The apex court bench said the high court should consider the plea of Future Retail on the issue without being influenced by the observations made in its order.
Amazon has sought in the Supreme Court that Singapore’s Emergency Arbitrator award that restrained Future Retail from going ahead with the merger was valid & enforceable.
India’s e-commerce rules single out foreign-owned online platforms like Amazon and Flipkart. But the domestic online and offline retailers follow similar marketing tactics.
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.
Saudi's Public Investment Fund, a sovereign wealth fund, will pick a 2.04% stake in Mukesh Ambani's Reliance Retail and will be its third investment in the conglomerate.
With the latest investment, Reliance Retail has raised 377.1 billion rupees from global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG & ADIA in less than 4 weeks.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
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.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
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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