Legal Jungle: Here’s How
Amazon and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4-billion (roughly Rs. 24,700 crore) sale of assets to the US firm's rival Reliance Industries — with no end in sight.
-
Amazon-Future Deal Suspended, Rs. 200 Crore Fine Slapped by Competition Commission of India
Amazon's 2019 investment in Future Group that got approval from India’s antitrust regulator has now been suspended. The Competition Commission of India said in a fresh order that Amazon "suppressed the actual scope" of the deal and had made "false and incorrect statements" while seeking approval for the $200 million (roughly Rs. 1,500 crore) inve...
-
Reliance Retail To Launch 7-Eleven Convenience Stores Across India
Reliance Industries Ltd's retail arm said on Thursday it has entered a franchise agreement with 7-Eleven Inc to launch the convenience stores in India, days after Future Retail Ltd ended its deal with the US chain.
-
In Huge Reliance vs Amazon Clash, Supreme Court Verdict Today: 10 Points
Amazon's challenge against Future Group's $3.4 billion deal with Reliance Industries will see a Supreme Court ruling today, concluding one of the most bitterly fought battles in the world's only billion-plus retail market open to foreign competition.
-
Mukesh Ambani's $3.4 Billion Deal With Future Stalled By Supreme Court
Supreme Court stopped regulatory approval for the Future Group's $3.4 billion asset sale to Reliance Industries Ltd., delaying the deal in a boost for Amazon.com Inc., which wants to scuttle the transaction in its bid to dominate the country's retail sector.
-
Future Group Creditors Said to Scramble to Recover $2.5 Billion Loans Amid Reliance Deal Woes
Future Group's creditors are exploring options to recover more than $2.5 billion (roughly Rs. 18,180 crores) in loans, amid worries the Indian retailer's planned sale of assets to Reliance Industries could fail, four bankers with knowledge of the matter said.
-
Amazon Goes To Supreme Court In Battle Over Future Group-Reliance Deal
Amazon has approached the Supreme Court seeking to stop Future Group's $3.4 billion retail assets sale to Reliance Industries, days after the Delhi High Court revoked a previous court decision that effectively blocked the deal. The high court order was, however, an interim one and the next hearing is on February 26.
-
Court Setback For Amazon's Efforts To Block Future-Reliance Deal
The Delhi High Court lifted an order restraining Future Group from selling its retail assets to Reliance Industries Ltd., in a setback to Amazon.com Inc.'s efforts to block the deal.
-
Future Group Said to Challenge Court Order Blocking Reliance Retail Deal in Dispute With Amazon
Future Group will challenge a New Delhi court order that has blocked its $3.4 billion (roughly Rs. 24,800 crores) retail assets sale on objections of business partner Amazon, according to a source.
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Future To Challenge Delhi Court Order Which Paused Reliance Deal: 10 Facts
The Future Group today challenged a Delhi High Court order that has blocked its $3.4 billion deal with Reliance on the objections of business partner Amazon. The High Court paused Future Group's sale of retail assets to rival Reliance Industries, in a boost to Amazon. Caught in a battle involving businesses led by two of the world's richest men, Je...
-
Reliance's $3.4 Billion Deal With Future Group Temporarily Halted
The Delhi High Court has temporarily restrained Future Group from selling its retail assets to Reliance Industries Ltd, an interim win for Amazon which is opposing the deal with an eye to dominate a large and vital consumer market.
-
Reliance-Future's Rs 24,000-Crore Deal Cleared By Market Regulator SEBI
Reliance Industries' Rs 24,713-crore deal billion deal to buy Future Group's retail assets was cleared by the Securities and Exchange Board of India (SEBI) on Wednesday, in a blow to Amazon's efforts to block the agreement.
-
Reliance-Future’s $3.4-Billion Deal Cleared by CCI Despite Amazon’s Objections
Competition Commission of India (CCI) cleared conglomerate Reliance Industries' $3.4-billion (roughly Rs. 25,200 crores) deal to buy Future Group's retail assets, thwarting Amazon’s efforts to block the deal.
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Amazon Dispute Order Not Binding, Says Future Retail on Reliance Deal
Future Retail has said that an injunction brought in by Amazon over FRL’s deal to sell its retail assets to Reliance Industries for $3.4 billion is not binding on the company.
