Amazon seeks to pause antitrust review of 2019 deal with Future Group

Asia's Tech News Daily

Amazon
Amazon.com Inc has asked India’s Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India’s Future Group, legal papers seen by Reuters showed.
The Competition Commission of India (CCI) in June accused Amazon of concealing facts and making false submissions when it sought approval for the $200 million investment into a Future unit in 2019, a deal that is now at the heart of protracted legal disputes between the two sides.
Amazon told Reuters at the time that it was confident of addressing the watchdog’s concerns.
The Supreme Court approach by Amazon comes as the CCI on Wednesday held a closed-door hearing where the U.S. firm’s lawyers declined to argue and explain their position on the matter, saying they had asked the top court to pause the process.
The watchdog noted in an internal document – seen by Reuters – that it had decided to give no extensions to the company to explain its position and will now issue an order in due course.
Amazon and the CCI did not immediately respond to a request for comment.
The CCI decision is critical to Amazon’s legal challenges. If the CCI rules against Amazon and revokes the 2019 approval, it could have wide-ranging ramifications on the U.S. firm’s ongoing legal battle with Future, people familiar with the case say.
That’s because Amazon has so far successfully used the 2019 Future unit deal to argue breach of certain contracts when the Indian company announced plans to sell its retail assets to rival Reliance Industries for $3.4 billion last year.
Future, which denies any wrongdoing, accuses Amazon of illegally interfering in its business decisions and derailing a potential deal without which it says it will face liquidation.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

This top-rated robot vacuum is on sale for just $136 on Amazon Canada

Looking for more gift guides and holiday tips? Sign up for Yahoo Lifestyle Canada’s newsletter! Amazon’s top-rated robot vacuum is currently on sale for more than 20 per cent off. ... Read more »

BitMart crypto exchange hit with $150m hack

Crypto exchange BitMart has suffered a security breach which saw the attackers make off with roughly $150 million in different cryptocurrencies, the company’s leadership has confirmed. Taking to Twitter, BitMart ... Read more »

Covid: Sajid Javid to deliver Commons update on Omicron this afternoon

Sajid Javid will give an update in the House of Commons (PA Media) Health secretary Sajid Javid will update MPs on the latest Covid developments in a statement to the ... Read more »

WhatsApp expands disappearing messages tool

WhatsApp users are being given the option to turn on disappearing messages by default when they start a new chat, the messaging platform has said. The update will also see ... Read more »

EV maker Lucid crashes after disclosing SEC subpoena

SILVER SPRING, Md. — Shares in the electric vehicle startup Lucid Group tumbled Monday after saying that said it had been subpoenaed by government regulators, apparently over the process by ... Read more »

Report says Russian hackers haven't eased spying efforts

FILE – The Kremlin in Moscow, Sept. 29, 2017. The elite Russian state hackers behind last year’s massive SolarWinds cyberespionage campaign hardly eased up this year, managing plenty of infiltrations ... Read more »

Acer launches Predator Helios 500 with 120Hz 4K mini LED display, Intel 11th-gen i9 processor and GeForce RTX 3080: Price, features and more

Acer has launched its Predator Helios 500 laptop in India. This laptop sports an 11-gen Intel Core i9 processor and has a mini-LED display that supports 120Hz refresh rate. It ... Read more »

Got cold feet? You can now buy a hot water bottle for your tootsies

Woman sitting under a blanket on sofa. [Photo: Getty] Yahoo Life’s editors are committed to independently selecting wonderful products at great prices for you. We may receive a share from ... Read more »

Carbon capture and storage: where should the world store CO₂? It's a moral dilemma

The recent Glasgow climate pact committed 197 countries to “phas[ing] down unabated coal”. Unabated coal refers to when power stations or factories burn coal without capturing and storing the carbon ... Read more »

EV maker Lucid subpoenaed by SEC over SPAC merger

SILVER SPRING, Md. (AP) — Shares in the electric vehicle startup Lucid Group tumbled Monday after saying that said it had been subpoenaed by government regulators, apparently over the process ... Read more »

The best Amazon Kindle deal of all time is happening right now: Save $35 and get a 3-month Kindle Unlimited subscription

We may receive commission from purchases made via links on this page. Pricing and availability are subject to change. It was a dark and stormy night. I picked up my ... Read more »

Acer Predator Helios 500 (PH517-52) launched in India with Intel Core i9 CPU, RTX 3080 GPU, 120Hz 4K Mini LED Display

The Acer Predator Helios 500 (PH517-52) has officially been unveiled in India. The Predator Helios 500 is a top-end gaming laptop that arrives with an 11th Gen Intel processor, and ... Read more »

Mother luckily escapes injury as baby's cry brings her out of kitchen seconds before explosion

A mother luckily escaped death as her baby's cry brought her out of the kitchen seconds before an explosion in southern China. Video shot in the city of Zhanjiang in ... Read more »

Why Microsoft avoided antitrust scrutiny that plagued other tech giants in 2021

The Big Tech reckoning gained momentum in 2021, as U.S. regulators accused behemoths like Google and Facebook of abusing their market power to gain an illegal edge over competitors. But ... Read more »

10-year-old fidget toy maker set to retire by age 15

10-year-old fidget toy maker set to retire by age 15 A 10-year-old entrepreneur from Australia – who has a toy and hair accessory empire – is set to retire by ... Read more »

Microsoft is Yahoo Finance's Company of the Year 2021

Microsoft (MSFT) has had a stunning year. After nearly 50 years in business, the tech giant crashed through the $2 trillion market capitalization mark in June, joining an exclusive club ... Read more »

