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 Industries Supreme Court

Mukesh’s Jio uses Anil’s Spectrum and Solicitor General stand expose new Spectrum scam on cards

The Supreme Court on Monday asked the government to explain why Reliance Jio, which is earning revenue by sharing Reliance Communication’s (RCom) spectrum, be not asked to pay the Adjusted Gross Revenue (AGR) related dues to the government.   The government told the top court there is a difference of opinion between two ministries (Department Read More…

Asia Companies Industries Market World

Mukesh Ambani now 4th Richest man in the Globe

Mukesh Ambani surpassed Europe welatiest man LVMH Chairman Bernard Arnault to become the fourth-richest man in the world.   Earlier in the year, Ambani had gone past Berkshire Hathaway Chairman Warren Buffett, Tesla CEO Elon Musk, and Google co-founders Larry Page and Sergey Brin to break into the top five of the world billionaire club. Read More…

Indian Subcontinent Industries Jobs Market Protest

Vested Interest delay 4G roll out , BSNL announced dharna on Jun 26

Urging the Modi government to implement the revival package, hasten the rolling out of the 4G services and deposit the monthly salary on time, the Union said it was organising a countrywide dharna on June 26. The BSNL Employees Union has announced that it will organise a countrywide dharna on June 26 demanding payment of 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…

Companies Legal

Reliance back tracks and withdrew defamation cases against Congress Leaders and NH media

Reliance Group on Tuesday said that it has decided to withdraw the Rs 5,000 crore defamation suits against several Congress leaders and National Herald newspaper for “defamatory” remarks on the controversial Rafale fighter jet deal.   A statement issued by the company’s spokesperson said, “We believe that the defamatory statements by certain individuals and corporate Read More…