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Future-Reliance deal: SC to hear Amazon plea against HC verdict on July 20

Future-Reliance deal: SC to hear Amazon plea against HC verdict on July 20
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Will Adani beat Ambani to become richest Indian? Umm did you count Jio?

Will Adani beat Ambani to become richest Indian? Umm.did you count Jio? Ambani might be smarting on account of a held-up deal with Saudi Aramco and a legal tussle over acquisition of Future Retail, but he still holds two assets that can put him on top in this wealth race Vivek Punj | May 25, 2021 | Updated 18:51 IST Adani has raised his wealth rapidly, but Ambani still has an ace up his sleeve Mukesh Dhirubhai Ambani and Gautam Shantilal Adani - two ubiquitous names in India Inc, and currently the first and second richest Indians. Mukesh Ambani, who is at the helm of India s most valuable company Reliance Industries, has held the position of the richest Indian for a long time. But, Gautam Adani has closed the gap rapidly with rising valuations of his companies listed on stock exchanges.

SC stays proceedings before Delhi HC in Amazon Future case

SC stays proceedings before Delhi HC in Amazon Future case Updated: Updated: Share Article AAA The Supreme Court on Monday stayed the ongoing proceedings before the Delhi High Court in the case related to the amalgamation of Future Retail Ltd (FRL) with Reliance Retail. A Bench of Justices R.F. Nariman, B.R. Gavai and Hrishikesh Roy posted the matter for hearing on May 4 and directed that all pleadings be completed in the matter. Amazon had moved the apex court on April 8 challenging the Delhi High Court s division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its ₹24,713 crore asset sale to Reliance Industries.

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