Amazon has won a big battle against Reliance Industries in India ...Middle East

Quartz - Economy
Amazon has won a big battle against Reliance Industries in India
source : Quartz ( Middle East ) () 24
It looks like India’s richest man can’t have it all, especially when another heavyweight billionaire is involved.Today (Aug. 6), the supreme court of India upheld an emergency order that Amazon had obtained from the Singapore International Arbitration Centre (SIAC) in October 2020 restraining Future Group from selling its retail business to Mukesh Ambani’s Reliance Industries (RIL).The firm founded by Jeff Bezos had alleged a violation of contract when Future Group struck the $3.4 billion (Rs24,713 crore) deal with Reliance Retail last year. Amazon had claimed a conflict as it owns a 49% stake in Future Coupon, a promoter entity of the Kishore Biyani’s retail chain.Read the rest of this stor

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