Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<keyword id="12792045" type="General" weightage="100" keywordseo="Future-Lifestyle" source="Orion">Future Lifestyle</keyword> Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the <keyword id="5961445" type="General" weightage="20" keywordseo="corporate-insolvency-resolution-process" source="Orion">corporate insolvency resolution process</keyword> (CIRP) initiated against this Future group company recently. The resolution professional of the company has provisionally admitted claims of Rs 2,117.03 crore and claims worth Rs 38.5 crore are "under verification", said the latest data shared by Future Lifestyle Fashions Ltd (<keyword id="1567510" type="General" weightage="80" keywordseo="flfl" source="Orion">FLFL</keyword>) on the exchanges. As per the provision of the Insolvency &amp; Bankruptcy Code, a Committee of Creditors (CoC) of FLFL has been formed and it will have its first meeting next week. "We wish to inform you that the first meeting of CoC of Future Lifestyle Fashions Limited (under CIRP) will be held on Tuesday, June 6, 2023," it said. On May 4, the Mumbai bench of the National Company Law Tribunal(NCLT) had directed to initiate CIRP against FLFL, admitting a petition from Bank of India. This is the third company of the <keyword id="6361562" type="General" weightage="50" keywordseo="kishore" source="Orion">Kishore</keyword> Biyani-led Future Group to be dragged into CIRP by its creditors for defaulting on loans. Its flagship firm <keyword id="1636009" type="General" weightage="50" keywordseo="future-retail-ltd" source="Orion">Future Retail Ltd</keyword> and logistics and infra arm Future Enterprises are already facing insolvency proceedings. FLFL was considering asset monetisation to pare its debts, however, it did not materialise. It had entered into a One Time Restructuring (OTR) Plan with lenders also. The company has in-house retail chains Central and Brand Factory, exclusive brand outlets (EBOs) and other multi-brand outlets (MBOs) of nearly a dozen apparel labels, including Lee Copper, Champion, aLL, Indigo Nation, Giovani, John Miller, Scullers, Converse and Urbana in its portfolio. According to the regulatory filing, State Bank of India leads the CoC of FLFL with 22.51 per cent voting share. It had an admitted loan of Rs 476.59 crore. It is followed by Centbank Financial Services Ltd, a debenture trustee, having 21.01 per cent voting share with admitted claims of Rs 444.76 crore. The petitioner Bank of India has a 19.71 per cent voting share with admitted claims of Rs 417.33 crore and Bank of Baroda has a 14.02 per cent voting share with an admission of Rs 296.79 crore of claims. FLFL was part of the 19 group companies operating in retail, wholesale, logistics and warehousing segments, which were supposed to be transferred to <keyword id="58448" type="General" weightage="50" keywordseo="reliance-retail" source="Orion">Reliance Retail</keyword> as part of a Rs 24,713-crore deal announced in August 2020. The deal was called off by billionaire Mukesh Ambani-led Reliance Industries Ltd in April. After that, Future Group companies had several defaults on payments. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/meta-unveils-vr-headset-quest-3-ahead-of-apples-wwdc-event/articleshow/100698048.cms">Meta unveils VR headset 'Quest 3' ahead of Apple’s WWDC event</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/2-in-3-indian-screenwriters-lament-lack-of-pay-incentives/articleshow/100700189.cms">Behind the scenes: 2 in 3 Indian screenwriters lament lack of pay incentives</a>

Future Lifestyle Insolvency: RP receives claims of ₹2,155.53 cr from financial creditors

