Companies High Court Industries

Delhi High Court verdict gives mixed signals to Amazon and Future Retail ..

The Delhi High Court on Monday refused to restrain Jeff Bezos-led Amazon from interfering in Kishore Biyani-headed Future Retail’s $3.4 billion deal with Mukesh Ambani-owned Reliance Retail by writing to statutory authorities. The order was pronounced by a Single Judge Bench of Justice Mukta Gupta in the suit by Future Retail Ltd after an Emergency Read More…

Indian Subcontinent Technology

Blackberry and Amazon web service signs for vehicle data platform

BlackBerry shares soar in wake of Amazon deal to develop vehicle data platform   BlackBerry’s headquarters in Waterloo, Ontario . is shown on Wednesday June 22 , 2016. Shares in BlackBerry Ltd. soared in the wake of deal with Amazon Web Services to develop and market BlackBerry’s intelligent vehicle data platform, IVY.   Both companies Read More…

Companies Industries Technology World

Amazon web services outage affected multinational brads websites and apps

Amazon Web Services (AWS) which is the Cloud arm of the commerce giant suffered a huge outage in the US region late on Wednesday affecting several websites and apps and the recovery took a couple of hours.   Several apps and services posted on Twitter that they were experiencing problems with the AWS services.   Read More…

Cinema Companies Entertainment Indian Subcontinent Industries Market

Censorship Government regulations applicable for Online digital Contents

Bjp led centre government on Wednesday issued an order bringing online films, audio-visual programmes and online news and current affairs content under the Ministry of Information and Broadcasting.   In a notice, Cabinet Secretariat stated, “In exercise of powers conferred by clause (3) of Article 77 of the Constitution, the President hereby makes the following Read More…

Asia Companies Industries Legal Market

Singapore Arbitration order resulted blow for Reliance and victory for amazon

Future Group selling retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore based single judge arbitration panel put the deal on hold.   Amazon, which had agreed to purchase 49 per cent of one of Future’s unlisted firms last year with the right to buy into flagship Future Retail Ltd after Read More…

Companies East India Life Style Market

Amazon, Bigbasket bags West Bengal’s BevCo Online liquor delivery Orders

E-commerce giants Amazon and Alibaba-backed BigBasket have got the approval to deliver liquor in West Bengal Online grocery platform BigBasket said this will be the company’s first foray into the country’s liquor delivery segment. The clearance also signals Amazon’s entry into the space, likely for the first time in India.   State-owned West Bengal State Read More…

Business Companies Industries Market

Facebook Reliance alliance gives alarm bell for amazon Flipkart

US tech giant Facebook announced that it would invest Rs 43,547 crore ($5.7 billion) in RIL’s wholly-owned subsidiary Jio Platforms to expand its presence in India.   Facebook’s investment translates into 9.9 per cent stake in Jio. This would be Facebook’s biggest minority shareholding ever. This is also the largest foreign direct investment for minority Read More…

Business Companies Market Technology Voice World

Anti-competitive business practices probe over Facebook on Cards

Nearly 40 state attorneys general are set to join probe against Facebook’s anti-competitive business practices.   They met officials from the Justice Department and Federal Trade Commission (FTC) in Washington, DC, on Monday, reports Market Watch.   “We held bipartisan conversations with attorneys general from around the country and key officials at both the US Read More…