
India's top retailer Reliance on Saturday called off its $3.4 billion deal with Future Group, saying it "cannot be implemented" after Future's secured creditors rejected it.
50 published items with the word (s) or phrase Future Group in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
India's top retailer Reliance on Saturday called off its $3.4 billion deal with Future Group, saying it "cannot be implemented" after Future's secured creditors rejected it.
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.
Amazon.com Inc and India's second-largest retailer Future Group have agreed to talks, seeking to resolve legal wrangles at the heart of a battle for supremacy in the country's vast retail sector.
Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources said.
Amazon has filed a legal challenge at an Indian tribunal against the national antitrust agency's suspension of a 2019 deal it had with Indian retailer Future Group, sources with direct knowledge told Reuters on Sunday.
A Delhi court has halted arbitration proceedings between India's Future Group and its estranged U.S. partner Amazon in light of the national antitrust agency's suspension of a 2019 deal between the two sides.
Amazon.com Inc is taking India's financial crime fighting agency to court, seeking to quash an investigation into one of its 2019 deals, a court filing shows.
Shares of India’s Future Group companies surged about 20% on Monday after the country’s antitrust agency suspended Amazon.com Inc’s 2019 deal with the group.
India's antitrust body on Friday suspended Amazon.com's 2019 deal with Future Group following a review of allegations that the U.S. e-commerce giant had concealed information while seeking regulatory approval.
Amazon has warned India's antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to "further restrict competition."