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Future Retail

Ambani, Adani among 13 bidders for Future Retail

Other entities that have submitted Expression of Interests (EOIs) include Boomidala Enterprises Pvt Ltd., Capri Global Holdings Pvt Ltd, Shalimar Corporation Ltd., Nalwa Steel & Power, United Biotech, WHSmith Travel, and United Biotech Pvt Ltd.New Delhi: Firms run by billionaires...

Amazon moves SC against Delhi HC stay order restraining Future-Reliance deal

Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi high court order which stayed a single judge's order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business according to...

Delhi HC stays order restraining Future-Reliance deal, court notice to Amazon

The Delhi high court on Monday stayed the single judge order restraining Future Retail's Rs 24,713 crore deal with Reliance Retail to sell its retail and wholesale business.The Kishore Biyani-led group firm, Future Retail Ltd (FRL) had filed an...

In a win for Amazon, Delhi High Court blocks Future-Reliance deal

In an interim order, the Delhi High Court directed Kishore Biyani-led Future Retail to maintain status quo on the Rs 27,513 crore Future Retail-Reliance deal until 'the pronouncement of the reserved order'.The court blocked the sale of a swathe of...

Future Enterprises reports net loss of Rs 320 crore

Future Enterprises Ltd on Wednesday reported a consolidated net loss of Rs 320.56 crore for the second quarter ended September 2020, on account of lower revenue from operations. The company had posted a net profit of Rs 21.78 crore...

Heritage Foods exits Future Retail; sells holding for Rs 132 crore

Heritage Foods has sold its entire holding representing over 3 per cent stake in Kishore Biyani-led Future Retail for around Rs 132 crore in the open market to mainly repay its long term loans. "The company has disposed off its entire holdings/investment...

Amazon Tussle: Future Retail says not every development 'material event for disclosure'

Kishore Biyani-led Future Retail Ltd on Thursday accused e-commerce giant Amazon of adopting a media strategy of "having every development reported and converted into a line of communication with stock exchanges" regarding the Amazon-Future Coupons' arbitration proceedings in Singapore. According...

Amazon-Future Tussle: Singapore's arbitration court rejects Future Retail's plea

Future Retail Ltd's plea to be excluded from being a party to the Amazon-Future Coupons' arbitration proceedings has been turned down and the Court of Singapore International Arbitration Centre (SIAC) has ordered that the arbitration shall proceed, according to...

CCI gives nod to Future-Reliance deal, setback for Amazon

Despite Amazon's objections, the Competition Commission of India (CCI) has cleared the Future-Reliance deal. Announcing the decision on Twitter on Friday, CCI said, "Commission approves acquisition of retail, wholesale, logistics & warehousing businesses of Future Group by Reliance Retail Ventures...

If 'control' is read, as sought by Amazon now, its investment would be violation of FDI policy

The Future Retail shareholders agreement, the Future Coupons shareholders agreement and the Future Coupons share sales agreement are not an integrated transaction and if these agreements were to be treated as a single integrated transaction, it would tantamount to...
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Korean skincare brand Skin1004 enters India with Tira

The products will be available for purchase online through the Tira app and at  select Tira stores Bengaluru: Korean skincare brand...
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