Coronation Street's Roy Cropper actor to make a Christmas comeback

David Neilson playing Roy Cropper in Coronation Street credit:Bang Showbiz David Neilson is set to return as Roy Cropper in a dramatic Christmas 'Coronation Street' comeback just weeks after exiting ... Read more »

Amanda Owen makes very candid comment about family 'difficulties' in new interview

Our Yorkshire Farm star Amanda Owen has opened up about facing “difficult moments” in a new interview with Lorraine Kelly. MORE: Amanda Owen's fans jump to her defence after she ... Read more »

Reintroducing masks in England may be met with resistance – here's how the government can overcome it

Richard M Lee/Shutterstock There are fears that the new omicron variant of the coronavirus could be the most transmissible form of the virus yet, so infection control measures are being ... Read more »

This new Toshiba 4K TV is the first Amazon Fire TV to feature local dimming

Toshiba has announced its latest 4K flagship, the M550KU Fire TV, which the company says will the first Amazon Fire TV to feature local dimming, with up to 48 dimmable ... Read more »

US military officially confirms action against ransomware groups

Tackling ransomware operators in the US is no longer just a job for the police, but the military and national intelligence officers and spies, government officials have revealed. Speaking to ... Read more »

How to 'force restart' your phone: Talking Tech podcast

Hit play on the player above to hear the podcast and follow along with the transcript below.This transcript was automatically generated, and then edited for clarity in its current form. ... Read more »

[Exclusive] Future K2 tanks could run on homegrown transmission

K2 Black Panther main battle tank (Hyundai Rotem) The next batch of South Korea’s K2 Black Panther main battle tanks are expected to run on an locally-made transmission system instead ... Read more »

Realme 9i key specifications detailed; Could feature 90Hz Display, Snapdragon 680 SoC

The Realme 9 series is slated to drop in January 2022. We previously reported that the company will introduce at least four smartphones in the Realme 9 line-up. Now, one ... Read more »

Microsoft 365 is seriously late to the party with this important hybrid working feature

Avoiding embarrassing meeting snafus could soon be a lot easier thanks to a long-awaited new update from Microsoft 365. The software suite has revealed that users will finally be able ... Read more »

Cryptocurrency: Hackers steal $150m from platform BitMart after 'large-scale security breach', company says

The company has suspended withdrawals following the breach. Read more »

These Are The Last Christmas Posting Dates For 2021

(Photo: Sergio Amiti via Getty Images) The festive lights have been turned on and the mince pies are out in full force, which means one thing: it’s time to send ... Read more »

Euro 2020 and sea shanties among TikTok's highlights of the year

Cats, sea shanties and Euro 2020 were among the biggest trends on TikTok in the UK during 2021, according to figures from the video-sharing platform. The social media giant’s annual ... Read more »

Looking for a holiday gift? The new Nintendo Switch is 'worth the upgrade' — plus more hot tech finds from Best Buy

Looking for more of the best deals, sales and product recommendations? Sign up for Yahoo Lifestyle Canada’s newsletter! Shoppers say the Nintendo Switch OLED Model is “worth the upgrade.” Yahoo ... Read more »

D-Link R15 Eagle Pro AI AX1500 router launched in India

D-Link has launched its all-new R15 Eagle Pro AI AX1500 smart router in India. The company has priced the router at Rs 3,299 in the country and it is available ... Read more »

US-China tech war: semiconductor links across Taiwan Strait faces political headwind

The long-standing bond between mainland China, the world’s second-largest economy, and semiconductor powerhouse Taiwan faces its stiffest challenge in decades amid increased cross-strait tensions and growing friction between Beijing and ... Read more »

Fauci says early data on the Omicron variant is 'encouraging' but we don't yet truly know how deadly it is

Dr. Anthony Fauci.AP Photo/J. Scott Applewhite, Pool Dr. Anthony Fauci said Sunday that South Africa's initial data on Omicron is “a bit encouraging.” However, the top US medical doctor said ... Read more »

Apple VR headset is primed for gaming – but can it compete with Quest 2?

The Apple VR headset has been rumored for years now, and with the device launch possibly coming in 2022, speculation about the specific focus and capabilities of the device are ... Read more »

Final Fantasy 14 Endwalker players will get free game time following rocky launch

Final Fantasy 14 Endwalker launched just a few days ago on December 3, 2021, and the new expansion represents the culmination of a decade of experience and storytelling for Square ... Read more »

Private space stations are coming. What can tourists expect?

A new era of space stations is about to kick off. NASA has announced for development, joining an earlier proposal by Axiom Space. These proposals are the first attempts to ... Read more »

Google is testing a design change for its Search app

Google has been introducing new features and designs for its apps to match its look and feel with the Android 12 user interface. Now, the company is reportedly working on ... Read more »

Cybercriminals flood online forums with malicious Microsoft Excel files

Websites with contact forms and comment sections, as well as discussion forums, are being used to distribute a known password-stealing malware through a compromised Microsoft Excel file. According to a ... Read more »

Today is the last day you can download a forgotten Harry Potter mobile game

If you haven’t already tried out Harry Potter Wizards Unite you don’t have much time left to do so, because the augmented reality game (ARG) for mobiles is only available ... Read more »

Amazon's Audible is giving over 100 free audiobooks on Alexa

Amazon-owned Audible has made over 100 audiobooks completely free of cost on Alexa, which can be accessed on the Amazon Echo and Fire TV range and other Alexa built-in devices. ... Read more »

Big North Carolina factory likely to be Toyota battery plant

The Associated PressToyota vehicles are displayed at the AutoMobility LA Auto Show Thursday, Nov. 18, 2021, in Los Angeles. (AP Photo/Marcio Jose Sanchez) RALEIGH, N.C. — North Carolina government officials ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic