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RIL deal: After Amazon moves SC, Future Group says will defend the matter

Future Retail Ltd (FRL) on Monday said Amazon has approached the Supreme Court against a Delhi High Court order that vacated the status quo on Future Group s proposed Rs 24,713 crore-deal with Reliance Industries.
In a filing to stock exchanges, FRL also said that it shall defend the matter/proceedings through its legal counsels .
Amazon and Future are locked in a bitter legal tussle after the US e-commerce giant dragged Future Group to arbitration at SIAC, arguing that the latter had violated their contract by entering into the deal with rival Reliance.
. the company s advocates are in receipt of communication dated February 13, 2021 from advocates of Amazon.com NV Investment Holdings LLC (Amazon) informing that Amazon has filed a Special Leave Petition before the Supreme Court of India against the captioned order dated February 8, 2021 passed by the Division Bench of the High Court of Delhi, FRL said in the filing. ....

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Reliance buys two-thirds of own gas from KG-D6; GAIL, Shell among buyers

Billionaire Mukesh Ambani s Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes, sources said.
Reliance and its partner UK s BP Plc on Friday auctioned 7.5 million standard cubic metres per day of incremental gas from the R-series gas field in the KG-D6 block, benchmarking it to a gas marker for the very first time in the country.
The auction was held under the liberalised price discovery rules notified by the government that allowed affiliates of the gas producer to bid and buy natural gas. ....

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Subdued Q3, few near term triggers to keep RIL stock under pressure

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Sindh House Islamabad workers to be regularised, Mukesh Kumar Chawla assures PA

Sindh House Islamabad workers to be regularised, Mukesh Kumar Chawla assures PA
Karachi
January 12, 2021
The Provincial Assembly of Sindh has been assured that the issue of payment and employment of daily wage earners associated with the Sindh House in Islamabad will be resolved soon.
Parliamentary Affairs Minister Mukesh Kumar Chawla made this assurance on Monday while responding to a calling-attention notice of Pakistan Tehreek-e-Insaf (PTI) lawmaker Jamaluddin Siddiqi. Chawla said that the ruling Pakistan Peoples Party believes in providing job opportunities to the people. Siddiqi informed the PA that daily wage earners associated with the Sindh House, run by the provincial government, have not been paid for the past several months. ....

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