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Amazon aims to sublet, end warehouse leases as online sales cool

Amazon could try to negotiate lease terminations with existing landlords, including Prologis Inc., an industrial real estate developer that counts the e-commerce giant as its biggest tenant, two of the people said.
An Amazon sign stands in a parking lot outside of an Amazon warehouse in New York, US.(REUTERS)
An Amazon sign stands in a parking lot outside of an Amazon warehouse in New York, US.(REUTERS)
Published on May 22, 2022 03:56 AM IST
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Bloomberg |

India's two richest men prep for war with Netflix, Amazon

Viacom18 Media Pvt., Ambani’s local joint venture with Paramount Global, is set to receive 135 billion rupees ($1.8 billion) in a funding round led by James Murdoch-backed Bodhi Tree Systems.
Indian tycoons Gautam Adani and Mukesh Ambani.
Indian tycoons Gautam Adani and Mukesh Ambani.
Published on Apr 28, 2022 05:54 PM IST
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Bloomberg |

The Indian billionaire helping PM Modi take on Amazon, Walmart

In his previous avatars, Nandan Nilekani helped the government develop the Aadhar biometric ID system, roughly a digital equivalent of the US social security program.
Nilekani also helped introduce a payments backbone called the United Payment Interface, or UPI.(Reuters file photo)
Nilekani also helped introduce a payments backbone called the United Payment Interface, or UPI.(Reuters file photo)
Updated on Apr 28, 2022 03:45 PM IST
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Bloomberg |

Flipkart raises internal IPO valuation to $70 billion, may list in 2023: Report

Flipkart, which competes with Amazon.com Inc in India's booming e-commerce space, had earlier set an IPO valuation goal of $50 billion.
Flipkart raises internal IPO valuation to $70 billion, may list in 2023: Report
Flipkart raises internal IPO valuation to $70 billion, may list in 2023: Report
Published on Apr 07, 2022 01:03 PM IST
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Reuters |

Amazon urges SC to halt RIL takeover of FRL stores

  • Appearing before a bench, headed by Chief Justice of India NV Ramana, senior counsel representing the two companies submitted that the deliberations took place at the level of their solicitors on Saturday, but failed to fructify into any positive development.
The bench then asked Harish Salve and Mukul Rohatgi, who appeared for FRL, if the attempt by Future is to make pending legal proceedings pointless.(Reuters)
The bench then asked Harish Salve and Mukul Rohatgi, who appeared for FRL, if the attempt by Future is to make pending legal proceedings pointless.(Reuters)
Updated on Mar 16, 2022 05:16 AM IST
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