Grab Holdings Ltd, the largest ride-hailing and food delivery firm in Southeast Asia, is buying Malaysian grocery chain Jaya Grocer Holdings Sdn, according to a filing with the U.S. Securities and Exchange Commission...
Amazon says India revoking Future deal would boost Reliance, hurt competition
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...
Flipkart, Walmart invest $145 million in Agritech platform Ninjacart
US-based retailer Walmart Inc and Flipkart Group on Monday announced to invest $145 million in agritech startup Ninjacart. This is the third time Flipkart has invested in fresh produce supply chain company Ninjacart...
Nike buys virtual sneaker maker RTFKT in metaverse push
Nike Inc said on Monday it had bought virtual sneaker company RTFKT for an undisclosed sum, as the sportswear giant looks to quickly expand its footprint in the fast-growing “metaverse”. Last month, Nike...
With Future merger delayed, RBL Bank looks to sell ₹105-crore FCRPL debt
RBL Bank is seeking buyers for its Rs 105-crore loan exposure to Future Corporate Resources Pvt Ltd (FCRPL), which holds a majority stake in Future Coupon, a 51:49 joint venture with Amazon, said people with knowledge...
French retailer Casino sells 3% stake in Mercialys
French retailer Casino said on Thursday it had completed the sale of a 3% equity stake in commercial property company Mercialys, cashing in 24 million euros ($27.10 million). The sale, made through a total return swap...
Future case: Amazon India head seeks more time from ED
Amazon India head Amit Agarwal did not appear before the Enforcement Directorate (ED) on Tuesday, seeking exemption from appearance as he is in the United States (US) at present. He is learnt to have sought more time...
Ananth Narayanan-led Mensa Brands acquires home decor label Folkulture
Mensa Brands, a technology-led ‘House of Brands’ built for the e-commerce industry has acquired Folkulture, a home décor label born in India that caters majorly to the US and UK markets. Since its inception in 2015...
South Africa’s TFG buys online shopping and delivery provider Quench
South Africa’s TFG is buying on-demand online shopping platform and last-mile delivery provider Quench, as part of a push to grow its e-commerce business, the fashion and homeware retailer said on Thursday. After...
Amazon gets two weeks to reply to Future plea in CCI
The Supreme Court on Monday gave two weeks to Amazon to file its response to a petition filed by a promoter firm of Future Retail in the Competition Commission of India (CCI), providing the US ecommerce major with a...
Halt RIL-Future deal, market regulator urged
Amazon.com Inc. and a lobby of at least 15,000 small businesses have written to the markets regulator, demanding revocation of the conditional approval it has granted to the ₹24,713 crore deal for the Future Group to...
Amazon asks Competition Commission to revoke Reliance-Future deal approval
Amazon has asked India’s antitrust regulator to revoke its approval for Future Retail’s $3.4 billion sale of retail assets to Reliance, saying it was “illegally obtained”, violating an order...
