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Home Business & Finance India approves Reliance’s $3.4 billion deal with Future Group, brings a new...

India approves Reliance’s $3.4 billion deal with Future Group, brings a new headache to Amazon – TechCrunch

Document Analysis NLP IA

287
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1:26
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neutral
sentiment

Sentiment0.038383838383838
objective
redaction

Subjectivity0.33072390572391
probably it's an affirmation
Affirmation0.475

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Key Concepts (and relevance score)

Summary (IA Generated)

The Indian watchdog said on Friday it has approved the $3.

Reliance Retail and Future Group announced their proposed deal, worth $3.

Amazon, which owns a stake in a Future Group’s subsidiary, has protested the deal, alleging the Indian firm of engaging in insider trading and violating contracts.

Late last month, a Singapore arbitration court issued an order to temporarily halt the deal between the two Indian retail giants, but it has been unclear ever since how much weight that order holds in India.

Shortly after the court issued the order, Future Group and Reliance Retail said they were working to complete their deal “without any delay.

5 billion in its India business, had requested the CCI and SEBI, the regulator of the securities and commodity market in India, to consider Singapore International Arbitration Centre’s order and blocking the deal.


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