<ul><li>Amazon has written to India’s market regulator – Securities and Exchange Board of India, accusing <keyword id="375475" type="COMPANY" weightage="20" keywordseo="Future-Retail">Future Retail</keyword> of insider trading, according to Reuters. </li><li>Amazon wrote in the letter that Future Retail revealed price sensitive information to Reliance regarding the Singapore arbitrator’s order of the injunction granted to the global e-commerce giant.</li><li>The Singapore court had ruled in favour of Amazon and passed an interim order that put the RIL-Future deal on hold.</li></ul>Global e-commerce giant Amazon has written to India’s market regulator – Securities and Exchange Board of India, accusing Future Retail of insider trading, according to<a href="https://www.reuters.com/article/amazoncom-india-future-reliance/exclusive-amazon-accuses-indias-future-of-insider-trading-as-it-seeks-to-block-reliance-deal-idUSL4N2HW41T"> Reuters</a>. The letter to SEBI dated November 8 says that Future Retail revealed price sensitive information to Reliance regarding the Singapore arbitrator’s order of the injunction granted to Amazon. On October 25, global e-commerce giant Amazon got a stay order on the <a href="https://www.businessinsider.in/retail/news/mukesh-ambani-reliance-retail-acquires-kishore-biyani-future-group-for-25000-crore-in-a-slump-sale/articleshow/77825144.cms">Future Retail and Reliance deal </a>from a Singapore arbitrator, and had written to BSE and SEBI to uphold the decision. Amazon had sent a legal notice to Future Coupons over Future Group’s ₹25,000 crore deal with Reliance. Amazon had <a href="https://www.timesnownews.com/business-economy/companies/article/amazon-sends-legal-notice-to-future-group-for-alleged-breach-rofl-rights-in-reliance-deal/663768">said that </a>it was denied the Rights of First Refusal for the deal with Future Group. The Singapore court had ruled in favour of Amazon and passed an interim order that put the RIL-Future deal on hold. However, Amazon in the letter to SEBI alleges that <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s Reliance, which was not a party to the arbitration proceedings, was given information regarding the same, and it would have come from Future Retail. <a href="https://www.businessinsider.in/business/news/future-retail-reliance-deal-bse-to-consult-sebi-after-amazons-request-heres-all-that-has-happened-so-far/articleshow/78949099.cms">Here’s a timeline of events in the Future Retail, Reliance vs Amazon fight so far</a> The development comes as the <keyword id="10138753" type="UNKNOWN" weightage="20" keywordseo="amazon-vs-future-retail">Amazon vs Future Retail</keyword> case in the Delhi High Court has been adjourned for the second day. Future Retail had on November 7 informed the bourses that it was seeking relief and contended that Amazon was ‘misusing’ the interim order passed by an emergency arbitrator, appointed by the Singapore International Arbitration Centre (SIAC) on October 25, 2020. During the court’s proceedings on Wednesday, Amazon’s representative Gopal Subramanium argued that when Future Retail has used money from the global e-commerce company, how can it now say that it’s in violation of the FDI rules of India. On Tuesday, Future Retail’s lawyer Harish Salve had argued that FDI isn’t allowed in multi-brand retail in India and that Amazon can’t go ahead with FDI violations. Salve ended his arguments in court by saying, “Please don’t let this American giant kill Future.” SEE ALSO: <a href="https://www.businessinsider.in/retail/news/future-retail-in-delhi-high-court-kishore-biyani-lawyers-say-amazon-knew-about-ril-deal-from-june/articleshow/79144990.cms">‘Please don’t let this American giant kill Future,’ Kishore Biyani’s lawyers say Amazon knew about RIL-Future Retail deal from June</a>

Amazon wants Future Retail to be investigated by India’s market regulator – accuses Kishore Biyani’s group of insider trading

