Page 4 - Amazon

Amazon, Future dispute: SC lets arbitration resume over FRL merger

The Supreme Court on Wednesday ordered resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli took note of the consent of US e-commerce major Amazon and Future group over the resumption of arbitral proceedings before the Singapore International Arbitration Centre (SIAC). The bench said the SIAC tribunal would pass an appropriate order on a plea of FRL filed under a provision of the Arbitration and Conciliation Act which provides for passing an order if the arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible. Earlier, the apex court had asked the Future Group and Amazon to jointly urge the Delhi High Court to first hear the enforcement petitions of Amazon which also relate to the preservation of assets of FRL. Amazon had moved the top

Amazon lines up satellite launches to take on Elon Musk's Starlink

Together, they will provide capacity for the company to deploy the majority of its satellite constellation, the company said

Elon Musk gets fierce competition as Amazon enters space internet biz

The tech giant signed contracts for launches with United Launch Alliance (ULA), Arianespace, and Jeff Bezos' Blue Origin. The financial details of the deal were not disclosed

Amazon app won't let workers use words like 'slave labour', 'restroom'

"Our teams are always thinking about new ways to help employees engage with each other," an Amazon spokesperson said in a statement to The Verge late on Monday

The carbon cost of data

It is estimated that the cloud industry consumes more power than many nation states, and it is a bigger emitter than the global aviation industry

Amazon, Future to appear before Singapore International Arbitration Centre

SC asks both parties to urge Delhi HC to hear enforcement pleas of US firm first

SC asks Amazon, Future to urge Delhi HC to hear pleas of US firm first

It has been alleged by Amazon that on March 3, as many as 600 stores of FRL were taken away by Reliance

Amazon, FRL agree in SC to appear before Singapore Int'l Arbitration Centre

Last month, Amazon alleged that 80 per cent of FRL shops have been surrendered to Reliance

FRL making a mockery of Indian courts, says Amazon in SC submission

Accuses the Kishore Biyani-led retailer of making false statements before courts, including SC, about its $3.4 billion asset deal with Reliance Industries

Amazon's new union demands company start bargaining in may: Report

The Amazon Labor Union also demanded the retailer respect workers' rights to union representation during disciplinary meetings, the letter said.

SC on Monday to hear Amazon plea on restraining alienation of FRL's assets

SC is scheduled to hear on Monday submissions of Amazon, seeking an interim order to ensure that FRL assets, not be alienated till dispute over its merger with Relaince Retail is decided by tribunal

China weighs giving US total access to audits of most firms

Chinese authorities are preparing to give US regulators full access to auditing reports of the majority of the 200-plus companies listed in New York as soon as mid-this year

Amazon workers in New York warehouse vote to form a union

Employees at the fulfillment center, known as JFK8, who supported the Amazon Labor Union secured a majority by hundreds of votes for the win

EU reaches agreement on rules to rein in Google, Meta, other tech giants

EU countries and lawmakers have reached an agreement on an unprecedented law to curb the market dominance of the biggest tech companies such as Alphabet's Google, Meta, Amazon and Apple

With record GMV of $13.4 bn, GeM catching up with Amazon and Flipkart

Crosses annual procurement of Rs 1 trillion in FY22

Will list as early as possible: SC on Amazon plea to preserve FRL assets

Earlier, Amazon had apprehended the 'disappearance' of assets and sought an interim order from the top court to ensure the preservation of assets of Future Retail Ltd

Amazon scales up efforts to increase its women workforce in India

Putts spotlight on women staff, associates, partners who have fought societal, cultural, disability and economic barriers and are also redefining role of a woman in fast-paced e-commerce sector

Future group firms to convene shareholder, creditors meeting in April

Future Group's 19 companies operating in retail, wholesale, logistics and warehousing assets would be consolidated into one entity, FEL, and then transferred to Reliance

US federal labour board nudges Amazon to reinstate worker who led protest

A federal labour board is seeking to reinstate an Amazon employee fired in the early days of the pandemic after leading a protest calling for the company to do more to protect workers against Covid

Data centres lean on green power as net connectivity in India spikes

Green is crucial as data centres are energy guzzlers, with the largest of them said to require more than 100 Mw of capacity, enough to power 80,000 US households