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Amazon's bid to halt India's Reliance-Future deal hits setback

Local regulator fines US titan for allegedly hiding 'scope' of own 2019 deal

Reliance Industries agreed last year to buy Future Group, but Amazon has challenged the legitimacy of the deal. (Source photo by Reuters and AP)

BENGALURU -- Amazon's bid to block the merger of two Indian retailing rivals has taken a dramatic turn after local regulators slapped the U.S. e-commerce giant with a $26 million fine for allegedly "hiding the actual scope" of its own deal involving one of the companies.

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