Friday, 24 March, 2023

Big win for Amazon as Supreme Court of India stalls Future-Reliance deal

<p>The Supreme Court of India validated the judgment by Singapore Arbitrator-that had stalled the deal between Future and Reliance group, after the two-judge bench finds merit in Amazon&#39;s objection applicable in India. Amazon had accused Future of violating its pre-existing contracts, while the latter has denied any transgressions. Shares of Reliance and Future dipped by 1.3% and 6% respectively. This tussle could reshape India&#39;s trillion-dollar retail market.</p>