Due to the controversy over an Indian grocery company, the world’s largest e-commerce company Amazon and India’s largest company Reliance have come face to face.
Both these companies are in trouble because both of them have done different deals with the same Indian retail company Future Group. Experts say that the future of e-commerce in India depends on this legal battle of Reliance with Amazon in the coming years.
Satish Meena, a senior future analyst at Forrester Consultancy, told the BBC, “I think it’s a big deal. Amazon has not faced such a rival in any market.”
Amazon has made its founding owner Jeff Bezos the richest man in the world. (Although, he is no longer the richest man.) Amazon has changed the business of retail on a global scale. But Mukesh Ambani, the owner of Reliance, is also India’s richest man and his history has not given up so easily.
Industry analysts believe that in the retail sector, they will be the challengers to Amazon and Walmart’s Flipkart. What is the dispute about the Future Group?
What is the dispute about the Future Group?
Future Group signed a deal with Reliance to sell retail assets worth US $ 3.4 billion earlier this year. Amazon has a 49 percent stake in Future Coupons since 2019. Because of this, Amazon has an indirect ownership stake in Future Retail. Amazon says that according to this agreement Future Group cannot deal with select Indian companies. Reliance is also included in this.Future retail business has been severely affected due to the Corona virus epidemic. The company says that this deal with Reliance is very important to keep the company alive.The recent decision of the court has been in favor of Future Group. Last Monday, the Delhi High Court overturned the decision a week ago under which the deal was stayed. Amazon has appealed against the court’s recent decision.
What is at stake?
If Reliance gets the approval of this deal, then it will have access to more than 1800 stores in 420 cities in India. With this, he will also have access to the wholesale and logistics of Future Group.
Sathish Meena says, “Reliance has the money and the influence it needs in the market. Even if they don’t have expertise in the e-commerce business.” If Amazon succeeds, it can push Reliance’s plans in the field of e-commerce.
BBC Business Correspondent Nikhil Inamdar says that the battle between these two richest businessmen in the world shows how much is at stake in the field of e-commerce for Bezos and Ambani. It is also a sign of how difficult it is for foreign traders to do business in India.
According to Nikhil Inamdar, Amazon is a recent example of this in large foreign companies, which has suffered such irregularities with its Indian partner in which external arbitration orders have not been followed. Apart from this, he has not received full support even in the local court. India has recently seen defeat in the tax dispute against two important companies, Karen Energy plc and Vodafone. However, the order has been challenged in the case of Vodafone.
Rupa Subramanya, a fellow of the Asia Pacific Foundation of Canada, tells the BBC, “There is no doubt that foreign investors will look at these conditions and take it as a desperate situation. India’s position as a reliable place to invest and trade.” This will negatively affect the image.
“Nikhil Inamdar says that Amazon is not going to leave this battle without fighting because Reliance will get “extra profit” from it, in the words of analysts. But of course, fighting for Amazon against a domestic company like Reliance is not the same as fighting on par.
Government regulations prevent foreign e-commerce companies from selling their products directly to consumers. This is widely seen as a protectionist policy that benefits local retailers.
Amazon is also suffering the brunt of Prime Minister Narendra Modi’s call for a self-reliant India as it will follow strict norms regarding the use of data. This will harm the interests of companies like Amazon.
Cyclone storm, warning of 2 days of heavy rain in these states; Know how the weather will be in your area
The effect of cyclonic storm is also visible on the weather of North India. According to the Meteorological Department, rain is forecast in most areas of Uttar Pradesh, Rajasthan and Haryana. At the same time, due to western disturbance, western disturbances are also expected to change in the seasonal activities of North India in the next two-three days. There is a possibility of showers in the national capital Delhi and Haryana amidst cloud movement. According to the Meteorological Department, there is a possibility of rain in most areas of Uttar Pradesh, Haryana and Rajasthan.
There is a possibility of heavy rains in Rajasthan
Hurricane Takte is moving out of Gujarat and is moving towards Rajasthan. Now its speed has started slowing down. It will reach Rajasthan by late night on Tuesday. Due to the weakening of the storm, the wind will now run at a speed of 40-50 km per hour. It was previously estimated that the wind speed could be up to 60 km. The Meteorological Department has predicted heavy rain in some areas of Udaipur and Jodhpur divisions due to this system. Director of Meteorological Department Radheshyam Sharma said that due to the impact of the system, heavy rain may occur in Banswara, Bhilwara, Chittorgarh, Dungarpur, Pratapgarh, Rajsamand, Sirohi, Udaipur, Jalore and Pali between late Tuesday to Wednesday morning. Apart from this, several districts of Jaipur, Ajmer, Kota and Bharatpur divisions are expected to receive heavy rains on Wednesday afternoon and late evening.
