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Future Retail informs BSE, NSE about Delhi HC order, says Amazon s attempt to control the company violative of FEMA FDI rules

Representative Image Future Retail informs BSE, NSE about Delhi HC order, says Amazon s attempt to control the company violative of FEMA FDI rules ANI | Updated: Dec 23, 2020 22:18 IST Mumbai (Maharashtra) [India], December 23 (ANI): Future Retail on Wednesday wrote a letter to BSE and NSE regarding Delhi High Court s recent judgement and apprised that Amazon s attempt to control the company is violative of FEMA FDI rules. It also informed stock exchanges that regulators are free to decide Future-Reliance deal as per the law. The letter informed BSE and NSE that the company (Future Retail) has complied with the disclosure requirement under applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by submission of the copy of the court order.

ICICI Bank launches Infinite India platform for foreign firms; all you need to know

ICICI Bank launches Infinite India platform for foreign firms; all you need to know Infinite India will seek to eliminate the need for coordinating with multiple touchpoints thus leading to a hassle-free experience for foreign companies in India BusinessToday.In | December 23, 2020 | Updated 16:37 IST The platform, dubbed Infinite India , will offer foreign businesses banking solutions and value-added services ICICI Bank has launched a new online platform for foreign firms looking to set up or expand their business in India. The platform, dubbed Infinite India , will offer foreign businesses banking solutions and value-added services. Infinite India will seek to eliminate the need for coordinating with multiple touchpoints thus leading to a hassle-free experience for foreign companies in India.

Future Retail scheme not impeded, Amazon contravened FDI, FEMA rules

Future Retail scheme not impeded, Amazon contravened FDI, FEMA rules
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