PYMNTS-MonitorEdge-May-2024

Reliance Industries

India Court Affirms Amazon Victory Against Future Group-Reliance Deal
India Court Affirms Amazon Victory Against Future Group-Reliance Deal
August 06, 2021  |  Legal

India’s Supreme Court on Friday (Aug. 6) affirmed an emergency arbitrator’s decision, sought by Amazon, preventing the planned sale of the Future retail chain to...

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Big Tech Compliance Tracker: Australia Passes Law To Make Digital Platforms Pay For News; India Unveils New Regulations Governing Online Platforms
Big Tech Compliance Tracker: Australia Passes Law To Make Digital Platforms Pay For News; India...
March 02, 2021  |  Regulation

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments worldwide. Australia Passes Law Making Digital Platforms Pay...

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Reliance Teams With Google, Facebook In Bid For Indian Digital Payments License
Reliance Teams With Google, Facebook In Bid For Indian Digital Payments License
March 01, 2021  |  eCommerce

Reliance Industries, India’s largest company by market value, is looking to link up with Facebook and Google in a bid to get a digital payments...

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Delhi High Court Halts Future’s $3.4 Billion Deal Following Amazon’s Objections
Delhi High Court Halts Future’s $3.4 Billion Deal Following Amazon’s Objections
February 02, 2021  |  Partnerships / Acquisitions

The High Court of Delhi in India has suspended Reliance Industries’ $3.4 billion deal to acquire Future Group’s retail assets following objections by Amazon that...

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Zuckerberg Praises Reliance’s Ambani For Transforming India’s Telecom Field
Zuckerberg Praises Reliance’s Ambani For Transforming India’s Telecom Field
December 15, 2020  |  Innovation

Facebook’s Mark Zuckerberg is talking up the ability of Reliance Industries and the Ambani family to transform India’s digital payments landscape just as they did...

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Amazon Claims Insider Trading In Latest Bid To Halt Reliance’s Deal For Future Group
Amazon Claims Insider Trading In Latest Bid To Halt Reliance’s Deal For Future Group
November 11, 2020  |  Amazon

Amazon is upping the ante in its bid to thwart the $3.4 billion acquisition of Future Retail by the U.S. tech company’s major Indian eCommerce...

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Future Retail To Amazon: Stop Meddling In $3.4B Asset Sale
Future Retail To Amazon: Stop Meddling In $3.4B Asset Sale
November 08, 2020  |  Legal

Future Retail is attempting to prevent partner Amazon from meddling further in its $3.4 billion asset sale deal with Reliance Industries and has challenged the...

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Report: Amazon Alleges India’s Future Retail Breached Its Contract
Report: Amazon Alleges India’s Future Retail Breached Its Contract
November 01, 2020  |  Amazon

Amazon, which is fuming over a decision by its India business partner Future Retail to sell assets to rising Amazon rival Reliance Industries, has asked...

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Reliance Jio Surpasses 400M Subscribers As It Ponders Heading West
Reliance Jio Surpasses 400M Subscribers As It Ponders Heading West
October 30, 2020  |  International

India’s telecom giant Reliance Jio topped 405 million subscribers in the third quarter and is now the first operator outside of China to cross the...

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