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| Name | Future Retail provide official clarify on deal. Latest News on Future Group Reliance and Amazon |
| Video Uploader | Video From Share Latest News Trader |
| Upload Date | This Video Uploaded At 26-10-2020 05:10:53 |
| Video Discription | Telegram Link - https://t.me/ShivKumar_VermaTraders @ShareLatestNewsTrader #VermaTraders 0:02 Hello and Welcome to all. In this video we will learn about Future Retail provide official clarify on deal. Latest News on Future Group Reliance and Amazon Blog: https://shivkumarvermatraders.wordpress.com/ #Price https://shivkumarvermatrad.wixsite.com/mysite/blog #today #Future #Group #Retail #Reliance #Deal #Updates 2. FGroup - https://youtu.be/XzgSC_rcycY 3. Bandhan Bank - https://youtu.be/amPlgHmk4hk 4. Rites- https://youtu.be/ztb181TMCeA 5. Future Supply Chain - https://youtu.be/W8htonhLCzM 6. Future Retail - https://youtu.be/M-Vqn-LAL2A 7. AXIS Bank - https://youtu.be/NRa1ILmej1o 8. IndiaBulls - https://youtu.be/a8a89EPZiXU 9. Intraday Trading Tips - https://youtu.be/rHC9Gafuc1g 10. Gov notification - https://www.india.gov.in/ 11. TAX - https://www.incometaxindiaefiling.gov.in/home 12. Finance Minister - https://finmin.nic.in/ 13. SEBI - https://www.sebi.gov.in/ 14. Bharat Biotech - https://youtu.be/9eb5qe4wcoM Now has learnt that Amazon has won the first round of the legal battle to stop Future Retail’s Rs25,000 odd cr sale to Mukesh Ambani’s Reliance Retail. Amazon has got a favourable interim ruling from the sole arbitrator in Singapore. Confirming this, an Amazon spokesperson said: “We welcome the award of the Emergency Arbitrator. We are grateful for the order which grants all the reliefs that were sought. We remain committed to an expeditious conclusion of the arbitration process.” Amazon was represented by the following counsel: • Gopal Subramanium, QC, Senior Counsel; Gourab Banerji, QC, Senior Counsel; Amit Sibal, Senior Counsel; Alvin Yeo, Senior Counsel. • AZB& Partners; P&A Law Offices; WongPartnership LLP. ET Now was the first to report that Amazon has sent a legal notice to Future Coupons alleging violation of contractual obligations by announcing a deal with Reliance Retail. Sources had said as per a non-compete pact between Future Coupons and Amazon, the former could not sell to RIL as its name was specifically mentioned in a “restricted list” Future Group’s Kishore Biyani had recently said there was no choice but to sell to Reliance because of debt piling up. The Future Group has sent over Rs 12,000 Crrores. Around a year ago, Amazon had bought a 49% stake in Future Coupons, the promote entity of Future Grou Amazon gets interim relief; arbitration panel says Future cannot sell business to RIL for ₹24,713 cr 'We welcome the award of the Emergency Arbitrator. We are grateful for the order which grants all the reliefs that were sought,' says Amazon Future Retail Latest News | #Future_Retail_Latest_News This is the crux of the stand taken by Amazon at the hearing held by former Attorney-General of Singapore VK Rajah, the sole arbitrator looking into the dispute between the American retail giant and the Future Group over the latter’s ₹25,000-crore deal with RIL. At a hearing that lasted five hours, Amazon hinged its argument on alleged contract breach. In 2019, due to the FDI restrictions in the e-commerce sector, Amazon could not have invested in Future Retail; hence, it invested ₹1,430 crore in FCPL. “If the deal between RIL and Future Retail is to happen, then Amazon’s investment goes waste as it will not get any returns,” said a source. On the other hand, Future Retail informed the arbitrator the deal between Future Retail and RIL did not breach any contract because Amazon’s agreement is with FCPL, which is a separate entity. Of the five board seats of Future Retail, the promoters have only two. Hence, it was a not a decision by the promoters alone, it said. A ‘suitable’ partner But a source close to Amazon said: “In May, before the deal with RIL was announced, Amazon was informally helping Future Retail find a suitable partner. It had even recommended Premji Invest to Biyani’s company. However, the Future Group decided to go ahead with the RIL deal, which is a breach of contract and anti-shareholder on multiple grounds.” Singapore-based lawyer Davinder Singh appeared on behalf of Future Cuopons, the holding company of Kishore Biyani. Gopal Subramanium, former Solicitor-General of India, appeared for Amazon. Psponse. #Future_Group_Arbitration_Result_Update Please refer external links 1. https://zerodha.com/ 2. https://www1.nseindia.com/ 3. https://www.bseindia.com/ 4. https://www.moneycontrol.com/ 5. https://www.economictimes.com/ #MultibaggerStocksIndia, #PennyStocksIndia, #DayTradingIndia, #StockmarketBeginnersIndia, Please subscribe to our channel. https://www.youtube.com/c/ShareLatestNewsTrader Why Share Price is going up? Why Share Price is going Down? What is the latest quarter results? Why Stock price is falling? Why Stock price is rising? Yours At YouTube Channel #share #Latest #News #Trader ShivKumar VermaTraders |
| Category | News & Politics |
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