financetom
Business
financetom
/
Business
/
Delhi HC upholds RIL-Future deal, Amazon can move regulators; here's what experts have to say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Delhi HC upholds RIL-Future deal, Amazon can move regulators; here's what experts have to say
Dec 21, 2020 2:14 PM

The Delhi High Court has held that the Rs 24,000 crore deal between Future Retail and Reliance Retail is in accordance with the law, but refused to restrain Amazon from writing to statutory authorities to make its objections known.

Future Retail in its plea had sought that the court direct Amazon not to write to statutory authorities about the arbitral award against its asset sale.

To discuss the order CNBC-TV18's Ashmit Kumar, spoke to Ameet Naik who is representing Future Retail.

For more, watch the video.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

(Edited by : Abhishek Jha)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta, Australian banks tout progress on taking down 'celeb bait' scam ads
Meta, Australian banks tout progress on taking down 'celeb bait' scam ads
Oct 2, 2024
* Roughly 8000 celeb-bait scams taken down from Facebook, Instagram * Australia plans new anti-scam law with hefty fines for firms that don't take action * Meta is being sued by mining billionaire Forrest over scam ads By Byron Kaye SYDNEY, Oct 2 (Reuters) - Meta said it has taken down some 8,000 so-called celeb bait scam ads from Facebook...
Meta, Australian banks tout progress on taking down 'celeb bait' scam ads
Meta, Australian banks tout progress on taking down 'celeb bait' scam ads
Oct 2, 2024
SYDNEY (Reuters) - Meta said it has taken down some 8,000 so-called celeb bait scam ads from Facebook and Instagram as part of a new effort with Australian banks to curb the practice. The scams use images of famous people, often generated by artificial intelligence, to trick consumers into giving money to non-existent investment schemes. The U.S. social media giant...
Outgoing Daimler Truck CEO sees no recovery in China and Germany
Outgoing Daimler Truck CEO sees no recovery in China and Germany
Oct 2, 2024
MUNICH, Oct 2 (Reuters) - A recovery in Chinese and German truck markets will not come quickly, Martin Daum, the outgoing CEO of the world's biggest truck maker Daimler Truck , told a press event late on Tuesday. He said he did not expect a recovery in the Chinese truck market this year or next, adding that China was in...
Business First Bancshares Closes Acquisition of Oakwood Bancshares
Business First Bancshares Closes Acquisition of Oakwood Bancshares
Oct 2, 2024
04:12 AM EDT, 10/02/2024 (MT Newswires) -- Business First Bancshares ( BFST ) said late Tuesday it has closed the acquisition of Oakwood Bancshares. The combination boosts b1BANK's assets to $7.6 billion, loans to $5.9 billion and deposits to $6.3 billion, the company said. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved