Amazon Future Pact

Court on Tuesday dismissed Future Retail's plea to declare arbitration proceedings with its warring partner Amazon.com Inc as illegal.

Reliance Retail said "it intends to enforce its rights and complete the transaction as per its agreement with the Future Group without any delay" after the US-based e-ecommerce major Amazon.com won an interim award against Kishore Biyani-owned group company for its deal with Reliance Retail Ventures Ltd (RRVL). The Singapore-based single-judge arbi...

Reliance announced it would buy the retail, wholesale, logistics and warehousing units of the indebted Future Group, almost doubling its footprint as India's largest retailer.

Court on Tuesday dismissed Future Retail's plea to declare arbitration proceedings with its warring partner Amazon.com Inc as illegal.

Reliance Retail said "it intends to enforce its rights and complete the transaction as per its agreement with the Future Group without any delay" after the US-based e-ecommerce major Amazon.com won an interim award against Kishore Biyani-owned group company for its deal with Reliance Retail Ventures Ltd (RRVL). The Singapore-based single-judge arbi...

Reliance announced it would buy the retail, wholesale, logistics and warehousing units of the indebted Future Group, almost doubling its footprint as India's largest retailer.