In the past couple of years, Amazon has made three investments in Indian retail companies through indirect routes

Despite being the acquired entity, Star India, by virtue of being a Rs 10,000 crore media mammoth, seemed to have a clear upper hand as opposed to Disney India, which is barely a Rs 100 crore business

Zee Entertainment CEO, Punit Goenka has ruled out the possibility of an Indian company picking up a stake; he is in talks with several international companies and the names doing the rounds are Comcast and Tencent.

The competition watchdog last month questioned Samara Capital and Amazon owned Witzig Advisory Services, which acquired More in September, to justify how the deal structure complies with the revised FDI norms.

While the Future Group spokesperson didn't respond to a mail sent by Business Today regarding the fall out with Amazon, industry murmurs about the Amazon-Future Group deal not going anywhere are becoming stronger.

Amazon India along with Samara Capital bought out Aditya Birla's grocery retail chain for Rs 4,200 crore.

Both sides are drafting a call and put option in their share purchase agreement that will allow Amazon to call for Biyani's stake in FRL over the long term.

The deal is estimated to be about Rs 2,500 crore and will be seen through by Amazon's investment arm.

While American biggies Amazon and Walmart fight for their pound of flesh in India, Indian retailers have quietly stolen the show.

The potential deal will be next in a series of acquisitions by Amazon.com Inc in one of the fastest-growing markets in the face of competition from Walmart Inc's Flipkart.

Paytm Mall and BigBasket are discussing the deal, which is in the fast track. But talks are stuck as BigBasket wants the company to be valued 'premium', and also seeks a seat on the Paytm Mall board.

The irony is that the home-grown retailers are starved for cash and need capital and at the same time global giants are finding ways of investing in multi-brand physical retail companies.

Income tax officials inspect books of Jet Airways in Mumbai, Delhi officesThe Income Tax Department on Wednesday swooped down on the premises of Jet Airways in Mumbai and Delhi to carry out an inspection of the books of the crisis-ridden airline for alleged falsification of accounts and siphoning of funds. As many as 50 tax officials are reported to have been pressed into action for the survey operation under Section 133A of the Income Tax Act at the Naresh Goyal-led airline's And...

Once the process is complete Samara Capital and Amazon plan to rapidly expand the chain which was put on hold due to its burgeoning debt.

The world's largest online retailer is reportedly interested in Kumar Mangalam Birla's food and grocery supermarket chain More.

Free-standing restaurants are on a roll. But tough regulations couldspoil the party.