NEW DELHI Amazon.com Inc has complained to India's market regulator that its local partner Future Retail Ltd misled shareholders by incorrectly saying it was complying with its contractual obligations to the U.S. e-commerce giant, a letter seen by Reuters shows.
MUMBAI/NEW DELHIIndia's Bombay Stock Exchange (BSE) will consult the market regulator and seek clarifications from Future Retail and Reliance Industries about their $3.4 billion transaction, following Amazon's objection to the deal, an exchange source said.
NEW DELHI India's Future Retail Ltd (FRL) will go into liquidation if its deal to sell assets to Reliance Industries fails, the group told a Singapore arbitrator while arguing against Amazon.com Inc's bid to scupper the deal, a legal order seen by Reuters showed.
NEW DELHI India has ordered its 4,000 military shops to stop buying imported goods, according to a document reviewed by Reuters, a move that could send an unwelcome signal to foreign liquor firms such as Diageo and Pernod Ricard.
NEW DELHI, Oct 23 India has ordered its 4,000
military shops to stop buying imported goods, according to a
document reviewed by Reuters, a move that could send an
unwelcome signal to foreign liquor firms such as Diageo and
NEW DELHI Representatives of Amazon.com Inc in India have refused to appear before a parliamentary panel reviewing the country's privacy bill, an Indian lawmaker said on Friday, an allegation the U.S. commerce giant said was a result of a misunderstanding.
NEW DELHI India's antitrust regulator is investigating JK Tyre & Industries Ltd after a state government accused the company of bid rigging, and the probe has been expanded to other firms, according to sources and legal filings seen by Reuters.
NEW DELHI India has decided not to mandate secondary listings for domestic firms that float shares on a foreign stock exchange as it prepares to announce a new policy within weeks, two senior government sources and two industry executives told Reuters.