<ul><li>The Bombay Stock Exchange has reportedly approached the Securities and Exchange Board of India on <keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword>’s behest. </li><li>Global e-commerce giant Amazon got a stay order on the <keyword id="375475" type="COMPANY" weightage="20" keywordseo="Future-Retail">Future Retail</keyword> and <keyword id="10926" type="CITY" weightage="20" keywordseo="Reliance">Reliance</keyword> deal from a Singapore arbitrator, and had written to BSE and SEBI to uphold the decision. </li><li>Here’s a timeline of how the fight between the world’s richest and India’s richest man has panned out so far. </li></ul>The fate of the ₹25,000 crore Future Retail and Reliance deal continues to be undecided. Global e-commerce giant Amazon got a stay order on the Future Retail and Reliance deal from a Singapore arbitrator, and had written to BSE and SEBI to uphold the decision. Amazon had sent a legal notice to Future Coupons over Future Group’s deal with Reliance. Amazon has <a href="https://www.timesnownews.com/business-economy/companies/article/amazon-sends-legal-notice-to-future-group-for-alleged-breach-rofl-rights-in-reliance-deal/663768">said that </a>it was denied the Rights of First Refusal for the deal with Future Group. While the Singapore arbitrator had ruled in Amazon’s favour, both Reliance and Future Group have said the deal was in accordance with Indian laws and that they wanted to close the deal without any delay. Here’s a timeline of how the fight between the world’s richest and India’s richest man has panned out so far. January 2019: Amazon picks up a 49% stake in Kishore Biyani’s Future Group’s – Future Coupons for ₹1,431 crore. As part of the agreement, Amazon had been granted a call option. This option allows Amazon to acquire all or part of the promoters' shareholding in Future Retail and can be exercised in three or ten years. August 30, 2020: <a href="https://www.businessinsider.in/retail/news/heres-why-reliance-retail-with-almost-12000-stores-bought-future-retail-which-has-just-1500-outlets/articleshow/77843965.cms">Mukesh Ambani buys out Kishore Biyani’s</a> Future Retail for ₹25,000 crore in a slump sale. With the acquisition, Future Retail, Future Lifestyle Fashions, Future Consumer, Future Supply Chains and Future Market Networks will merge into Future Enterprises Limited (FEL). October 8, 2020: Amazon sends a <a href="https://www.businessinsider.in/business/ecommerce/news/amazon-fights-for-its-rights-in-the-future-retail-reliance-deal-sends-legal-notice-to-the-kishore-biyani-group/articleshow/78547247.cms">legal notice</a> to Future Coupons over Future Group’s deal with Reliance. Amazon has <a href="https://www.timesnownews.com/business-economy/companies/article/amazon-sends-legal-notice-to-future-group-for-alleged-breach-rofl-rights-in-reliance-deal/663768">said that </a>it was denied the Rights of First Refusal for the deal with Future Group. October 25, 2020: Singapore court <a href="https://www.businessinsider.in/stock-market/news/ril-future-retail-stocks-under-pressure-after-singapore-arbitration-court-rules-in-favour-of-amazon/articleshow/78865963.cms">rules in favour</a> of Amazon, passes an interim order that puts RIL-Future deal on hold. October 25, 2020: Reliance Retail Ventures issues a statement that it has entered into the transaction for acquisition of assets and business of Future Retail Limited under proper legal advice and the rights and obligations are fully enforceable under Indian Law. “RRVL intends to enforce its rights and complete the transaction in terms of the scheme and agreement with Future group without any delay,” said the company. October 29, 2020: Amazon writes to the BSE and SEBI to consider the Singapore arbitrator’s order. October 30, 2020: BSE is reportedly set to consult SEBI on the matter, will seek clarification from RIL and Future Group. November 1, 2020: Future Retail has informed Indian stock exchanges BSE and NSE that Amazon is 'entirely misconceived’ about the agreement between Amazon and Kishore Biyani (CEO of Future Group) same as between Future Retail and its promoters. The filing said that the stock exchanges must not take into cognisance order of a Singapore arbitration court. November 2, 2020: Future Retail has filed a caveat petition in the Delhi High Court against Amazon, according to a ET report. With the petition, if Amazon moves an Indian court, Future Retail will be first given the chance to present its side to the court before any order is passed. November 7, 2020: Future Retail has approached the Delhi High Court seeking relief "against Amazon.com NV Investment Holdings LLC (“Amazon”) from interfering with the Transaction by misusing an Interim Order dated 25th October, 2020 issued by an Emergency Arbitrator, appointed by the Singapore International Arbitration Centre (SIAC)." SEE ALSO: <a href="https://www.businessinsider.in/retail/news/dmart-gets-ready-to-take-on-jiomart-falling-profits-and-footfalls-competition-push-radhakishan-damani-towards-e-commerce/articleshow/78743910.cms">DMart gets ready to take on JioMart – falling profits and footfalls, and competition push Radhakishan Damani towards e-commerce</a>

Future Retail-Reliance deal: Kishore Biyani's group moves Delhi High Court seeking relief against Amazon —  Here’s all that has happened so far

The Delhi High Court Tuesday directed <keyword id="375475" type="COMPANY" weightage="20" keywordseo="Future-Retail">Future Retail</keyword> Ltd (FRL) to maintain status quo in relation to its Rs 24,713 crore deal with Reliance Retail, which has been objected to by US-based e-commerce giant Amazon. Justice J R Midha said the court was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon. "Respondents (FRL) are directed to maintain status quo as on today at 4:49 PM till pronouncement of the reserved order," the judge said. Amazon has approached the high court seeking direction to order enforcement of the award by Singapore's Emergency Arbitrator (EA) restraining FRL from going ahead with its Rs 24,713 crore deal with Reliance Retail. Amazon has sought to restrain Kishore Biyani-led Future Group from taking any steps to complete the transaction with entities that are a part of the Mukesh Dhirubhai Ambani (MDA) Group.

