AMAZON LOSES COURT CASE AGAINST BUSINESS RIVALS IN INDIA

HIGHLIGHTS

• Amazon has lost a court case against Future Group and Reliance in India.
• Amazon can approach Supreme Court.

Amazon India has lost a court against Future Group in the Delhi High Court. Overturning the  an order from Si...

INDIAN STOCK EXCHANGES APPROVE $ 3.4 BILLION RELIANCE AND FUTURE DEAL

HIGHLIGHTS

• Indian stock exchanges have approved the US $ 3.4 billion deal between Future Group and Reliance Retail.
• Amazon did not want this deal to happen.

Recently, Indian stock exchanges approved the US $ 3.4 billion deal between ...

AMAZON GOES TO COURT IN INDIA REGARDING RETAIL DISPUTE

HIGHLIGHTS

• Amazon‘s Indian partner wants to sell its retail assets in India to Reliance Industries.
• Amazon has filed an appeal in an Indian court against this decision.

In an Indian court, Amazon.com Inc. has filed an appeal in...

AMAZON SENDS LEGAL NOTICE TO FUTURE GROUP, ALLEGES BREACH OF AGREEMENT

Highlights

• India is one of the fastest growing online market for food and groceries, and all top companies including likes of Reliance, Amazon and Walmart are looking to capitalize on it

• In the year 2019, Amazon had acquired a stake of 49 percent in Future Coupon...

RELIANCE RETAIL TO ACQUIRE FUTURE GROUP’S UNITS

HIGHLIGHTS

• Reliance Retail is going to acquire Future Group’s units for $3.4 billion.
• Future Group is the second largest bricks-and-mortar retailer in India.

Reliance Retail, the largest retail chain in India is set to acquire ...

SENSEX JUMPS 400 POINTS, NIFTY TOPS 11,750

Highlights

• The S&P BSE Sensex was trading at 39,711, while the benchmark Nifty 50 is at 11,726.20

• The top Sensex gainer in the first trading session on Monday was IndusInd Bank as it went up by 5 percent, followed by ONGC, Axis Bank and HDFC Bank (all up by 2...

HIGH HOPES ON RELIANCE RETAIL-FUTURE GROUP DEAL LIKELY TOMORROW

Highlights

• According to the reports, it is going to be an all cash deal that will see Reliance Retail taking over all the debts and liabilities of Future Group along with a minority stake I. Future Enterprises

• The estimated value of this transaction will be aroun...

RIL PLANNING TO ACQUIRE FUTURE GROUP’S RETAIL BIZ FOR RS 27,000 CRORE

Highlights

• According to the reports, five listed entities that will be merged into Future Enterprises Ltd (FEL) are Future Retail Ltd, Future Consumer, Future Lifestyle Fashions, Future Supply Chain and Future Market Networks

• Reliance Industries Limited will be a...

RELIANCE ALL SET TO TAKE OVER KISHORE BIYANI'S FUTURE GROUP

Highlights

• RIL wants to complete this deal before its AGM on July 15

• Jeff Bezos' Amazon intended to acquire Kishore Biyani led Future Group, but RIL offered thorough solution to the company’s debt issues

• Future Group's Future Retail...