Amazon on Thursday said it has received a show-cause notice from the Competition Commission of India (CCI) based on a complaint filed by Future Group, with which the e-commerce major is locked in a legal battle. The American company and Future Group - one of the biggest retail companies in the country - have been engaged in a bitter tussle after the latter entered into a Rs 24,713 crore deal with Reliance Industries for its retail, logistics and warehousing assets. "We are in receipt of a show-cause notice from the CCI based on the complaint filed by Future as a part of an ongoing dispute.
The Delhi high court on Friday declined Future Group's plea for stay on an arbitration tribunal order refusing to interfere with the Emergency Award (EA) which restrained it from going ahead with the Rs 24,731 crore merger deal with Reliance Retail. Justice Suresh Kumar Kait sought response from US-based e-commerce giant Amazon which had challenged the merger before the Singapore arbitration tribunal under SIAC, and listed the appeals by Future Coupons Pvt Ltd (FCPL) and Future Retail Ltd (FRL) for further hearing on January 4. Senior counsel Harish Salve, appearing for FRL, urged the court to pass an interim order clarifying that an earlier order passed by the Supreme Court - which stayed all proceedings in relation to the enforcement of the EA - would remain in force despite the subsequent order passed by the duly constituted arbitration tribunal.
Ajinkya Rahane brought calmness in the dressing room in the absence of regular captain Virat Kohli, spinner Ravichandran Ashwin said on Tuesday after India recorded an epic series-levelling win in the second Test, in Melbourne, on Tuesday.
Australia's Nick Kyrgios said on Thursday he is unlikely to play at the French Open due to concerns about COVID-19. Kyrgios, who on Sunday announced his withdrawal from the US Open, told Australian television he plans to wait until it is safer to return to the tour.
A 26-year-old Sikh-American officer in the US Marines who has been allowed to wear the turban - the first person in the 246-year history of the elite force allowed to do so, but with a few limitations, plans to sue the Corps if he is not granted full religious accommodation, according to a media report.
Nethra Kumanan became the first Indian woman sailor to qualify for the Olympics after making sure of a top-place finish in the laser radial event of the Asian Qualifiers, in Oman, on Wednesday.
A quick look at the winners of the 94th Annual Academy Awards.
A day after joining the OECD-G20 framework for global minimum tax, the finance ministry on Friday said some significant issues including share of profit allocation and scope of subject to tax rules are yet to be addressed and a 'consensus agreement' is expected by October after working out the technical details of the proposal. Total 130 countries on Thursday agreed to a overhaul of global tax norms to ensure that multinationals pay taxes wherever they operate and at a minimum 15 per cent rate. India is in favour of a consensus solution which is simple to implement and simple to comply.
Supermodel Naomi Campbell's disco dress is no competition for soccer star Alex Morgan's daring red suit.
Tennis Australia Chief Executive Craig Tiley confirmed in an email to players that authorities had agreed to allow players to train during two weeks of strict quarantine.
Could BB-8 be any cuter?!
Paire, ranked 29 in the world, said the sport had become a 'tasteless job'.
Auckland in New Zealand has been named the world's most liveable city.
The International Space Station has completed 15 years of continuous human presence.
The sanctioned individuals and their immediate family members are prohibited from entering the mainland, Hong Kong and Macao of China. They and companies and institutions associated with them are also restricted from doing business with China, according to the statement by the Chinese foreign ministry.
E-commerce giant Amazon on Thursday announced a $250 million (about Rs 1,873 crore) fund that will focus on digitising small and medium businesses, and driving innovation in the areas of agri-tech and health-tech in India. "Small and medium sized businesses are often the engine and the lifeblood of economies and I think it's true in India as well. "And we are very passionate about trying to enable acceleration of SMBs in fuelling innovation and the economy in India," Amazon Web Services CEO Andrew Jassy said.
Demi Lovato and Meghan Markle top the list.
Play at the Australian Open continued amid the lockdown, but fans were banned through Wednesday. Thousands were forced to leave mid-matches before midnight on Friday.
Former Australia bowling ace Glenn McGrath says it will be tougher to bowl to Steve Smith once he gets a start.
According to Kelly Services' annual Indian Salary Guide 2013-14, mid to senior level recruits in key sectors will get good salaries and double-digit hike even amidst challenging economic conditions.
Jamaica's Elaine Thompson-Herah made Olympic history in Tokyo Tuesday, blazing to victory in the 200 metres to complete an unprecedented women's sprinting "double-double".
Unlike the United States and European countries, which are battling to contain the virus, Australia has not had a case of community transmission for 11 straight days and residents have regained most of their pre-COVID freedoms.
Fast-rising Australian batsman Will Pucovski feels he has "earned the right" to be in the red-ball squad for the series against India and is better prepared to make his Test debut compared to a couple of seasons ago.
The Jharkhand high court on Friday deferred till November 27 Rashtriya Janata Dal chief Lalu Prasad's bail plea hearing in a fodder scam case related to Dumka treasury, after the Central Bureau of Investigation sought more time to file a written reply in the matter.
Manchester City moved 17 points clear of the pack with a 3-0 win at Fulham on Saturday
Kragh Andersen claimed his second audacious solo stage win of the Tour de France on Friday with a perfectly timed attack late in the 19th stage
The study brings together the findings from almost 170,000 respondents from 30 countries and examines the issue of leadership in the contemporary workplace from the employee perspective.
Images from the action on Day 2 at the Australian Open.
Biden took to Twitter to post a photograph showing their hands clasped together. 'Happy Birthday, Kamala Harris. Next year, let's celebrate with some ice cream at the White House,' tweeted Biden, who had in August picked her as his running mate.
A look at the star arrivals!
World number one Ash Barty delighted the Memorial Drive crowd by breezing through to the Adelaide International semi-finals with a comfortable 6-3, 6-4 victory over Sofia Kenin on Friday.
Which gorgeous lady won you over with her stunning look?
The world celebrates Christmas with great vigour and joy!
Grazia's cover girl for October Sonam Kapoor Ahuja poses in a Gucci jumpsuit as she cuts an elegant pic in the black-and-white.
Italy sealed a place in the semi-finals of the ATP Cup by winning both singles matches against France
All nine people who were wounded in a shootout outside Empire State Building in New York were injured by shots fired by the New York police officers as they were confronting a gunman after he had killed his former co-worker.
Kelly said both he and his boss, the Assistant Secretary for Political Military Affairs, Andrew Shapiro, have travelled to India recently to talk to Indian counterparts about our shared strategy and efforts to combat piracy.
Harbhajan feels Siraj can pip Ishant for a place in the final XI.
New York Police Commissioner Raymond Kelly is under fire from civil rights group, who are demanding his resignation over his appearance in an inflammatory anti-Muslim film shown to his department's officers during training.
The Supreme Court of India on Friday ruled in favour of e-commerce giant Amazon by holding that Singapore's Emergency Arbitrator (EA) award, restraining the Rs 24,731 crore merger deal of Future Retail Ltd (FRL) with Reliance Retail, was valid and enforceable under Indian laws.
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