In 1994, Jeff Bezos started Amazon from the online book store. The company has now transformed into a mega online retailer.
A deal by Mukesh Ambani’s Reliance Industries is stuck due to American e-commerce company Amazon. Meanwhile, now Amazon founder Jeff Bezos has made a big announcement.
What’s the matter: Jeff Bezos, the world’s richest man, has announced his resignation as the CEO of Amazon. Bezos is leaving this post after nearly 30 years. Bezos is now elected acting chairman of the board. Andie Jessie will now be given the responsibility of CEO position, replacing Jeff Bezos. Let us know that Andi is currently the Chief of Web Services of Amazon.
How it was started: Let us tell you that in 1994 Jeff Bezos started Amazon from online book store. Now the company has turned into a mega online retailer. Currently Amazon sells all types of products worldwide.
At the same time, Jeff Bezos has also been the world’s richest businessman. According to the Bloomberg Billionaires Index, Jeff Bezos has assets of close to $ 198 billion and remains the second richest person.
Objection to RIL related deal: In fact, last year, Reliance Retail announced the acquisition of the retail business of Future Group. Amazon has objections to the deal worth Rs 24,713 crore.
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Amazon has approached the High Court to implement the interim order of the Emergency Arbitration Forum of Singapore on this deal. The tribunal gave an interim order to Future Retail to stay the deal. However, this deal has been approved by SEBI. At the same time, in this entire case, the Delhi High Court has reserved the decision after hearing the petition of Amazon.