Mukesh Ambani’s takeover of Future could be a B-School case study

Future Retail had been subleasing store space from the tycoon’s Reliance Industries Ltd. Indeed, it was kept operating only on Ambani’s forbearance because Future couldn’t come up with the rent. But with Amazon.com continuing to block Reliance’s $3.4 billion purchase of Future’s assets, Ambani decided to make the acquisition a fait accompli: He terminated the leases and is taking … Read more

Amazon reports strong 4Q results despite supply-chain snags

Amazon reported Thursday that its profits nearly doubled in the final three months of last year, even as it contended with surging costs tied to a snarled supply chain and labor shortages. The Seattle-based online behemoth also said it is raising its annual prime membership fee in the US to $139 per year from $119. … Read more

Delhi HC puts on hold arbitration proceedings between Amazon and Future

Delhi High Court on Wednesday halted Future Group’s ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency’s suspension of a 2019 deal between the two sides. The US company successfully used the terms of its 2019 investment in a Future unit to block the Indian retailer’s attempt to sell retail … Read more

Amazon to acquire Prione Business Services

Prione Business Services, the joint venture between Catamaran and Amazon, would be acquired by Amazon subject to requisite regulatory approvals, said Catamaran and Amazon in a joint media statement on Wednesday. On August 9, 2021, the partners had announced their decision to not continue the joint venture beyond the end of its current term of … Read more

MakeMyTrip and Amazon Pay form strategic tie-up to offer travel services

Amazon Pay, the digital payments arm of the e-commerce giant and MakeMyTrip India, a fully owned subsidiary of MakeMyTrip Limited (MMYT), India’s leading travel group, have announced a strategic long-term partnership to offer travel services on Amazon.in which includes its suite of mobile apps and websites. The partnership will help Amazon Pay create a convenient … Read more

Amazon moves Supreme Court against Future Group shareholders’ meet

American retail giant Amazon has moved the Supreme Court, appealing against a National Company Law Tribunal (NCLT) order that had allowed the Future Group’s listed companies to hold shareholders’ and creditors’ meetings to clear its proposed transaction with Reliance Retail Ventures. In its application, Amazon has urged the Supreme Court to pass an order to … Read more

Amazon To Open Brick And Mortar Shops

Online retail giant Amazon.com Inc. (AMZN) is planning to get back into brick and mortar shops as the company is looking to open large departmental store-like facilities, reported WSJ on Thursday. The stores are expected to follow the concept of the in-business departmental store brands like Macy’s Bloomingdale’s Inc. and Nordstrom Inc., but will be … Read more

Now chat with Big B’s voice on Amazon Alexa for Rs 149 in India

Amazon on Thursday said it has made India’s first celebrity voice feature on Alexa available with the legendary Amitabh Bachchan, and the users in India can add his amazing voice to their Alexa experience on Echo devices for an introductory price of Rs 149 for one year.   The customers need to press the mic … Read more