• About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST
TFI Official Merchandise
हिन्दी
Sunday, May 22, 2022
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Rahul Gandhi did what an opportunist politician would do, but India cannot let Cambridge go unpunished

    Rahul Gandhi did what an opportunist politician would do, but India cannot let Cambridge go unpunished

    Turks want “Pervert Pakistanis” to leave their country immediately

    Turks want “Pervert Pakistanis” to leave their country immediately

    In a country with IITian CMs, a saffron-clad Yogi is leading the digital revolution of India’s legislature

    In a country with IITian CMs, a saffron-clad Yogi is leading the digital revolution of India’s legislature

    Akhilesh loses his Hindu votes forever with one extremely anti-Hindu statement

    Akhilesh loses his Hindu votes forever with one extremely anti-Hindu statement

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    green energy

    With gasification of coal, India takes a step ahead towards clean energy

    Adani

    Gautam Adani comes across as a compulsive, obsessive shopaholic

    Vistara and Air India

    Time for a bold prediction – TATA will merge Vistara and Air India

    They kept abusing Adani until one day Adani bought them, A Quint Saga

    They kept abusing Adani until one day Adani bought them, A Quint Saga

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Global Air Powers Rankings

    India beats China in Global Air Power Ranking 2022

    Sham no Varunah: India begins its total dominance in the seas

    Sham no Varunah: India begins its total dominance in the seas

    A comprehensive list of weapons India manufactured and procured in the last 24 months

    A comprehensive list of weapons India manufactured and procured in the last 24 months

    Ajit Doval warning

    Ajit Doval makes it clear that Balakot and surgical strikes are only the beginning

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    FY Exports

    From curing the world to feeding it: PM Modi’s India is leading the world by example

    There could be many poles in the new world order but India is definitely the centre of it

    There could be many poles in the new world order but India is definitely the centre of it

    Necklace of Diamonds

    How India’s ‘Necklace of Diamonds’ outsmarted China’s ‘String of Pearls’ in the Indian Ocean

    OIC Pakistan

    Indian Foreign Ministry rips into Pak and its Arabian masters for bad-mouthing delimitation in J&K

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    seven-day week

    24 hours, 1440 minutes, 86400 seconds: How Aryabhatta derived it and the West appropriated it

    Qutub Minar observatory

    Was Qutub Minar Raja Vikramaditya’s celestial observatory?

    The most important reason why CM Yogi won’t rename Lucknow

    The most important reason why CM Yogi won’t rename Lucknow

    Intermittent Fasting

    The West is repackaging and selling Vrata/Upwaas as “Intermittent Fasting”

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Monkeypox: The new potential pandemic that humanity faces

    Monkeypox: The new potential pandemic that humanity faces

    Anand movie poster

    Some masterpieces must not be touched, and Anand is one of them

    ‘Dhaakad’ Kangana is now a fan of ‘Dabangg’ Salman

    ‘Dhaakad’ Kangana is now a fan of ‘Dabangg’ Salman

    actor nawaz

    Happy Birthday to Nawazuddin Siddique: The most overrated actor of recent times

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Rahul Gandhi did what an opportunist politician would do, but India cannot let Cambridge go unpunished

    Rahul Gandhi did what an opportunist politician would do, but India cannot let Cambridge go unpunished

    Turks want “Pervert Pakistanis” to leave their country immediately

    Turks want “Pervert Pakistanis” to leave their country immediately

    In a country with IITian CMs, a saffron-clad Yogi is leading the digital revolution of India’s legislature

    In a country with IITian CMs, a saffron-clad Yogi is leading the digital revolution of India’s legislature

    Akhilesh loses his Hindu votes forever with one extremely anti-Hindu statement

    Akhilesh loses his Hindu votes forever with one extremely anti-Hindu statement

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    green energy

    With gasification of coal, India takes a step ahead towards clean energy

    Adani

    Gautam Adani comes across as a compulsive, obsessive shopaholic

    Vistara and Air India

    Time for a bold prediction – TATA will merge Vistara and Air India

    They kept abusing Adani until one day Adani bought them, A Quint Saga

    They kept abusing Adani until one day Adani bought them, A Quint Saga

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Global Air Powers Rankings

    India beats China in Global Air Power Ranking 2022

    Sham no Varunah: India begins its total dominance in the seas

    Sham no Varunah: India begins its total dominance in the seas

    A comprehensive list of weapons India manufactured and procured in the last 24 months

