The regulator ruled the U.S. e-commerce giant suppressed information while seeking regulatory approval on an investment in Indian retailer Future Group two years ago.
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Future Group stocks surge 20% after India suspends 2019 Amazon deal
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Shares of India's Future Group companies surged about 20% on Monday after the country's antitrust agency suspended Amazon.com Inc's 2019 deal with the group, potentially making it easier for Reliance Retail to buy Future's retail business.