Future-Reliance deal: Kishore Biyani says Amazon creating confusion, playing dog in the manger
FILE PHOTO: Kishore Biyani, CEO and founder of India s Future Group poses after the inauguration of Foodhall, a premium lifestyle food superstore by the Future Group, store in Mumbai, India, December 1, 2018. REUTERS/Francis Mascarenhas/File Photo
(REUTERS)
. Updated: 30 Jan 2021, 04:04 PM IST PTI
In a letter addressed to the Future Group employees, Kishore Biyani alleged that Amazon is running a concerted and coordinated media campaign and leaking misleading information
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NEW DELHI :
Future Group promoter Kishore Biyani has alleged that Amazon is playing the dog in the manger and trying to create a confusion about the group s ₹24,713-crore deal with Reliance Industries.
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New Delhi, January 30
Future Group promoter Kishore Biyani has alleged that Amazon is “playing the dog in the manger” and trying to create confusion about the group’s Rs 24,713-crore deal with Reliance Industries.
Seeking to assuage concerns of employees amid the ongoing tussle with e-commerce giant Amazon, Biyani said the organisation is on firm legal footing and that has been vindicated by the regulatory approvals received for the deal from the Competition Commission of India (CCI), market regulator SEBI and the bourses.
The development comes days after Amazon petitioned the Delhi High Court to block the Future Group from selling retail assets to Reliance Industries and sought detention of Biyani and family members.
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India s Enforcement Directorate begins probe against Amazon for alleged violation of FEMA rules in the Future Retail deal
India s Enforcement Directorate begins probe against Amazon for alleged violation of FEMA rules in the Future Retail deal
PTIJan 29, 2021, 08:22 IST
BCCL
ED) has initiated a probe against e-commerce giant
Amazon for alleged violation of the foreign exchange law and rules of the country, official sources said on Thursday.
The probe is being conducted under various sections of the Foreign Exchange Management Act (FEMA) after the central probe agency recently received a communication from the Commerce Ministry seeking necessary action against e-commerce players like Amazon and Flipkart pertaining to certain multi-brand retail businesses and an observation made by the Delhi High Court in relation to Amazon.
ED Initiates Probe Against Amazon Under Foreign Exchange Management Act
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The Enforcement Directorate (ED) has initiated a probe against e-commerce giant Amazon for alleged violation of the foreign exchange law and rules of the country, official sources said on Thursday. The probe is being conducted under various sections of the Foreign Exchange Management Act (FEMA) after the central probe agency recently received a communication from the Commerce Ministry seeking necessary action against e-commerce players like Amazon and Flipkart pertaining to certain multi-brand retail businesses and an observation made by the Delhi High Court in relation to Amazon.
ED initiates FEMA probe against Amazon
The probe is being conducted under various sections of the Foreign Exchange Management Act (FEMA) after the central probe agency recently received a communication from the Commerce Ministry seeking necessary action against e-commerce players like Amazon and Flipkart pertaining to certain multi-brand retail businesses and an observation made by the Delhi High Court in relation to Amazon.
Amazon
AFP
The Enforcement Directorate (ED) has initiated a probe against e-commerce giant Amazon for alleged violation of the foreign exchange law and rules of the country, official sources said on Thursday.
The probe is being conducted under various sections of the Foreign Exchange Management Act (FEMA) after the central probe agency recently received a communication from the Commerce Ministry seeking necessary action against e-commerce players like Amazon and Flipkart pertaining to certain multi-brand retail businesses and an observation made by the D