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In August 2021, the Supreme Court of India upheld Amazon's plea to restrain the merger. In December 2021, the CCI withdrew its approval for Amazon's acquisition of a minority stake in Future Coupons, stating that Amazon had misled the regulator about the purpose of its investment in the Future Group company. Operations and subsidiaries
Amazon is quietly piloting a new tier for its Prime membership in India, providing customers with access to popular benefits such as free two-day delivery and ad-supported Prime Video in standard ...
The U.S. e-commerce giant is acquiring a 49% stake in Future Coupons, a group entity owned by India’s second largest retail chain, Future Retail, the latter said in a regulatory filing Thursday...
Having already invested over $6 billion in India, a key growth market, Amazon acquired a 49% stake in Future Coupons, a subsidiary of Future Retail, India's second largest retail chain after Reliance Industries. The deal would give Amazon a 3.58% stake in Future Retail through warrants owned by Future Coupons.
Amazon has argued that its contract with Future Coupons, one of Future Group’s holding companies, prohibited the Indian group from selling its assets to a competing firm like Reliance Retail.
Amazon is offering auto insurance in India through Amazon Pay and Acko General Insurance. ... This Anker Nano 10K power bank is on sale for $32 via Amazon. That’s a discount of 20 percent on one ...