Business & FinanceTechnology

Reuters exclusively reports Amazon tells India regulator its partner is misleading public

Reuters reported exclusively that Amazon.com Inc has complained to India’s market regulator that its local partner Future Retail Ltd misled shareholders by incorrectly saying it was complying with its contractual obligations to the U.S. e-commerce giant. Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led Reliance Industries Ltd for $3.4 billion. The deal, Amazon alleges, breaches 2019 agreements by Future.

Article Tags
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: Equities
Regions: AsiaEmerging Markets
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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