Amazon gets interim relief, Delhi High Court directs Future Retail to maintain status quo on deal with Reliance

<ul><li>Future Retail, which runs the chain of Big Bazaar stores, had already launched its online service with Amazon across 22 centres. </li><li>Future Retail will list on Amazon Prime for grocery and merchandise delivery in Delhi, Mumbai and Bengaluru. </li><li>The group’s Big Bazaar and FoodHall will soon be available online. </li></ul>E-commerce giant Amazon signed a long-term business agreement with <keyword id="44950" type="PERSON" weightage="20" keywordseo="Kishore-Biyani">Kishore Biyani</keyword>’s <keyword id="44949" type="CITY" weightage="20" keywordseo="Future-group">Future Group</keyword>. As per the deal, Amazon will become Future Retail’s authorized online sales channel. “FRL’s national footprint of stores offering thousands of products across fashion, appliances, home, kitchen and grocery will now be available to millions of customers shopping on Amazon.in, in hours across 25+ cities,” said Amit Agarwal, SVP &amp; Country Head, <keyword id="6354743" type="COMPANY" weightage="20" keywordseo="Amazon-India">Amazon India</keyword>. Future Retail runs the chain of Big Bazaar stores, and had already launched its online service with Amazon across 22 centres. As per the latest agreement, Future Retail will list on Amazon Prime for grocery and merchandise delivery in Delhi, Mumbai and Bengaluru. The group’s Big Bazaar and FoodHall will also be available online, soon. The companies also signed a deal over Future’s consumer products – Tasty Treat for snacks, Voom for fabric care, Dreamery for dairy, Karmiq for dry fruits, Mother Earth for organic staples, Kara for personal care, CleanMate for household cleaning etc. “This arrangement will allow us to build upon each other’s strengths in the physical and digital space so that customers benefit from the best services, products, assortment and price,” said Kishore Biyani, chairman &amp; managing director, Future Retail. The move by Future and Amazon comes days after Reliance made its e-commerce debut in grocery with <keyword id="8506093" type="UNKNOWN" weightage="20" keywordseo="Jiomart">JioMart</keyword>. Reliance’s JioMart is currently available in Navi Mumbai, Thane and Kalyan - suburbs of Mumbai. SEE ALSO <a href="https://www.businessinsider.in/business/ecommerce/news/reliance-e-commerce-venture-jiomart-makes-a-silent-debut-calls-for-pre-registrations/articleshow/73046911.cms">Reliance’s e-commerce venture JioMart makes a silent debut, calls for pre-registrations</a>

Amazon rushes to bring Kishore Biyani’s Future Group online, days after Mukesh Ambani’s JioMart launch

<ul><li><keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword> has said that it was denied the Rights of First Refusal for the deal with Future Group.</li><li>In August, the Mukesh Ambani-led Reliance had acquired Future Group’s assets by way of a ‘slump sale’.</li><li>Amazon in 2019 had picked up a 49% stake in <keyword id="44950" type="PERSON" weightage="20" keywordseo="Kishore-Biyani">Kishore Biyani</keyword>’s Future Group’s – Future Coupons for ₹1,431 crore. </li></ul>Global e-commerce giant Amazon has sent a legal notice to Future Coupons over Future Group’s deal with Reliance. Amazon has <a href="https://www.timesnownews.com/business-economy/companies/article/amazon-sends-legal-notice-to-future-group-for-alleged-breach-rofl-rights-in-reliance-deal/663768">said that </a>it was denied the Rights of First Refusal for the deal with Future Group. In August, the Mukesh Ambani-led Reliance had acquired Future Group’s assets by way of a ‘slump sale’. However, even then speculations were rife about what happens to Amazon’s previous partnership with Future Coupons. Amazon in 2019 had picked up a 49% stake in Kishore Biyani’s Future Group’s – Future Coupons for ₹1,431 crore. As part of the agreement, Amazon had been granted a call option. This option allows Amazon to acquire all or part of the promoters' shareholding in <keyword id="375475" type="COMPANY" weightage="20" keywordseo="Future-Retail">Future Retail</keyword> and can be exercised in three or ten years. “We have initiated steps to enforce our contractual rights. As the matter is sub-judice, we can’t provide details,” Amazon said in a statement. With the matter now having taken a legal turn, Amazon could pose a major hurdle in the completion of the Reliance and Future Group deal. Earlier, it was <a href="https://www.financialexpress.com/industry/amazon-to-buy-reliance-retail-stake-ril-may-sell-up-to-40-in-retail-unit-to-jeff-bezos-firm/2079667/">reported </a>by several publications that Amazon was in talks with Reliance for a 40% stake in Ambani’s retail venture. Even though the deal didn’t go ahead, Amazon has been strengthening its foothold in India. Amazon had recently received ₹1,125 crore from its Singapore-registered parent entity. Additionally, Amazon and Samara Capital are investing ₹275 crore ($37.5 million) into MORE – the retail chain the duo had acquired from Kumar Mangalam Birla’s Aditya Birla Group, according to filings sourced by financial data platform <a href="https://paper.vc/amazon-and-samara-inject-cash-into-more/">paper.vc</a>. SEE ALSO: <a href="https://www.businessinsider.in/policy/economy/news/private-companies-in-india-can-now-convert-permanent-jobs-into-fixed-term-contracts/articleshow/78546306.cms">Private companies in India can now convert permanent jobs into fixed-term contracts — without offering severance pay or a fixed tenure</a>

