Amazon's deal with Future Retail stuck on new e-commerce FDI norms

Shares of Kishore Biyani-led firm fall 11 per cent after Centre announced amendments to FDI norms for e-tailers

Shares of Kishore Biyani-promoted Future Retail have fallen over 11 per cent in the past four trading sessions after the government announced changes  to foreign direct investment (FDI) norms for e-commerce companies.

The Centre last week announced changes to e-commerce policy to check predatory pricing and deep discounting. According to the new policy, e-commerce portals can’t force vendors to have exclusive deals, and will give uniform terms to all sellers. The government also aims to put a cap of 25 per cent on the inventory