Page 53 - Future Group News Today

The Supreme Court was told on Tuesday that talks between Amazon and the Future companies had failed, and that Reliance was taking over the assets of the latter.

New Delhi, Mar 15 (EFE).- American e-commerce and tech giant Amazon on Tuesday accused India’s Reliance conglomerate of fraud after the latter took over some assets of the Future Group, a retail firm whose ownership has become the subject of a complex legal dispute between the two companies. The US-based firm’s reaction comes weeks after …

These actions have been done in a clandestine manner by cheating on the Constitutional Courts in India

Supreme court was informed that discussions between Future Group and Amazon to resolve their dispute, had not been successful.

Amazon representatives informed Future the dispute could end if the US company could get back at least $200 million it invested in a Future unit in 2019.

US e-commerce giant Amazon on Tuesday told the Supreme Court that there were talks for settlement between Amazon and Future Group but there has been no headway

US e-commerce giant Amazon on Tuesday told the Supreme Court that there were talks for settlement between Amazon and Future Group but there has been no headway

The Supreme Court bench has asked Future Coupons to respond to Amazon’s application by March 16, when the matter will be heard next.

The US e-commerce giant has been contesting a $3.4 billion sale of Future Groups retail assets to the Reliance conglomerate that was announced in 2020, and the case is currently before the Indian Supreme Court., , reliance industries, reliance retail, future group, amazon

US e-commerce giant Amazon on Tuesday told the Supreme Court that there were talks for settlement between Amazon and Future Group but there has been no headway