The court was hearing a plea by Amazon seeking direction to order enforcement of Singapore arbitrator’s ruling restraining Future Group from going ahead with its deal with Reliance.
In its plea, Amazon alleged wilful disobedience of Singapore arbitrator’s ruling temporarily restraining Future Group from going ahead with sale of its retail operations to Reliance.
The legal spat between two of the world’s richest men – Amazon’s Jeff Bezos & Reliance’s Mukesh Ambani – has also sparked a ‘foreign versus local’ debate.
Biyani’s Future Group is caught in a tussle for India’s consumer retail market, worth nearly $1 trillion, between firms led by two of the world’s richest men.
By seeking to stall Ambani’s purchase of Future, Bezos may be signalling he’d rather remain a rival. Or, he’s buying time to sweeten offer currently on table.
Hearing Amazon’s request for an interim order, an arbitration court in Singapore has put temporary hold on Future Group's $3.4 bn deal to sell assets to Mukesh Ambani’s Reliance.
Amazon had agreed to purchase 49% of one of Future’s unlisted firms last year, with the right to buy into flagship Future Retail Ltd. after a period of between three and 10 years.
By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
While there are patrolling points (PP) 10, 11, 12, 12A and 13 in the Depsang Plains, the patrol in the region Monday was carried out to only one point as decided by India and China.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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