Page 49 - Big Bazaar News Today

Future Retail says reviewing HC order, Amazon welcomes verdict Top Searches This story is from December 21, 2020 Future Retail says reviewing HC order, Amazon welcomes verdict PTI / Dec 21, 2020, 23:06 IST FacebookTwitterLinkedinEMail (Representative image) NEW DELHI: Kishore Biyani-led Future Retail Ltd (FRL) on Monday said it is “reviewing” the Delhi high court order that has rejected its plea to restrain Amazon from writing to regulatory authorities about the SIAC arbitral order against...

Amazon’s objection Last year, FRL had signed another deal with Amazon, as part of which Amazon had acquired 49 per cent stake in Future Coupons — the promoter firm of FRL — in a deal worth nearly Rs 2,000 crore. Amazon said Future’s deal with RIL was a violation of a non-compete clause and a right-of-first-refusal pact it had signed with the Future Group. The deal also required Future Group to inform Amazon before entering into into any sale pact with third parties. On its part, Future ...

December 21, 2020 A woman shops inside the Big Bazaar retail store in Mumbai, India, November 25, 2020. REUTERS/Niharika Kulkarni/File photo MUMBAI (Reuters) – The High Court of Delhi on Monday left it to regulators to decide the fate of the $3.38 billion sale of Future Group’s retail assets to Reliance Industries Ltd, but allowed U.S. partner Amazon.com Inc to raise objections to it. Hammered by the coronavirus pandemic, Future sold its retail assets to oil-to-clothes conglomerate Reliance...

Explained: Why Future Group took Amazon to court, and what the Delhi HC said Given that Future Retail failed to stop Amazon from presenting itself to the various government bodies and regulators, the e-commerce giant will be allowed to make its case, mainly on the basis of the arbitration award. Written by Pranav Mukul , Edited by Explained Desk | New Delhi | Updated: January 4, 2021 12:08:35 pm The Amazon logo sits on a box as it passes under a scann...

URL copied Future Retail says reviewing HC order, Amazon welcomes verdict. Kishore Biyani-led Future Retail Ltd (FRL) on Monday said it is “reviewing” the Delhi High Court order that has rejected its plea to restrain Amazon from writing to regulatory authorities about the SIAC arbitral order against its asset sale under a Rs 24,713 crore deal with Reliance. FRL, in a regulatory filing, said it would submit a brief summary after consultation with legal advisors. "We are in pr...

On the Borders of Democracy Emerges ‘MSP Nagar’ With Its Own Newspaper 8th city with a two lakh population In Mr. Modis New India coming is as difficult as going, as the chappie told the sexologist. When I came up to the mountains in June this year to take a break from Covid and Kejriwal it was like an obstacle race: what with police barriers, health checks and the need to obtain that priceless E-pass which stated that I would be quarantined if I was coming from a "hot spot." That made me...

Share Via: While Jeeru strives to organise the largely unorganised Rs 700 crore ‘jeera soda’ market, it is trying to build ‘aspirational’ quotient to appeal to the youth. When consumers think of a carbonated soft drink (CSD) today, brands that automatically pop up are the ones from the Pepsi-Cola lineage. An Indian CSD company Xotik Frujus is busy trying to wedge its own ‘cold drink’ brand into the consumer memory now. And, it isn’t just another cola or orange...

Picture used for representational purpose only TRICHY: Following the public outcry over the return of banned plastic products during the lockdown period, Trichy Corporation after eight months resumed the anti-plastic drive. On Monday, the civic body officials carried out surprise inspections in the shops across the four zones resulting in the seizure of over three tonne of banned plastic items. According to sanitary department officials, around Rs 1.4 lakh was collected as penalty from the sh...

Breaking down Reliance vs Amazon: The epic battle for Indian e-commerce bragging rights Sandeep Soni Jeff Bezos sprawling e-commerce empire in India is staring at its moment of truth, again. Earlier it was back in 2013 when Amazon entered the very nascent and almost untapped e-commerce market characterised by an underdeveloped infrastructure with only 16 per cent population connected to the internet, and cash being the undisputed king. The then e-commerce market had Flipkart and...

Top stocks to watch — Future Retail, Power Grid, Cipla, Delta Corp, Yes Bank, Adani Power and others Top stocks to watch — Future Retail, Power Grid, Cipla, Delta Corp, Yes Bank, Adani Power and others Navdeep YadavDec 14, 2020, 09:12 IST BCCL At 9:01 am, the BSE pre-open was trading 0.23% higher, indicating a positive start for the Indian benchmark index. Here’s a list of stocks to watch for in trade today. Check out the latest news and updates on Business Insider.Indian stock-market i...