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How the Ambani vs Amazon spat is testing India's attraction for foreign investors


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New Delhi: The tussle between two of the world’s richest men Jeff Bezos and Mukesh Ambani to dominate India’s estimated $1 trillion retail market is testing foreign investor patience with flip-flopping court rulings.
This week saw new developments in Amazon.com Inc.’s legal battle to block Ambani’s Reliance Industries Ltd. from acquiring Future Retail Ltd.’s assets, in what would be the country’s largest retail-sector deal. Last week, a single judge at a high court in New Delhi restrained Future Group firms from selling their assets. On Monday, a set of judges at the court overruled that decision. Amazon can appeal the latest ruling in the country’s Supreme Court. ....

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