Business Standard

Saturday, December 21, 2024 | 11:37 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

'East India Co.': Amazon's fight with Ambani sparks foreign vs local debate

At the center of the case is Amazon's efforts to block Reliance's planned purchase of Future Group's assets

The legal spat has not only revealed the intensity of the fight between two of the world’s richest men -- Jeff Bezos and Ambani -- but has also sparked a “foreign versus local” debate
Premium

The legal spat has not only revealed the intensity of the fight between two of the world’s richest men -- Jeff Bezos and Ambani -- but has also sparked a “foreign versus local” debate

Saritha Rai | Bloomberg
A battle between Amazon.com Inc. and Reliance Industries Ltd. to dominate India’s $1 trillion consumer market is stoking nationalist rhetoric in a courtroom and outside, as the two companies tussle over the future of a distressed local retailer.

At the center of the case is Amazon’s efforts to block Reliance’s planned purchase of Future Group’s assets, saying the Indian retailer violated a contract by agreeing to a sale to a rival controlled by billionaire Mukesh Ambani. The Delhi High Court is now weighing if the U.S. e-commerce giant has any legal basis to object to the transaction and a ruling is

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in