    A comprehensive list of weapons India manufactured and procured in the last 24 months

    Ajit Doval warning

    Ajit Doval makes it clear that Balakot and surgical strikes are only the beginning

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    FY Exports

    From curing the world to feeding it: PM Modi’s India is leading the world by example

    There could be many poles in the new world order but India is definitely the centre of it

    There could be many poles in the new world order but India is definitely the centre of it

    Necklace of Diamonds

    How India’s ‘Necklace of Diamonds’ outsmarted China’s ‘String of Pearls’ in the Indian Ocean

    OIC Pakistan

    Indian Foreign Ministry rips into Pak and its Arabian masters for bad-mouthing delimitation in J&K

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    seven-day week

    24 hours, 1440 minutes, 86400 seconds: How Aryabhatta derived it and the West appropriated it

    Qutub Minar observatory

    Was Qutub Minar Raja Vikramaditya’s celestial observatory?

    The most important reason why CM Yogi won’t rename Lucknow

    The most important reason why CM Yogi won’t rename Lucknow

    Intermittent Fasting

    The West is repackaging and selling Vrata/Upwaas as “Intermittent Fasting”

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Monkeypox: The new potential pandemic that humanity faces

    Monkeypox: The new potential pandemic that humanity faces

    Anand movie poster

    Some masterpieces must not be touched, and Anand is one of them

    ‘Dhaakad’ Kangana is now a fan of ‘Dabangg’ Salman

    ‘Dhaakad’ Kangana is now a fan of ‘Dabangg’ Salman

    actor nawaz

    Happy Birthday to Nawazuddin Siddique: The most overrated actor of recent times

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
TFIPOST
No Result
View All Result

Mukesh Ambani ropes in Harish Salve against Jeff Bezos and he is set to give Amazon a big jolt

TFIPOST News Desk
by TFIPOST News Desk
25 November 2020
in Trending
0
Mukesh ambani amazon harish salve
56.7k
VIEWS
Share on FacebookShare on Twitter

The Amazon vs Reliance fight over the purchase of Kishore Biyani led Future Retail limited by Mukesh Ambani is turning to be very interesting as it goes into the big debate of ‘global vs local’ and ‘foreign vs Indian’. The involvement of two top corporate lawyers of the country- Harish Salve on Future Retail’s side and Gopal Subramanium on Amazon’s side- has made the case even more high profile.

So far, Harish Salve has given Amazon a run for their money with his finely crafted arguments. “Please don’t allow this American giant to kill Future Group only to further its illegitimate interest to make sure that Reliance does not get its hands in. That’s its game plan—if I can’t get it, let Reliance not get it too,” Salve said while arguing for Future Retail in a court hearing held via video conference.

Salve painted Amazon as “Big Brother in America” and said that it is out to crush small local companies. Moreover, the highly influential retail bodies have also extended their support for Reliance because Amazon has harmed their business big time in the last few years.

Comparing Amazon with colonial-era East India Company, Praveen Khandelwal, Secretary-General of the Confederation of All India Traders (CAIT), said, “The recent statement made by Indian origin Future Retail group to go for liquidation as a consequence of an acquisition battle of Amazon reminds us the colonial era when East India Company initiated the process of killing Indian business ecosystem in the same manner by acquiring the Indian States one by one and controlled & monopolised Indian business.”

Mukesh Ambani has lined up a set of top Indian lawyers including Harish Salve, Abhishek Manu Singhvi, Mukul Rohtagi and Darius Khambata while Amazon has roped in Gopal Subramanium, Amit Sibal, and Rajiv Nayar.

Read More: After Reliance vs Amazon, it is now Reliance vs Google and the result will be great for India

The Reliance vs Amazon fight in the Delhi High Court is going to be a landmark case like the Vodafone case, in which Harish Salve represented the company in the Supreme Court of India and won. The apex court overturned the judgement of Bombay High Court and this made Harish Salve an overnight celebrity lawyer.

