India's plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".
U.S.-based womenswear and accessories brand Tory Burch has opened its first exclusive brand outlet in India in luxury mall DLF Emporio in New Delhi, as the brand expands in the country with Reliance Brands Limited.
Shares in Future Group companies jumped nearly 10% on Tuesday after an Indian court overturned an order that had stalled Future Group’s $3.4 billion deal to sell its retail assets to conglomerate Reliance Industries Ltd.
An Indian court on Monday overturned an order that had stalled Future Group’s $3.4 billion deal to sell its retail assets, sources said, in a setback for Future’s partner Amazon.com Inc, which has challenged the sale.
Amazon's bid to stall Future Group's $3.4 billion retail assets sale is similar to Alexander the Great's "ruthless ambition to scorch the earth", the Indian group's CEO Kishore Biyani said in an internal staff memo.