Retail

In Fight With Amazon, Future Retail Sees Liquidation If Reliance Deal Fails

Business | Reuters | Tuesday October 27, 2020

Amazon on Sunday won an injunction from a Singapore arbitrator to halt FRL's deal to sell assets to Reliance, alleging that FRL had breached certain contract provisions it entered into last year in a separate deal with the U.S firm.

Reliance Jio to Host JioMart Gameathon Free Fire Esports Tournament From October 30

Veer Arjun Singh | Monday October 26, 2020

Reliance Jio's JioMart Gameathon Free Fire tournament will be the first in a series of events that the company plans to hold, and it is marketing the initiative under its JioGames platform.

Your 10-Point Guide To Amazon Vs Reliance On Future Retail

Business | Edited by Peter Noronha (with inputs from agencies) | Monday October 26, 2020

Future Retail said on Monday that it was examining an order against its deal with Reliance Industries after an arbitration panel put on hold its Rs 24,713-crore asset sale to the conglomerate led by billionaire Mukesh Ambani. Billionaire Kishore Biyani-led Future Group also said it will take steps in enforcement proceedings to close the deal withou...

As Amazon Wins Order To Stall Deal, Reliance Retail and Future Group Push Back

Business | Edited by Peter Noronha | Monday October 26, 2020

Amazon wins Rs 24,713 crore Reliance-Future Deal: The Singapore-based single-judge arbitration court had restrained Future Retail from selling its retail business to Reliance Industries for Rs 24,713 crore.

Reliance Industries Slips Nearly 2% As Reliance Retail-Future Deal Put On Hold

Business | Edited by Peter Noronha | Monday October 26, 2020

The indebted Kishore Biyani group company had earlier signed a pact to sell its retail, wholesale, logistics and warehousing units to billionaire Mukesh Ambani's Reliance Industries, through its subsidiary Reliance Retail Ventures.

Reliance-Future Deal Said to Be Put on Hold as Amazon Wins Arbitration Order Against Agreement

Reuters | Monday October 26, 2020

A Singapore arbitration panel has put on hold Future Group's $3.38 billion (roughly Rs. 24,900 crores) asset sale to Reliance Industries, an interim win for Amazon, which had alleged the deal between the Indian firms breached existing agreements.

"Intend to Enforce Rights": Reliance As Amazon Wins Order To Stall Deal

Business | Edited by Peter Noronha (with inputs from agencies) | Monday October 26, 2020

Reliance Retail said "it intends to enforce its rights and complete the transaction as per its agreement with the Future Group without any delay" after the US-based e-ecommerce major Amazon.com won an interim award against Kishore Biyani-owned group company for its deal with Reliance Retail Ventures Ltd (RRVL). The Singapore-based single-judge arbi...

Future-Reliance Deal Put On Hold As Amazon Wins Order

Business | Press Trust of India | Monday October 26, 2020

Amazon.com Inc on Sunday won an interim award against its partner Future Group selling retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore-based single-judge arbitration panel put the deal on hold.

Kuwait Retail Firms Remove French Products Over Prophet Cartoon

World News | Reuters | Monday October 26, 2020

Kuwait's retail co-ops have pulled French products in boycott over the use of cartoons of the Prophet Mohammad in a French school class on freedom of expression whose teacher was then beheaded by a Chechen teenager.

Government Imposes Stock Limits On Onion Traders To Check Prices

India News | Press Trust of India | Friday October 23, 2020

To boost domestic supply and provide relief to consumers from rising onion prices, the Centre on Friday imposed stock limits on both retailers and wholesales with immediate effect till December 31.

"To Set The Record Straight": Amazon Explains Parliament No-Show

India News | Saturday October 24, 2020

After sources said Amazon refused to appear before a joint parliamentary committee looking into the Personal Data Protection bill - and could, therefore, face "coercive action" - the online retail giant said its position "may have been misconstrued"

iPhone 12, iPhone 12 Pro Up for Pre-Orders in India: Offers, Price

Jagmeet Singh | Friday October 23, 2020

iPhone 12 and iPhone 12 Pro are now available for pre-orders in India. The pre-orders are live through the Apple India online store as well as across the company’s offline and online retail partners in the country. Aside from the pre-orders in India, Apple has started selling the iPhone 12 and iPhone 12 Pro in the initial markets that include the...

Flipkart to Buy 7.8 Percent Stake in Aditya Birla's Fashion Unit for Rs. 1,500 Crores

Gadgets 360 Staff With Inputs From Reuters | Friday October 23, 2020

Walmart's Flipkart will buy a 7.8 percent stake in Aditya Birla Fashion and Retail for Rs.1,500 crores, the fashion retail company said, sending its shares up 6 percent on Friday.

Aditya Birla Fashion And Retail Surges On Rs 1,500 Crore Investment From Flipkart

Business | Edited By Abhishek Vasudev | Friday October 23, 2020

Aditya Birla Fashion manufactures popular clothing brands like Allen Solly, Peter England, Louis Philippe and VanHeusen.

Equitas Small Finance Bank IPO Subscribed 2 Times

Business | Edited by Peter Noronha | Thursday October 22, 2020

Equitas Small Finance Bank: The portion set aside for qualified institutional investors was subscribed 3.9 times, retail investors category was subscribed 2.08 times and non-institutional investors segment, 22 per cent.