Tag: Amazon Ril Clash

Mumbai: Equity indices spiralled lower on Monday following heavy losses in Reliance Industries after Amazon won an interim arbitration award to stall the Mukesh Ambani-led firm’s acquisition of Future Group’s retail assets. A sharp fall in the rupee and a negative trend in global markets further unnerved investors, traders said. After tanking 737 points during […]

New Delhi: The face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Jeff Bezos-run behemoth Amazon over the retail assets of Future Group in India has once again exposed the ambition of the so-called “gatekeeper for e-commerce” to keep the reins of a growing retail market in the country in its hands. The legal battle […]