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How Ambani outfoxed Amazon in a $3.4 billion deal dispute

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How Ambani outfoxed Amazon in a .4 billion deal dispute

Even as Amazon furiously tried to block formal acquisitions through lawsuits and arbitration across India and Singapore, Ambani’s Reliance Industries Ltd. quietly began poaching employees and taking over rental leases of hundreds of stores once run by Future Retail Ltd. and Future Lifestyle Fashions Ltd. in late February. Ambani’s bloodless takeover compelled Amazon to seek a resolution to the heated dispute, scared Future’s investors and bankers, and raised concerns about asset stripping.

“We were not expecting Reliance Group to take such harsh measures without even consulting us,” “In a March 2 letter to Reliance’s retail operations, Future Retail’s Chief Financial Officer Chandra Prakash Toshniwal wrote: “Please confirm that there will be no reduction in the amount due.””

Future Lifestyle also issued a letter on March 5 that voiced “concerns and shock” and asked Reliance not to take any steps that “may be considered seriously by the Lenders, who have charge on all current and fixed assets” of the company (Bloomberg has copies of both letters). Future’s credit lines may be cut off, destroying what’s left of an already cash-strapped retailer, according to the letter.

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After Amazon protested to Reliance’s August 2020 bid to buy Future Retail’s stores and warehouses for 247.1 billion rupees ($3.4 billion), Kishore Biyani’s Future Group became embroiled in a battle between two giant firms. As it bled out Future Retail, the American e-commerce behemoth claimed the deal broke its 2019 agreement with another Future Group subsidiary.

Before the outbreak, Future Group was India’s largest retail food chain, making it a tempting target for two of the world’s wealthiest men, Mukesh Ambani and Jeff Bezos of Amazon, as they vie for control of the only billion-plus consumer market where foreign corporations can compete.

Reliance, Amazon, and the Future Group representatives did not immediately respond to an emailed request for comment on the letters.

 

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Investors and lenders in the Future Group, including Blackstone Inc. and L Catterton, are now waiting to see if Reliance, Future, and Amazon can reach an out-of-court solution by March 15, when they must report progress to India’s Supreme Court.

Complete News Source : MINT

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SSC Exam Calendar 2025

SSC Exam Calendar 2025 revised, check CGL, CHSL, SI in Delhi Police, MTS, JE and other exam dates here

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SSC Exam Calendar 2025 revised, check CGL, CHSL, SI in Delhi Police, MTS, JE and other exam dates here
  • The updated Exam Calendar 2025 has been made public by SSC. Here, candidates can view the dates for the Delhi Police, MTS, JE, CGL, CHSL, and SI exams. The updated timetable for the SSC exams in the 2025–2026 session has been made public by the Staff Selection Commission, or SSC. The updated schedule is available on the official website at ssc.gov.in for candidates who wish to take any.
  • The updated calendar states that on June 5, 2025, the announcement for the Stenographer Grade “C” & “D” Examination, 2025, will be made, and registration will open that same day. The exam will take place from August 6 to August 11, 2025, and the application deadline is June 26, 2025. Similarly, registrations commission’s examinations.
  • The Staff Selection Commission (SSC) has released the revised examination calendar for the 2025–26 session, detailing updated notification, registration, and examination dates for major recruitment exams such as CGL, CHSL, SI in Delhi Police, MTS, JE, and others. Candidates can access the complete schedule on the official SSC website at.

  • Key Exam Dates and Details
    1. Combined Graduate Level (CGL) Examination 2025
    Notification Release: June 9, 2025
    Application Period: June 9 to July 4, 2025
    Exam Dates: August 13 to August 30, 2025

  • Mode: Computer-Based Examination (CBE)
    2. Combined Higher Secondary Level (CHSL) Examination 2025
    Notification Release: June 23, 2025
    Application Period: June 23 to July 18, 2025
    Exam Dates: September 8 to September 18, 2025

  • Mode: CBE
    3. Sub-Inspector in Delhi Police and Central Armed Police Forces (CAPFs) Examination 2025
    Notification Release: June 16, 2025
    Application Period: June 16 to July 7, 2025
    Exam Dates: September 1 to September 6, 2025

  • Mode: CBES
    4. Multi-Tasking (Non-Technical) Staff and Havaldar (CBIC & CBN) Examination 2025
    Notification Release: June 26, 2025
    Application Period: June 26 to July 24, 2025
    Exam Dates: September 20 to October 24, 2025

  • Mode: CBE
    5. Junior Engineer (Civil, Mechanical, Electrical) Examination 2025
    Notification Release: June 30, 2025
    Application Period: June 30 to July 21, 2025
    Exam Dates: October 27 to October 31, 2025

  • Mode: CBE
    6. Stenographer Grade ‘C’ & ‘D’ Examination 2025
    Notification Release: June 5, 2025
    Application Period: June 5 to June 26, 2025
    Exam Dates: August 6 to August 11, 2025

  • Mode: CBE
    7. Selection Post Examination, Phase-XIII, 2025
    Notification Release: June 2, 2025
    Application Period: June 2 to June 23, 2025
    Exam Dates: July 24 to August 4, 2025

  • Mode: CBE
    8. Combined Hindi Translators Examination 2025
    Notification Release: June 5, 2025
    Application Period: June 5 to June 26, 2025
    Exam Date: August 12, 2025

  • Mode: CBE
    9. Delhi Police Examinations (Constable, Head Constable, AWO/TPO) 2025
    Notification & Registration: July to September 2025
    Exam Dates: November to December 2025
    Mode: CBE

  • How to Download the Revised SSC Exam Calendar 2025–26 Visit the official SSC website Navigate to the “For Candidates” section and click on “Examination Calendar.” Click on the link titled “Revised Tentative Calendar of Examinations for the Year 2025–26.” The PDF will open; download and save it for future reference Additional Information.
  • The SSC examinations are conducted in Computer-Based Examination (CBE) mode across various centers nationwide. The revised calendar aims to provide candidates ample time to prepare and plan for the upcoming examinations. For detailed information on each examination, including syllabus, eligibility criteria, and application procedures, candidates are advised to refer to the official.
  • Notifications released on the SSC website For more details and updates, visit the , registration, and examination dates for major recruitment exams such as CGL, CHSL, SI the complete schedule on the official SSC.
  • Group Media Publication
  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

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