According to Future Retail, the Emergency Arbitrator order was passed in arbitration proceedings initiated by Amazon by invoking an arbitration clause in a contract to which it is not a party

BT Buzz: Amazon has the option of legal recourse to implement the order by Singapore International Arbitration Centre in India, but it is filled with hurdles

He also highlighted that the micro, small and medium enterprises (MSME) sector in India is a major job creator and contributor to the country's gross domestic product (GDP)

In the first week of the festive sale which saw an estimated $4.1 billion in sale, Flipkart group clocked nearly 68 per cent market share

While Flipkart and Myntra are already far ahead of the rest in e-commerce fashion, Walmart recently bought 7.8 per cent stake in Aditya Birla Fashion Retail and mkinority stake in Arvind Brands

It will be interesting to note that Ambani's trump card in this retail war will be his partnerships with the US technology companies. Facebook and Google hold stakes in Ambani's digital venture Jio Platforms Ltd (JPL)

With this acquisition, Walmart-owned Flipkart Group will strengthen the wide array of brands offered on its e-commerce platforms Myntra and Flipkart, deepening its association with Aditya Birla Fashion and Retail (ABFRL)

Arbitration hearing pertains to a legal notice issued by Amazon for alleged breach of agreement signed with Future group. It had raised objections over Rs 24,713 crore deal saying Future Group didn't seek prior permission before signing deal with RIL

The company bet it could do a better job of bridging online and offline data for its advertisers and give itself a shot at developing an ad platform that could take on Amazon.com Inc

Tata Group is aiming to up the ante in India's digital space and take on rivals such as Reliance Jio, Amazon and Flipkart by rolling out SuperApp; onboarding of Tata Teleservices for providing technical solutions to SuperApp is also expected to revive the telco arm's business

Fashion e-tailer Myntra, which is a part of Flipkart Group, said 50 per cent of shoppers on its platform on the first day (October 16) of its sale were from tier-2 and 3 cities

Amazon's 'Great Indian Festival' started on October 17 and will go on for about a month to coincide with the festive season. Amazon Prime members were provided early access to the sale from October 16

Flipkart has given its customers the option to pre-book the products at only Rs 1, while the balance amount can be paid on October 16, the Walmart-owned e-commerce giant's official sale date

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Flipkart is ramping up its fintech constructs so that consumers across the country can avail the benefits of easy accessibility to credit and affordability options

Amazon Great Indian Festival 2020 sale will kick off at midnight on October 16 for Prime subscribers. Flipkart's Big Billion Days 2020 sale will begin at 12 noon on October 15 for Plus members

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The deal with Amazon was also conditional based on the government's FDI policy permitting foreign multi-brand retailing firm

Amazon, Reliance and Walmart Inc's Flipkart are in a battle to gain market share in India, where millions of middle class customers are newly adopting online purchases of food and groceries due to the COVID-19 pandemic

According to a report by Bernstein, key segments like e-commerce, financial technology and education technology have grabbed investors' interest due to structural shift in consumer behaviour in wake of coronavirus pandemic