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Indian retailer Reliance has nixed its $3.4 billion deal with Mumbai-based retail firm Future Group, adding it “cannot be implemented” because Future’s secured creditors rejected the agreement, Reuters reported Saturday (April 23). The scuttled deal has been part of a legal skirmish since 2020, when...

Amazon remains locked in a protracted legal battle with Reliance Industries to control the fate of Future Group and gain the lion’s share of India’s retail market, according to a report Monday (March 21) in The Wall Street Journal. India is home to an eCommerce...

Amazon has asked India’s market regulator, the Securities and Exchange Board of India (SEBI), to withdraw its conditional approval of competitor Future Group’s $3.4 billion assets sale of its retail operation to Reliance Industries, Reuters reported Monday (Aug. 30). Amazon’s justification is a ruling from...

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 Reliance Industries. Future Group, the court ruling notes, is the second-largest brick-and-mortar retailer in India. Reliance Industries is a giant...