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HomeTag: Amazon

Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL’s assets

The Supreme Court Friday asked whether it can pass any interim order on a plea of Amazon that Future Retail Ltd’s assets including ‘Big Bazaar shops’ not be alienated till the dispute over its merger with Reliance Retail is decided by the arbitral tribunal. A bench headed by Chief Justice N V Ramana, which has …

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CCI defends its December order on Amazon-Future deal

“In stark contrast to internal correspondence of Amazon, the disclosures did not indicate a possibility of the combination being pursued by Amazon for having a ‘foot-in-door’ in the Indian retail sector, acquire strategic rights over Future Retail (FRL) or entering into any commercial partnership with FRL to expand the ability of Amazon in ultra-fast delivery …

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Smartphones selling like hot cakes on Amazon: But which ones sell the most?

Over last year, Amazon has seen nearly 30% growth in smartphones category, with sales being driven by not just tier-I but also tier-II & III cities Smartphones have been one of the fastest-growing categories on Amazon, but do you know which segments (flagship, mid-range or budget) have seen the most growth in the last one …

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SC seeks Future’s response on Amazon’s plea on resumption of arbitration & FRL assets

“We will hear it on March 23 and pass some orders. Meanwhile, you (Future Retail Ltd and Future Coupons Private Ltd) file the reply,” the bench told senior lawyers Gopal Subramanium and Ranjit Kumar who were appearing for the US e-commerce firm. The Supreme Court Wednesday asked the Future group to file its reply to …

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CCI disposes of complaint against Amazon Seller Services, other related entities

The complaint was filed by All India Online Vendors Association against Amazon Seller Services, Amazon Wholesale India, Amazon Retail India, Cloudtail India and Prione Business Services. The Competition Commission has disposed of a complaint alleging unfair business practices by Amazon Seller Services Pvt Ltd and certain other related entities, saying that the allegations are devoid …

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CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT in Future case

The e-commerce major made the submission before the National Company Law Appellate Tribunal (NCLAT), which is hearing its plea against the decision of the Competition Commission of India (CCI). Amazon is seeking an interim stay on CCI decision. Amazon on Friday questioned Competition Commission’s decision to keep in abeyance the more than two-year-old approval for …

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Future Group case: Supreme Court tells NCLAT to decide on Amazon plea expeditiously

A bench led by by Chief Justice NV Ramana noted that Amazon’s appeal against the Delhi High Court order that stayed arbitration proceedings initiated by it against Future Group, before the Singapore International Arbitration Centre, is in a way connected with the CCI’s order. Deferring its hearing on the plea for resumption of arbitration proceedings …

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Supreme Court seeks response from Future Group on why arbitration proceedings against it by Amazon should not resume

The Delhi high court had last month stayed the arbitration proceedings against Future Retail’s Rs 24,500 crore proposed merger deal with Reliance Retail. The Supreme Court on Wednesday sought response from the Future Group companies as to why arbitration proceedings initiated by Amazon against it before a Singapore tribunal should not resume, as sought by …

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Reliance joins calls for India to tighten marketplace rules, sources say

Traditional retailers raised concerns during Tuesday’s meeting, called by India’s industry promotion department, and were supported by a senior Reliance executive. Indian retailer Reliance has called for tighter regulation of marketplace e-commerce platforms to ensure such websites treat all sellers equally, four sources told Reuters. While India’s biggest retailer, with more than 12,000 stores, expanded …

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