Reuters first to report Amazon says India revoking Future deal would boost Reliance, hurt competition - Reuters News Agency
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Reuters first to report Amazon says India revoking Future deal would boost Reliance, hurt competition

Reuters was first to report that Amazon has warned India’s antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to “further restrict competition.” The Competition Commission of India is reviewing its prior approval of the $200 million investment the U.S. company made in a Future unit in 2019, amid allegations that Amazon concealed facts when it sought approval for the transaction. While Future is staring at liquidation, the legitimacy of the small $200 million deal could have far-reaching consequences for India’s retail sector. 

Article Tags
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: Technology
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: The logo of Amazon in Lauwin-Planque, northern France, February 20, 2017. REUTERS/Pascal Rossignol/File Photo
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