Amazon fights for its ‘rights’ in the Future Retail-Reliance deal – sends legal notice to the Kishore Biyani Group

<ul><li><keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword> has picked up a 49% stake in <keyword id="44950" type="PERSON" weightage="20" keywordseo="Kishore-Biyani">Kishore Biyani</keyword>’s <keyword id="44949" type="CITY" weightage="20" keywordseo="Future-group">Future Group</keyword>’s – Future Coupons. </li><li>Amazon also announced its 2-hour grocery delivery service – Amazon Fresh in Bengaluru.</li><li>The developments come in right before <keyword id="6354504" type="DEFINITION" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword> makes its reported entry into e-commerce.</li></ul>Global e-commerce giant Amazon picked up a 49% stake in Kishore Biyani’s Future Coupons. This company is the promoter of <keyword id="375475" type="COMPANY" weightage="20" keywordseo="Future-Retail">Future Retail</keyword>, and Amazon will indirectly have ownership of the vast group of offline retail chains including Big Bazaar. “We have been informed by Kishore Biyani on behalf of the existing shareholders forming part of the promoter group and Future Coupons that they have entered into a share subscription agreement and a shareholders' agreement with Amazon,” said a regulatory filing by Future Retail. As part of the agreement, Amazon has been granted a call option. This option allows Amazon to acquire all or part of the promoters' shareholding in Future Retail and can be exercised in three or ten years. Again, this is subject to the regulation. Future Retail’s stock fell by 4.7% in early trade to ₹393, as the announcement was made late last night. Amazon gets Fresh The development came in on the same day as Amazon also announced its two-hour grocery delivery service – Amazon Fresh. With Amazon Fresh, customers can order their complete grocery requirements across a selection of over 5,000 fruits and vegetables, dairy, meat, ice-creams, and dry grocery like staples, packaged food, personal care and home care. While Amazon fresh is currently available in Bengaluru, it will also be offered in other cities soon. Amazon’s stake in Future Group gives it access to offline store print in India, as the competition in the offline retail segment intensifies. Future Group which runs the stores Big Bazaar has 2,000 retail stores, covering over 24 million square feet of space in over 400 cities and towns. Reliance Jio is set to make its entry in the e-commerce segment with groceries. Meanwhile, <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s Reliance Retail has 10,644 stores in over 6,700 cities. It is present across areas like food and grocery, consumer electronics, fashion and lifestyle. Reports also had earlier said that Amazon is looking to acquire a <a href="https://www.businessinsider.in/jeff-bezos-amazon-may-buy-stake-in-mukesh-ambanis-reliance-retail/articleshow/70476636.cms">26% stake in Reliance Retail</a>.

Amazon prepares for the Mukesh Ambani challenge with a bet on Future Group – but Kishore Biyani's shareholders aren't happy

