Amazon seeks to block sale of Future’s small-format stores

Amazon has written to Big Bazaar parent Future Retail (FRL) in an effort to block the probable sale of the latter’s small-format chain of stores that operate under the Easyday and Heritage Fresh brands. The US e-tailer has offered financial help to the cash-strapped retailer. The development comes against the backdrop of an ongoing legal battle between the two retail heavyweights on the one hand and FRL’s lenders looking to sell the stores to recover Rs 3,500 crore in dues on the other.

from Times of India https://ift.tt/3rDknWI
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Furore in IIT-Bombay over talks on Hamas, Hinduism

A lecture by writer Devdutt Pattanaik at the Indian Institute of Technology-Bombay campus sparked controversy, with students divided on whether it should be held. Another organization, Vivek Vichar Manch, wrote to the Mumbai police commissioner asking for action against those "vitiating the campus' environment." Students from IIT-Bombay filed a police complaint against a professor and a guest lecturer who allegedly expressed support for Hamas and terrorists during a lecture. The lecture took place as part of a coursework on November 6. from Times of India https://ift.tt/sHaSWwb via IFTTT
Read more

HC: Treat arrest, even without exchange of fire, as encounter

The Punjab and Haryana High Court has ruled that apprehending armed militants qualifies as an "encounter" for reservation benefits for police personnel's children. Justice Jagmohan Bansal's order favored Sonam Kamboj, whose application was initially rejected because her father's service record did not meet the encounter participation criteria. from Times of India https://ift.tt/Sz7c41u via IFTTT
Read more