Indian court rejects retail giant Future Group’s plea against Amazon
An Indian court rejected Future Group’s plea that sought to prevent its partner Amazon from interfering in and blocking the Indian retail giant’s $3.4 billion asset sale deal to Mukesh Ambani’s Reliance Industries, delivering a glimmer of hope to the American e-commerce firm that has invested more than $6.5 billion in the world’s second-largest internet market.
Future Group was seeking an ad-interim injunction to restrain its partner Amazon from writing to regulators and other authorities to raise concerns over and halt the deal between the two Indian giants. The Delhi High Court ruled on Monday that Amazon cannot be barred from writing to regulators and authorities on account of “potentially irreparable damage.” The regulators will decide whether the deal should be approved in accordance with the law, the court said.
The Sikh factor and siege of Delhi
Modi has bulldozed major liberal and pro-minority movements in the recent past
As the farmers’ siege of Delhi has brought the Indian capital to a standstill, there is debate in international media about Modi’s fascist policies and how Indian Sikhs are being marginalised through RSS’s lawful war. The Sikh diaspora across Europe and North America came out in droves to condemn Hindutva’s fascist agenda.
Calls of “Bharat Bandh” are resonating across India as farmers from Indian Punjab, Haryana, Himachal, UP, Madhya Pradesh and even South India are rising in protest against crony capitalism and the chokehold of the Adanis and Ambanis on the peasantry that feeds 1.3 billion people.
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