SIAC awards ₹23.7 Cr to Amazon in Future Group dispute and ₹77 Cr towards Legal Costs of the Arbitration

The Amazon-Future Group dispute originated from Amazon’s 2019 investment of ₹1,431 crore to acquire a 49% stake in Future Coupons Private Limited (FCPL), a subsidiary of Future Group. This investment was designed to give Amazon indirect access to Future Retail Limited (FRL), India’s second-largest retail chain operating Big Bazaar stores, since foreign companies face restrictions…

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Kirloskar moves Bombay High Court challenging amendments to SEBI Disclosure Requirement Regulations

The amendments mandate disclosure of certain private agreements even when the listed company is not a party to them. The petitioners contended that the new disclosure regime introduced through the 2023 Second Amendment and clarified by SEBI in 2024, is unlawful, arbitrary, wholly unreasonable and runs counter to Constitution and basic principles of Indian contract…

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‘Have three children to avoid population collapse’: Elon Musk urges global families Elon Musk’s comment was in response to a user who had cited a May report published by Fortune, which stated that the average woman would need to have 2.7 children to maintain population stability. The user, referencing Musk’s longstanding concerns, wrote, “If things…

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Donald Trump slams Fed Chair Powell as ‘terrible,’ hints at replacement: ‘I know three or four people’

US President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell on Thursday (June 26), calling him “terrible” and revealing he has several potential successors in mind. “I know within three or four people who I’m going to pick,” Trump told reporters at The Hague on the sidelines of NATO summit, when asked…

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Oil giant Shell in talks to acquire BP in what could be biggest corporate deal this year: Report – Moneycontrol

Oil giant Shell in talks to acquire BP in what could be biggest corporate deal this year: Report  Moneycontrol BP shares jump 7% on report it is in early-stage talks to be acquired by Shell  CNBC Shell denies takeover talks with UK rival BP  Financial Times BP Stock Jumps After Report That It’s in Merger Talks With Shell  Investopedia…

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