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.
The Southeast Asian theatre is central to the Great Power contest between the US and China. It’s also a landscape where middle powers—France, the UK, Turkey—are shaping the strategic environment.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
Capable of being fired in plain and high-altitude areas, it has day-and-night capability and two-way data link to support post-launch target, aim-point update.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
COMMENTS