August 11, 2022 16:40 (IST)
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Himachal rain: 2 women killed in Kullu house collapse | Congress announces fresh protests against price hike | Jagdeep Dhankhar takes oath as India's 14th Vice President | CBI arrests Mamata's aide Anubrata Mondal in cattle smuggling case | Kashmir: Three soldiers killed in Army camp attack, two terrorists shot dead

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 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.

Amazon gears up for hosting its first-ever 'Career Day' in India

Kolkata/UNI: Amazon Thursday announced that it will be hosting its first-ever 'Career Day' in India on September 16 which will help it reach its goal of creating 20 lakh direct and indirect jobs.

Amazon invests in Indian fintech platform Smallcase

Bengaluru/IBNS: Amazon has made its debut in India's wealth management sector, taking part in the $40 million Series C round funding by platform Smallcase. The other leading investors in the round were Faering Capital and Premji invest.

Will enforce single-judge order against FRL-RIL deal if no stay order by SC: HC

New Delhi/IBNS: The Delhi High Court Tuesday said it will implement the ruling issued by the single-judge bench restraining Future Retail Ltd (FRL) from selling its retail assets for Rs 24,713 crore with Reliance Retail to sell its business, which was opposed by US-based e-commerce giant Amazon, in case no stay is obtained from the Supreme Court within four weeks.

PVR enters into e-commerce, PopMagic microwave popcorn marks debut on Amazon

Mumbai/IBNS: PVR Ltd. the film exhibition company, forays into the e-commerce segment with its F&B offerings making its first product, PVR PopMagic microwave popcorn available on Amazon.