January 25, 2022 07:47 (IST)
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Indian youth leading startups both in India, outside: PM Modi | Kerala announces stricter curbs in Thiruvananthapuram, cinemas, gyms shut, gatherings banned | Possible to defeat BJP in 2024 but not with current opposition: Prashant Kishor | NDA announces seat-sharing for Punjab assembly polls | PM Modi to interact with Pradhan Mantri Rashtriya Bal Puraskar awardees tomorrow

Future Retail accuses Amazon of blocking its OTR scheme, asks US etailer to pay the lenders

Amazon's January 19 letter opposing the sale of small-format stores by Future Retail Limited (FRL) has elicited a terse response from the latter's independent directors, who asked the e-commerce giant to pay Rs 3,500 crore to FRL so that it can repay its lenders, media reports said.

CAIT files petition to block Amazon's bid to buy 100 pc stake in Cloudtail

New Delhi/UNI/IBNS: American e-commerce giant Amazon has landed in fesh trouble as Delhi-based Confederation of All India Traders (CAIT) on Friday has filed a petition before the Competition Commission of India (CCI) seeking to block Amazon's deal to acquire 100 per cent stake in Cloudtail.

Amazon files fresh law suits in dispute with Future group: Report

New Delhi/IBNS: Amazon has approached the courts challenging the recent decisions in its protracted legal dispute with Kishore Biyani-led Future Group after the Competition Commission of India suspended a 2019 deal between the two sides, leading to a halt in their arbitration, Reuters reported on Sunday citing sources.

Amazon-Future Grp case: Delhi HC rebukes ED for insisting physical appearance of Amazon exec in Delhi amid Covid surge

Delhi/IBNS: The Delhi High Court on Wednesday told the Enforcement Directorate (ED) that it cannot force a top Amazon executive, who lives in Mumbai and is a mother of an unvaccinated two-year-old child, to be physically present to answer summons as part of its probe into the Amazon Future Group deal, media reports said.

Jolt for Future as Delhi HC dismisses plea seeking ending of arbitration proceedings with Amazon

New Delhi/IBNS: In a major setback to Future Group, the Delhi High Court has dismissed the pleas filed by Future Group of companies to terminate the arbitration proceedings with Amazon going on in Singapore International Arbitration Centre, media reports said.

Amazon seeks CCI's approval to acquire Catamaran's stake in Cloudtail

New Delhi/IBNS: Amazon has sought regulatory approval to acquire acquire Catamaran Venture’s entire stake in Prione Business Services, which owns Cloudtail, one of the largest sellers on the US-based ecommerce major’s Indian platform, Economic Times reported.

Amazon sues ED over investigation of its 2019 deal with Future Group

New Delhi/IBNS: Amazon is set to sue the Enforcement Directorate (ED) over the agency's probe in its 2019 deal with Future Group.

Amazon buys Narayan Murthy's stake in its biggest seller Cloudtail

Prione Business Services, the joint venture between Narayan Murthy-led Catamaran and Amazon, will be acquired by Amazon.

CCI cancels Amazon-Future deal

New Delhi/IBNS: Amazon suffered a setback Friday as the Competition Commission of India (CCI) suspended its deal with Future Group after reviewing complaints that US-based e-commerce giant concealed information while seeking regulatory approval, media reports said.

Indian Exporters on Amazon gear up for the Black Friday and Cyber Monday Sale

Kolkata/UNI: Amazon India Sunday announced that more than 70,000 Indian exporters which are part of its 'Global Selling Program' have geared up to present ‘Made in India’ products to Amazon's customers during the annual Black Friday and Cyber Monday (BFCM) sale.

Future Retail must take part in case against Reliance-Future deal filed by Amazon, says Singapore panel: Report

Singapore: Future Retail cannot avoid being part of the arbitration process over a commercial dispute with Amazon.com Inc, a Singapore arbitration panel ruled on Wednesday, Reuters reported.

RIL extends deadline for completion of Future deal

Mumbai/IBNS: Reliance Retail Ventures Ltd. (RRVL) has extended the long-stop date for the completion of its deal with Future Group by six month to March 31, 2022, according to media reports.

Amazon responds to 'East India Company 2.0' barb highlighting 'impact on small business'

New Delhi/IBNS: Hours after RSS-linked magazine Panchjanya attacked Amazon as "East India Company 2.0" and tagged it as a "threat to indigenous entrepreneurship", the e-commerce giant responded on Monday citing its "positive impact on small businesses... including sellers, artisans, and delivery and logistics partners".

Indian govt ropes in tech giants, local agritech firms to boost farm productivity: Report

New Delhi/IBNS: In a bid to increase farm productivity and ensure food security, the government has embarked on an ambitious productivity drive aimed at transforming the country's agricultural industry, according to a media report.

Big relief for Future Group as SC stays seizure of assets

New Delhi/IBNS: In a big relief to Future Group, the Supreme Court has halted the seizure of Future Coupons, Future Retail and Future Group owned by Kishore Biyani.