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Future Retail, RIL say will close deal as Singapore panel orders halt on Amazon plea

Consumer

26 October, 2020

Future Retail, RIL say will close deal as Singapore panel orders halt on Amazon plea

Future Retail said on Monday it was examining an order by an arbitration panel to put on hold its $3.38 ......

Flipkart to invest over $200 mn in Aditya Birla Fashion

Consumer

23 October, 2020

Flipkart to invest over $200 mn in Aditya Birla Fashion

Flipkart Group will invest Rs 1,500 crore ($204 million) in Aditya Birla Fashion and Retail Ltd, as the Walmart Inc.-owned ......

Founder-led firms outpacing CEO-led ones in market recovery

TMT

20 October, 2020

Founder-led firms outpacing CEO-led ones in market recovery

Technology companies led by their founders have been the standout winners in share price performance and profit growth this year, ......

Grapevine: Amazon hires AZB in Future case; Tiger Global-backed OkCredit weighs merger

General

16 October, 2020

Grapevine: Amazon hires AZB in Future case; Tiger Global-backed OkCredit weighs merger

Amazon.com Inc. has hired law firm AZB Partners to challenge Future Group’s sale of its retail business to Reliance Industries ......

Amazon injects $95.5 mn into India payments unit ahead of festive season

TMT

09 October, 2020

Amazon injects $95.5 mn into India payments unit ahead of festive season

Amazon.com Inc has invested 7 billion rupees ($95.51 million) in its Indian payments unit, ahead of the festive season, data ......

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Reliance sets sight on another retailer as Future Group deal hits hurdle

Consumer

08 October, 2020

Reliance sets sight on another retailer as Future Group deal hits hurdle

Billionaire Mukesh Ambani-led Reliance Industries Ltd is looking into the possibility of acquiring another retailer even as its ambitious deal ......

Amazon sends legal notice to Future Group over Reliance deal

Consumer

08 October, 2020

Amazon sends legal notice to Future Group over Reliance deal

Amazon.com Inc said on Wednesday it has sent a legal notice to a promoter of Future Group, alleging the Indian ......

Flipkart gears up for overseas IPO, may target $50 bn valuation

TMT

16 September, 2020

Flipkart gears up for overseas IPO, may target $50 bn valuation

Walmart Inc-controlled Indian e-commerce firm Flipkart is preparing for an initial public offering overseas as early as 2021, which could ......

Flipkart to hire 70,000 in India ahead of big shopping event

TMT

15 September, 2020

Flipkart to hire 70,000 in India ahead of big shopping event

Walmart Inc's Flipkart said on Tuesday it would create 70,000 new jobs and employ many more as delivery partners and ......

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Value Lens: Why Silver Lake-backed Reliance Retail towers over global biggies

Consumer

11 September, 2020

Value Lens: Why Silver Lake-backed Reliance Retail towers over global biggies

Reliance Industries Ltd’s retail unit will certainly surprise global brick-and-mortar giants in the segment with a relatively aggressive valuation. This becomes ......