Signage is displayed outside the Amazon facility in the Staten Island borough of New York. (Photographer: Michael Nagle/Bloomberg)
Amazon.com Inc. has initiated arbitration proceedings against the Future Group before the Singapore International Arbitration Centre, according to two people privy to the development. The U.S.-based e-commerce major has sent a legal notice to its Indian partner alleging violation of contractual obligations by Future Group.The Rs 27,513-crore deal between Mukesh Ambani’s Reliance Retail Ltd. and Kishore Biyani’s Future Group violates ...