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India’s highest court rules in favour of Amazon to stop Reliance-Future Group deal

India’s Supreme Court has ruled in favour of Amazon in a decision that could shape the growth of e-commerce in India for years to come. It upheld an order by a Singapore-based arbitration panel against India’s biggest retailer, Reliance, buying the country’s second biggest retailer, Future Group. The court said the order is enforceable under […]

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Business

Indian stock exchange approves Future Group’s $3.4 billion deal with Reliance Industries

Indian regulators gave the go ahead for Future Group’s $3.4 billion deal with Reliance Industries to sell its retail assets, taking it a step closer toward closing a deal that has soured its ties with its business partner Amazon.com Inc. Future and Amazon are locked in legal tussles over the Indian group’s August deal with […]

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Business

Reliance Industries to acquire Future Group’s retail, wholesale, logistics and warehousing business for $3.38 billion

Reliance Industries on Saturday said it has agreed to acquire the retail and wholesale business and the logistics and warehousing business of Future Group in a deal valued at $3.38 billion, including debt. Future Group’s business has been hit by a slowing economy and the impact of the coronavirus pandemic. Mukesh Ambani-led Reliance has recently […]