Future Retail Asks Amazon to Confirm Willingness to Fund Rs 3,500cr to Repay Lenders

Future Retail Asks Amazon to Confirm Willingness to Fund Rs 3,500cr to Repay Lenders

New Delhi, Jan 22 (IANS) Future Retail’s independent directors have asked e-commerce giant Amazon if it is willing to fund Rs 3,500 crore to repay the retail company’s lenders. Notably, the question to Amazon was posted after the e-commerce giant in an earlier letter to independent directors objected to the sale of Future Retail Ltd (FRL)’s […]

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Amazon’s Battle With Reliance for Retail Supremacy Became a Legal Jungle

For more than a year, Amazon and India’s Future Group have been locked in a complex legal stand-off that has stalled Future’s $3.4 billion (roughly Rs. 24,700 crore) sale of assets to the US firm’s rival Reliance Industries — with no end in sight. Here’s what the dispute, seen as key to deciding who gets […]

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