Last November, a lawyer for Future Retail Limited (FRL) told Delhi high court that Amazon is interfering with its lawful business and thousands may lose their jobs and FRL may go bankrupt. Senior advocate Harish Salve, who appeared for FRL, likened Amazon to East India Company. Senior advocate Gopal Subramanium, who represented Amazon, told the Future counsel to keep the "East India Company" rhetoric aside, as Amazon has invested $6.5 billion all over India and created 900,000 jobs. This drama played out in the case in which Amazon has challenged Future's $3.4-billion deal with Reliance, alleging the retailer's deal breached an agreement with the American e-commerce firm.
The case may drag for a few years, experts say, as CAIT and DVM have said they will appeal against the interim relief granted to Amazon.
The vessel will be used to carry out technical trials of underwater weapons and systems.
Card-based EMI transactions dropped about 60 per cent in the first week after demonetisation and then recovered steadily. However, these are not yet back to the levels before November 8.
The company has pointed at the possibility of fines and financial penalties.
Ratan Tata has acquired a stake in Chinese handset maker Xiaomi, the first investment by any Indian in the smartphone maker.
Far from public glare, company is investing in tech firms and providing consultancy.
From yacht cruise to jet skiing, get a taste of adventure this summer.
The family office category was up 38 per cent, led by names such as Ratan Tata, Ronnie Screwvala and various Infosys co-founders.
On December 26, 2004, a devastating tsunami took a huge toll on life in Tamil Nadu. A decade later, here's a look at the changes it has brought
A group of athletes in Rio has found the secret to enhanced performance and it has nothing to do with doping.
A platform that helps retailers reduce failed transactions while keeping the cost down, Innoviti is all set for India's digital payments revolution.
While a three-year tax holiday and relaxation of capital gains for funds have been received favourably, others argue that not enough has been announced.
Start-ups that did not have a business model and, hence, could not grow or attract new funding, are shutting shop.
Some unlikely celebrities are behind multiple campaigns to fight the fake news menace.
'At the Asian Games I had a dream, to stand on the podium and have the tri-colour hoisted.' 'I missed one thing in Jakarta -- the national anthem being played.' 'I hope to make it happen at the Olympics by winning gold.'
Giants like Pepsi and Coke are fast losing shelf-space to healthier, functional options.
His presence matters more than the money he brings.
Check out the gold medallists on Day 11 of the 2016 Olympic Games in Rio de Janeiro on Tuesday.
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He started a fund with Rs 800 crore and made several investments.
The Centre has accorded top priority for cost-effective, pollution-free transportation modes, such as waterways, which reduce logistic costs and increase road safety. Union minister of roads, highways, ports and shipping Nitin Gadkari speaks to Sanjay Jog about the government's strategy.
No one imagined that this could happen to Chennai. We were just a happy little town content with our Kollywood and Coffee, but humanity has won over once again, says Pavithra Selvam.
Flipkart and Snapdeal take a cue from Amazon even as they differ on who is ahead in the race
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