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CCI approves Future Group-Reliance Retail deal, setback for Amazon

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CCI approves Future Group-Reliance Retail deal, setback for Amazon

Amazon, which owns a stake in a Future Group holding company, has objected to the deal and had requested the CCI to consider the interim order of the Singapore International Arbitration Centre (SIAC) setting the transaction on hold.

Mukesh Ambani-owned Reliance Industries Ltd (RIL) had announced in August that RRVL turned into acquiring the retail businesses of Kishore Biyani’s Future Group.Amazon, Future Group and Reliance Industries did now no longer respond to queries.

“Based at the retail evaluation framework, the commission’s locating is that the deal does now no longer have an considerable negative impact on competition,” stated someone aware about the matter. The evaluation took  months because the CCI had requested the events for clarifications all through the process, the individual stated.The deal requires approvals from CCI, the Securities and Exchange Board of India (Sebi) and the National Company Law Tribunal (NCLT) similarly to no objection certificate from lenders and minority shareholders. Reliance had sought the CCI’s nod for the deal on September 23.

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Future Retail Ltd (FRL) has asked the Delhi High Court to forestall Amazon from transferring regulators in opposition to the deal. It has argued that the SIAC order turned into now no longer binding and enforceable in India.“This will now no longer have a cloth bearing at the case in Delhi HC due to the fact something goes on in courtroom docket is break free the CCI’s evaluation,” stated Kanika Chaudhary Nayar, companion at Luthra and Luthra.

“It is divorced from the litigation because the regulator’s position is most effective to choose whether or not the deal has any detrimental effect on opposition withinside the market. If the courtroom docket places an injunction at the deal and says it can’t cross forward, then the CCI’s approval could be voided for the reason that deal is off. If the court does now no longer stops the deal, it might now no longer be due to the fact the CCI has accepted it,” Nayar stated.

In October, Amazon sent a legal note to the Future Group and approached the SIAC alleging breach of contract. Amazon had sold a 49% stake in promoter protecting corporation Future Coupons for Rs 1,500 crore remaining 12 months to circuitously personal a 5% stake in Future Retail Ltd (FRL), which homes meals and grocery shop manufacturers including Big Bazaar, HyperCity, Easyday and Nilgiri’s.

Amazon says Future can’t promote any stocks of FRL to Reliance or every other competitor other than americaA corporation because it has the proper of first refusal.

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SIAC stated in its meantime ruling that the sale to Reliance ought to be placed on preserve till it problems a very last order. It additionally limited the Future Group from shifting or pledging any stocks of Future Retail with out Amazon’s permission.

Amazon advised the SIAC it were aware about Future Retail’s discussions with Reliance however it had no information at the contours, nature and specifics of the capability deal. It additionally stated the disputed transaction turned into with Reliance, a competitor that Amazon had expressly singled out as a confined entity and the events had unequivocally agreed to this condition.

Amazon has requested Sebi to research FRL for insider buying and selling and breach of confidentiality.

Reliance Retail stated it intends to put into effect its rights and entire the transaction with out delay. Reliance Retail Ventures will gather the retail property of Future Group in a deal to be able to see 5 indexed entities, which includes Future Retail, folded into Future Enterprises Ltd (FEL), which presently homes the group’s retail back-quit infrastructure.

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The retail enterprise will then be transferred to Reliance in a hunch sale for almost Rs Rs 24,713 crore, obviating the want for a stake sale.

Also Read: BIGG BOSS 14: KAMYA PUNJABI COMPARES KAVITA KAUSHIK TO SIDHARTH SHUKLA, CALLS PAVITRA’S OUTBURST ‘JOKE OF THE SEASON’

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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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