Ambani vs Bezos: Reliance's retail ambitions hit Amazon roadblock

Two of world's richest men in legal battle for supremacy in Indian market

The first legal battle between Amazon Chairman Jeff Bezos, left, and Reliance Industries Chairman Mukesh Ambani over Indian retailer Future Group ended in favor of Bezos. (Nikkei montage/Source photos by Reuters and Ken Kobayashi)

ROSEMARY MARANDI, Contributing writer

October 29, 2020 11:55 JST

MUMBAI -- Reliance Industries' aggressive expansion, fueled by investments from big global names, has hit a speed bump with Jeff Bezos's Amazon.com winning an interim injunction on an important retail acquisition.

Singapore's international arbitration court on Sunday put on hold a multibillion-dollar deal for Future Group's retail assets by Reliance, the conglomerate led by Indian billionaire Mukesh Ambani.