Why Amazon is fighting with Ambani's Reliance over Future Group — Quartz India
For both Reliance and Amazon, a deal with Future guarantees dominance of India's $900 billion retail industry.
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For both Reliance and Amazon, a deal with Future guarantees dominance of India's $900 billion retail industry.
There was misrepresentation and concealment which culminated into a fraud, the Competition Commission of India said today, defending its order suspending the 2019 transaction between Future Group and Amazon.
The tussle between Amazon and Reliance for Future Group has turned into an ego battle between billionaires Jeff Bezos and Mukesh Ambani
In 2020, Future Group had signed a deal to sell its retail, logistics and warehousing businesses to Reliance Retail, a subsidiary of billionaire Mukesh Ambani-controlled RIL.
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