Business
Ambani vs Bezos: Reliance’s retail ambitions hit Amazon roadblock – Nikkei Asian Review
Two of world’s richest men in legal battle for supremacy in Indian market
MUMBAI — Reliance Industries’ aggressive expansion, fueled by investments from big global names, has hit a speed bump with Jeff Bezos’s Amazon.com winning an interim injunction on an important retail acquisition.
Singapore’s international arbitration court on Sunday put on hold a multibillion-dollar deal for Future Group’s retail assets by Reliance, the conglomerate led by Indian billionaire Mukesh Ambani.
The first legal fight over the Indian retailer between two of the world’s richest men, Bezos…
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