US News

Amazon scores big win as India court stalls Future’s $3.4 billion retail deal

Published by

NEW DELHI (Reuters) -India’s top court on Friday handed Inc a major victory in a case where it has sought to stall its partner Future Group’s $3.4 billion retail assets sale to rival Reliance Industries . The outcome of the tussle involving two of the world’s richest men, Amazon’s Jeff Bezos and Reliance’s Mukesh Ambani, could reshape India’s pandemic-hit shopping sector and decide if Amazon can blunt Reliance’s dominance of the country’s nearly trillion-dollar retail market. Amazon and Future have been locked in legal battles…

Read More

Facebook Comments

Check Also

B&Q Owner Kingfisher Nails Demand For DIY

“B&Q and Screwfix owner Kingfisher plc (LON:KGF) has ...