India’s antitrust regulator approved Reliance Industries Ltd’s $3.5bn acquisition of Future Retail Ltd, disregarding calls by Amazon.com Inc to block the deal. Competition Commission of India approved the transaction by Reliance Retail Ventures Ltd and Reliance Retail Ltd, the regulator said on Friday. Jeff Bezos-led Amazon had written to the antitrust and market regulators asking them to block the deal alleging that Future’s sale to Mukesh Ambani, Asia’s richest man, violated a contract it had with US e-tailer. The antitrust approval intensifies Amazon’s fight with Reliance in the race to dominate India’s estimated $1tn retail market, where online shopping is gaining ground. For Amazon, th
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