The Supreme Court is scheduled to pronounce on Friday the verdict on e-commerce giant Amazon's pleas against the merger of Future Retail Ltd (FRL) with Reliance Retail and is likely to decide whether Singapore's Emergency Arbitrator (EA) award, restraining the Rs 24,731 crore deal, was valid under Indian law and can be enforced. As per apex court website, the verdict would be pronounced at 10.30 AM by a bench of Justices R F Nariman and B R Gavai which had reserved it on July 29 after hearing battery of lawyers including senior advocates Harish Salve and Gopal Subramanium, appearing for FRL and Amazon respectively. The verdict is keenly awaited as it is likely to deal with the legality and enforceability of an award by an Emergency Arbitrator (EA) of the foreign country here in view of the fact that the term EA is not used in the Indian Arbitration and Conciliation Act.
Traders' body CAIT on Thursday urged the government to impose a ban on Amazon's e-commerce portal and its operations in India, accusing the global e-tailing giant of indulging in predatory pricing, deep discounting and inventory control. Addressing a press conference, CAIT secretary-general Praveen Khandelwal demanded an "immediate ban on Amazon's portal and its operations in India" and an investigation against the company in a time-bound manner. He also urged the government to probe the business practices of Amazon and Flipkart. However, responding to the allegations, both Amazon and Flipkart said they remain compliant with Indian laws.
A Kareena Kapoor Khan fan, her unique sense of dressing owes a little to the Bollywood actor.
Amazon
'We believe in ourselves, we believe we're a top team.'
With a flair for combining comfort and style, Alanna effortlessly serves up looks that are imitation worthy.
In a statement, the streamer said it "deeply regrets" the fact that viewers considered certain scenes to be objectionable and added that those have already been removed.
The government has imposed a penalty on e-commerce major Amazon for not displaying mandatory information, including the country of origin, of products sold on its platform, according to an official order. Last month, the consumer affairs ministry had issued notices to e-commerce majors Flipkart and Amazon for not displaying such information. The ministry has imposed a fine of Rs 25,000 on Bengaluru-based Amazon Seller Services as well as each of its directors as per the provisions of the Legal Metrology Act, 2009 and the Legal Metrology (Package Commodities) Rules, 2011.
Calling Maharashtra Governor B S Koshyari an 'Amazon parcel' sent by the Centre, former Maharashtra chief minister Uddhav Thackeray, who heads a faction of the Shiv Sena, on Thursday demanded his recall over his recent remarks on Chhatrapati Shivaji Maharaj.
Cricket, time travel, artificial intelligence, haunted homes, World War II -- it's all there on OTT this week.
Donald Trump's exaggerated opinion of his dealmaking capacity can get him into trouble, observes R Sriram.
Waack Girls, that captures the moods of Kolkata, follows an oft-used template. So there's not much novelty to look for in the plot, but the actors are excellent, applauds Deepa Gahlot.
Amazon CEO Jeff Bezos is in India this week and is expected to meet top government functionaries, business leaders and SMBs.
'The flutters of excitement of a high-school romance, and then how life changes.'
Images from Thursday's action in the Premier League.
Billionaire Jeff Bezos, who founded Amazon as an online bookseller nearly three decades ago, will step down as the CEO of the $1.7 trillion global retail giant in the third quarter of 2021 with Andy Jassy being named his successor.
In comparison, Flipkart India, the marketplace unit of the country's largest e-commerce marketplace, posted a 750% growth in losses to Rs 20.6 billion.
Amazon Fashion flaunts its triple digit month-on-month growth, races ahead of competitors Flipkart, Jabong and Myntra.
'To access our satellite, you don't need any IQ test, you don't need to write an examination.' 'You can be a Class 1 student, an engineering student, a 60-year-old person, anybody can access our satellite.'
Tech giant Microsoft regained the top spot in the list of best employers to work for in India in 2024, followed by Tata Consultancy Services (TCS) and Amazon, according to a Randstad Employer Brand Research report released on Wednesday. Microsoft had topped the list in 2022, but slipped to fifth in 2023. The 2024 list is based on responses from 3,507 people.
It's FaFa time and more on OTT this week! Sukanya Verma lists her recommendations.
'Fauji jo hain, woh desh sambhalta hain, border sambhalta hain, hum shehar sambhalte hain (Soldiers protect the country, the border, we protect the city).'
With the hugely popular Panchayat's third season ready to drop this week, we look at all the rural themed shows available on OTT.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
'If you are watching cricket and don't want to leave the screen, you could check the menu and order through Zomato (or any other app) from a small part of your screen. That is what we are working towards.'
Probe has allegedly found calculation errors by Amazon. The company paid higher GST but instead of claiming refund took wrong input tax credit.
Non-fiction continues to grow with the most-watched unscripted show, Bigg Boss OTT S3 getting more than half the viewership that Panchayat (S3) got.
Amazon Prime Video becomes the first Indian streaming service to secure exclusive live cricket rights from a major cricketing board.
Much to the disappointment of booklovers, Westland, one of the largest publishing houses in India, is being shut down by e-commerce giant Amazon, they announced on Tuesday.
Robot girlfriends, wish granting stars, creepy aliens, private detectives, brace yourself for unlimited excitement on OTT this week.
Mystery, horror, biopics, documentaries, fantasy, romance, comedy, coming-of-age, pick the genre you like from the wide variety on OTT this week.
Billionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore. The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson, according to a joint statement.
Sports films have their own unique charm, but those centered on the Olympics and Olympians stand apart, depicting unparalleled tales of grit, guts, gumption, and glory.
The Central Consumer Protection Authority (CCPA) has issued notices to five e-commerce entities, including Amazon, Flipkart and PaytmMall, as well as various sellers for offering pressure cookers that are non-compliant with BIS norms. The notices were issued on November 18 to Flipkart, Amazon, Snapdeal, Shopclues and PaytmMall, and the sellers. As part of celebrations of 75 years of Independence - 'Azadi ka Amrit Mahotsav', CCPA has initiated a country-wide campaign to prevent sale of spurious and counterfeit goods that violate Quality Control Orders published by the Centre, the government said in a statement on Monday.
Priyanka Chopra Jonas, Samantha and Matilda De Angelis got together to attend the London premiere and celebrate the upcoming releases of Citadel: Diana and Citadel: Honey Bunny.
Titan will become the latest Indian brand to ride on the back of the global e-retail major
'India has the largest slate of local original content outside the US.'
A day after lambasting e-commerce players for predatory pricing, Union Commerce Minister Piyush Goyal on Thursday said he is not against online platforms but India wants such entities to be "fair and honest" in their conduct. Speaking with reporters in the financial capital, the outspoken Union minister said the rule of the law should be followed in letter and spirit, and made it clear that consumer preferences should not be influenced by algorithms.
The products in question are being removed from our store, Amazon said.
While the investment amount could not be immediately ascertained, a report pegged it at about $2 billion.
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