In October last year, Aditya Birla Fashion's board had approved plans to raise Rs 1,500 crore by issuing a 7.8 per cent stake on a preferential basis to Walmart-owned Flipkart Group

Amazon has been opposing Future group's pact with billionaire Mukesh Ambani's RIL that was signed in August last year

In its letter dated January 5, Amazon urged the market regulator to direct the Indian stock exchanges not to issue any no-objection or approval letter to Future Retail Ltd

The three-member arbitration panel will be led by Singaporean barrister Michael Hwang, while Albert van den Berg and Jan Paulsson will be the two other members

Sources said that with the appointment of Hwang as the presiding arbitrator, the tribunal is expected to meet soon and begin the arbitration proceedings between Amazon and Future

Biyani said the US giant's 2019 investment in Future Coupons Pvt Ltd (FCPL) -- Future Retail's parent -- was for coupon and gifting business only and the same could continue post-retail assets going to Reliance

Future Group founder & CEO Kishore Biyani said he discussed his dire financial situation with Amazon eight times but it did not help. The online retailer is trying to halt the acquisition with RIL as it wants 'the Group to languish,' Biyani said

Except for banking and financials, all the other sector-based indices closed higher today, with over 3% gains in PSU banking index, followed by 0.80% rise in IT and realty, and 0.60% rise in pharma and media index

In a regulatory filing, Reliance Infrastructure Ltd said it has completed the sale of its 100 per cent stake in DA Toll Road to Cube Highways and Infrastructure III Pte Ltd for an enterprise value over Rs 3,600 crore

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Delhi HC recently said Kishore-Biyani-led Future Group's deal to merge listed companies with RIL is \"valid\". The court, however, rejected Future Retail's plea for an interim injunction restricting Amazon from approaching statutory authorities, SEBI, CII, and other regulators, about arbitral order

Erosion in Ambani's wealth came on the back of correction in Reliance Industries shares, which have fallen as much as 16 per cent from their all-time high of Rs 2,369.35

Under Rajesh Gopinathan, TCS has integrated a wide cross-section of automation products to create the machine first delivery model

Mukesh Ambani built three sector-dominating businesses under RIL and cleaned off the conglomerate's debts by raising Rs 2.89 lakh crore

Delhi High Court passed the order on FRL's petition that argued that Amazon writing to the authorities regarding the emergency arbitrator's award tantamounts to meddling with the Rs 24,713 crore RIL-Future deal

India Stock Market Highlights Today: Global equities were bearish today as coronavirus infections increased in parts of North Asia, such as Japan and South Korea, and weighed on investor sentiment. European countries have banned flights from the UK as the British government began emergency lockdown on Sunday, over fear of new virus strain.

India Stock Market Highlights Today: In today's session, Sensex hit an all-time high of 46,992 and Nifty logged a lifetime high of 13,773

Zuckerberg and Ambani discuss everything from 4G and 5G revolution to RIL-Facebook partnership and roles businesses can play to make India one of the top economies

India Stock Market Highlights Today: ONGC followed by Tata Steel, L&T, Sun Pharma, M&M, ICICI Bank and NTPC were among the top gainers in the Sensex pack

How Mukesh Ambani, Amazon's Jeff Bezos and Walmart's Doug McMillon are fighting to get a bigger slice of India's $850 billion retail market