The legal counsel of Amazon told the court that it had introduced Samara, an investor to Future and the term sheet was offered to solve its problems
The two players have said that they will go ahead with the regulatory process despite Amazon's objections
Future Retail which was represented by senior advocate Harish Salve told the court Future Retail does not need to seek permission from Amazon for any investments as it does not have any rights
The economy is on the mend but sustained recovery will take time: that's the picture you get by studying the July-September quarter results of 1,286 listed companies. Devangshu Datta reads the numbers
Urban Ladder was valued at around Rs 1,200 crore in 2019 and this dropped to about Rs 750 crore in 2019
All that happened in the markets today
Aramco also not in fray; actual number bids not revealed but sources say three of four have been received
Given the uncertain demand scenario, the investors are weighing if BPCL acquisition makes sense
The deal is expected to help Mukesh Ambani-headed RIL take on players such as Amazon, Flipkart, Ikea, and smaller rival Pepperfry
Billionaire Mukesh Ambani-owned Reliance Industries' retail arm has picked up 96% stake in online furniture retailer Urban Ladder for over Rs 182 crore
RRVL proposes to make a further investment of up to Rs 75 crore. The further investment is expected to be completed by December 2023
In a filing to stock exchanges, Reliance said it would make the investment in tranches over the next 8 to 10 years
Despite the dispute with Amazon, Future group and Reliance seem determined to execute their nearly Rs 25,000-cr transaction. What is Kishore Biyani left with?
RIL shores up the numbers, with $17 bn through PE, sovereign funds in 3 deals
The capital contribution commitment of $50 million constitutes 5.75 per cent of the size of the fund contemplated at present, said the company in a regulatory filing
Amazon is willing to 'sink the ship' but doesn't want Reliance to acquire Future's assets, says one analyst.
The case deals with Future Retail's suit against Amazon in a matter related to the interim order passed by an Emergency Arbitrator in Singapore.
'Amazon needs a "tutorial on the law on insider trading,' the company said
Deals beyond a certain threshold require approval from the CCI, which keeps a tab on unfair business practices across sectors
Ratcheting up competition, Ambani's portals are offering blockbuster discounts of as much as 50% on sugary confections and other holiday staples like spice mixes for India's rice delicacy, biryani