The interim order came after Future Retail approached the court last month against a temporary injunction Amazon got from a Singapore arbitration tribunal to halt the Reliance deal.
Move to carry out sale of the entire Future Retail undertaking through a series of inter-connected transactions will set a dangerous precedent and could hurt public interest.
Kishore Biyani-led Future Retail Ltd alleged that the e-commerce giant was interfering in its deal with Reliance Retail on the basis of an interim order passed by a Singapore arbitrator.
Amazon agreed to buy 49% of Future Coupons Ltd with the option to buy all or part of its shareholding in Future Retail, though this won’t be exercisable until between 3 and 10 years.
News channels were also in two minds about removing stray dogs to the government dog pounds. NDTV took credit for it and CNN-News 18 called ‘controversial order’.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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