Page 6 - Amazon

Due diligence may delay Future deal; stakeholders to seek more time from SC

Sources also said the takeover of Future stores by RIL scuttles Future Group lenders' options to recover their Rs 17,000-crore ($2.2 billion) debt

CCI clears Amazon's proposal to buy Catamaran's stake in Cloudtail parent

The Confederation of All India Traders (CAIT), which represents about 70 million traders in the country came down heavily on the CCI for dropping investigation against Amazon for violations pertaining

US lawmakers refer Amazon to DOJ for potential criminal conduct

A bipartisan group of members of the US House Judiciary Committee has sent a stinging letter to alert the Department of Justice to "potentially criminal conduct by Amazon and its senior executives".

How Mukesh Ambani outfoxed Amazon in a $3.4-bn deal dispute

Reliance jolted Amazon by taking over Future's stores, staff even as the e-commerce giant furiously tried to block formal acquisitions through lawsuits and arbitration across India and Singapore

Fair market regulator CCI is 'spineless, toothless', says CAIT

It is highly unfortunate that the CCI has dropped such an important investigation against law offender Amazon after starting a suo-moto case based on a global news agency's report, the statement said

Betting on Indian digital market, Microsoft unveils its fourth data centre

The overall Indian public cloud services market is expected to reach $10.8 billion by 2025, according to research firm IDC

Fintech Ezetap looks to hike revenue 5-fold to Rs 750 crore by 2024

The company provides software for financial technologies, including point of sales solutions, billing, loyalty solutions etc and sells solutions directly to enterprises like Amazon, Flipkart, Airtel

'Shops are gone': How Reliance stunned Amazon in battle for Future Retail

At a large Future Retail supermarket in Mumbai last week, workers were unloading hundreds of bright blue grocery crates belonging to India's biggest retailer Reliance

Amazon shareholders call for increased tax transparency: Financial Times

Twenty-four Amazon investors are calling on the tech giant to increase transparency in tax disclosures and adopt a new reporting standard, the Financial Times reported on Sunday

CCI disposes of complaint against Amazon Seller Services, other entities

However, the Commission said that there does not exist sufficient material to form a prima facie view in the matter

Amazon once again proposes dialogue with Future Group to end legal battles

The Supreme Court has given both parties until March 15 to explore a settlement through negotiations.

FRL-Reliance merger: SC defers hearing on Amazon's plea for 10 days

A bench headed by Chief Justice N V Ramana took note of the submissions of senior advocate Gopal Subramanium, appearing for Amazon, that there be no order from the Delhi High Court

Top headlines: Amazon, Future may bury hatchet; Eveready Chairman, MD quit

Business Standard brings you the top headlines on Thursday

Amazon, Future agree to talks; SC gives them 10 days to explore settlement

In an unexpected move on Thursday, Amazon counsel suggested at a SC hearing that the two sides negotiate, saying the 'whirlpool' of disputes fought on multiple fronts had been dragging on for too long

Amazon may file criminal case against Future over store transfers: Report

Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition

CCI cannot question pleadings of a party before a court: Amazon tells NCLAT

The US e-commerce giant made this argument related to CCI's show-cause notice issued to it in June last year

Former boss of Amazon-owned Ring Ukraine takes up arms to fight Russia

Kira Rudik is now a leader of the Ukrainian political party called Voice and has been a member of parliament since 2019

Delhi High Court adjourns Future-Amazon case to February 28

Future Group's counsel argued that if it goes into bankruptcy, the 2019 deal with Amazon for a stake sale will anyway not stand

Amazon labour organiser Smalls held, accused of trespassing firm property

Amazon.com Inc labor organizer Christian Smalls was arrested on Wednesday after allegedly trespassing on company property, the New York City Police Department (NYPD) said.

SC directs Amazon, Future to NCLAT for speedy disposal of CCI case

Amazon has challenged Competition Commission's order cancelling its 2019 deal with Future Coupons