Only a few months ago, Reliance Industries and Future Group’s retail announced a deal of 24,000-27,000 crore rupees. Future Group is led by Kishore Biyani, who is the owner of popular retail chain Big Bazaar and Mukesh Ambani was eyeing the group since he planned to enter in e-commerce and retail business. However, the deal could not be cracked due to pricing issues.

Now, the Future group has decided to merge five listed entities of the group- Future Retail Ltd, Future Consumer, Future Lifestyle Fashions, Future Supply Chain and Future Market Networks- into one entity- which will be known as ‘Future Enterprise Limited’, and this entity would be sold to RIL for around 27,000 crore rupees.

Amazon is frightened with the deal because it could destroy its booming presence in the Indian retail market; therefore, the group filed a case in Delhi High court alleging that Future Group has signed a non-competitive clause which means it could not sell the company to any competitor of Amazon.

Now Harish Salve is representing Reliance and so far he looks on the winning side. “Amazon is playing a game—it hasn’t come to an Indian court for enforcement because it knows the case will go belly up. They’re trying to interfere [with the statutory approvals for the deal with Reliance],” said Salve.

“If Amazon’s assertion that Future Retail-Future Coupons agreement has to be dovetailed into its agreement with Future Coupons is upheld, it’ll be a violation of FDI policy for multi-brand retail,” he added.

Read More: No, Reliance did not offer 40% stake to Amazon and the Bloomberg story could be a message from Bezos to Ambani

There is not an iota of doubt among analysts that Ambani-led Reliance will give a tough competition to the existing e-commerce players as the history of its operations in other sectors suggests. The upcoming years will give us a good show on the competition in the Indian e-commerce market, especially between the richest man in Asia and the richest man in the world- Jeff Bezos.

Similar to his father, Mukesh Ambani is known to work for monopoly in the markets. In the early days of the business, his father monopolized the thread-making business, and Mukesh Ambani has himself done the same in the refining and petrochemical business. Now, his company is trying to monopolize the telecommunication market and retailing business also.

Tags: AmazonMukesh Ambani
Share160TweetSend
Previous Post

‘He practiced Atheism as a pretence,’ Delhi Police nails Islamist Umar Khalid in its supplementary chargesheet

Next Post

By building dam in Afghanistan, India is getting ready to choke Pakistan’s water supply

TFIPOST News Desk

TFIPOST News Desk

India’s most loved Right-Wing blog

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Monkeypox: The new potential pandemic that humanity faces

Monkeypox: The new potential pandemic that humanity faces

21 May 2022
Rahul Gandhi did what an opportunist politician would do, but India cannot let Cambridge go unpunished

Rahul Gandhi did what an opportunist politician would do, but India cannot let Cambridge go unpunished

21 May 2022
Turks want “Pervert Pakistanis” to leave their country immediately

Turks want “Pervert Pakistanis” to leave their country immediately

21 May 2022
In a country with IITian CMs, a saffron-clad Yogi is leading the digital revolution of India’s legislature

In a country with IITian CMs, a saffron-clad Yogi is leading the digital revolution of India’s legislature

21 May 2022

Popular This Week

5 Actors who would have looked better as Prithviraj Chauhan than Akshay Kumar
Cinema

5 Actors who would have looked better as Prithviraj Chauhan than Akshay Kumar

by Tanya Trivedi
17 May 2022
reliance brands
Trending

Mukesh Ambani is out to challenge Pepsi and Coca-Cola

by Rahul Gupta
17 May 2022
They kept abusing Adani until one day Adani bought them, A Quint Saga
Business

They kept abusing Adani until one day Adani bought them, A Quint Saga

by Abhishek Kumar Singh
16 May 2022
Vistara and Air India
Business

Time for a bold prediction – TATA will merge Vistara and Air India

by Abhishek Kumar Singh
17 May 2022
Kerala crisis
Trending

Kerala government goes bankrupt

by TFIPOST News Desk
14 May 2022

©2022 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
हिन्दी
  • About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST

©2022 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost