India’s Reliance to push on with retail deal in battle with Amazon

Author: 
AFP
article author: 
ID: 
1603704768388883400
Mon, 2020-10-26 09:30

MUMBAI: Indian conglomerate Reliance has dismissed Amazon’s push to delay its acquisition of domestic retail giant Future Group, despite an arbitration panel suspending the deal following objections by the US online titan.
The row is the latest development in a prolonged battle for dominance in India between Reliance, owned by Asia’s richest man Mukesh Ambani, and Amazon, whose founder Jeff Bezos is the world’s wealthiest person.

Main category: 

Leave a Reply

Your email address will not be published.

Generated by Feedzy