The <keyword id="6355014" type="UNKNOWN" weightage="20" keywordseo="delhi-high-court">Delhi High Court</keyword> on Wednesday sought response from <keyword id="375475" type="COMPANY" weightage="20" keywordseo="Future-Retail">Future Retail</keyword> Limited on <keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword>'s petition to set aside observations in the interim order of a single-bench in a suit filed by the retailer. On December 21, a single-member bench presided by Justice Mukta Gupta had refused to restrain Amazon from interfering in Future Retail's deal with Reliance by writing to the statutory authority in view of the Emergency Award. Pursuant to this, Amazon moved the division bench of the Delhi High Court against the order dated December 21. During the proceedings on Wednesday, the division bench of Chief Justice D.N. Patel and Justice Jyoti Singh issued notice to the Future Retail Limited and slated the matter to February 12. Advocate Gopal Subramanium and Rajiv Nayyar appeared for Amazon. Advocate Harish Salve came on behalf of Future Retail Limited, while Abhishek Manu Singhvi and Darius Khambata for Reliance. Amazon had dragged Future Group to arbitration at Singapore International Arbitration Centre after the firm signed a pact to sell retail, wholesale, logistics and warehousing units to Mukesh Ambani's Reliance in a Rs 24,713 crore deal. As per the Amazon, Future Retail Limited violated the contract by entering into the deal with Reliance. In a fresh plea before the Delhi High Court, Amazon stated, "The learned single Judge made certain prima facie observations on the merits of the Appellant's case in the arbitration proceedings which are inconsistent with the findings of the EA order and thus gravely prejudice the appellant." "The prima facie observations contained in the impugned order effectively resulted in allowing Future Retail Limited to collaterally bypass the EA order," Amazon said. Amazon said Future Retail has been relying on these prima facie observations to misconstrue the true import of the impugned order in an effort to mislead regulators to grant approval to the potential transactions which has forced Amazon to file an appeal to quash and set aside the prima facie observations.

Future Retail vs Amazon: Delhi HC asks the Kishore Biyani group to share responses to a plea filed by the e-commerce giant

The arbitration proceedings between Amazon and Kishore Biyani have begun in Singapore. Former Attorney General of Singapore, V.K. Rajah concluded arbitration hearing on Friday, October 16 and will deliver his ruling on or before Monday, October 26, sources said. Rajah, former Attorney General of Singapore, is the sole arbitrator in the Amazon vs. Future vs. Reliance arbitration matter. An emergency hearing of the arbitration took place in Singapore on Friday. Harish Salve appeared for the Future Retail (being acquired by RIL) while Singapore based lawyer, Davinder Singh appeared on behalf of Future Coupons Pvt Ltd. (FCPL) -- the holding company of Kishore Biyani. Gopal Subramanium, former Solicitor General of India, appeared for Amazon. The hearing is said to have lasted for 5 hours. The arbitrator V.K. Rajah said that he would deliver his judgment on or before Monday. That judgement will eventually decide the fate of Reliance's deal with the Future Group. Amazon's investment in FCPL is around Rs 1,500 crore, which is an insignificant amount for <keyword id="191583" type="PERSON" weightage="20" keywordseo="Jeff-Bezos">Jeff Bezos</keyword> -- the richest man in the world and CEO of Amazon. According to experts, Amazon's legal salvo at Future is indirectly aimed to thwart Reliance's attempt to establish its leadership position in the Indian retail sector. Analysts see this as a war between world's richest man Jeff Bezos, having a networth of $204.6 billion and India's richest man, <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> with a (net worth $ 88.4 billion for a control over India's retail sector.

You Searched For "mukesh ambani and kishore biyani deal" and got 9 results

Future Lifestyle Insolvency: RP receives claims of ₹2,155.53 cr from financial creditors

PTI

Amazon wants Future Retail to be investigated by India’s market regulator – accuses Kishore Biyani’s group of insider trading

Sanchita Dash

Future Retail-Reliance deal: Kishore Biyani's group moves Delhi High Court seeking relief against Amazon — Here’s all that has happened so far

Sanchita Dash

Amazon gets interim relief, Delhi High Court directs Future Retail to maintain status quo on deal with Reliance

PTI

Amazon rushes to bring Kishore Biyani’s Future Group online, days after Mukesh Ambani’s JioMart launch

Sanchita Dash

Amazon fights for its ‘rights’ in the Future Retail-Reliance deal – sends legal notice to the Kishore Biyani Group

Sanchita Dash

Amazon prepares for the Mukesh Ambani challenge with a bet on Future Group – but Kishore Biyani's shareholders aren't happy

Sanchita Dash

Future Retail vs Amazon: Delhi HC asks the Kishore Biyani group to share responses to a plea filed by the e-commerce giant

IANS

Jeff Bezos and Mukesh Ambani's legal battle - a possible verdict on Monday will decide the fate of Reliance-Future Retail's deal

IANS

Popular Keywords

Buying Guides