Wednesday, 29 June, 2022

Topic: Amazon

Delhi HC halts Amazon-Future arbitration in Singapore over Reliance deal

There is a prima facie case in favour of appellants Future Retail and Future Coupons and if a stay is not granted, it will cause an irreparable loss to them, the HC says.

Delhi HC dismisses Future Group’s pleas seeking termination of Amazon arbitration

In October 2020, Future Group had been dragged by Amazon into a legal battle at the Singapore International Arbitration Centre, over a deal with Mukesh Ambani's Reliance Retail

Future Retail asks Delhi High Court to declare Amazon’s arbitration as ‘illegal’

A halt or termination of the arbitration case would be a setback for Amazon, which is in a race with Reliance to dominate India’s billion-plus consumer market.

China ordered Amazon to remove reviews, ratings of President Xi Jinping’s book, report says

The entry for Xi’s book had its ratings, comments and reviews scrubbed and disabled roughly two years ago in response to an edict from Beijing, according to a Reuters report.

CCI slaps Rs 202 cr penalty on Amazon, suspends approval for deal with Future Coupons

This comes amid a bitter legal battle between Amazon and Future Group over the latter’s proposed Rs 24,713 crore-deal with Reliance.

From Amazon to Congo, the world’s full of ‘irrecoverable carbon’ vaults we must protect

These unique carbon ecosystems, if destroyed, could take decades or centuries to regenerate.

‘Why no arrests like Aryan Khan drug case’: Traders want MP cops to act against Amazon officials

On 14 Nov, MP Police filed case under NDPS Act after seizing 720 kg marijuana in Bhind. It was supplied through Amazon, which said in earlier statement it would probe the seller.

ED summons Amazon over ‘breach’ of India’s forex laws in Future Group deal, report says

The agency is examining whether Amazon bypassed the rules when it invested Rs 1,430 crore to purchase a 49% stake in the Future Group in 2019.

Amazon alleges $1.5 billion diverted from Future Retail, battle with Reliance rages on

A probe would risk delaying the planned takeover of Future Retail by Reliance, making it harder for Mukesh Ambani to increase his retail footprint.

Amazon to launch first 2 satellites of Project Kuiper for high-speed internet in 2022

While the first two satellites are scheduled to be launched in the fourth quarter of 2022, the final constellation will consist of 3,236 satellites.

On Camera


Biden calls on Congress to suspend gas tax for three months

Will US craft a new oil compact with Saudi Arabia? Joe Biden may have to eat his own words

Like many, India will be anxiously watching the US-Saudi Arabia summit in Jeddah—knowing its fate is tied to the decisions King Salman and Joe Biden make.
File photo of Isha Ambani, daughter of billionaire Mukesh Ambani | Bloomberg

Mukesh Ambani’s daughter Isha Ambani to be named chair of Reliance retail

Isha Ambani, the current director of Reliance Retail Ventures Ltd., is expected to be announced as the chair as early as Wednesday.


The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.