Chance of rain for two days in Delhi
The weather will change in Delhi also, the mood in the national capital Delhi is also changing. According to the Meteorological Department, drizzle and light rain is expected today amidst cloudy movement. According to the forecast of Indian Meteorological Department, Delhi is expected to receive pre-monsoon rains on 19-20 May. Today in Delhi, the minimum temperature can remain 24 ° C and the maximum temperature can be up to 33 ° C. According to the Meteorological Department, Delhi is expected to receive pre-monsoon rains due to western disturbances.
Forecast of rain in these states
According to weather forecast agency Skymet, heavy to very heavy rains are likely at many places along Gujarat and North Maharashtra coast. While light to moderate rains may occur over Kerala, Konkan and Goa, parts of South Rajasthan in Madhya Pradesh. Apart from this, light to moderate rains are expected with Northeast India, Lakshadweep, Interior Tamil Nadu and Interior Karnataka with some strong rains. While light to moderate rains may occur over the western Himalayas, Chhattisgarh, Telangana, Andhra Pradesh and isolated parts of Andaman and Nicobar Islands.
When Karan Johar asked Shahrukh Khan, what to do if someone kISS your daughter? Got shocking answer
Actor Shahrukh Khan, known as the King of Bollywood, is much more positive about his daughter Suhana Khan. We do not say this, but Shahrukh Khan himself said that after listening to you, you will also be convinced of our words. Actually, an old video of filmmaker Karan Johar’s popular show ‘Coffee with Karan’ is becoming quite viral on social media at this time.
In this video, actress Alia Bhatt and Shah Rukh Khan are seen with Karan. Meanwhile, the host of the show Karan Johar asks actress Alia Bhatt a candid question. The question is, ‘How old were you when Alia became your first boyfriend? In response to this question, Alia says that I was 16 years old.
On which Karan asks Taapak to Shahrukh Khan in a funny way, ‘Your daughter is also 16 years old, will you kill the person who kisses your daughter?’ In response to this question, Shahrukh Khan says, ‘I will rip the lips of that fellow’. Let me tell you that Shahrukh Khan’s daughter Suhana is very active on social media and keeps sharing a glamorous photo more than hers. It is often speculated that she can make her Bollywood debut soon.
If we talk about Shahrukh Khan at the same time, then after a break of two years, he is going to make a big comeback on the big screen from the film ‘Pathan’. In Shah Rukh’s film, his opposite actress Deepika Padukone will be seen, while Salman Khan’s cameo role will also be seen in the film.
Zayn Saifi’s efforts got acknowledged by Facebook
Every step you take is another step close where you want to be. Small steps one after another take one to their destination. One such milestone is achieved by Zayn Saifi. He recently got verified on Facebook.
Zayn is a well known Comic YouTuber. He is the member of YouTube Channel named Round2hell. The channel has a huge fan base of 19.1 Million people and specially famous amongst the youngsters.
Zayn has undoubtedly worked hard day and night to achieve what he have now. Getting verified on Facebook was surely a good thing he have a huge fan base and his fans were overwhelmed. After this verification fans can directly connect with him and there will no more confusion between his account and other fake accounts and pages.
He is touched to see reaction of his fans on this and happy that Facebook finally acknowledged his hard work and he got what he really deserves. His fans will be happy to know that now they can see more of him on his Facebook page as well. No one can get enough of the person who serves content in such way.
Zayn’s Real name is Shahrukh, but everyone knows him by the name Zayn Saifi. He was born on 12 February 1996 in Pakwara, Moradabad, Uttar Pradesh. He with his two best friends started the YouTube channel Round2hell . The story behind the name of channel is also a interesting one. As everything has a story behind it that need to be shared. It’s a huge task to provide comic content on the point to the audience but when you have zeal to do something and achieve it you give it your all and get it and that’s exactly what the trio did. They slogged for it and got it. They were even the part of 2019 YouTube Fest.
The Facebook verification will help for people to connect with him better and to know him more. Zayn will surely be celebrating it. He says it’s nothing but just a minute step towards achieving what he want from his life. He is working day and night hard for it. But it’s the time to celebrate this small win for sure.