Amazon takes battle with Future Group to India's top court, fearing "irreparable harm"


FILE PHOTO: The logo of Amazon is pictured inside the company's office in Bengaluru, India, April 20, 2018. REUTERS/Abhishek N. Chinnappa/File Photo

NEW DELHI (Reuters) - Amazon.com Inc took its legal challenge against partner Future Group's $3.4 billion retail assets sale to India's Supreme Court on Thursday, as the U.S. firm tries to stop a major rival buying the assets.

Amazon alleges that Future Group violated contracts by agreeing to sell the retail assets to market leader Reliance Industries last year. Future denies any wrongdoing.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Young Europeans are spending money in the metaverse
This exoskeleton can boost your physical capabilities
This AI-focused chip is powered by light
Study warns users about health information on TikTok
Apple renews talks with OpenAI for iPhone generative AI features, Bloomberg News reports
Google plans $3 billion data center investment in Indiana, Virginia
X tells Brazil court 'operational faults' allowed blocked users to remain active
TikTok general counsel to step down, will focus on fighting US law
Google asks court to throw out US advertising case
Apollo, KKR and Stonepeak to invest in JV to fund Intel's Ireland facility, Bloomberg reports

Others Also Read