The Monthly Episode May Page 17-18

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March 22, 2021
The Delhi High Court stayed the single judge's order restraining Future group from going ahead with the deal with Reliance Re- tail to sell its business, which was objected to by Amazon.
April 14, 2021
Amazon approached The Supreme Court of India against The Delhi High Court or- der which stayed a single judge's order restraining the Future Group - Reliance deal.
May 5, 2021
The Supreme Court of India defers the case to June 28th amid the ur- gency of cases regard- ing the pandemic.

Amid the pandemic all over the world where the
common man is struggling to make ends meet, these billion- aires are making a fortune. Mukesh Ambani led Reliance in-
dustries made a profit of Rs. 13,227 crores (1.8 billion dol- lars) while Jeff Bezos led Amazon made a profit of 8.1 billion dollars in the first quarter of 2021.
A country of 1,380,004,385
The feud between these two richest men is to capture the approximately 1 trillion dollar market of the Indi- an consumers. Reliance is already the leader in most of the industries in India and Amazon sees it as the biggest competitor in the Indian market. With more than a billion consumers in the market, Amazon is not willing to let Reliance enter and share the pie. Future group has the biggest front end and back end network in the entire country but being based mostly offline, the company was hit hard during the pandemic’s first lockdown which trickled down to the need to sell the company attributing to the massive debt of Rs. 12,778 crores. If Reliance acquires the Future group’s net- work, it will impact severely to Amazon’s market share of the Indian market.

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Highlights

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From the Editor

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