Reliance pulls a fast one on Amazon + unpacking the mystery of cash

The Mukesh Ambani-run company begins taking over Future’s stores though the courts are yet to decide and a slowing economy does little to stem money supply.

Prince here. Suddenly, it looks like the long-running battle between Reliance Industries and Amazon over Future Retail may be coming to a conclusion. Earlier today, Amazon did very nearly raise a white flag in the Supreme Court. Was it because of what Reliance managed to pull over the last one week? Maybe. Something else caught our attention this week. No, not that the GDP is slowing down, but that despite a slower economy, cash in the hands of the public has seen a consistent rise. What explains that? Read on.

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Author

Prince M. Thomas

Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.

Managing Editor

prince@mailtmc.com

Mumbai

Author

Advait Palepu

Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.

Writer

advait@mailtmc.com

Mumbai

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Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

Editor, Banking

furquan@mailtmc.com

Delhi