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February 9, 2021
Last week, a single judge at Delhi High Court restrained Future Group firms from selling their assets. The tussle between two of the worlds richest men -- Jeff Bezos and Mukesh Ambani -- to dominate Indias estimated $1 trillion retail market is testing foreign investor patience with flip-flopping court rulings. This week saw new developments in Amazon.com Inc.s legal battle to block Ambanis Reliance Industries Ltd. from acquiring Future Retail Ltd.s assets, in what would be the countrys largest...
February 9, 2021
India Business News: BENGALURU: In a setback for US e-commerce giant Amazon, a two-judge bench of the Delhi high court lifted the status quo on Future Group’s deal with Re.
February 9, 2021
Future Retail gets relief from Delhi HC bench in RIL deal case The high courts order came over an urgent petition moved by FRL after the single-member bench directed maintaining status-quo over Futures deal with Reliance. 0 claps Share on Future Retail Ltd (FRL) on Monday said the Delhi High Court has ruled that statutory authorities cannot be restrained from acting in accordance with the law and stayed a previous order on the status quo of its Rs 24,713 crore deal with Reliance. Updating stock...
February 9, 2021
Investors are scrutinising high-stakes retail-sector court case for legal precedents about validity of foreign rulings.
February 9, 2021
The rulings come after two big arbitration awards against India. In September, international arbitrators said India acted unfairly in a $3 bn tax dispute with Vodafone and in another ruling ordered India to return $1.2 bn to Cairn for a similar failure. India has challenged the Vodafone ruling in Singapore, the govt informed Parliament on Monday.
February 9, 2021
The equity benchmarks further extended gains and hit record high levels in mid-afternoon trade. At 14:25 IST, the barometer index, the S&P BSE Sensex, jumped 426.29 points or 0.83% to 51,775.06. The Nifty 50 index spurted 124.70 points or 0.82% to 15,240.50. The Sensex hit a record high of 51,835.86 and the Nifty hit a record high of 15,257.10 in mid-afternoon trade. Both the indices have gained over 11% in seven straight sessions. The broader market underperformed the benchmark indices. The S&...
February 9, 2021
Domestic benchmarks reversed intraday gains and ended near the flat line after a volatile session on Tuesday. As per provisional closing data, the barometer index, the S&P BSE Sensex, fell 19.69 points or 0.04% to 51,329.08. The Nifty 50 index lost 6.50 points or 0.04% to 15,109.30. The Sensex hit a record high of 51,835.86 and the Nifty hit a record high of 15,257.10 in mid-afternoon trade. Investors booked profits after both the indices surged about 11% in the past six consecutive sessions. ...
February 9, 2021
Amazon-Future case in HC: Group of Companies Doctrine cant be invoked By IANS | Published on Tue, Feb 9 2021 14:27 IST | 0 Views Delhi HC refuses to restrain Amazon, says suit filed by Future Retail maintainable. Image Source: IANS News New Delhi, Feb 9 : A division bench of the Delhi High Court has said in its order that a reading of the agreement clauses shows that Amazon has no intent to exercise control over Future Retail Limited (FRL) and prima facie there was no reason...
February 9, 2021
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February 9, 2021
India Business News: The tussle between two of the world’s richest men -- Jeff Bezos and Mukesh Ambani -- to dominate India’s estimated $1 trillion retail markets is testi