Mukesh Ambani's deal with Future Group postponed

-

New Delhi, Sunday 25 October 2020

Amazon has been granted interim relief on Sunday against its partner Future Group. A Singapore-based arbitration court has ordered Future Group to sell its retail business to Future Group for Rs 24,713 crore in an interim order. .

Reliance Industries, the sole arbitrator in the case against Amazon, has ruled in favor of Amazon. He has asked Future Group to suspend the deal immediately.

An Amazon spokesman also confirmed the arbitration court's ruling, saying the arbitration court had granted the relief sought by the company, adding that it hoped the arbitration process would be completed soon. We are grateful for this judgment, it is a relief to us, and we are committed to the immediate redressal of the arbitration process.

Comments

Post a Comment

Popular posts from this blog

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

Proposal to limit the financing provided by NBFC for IPO payment

-
Image
Mumbai, Ta. Saturday, January 23, 2021 In a discussion paper on the new regulatory framework for non-banking finance companies (NBFCs), the Reserve Bank of India (RBI) has proposed to tighten the standards for lending by NBFCs and real estate lending to fill IPOs. The IPO financing conducted by NBFCs was thoroughly investigated. Banks have a financing limit of Rs one lakh for IPOs but no such limit in the case of NBFCs. For some NBFCs, IPO financing is a big business. Considering the different business models of NBFCs, it is proposed to have a limit of Rs 1 crore per person for any NBFC. The NBFC may set the following limits, the discussion paper said. There is also a proposal not to allow NBFCs to provide loans to companies for buybacks of shares and securities. In addition, the company's directors have set strict standards for providing loans to their relatives. Before deciding on a real estate loan proposal, the NBFC will have to make sure that the parent company has obtai...
Read more

Talks of joining the world's three largest economies also disappear organized employment

-
Image
- Increasing pressure to accept self-employment with low income The unemployment rate has been decreasing in the country for the last five years. The unemployment rate which was 6 percent in the financial year 2017-18 has come down to 3.20 percent in the last financial year. According to the Periodic Labor Force Survey issued by the National Statistical Office, the unemployment rate has declined in recent years in both urban and rural areas of the country. According to the latest data from the Center for Monitoring Indian Economy (CMIE), the unemployment rate fell to 7.10 percent in September from 8.10 percent in August. A low rate of unemployment is welcome in any country, but it is also essential that qualified or qualified job seekers find employment according to their qualifications. The economic development of the country has been responsible for the change in the employment picture in the country in the last five years. As the progress of the country's economy reaches rural...
Read more