Future Group

The Sobo Central mall was run by Future Group Promoter Kishore Biyani's firm, and was opened in the late 1990's. Named as Crossroads Mall, it was one of the preferred destination for shopping and socialising at the time

Reliance Retail among prospective buyers for Future Enterprises

Besides RRVL, steel maker Jindal (India) and GBTL, maker of polyester viscose & blended fabrics are on the list.

When Kishore Biyani learnt Big Bazaar crowd management from Tirupati temple

Kishore Biyani wanted to learn how Tirupati temple authorities handle the huge influx of devotees and apply those lessons to his own business.

SC agrees to hear Amazon's plea against CCI suspension of approval to 2019 deal

Amazon has challenged an NCLAT order that upheld CCI's decision to keep in abeyance the approval for Amazon's 2019 investment deal with Future Coupons Pvt Ltd

Central Bank files personal insolvency case against promoters of Future Group

Last week, the Bank of India had filed a petition before the National Company Law Tribunal to initiate insolvency proceedings against debt-ridden Future Lifestyle

Amazon moves SC, challenges NCLAT order upholding CCI's suspension of Future deal

In June, NCLAT had agreed with CCI finding that Amazon did not disclose its strategic interest in the Future group companies. The antitrust body had had in December 2021 kept its approval for the deal in abeyance

Singapore panel rejects Future plea to terminate arbitration proceedings with Amazon

It noted that the CCI order keeping its approval for Amazon-FCPL deal in abeyance did not render arbitration proceedings unnecessary or impossible.

Future Enterprises defaults on Rs 4.10 crore interest payment for NCDs

The latest default is on the interest of securities issued for a sum of Rs 40 crore. FEL has defaulted on interest payment for the period between June 24, 2021, to June 23, 2022, it said.

NCLAT judgment in Amazon-Future case sends a strong message, say experts

The setback faced by Amazon is also likely to act as a cautionary tale for others who are likely to seek CCI approval in line with regulatory compliance, legal experts believe.

NCLAT upholds CCI ruling to suspend approval for Amazon-Future deal

NCLAT has also upheld the penalty of Rs 200 crore imposed on Amazon and has directed the e-commerce giant to pay it within 45 days from today.

Amazon preaching governance is akin to demon preaching vedas: Future Retail’s independent directors

In a reply to Amazon’s letter, which alleged that the directors helped the company in the transfer of retail stores to Reliance, the independent directors of Future Retail have refuted the allegations and said there has been no stratagem whatsoever to handover any stores to Reliance.

Ashni Biyani resigns as MD of Future Consumer for ‘personal reasons’

Samson Samuel has been appointed as the CEO of Future Consumer.

Future Enterprises to raise Rs 3,000 crore from stake sale in insurance arm to avoid insolvency

Earlier on Thursday, Future Enterprises Ltd completed the sale of its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) to joint venture partner Generali for Rs 1,266.07 crore.

Future Group sells 25% stake in FGIICL to JV partner Generali for Rs 1,266 crore

After receiving mandatory approvals from the government and key regulators, the sale of a 25 per cent share took place on Thursday, a regulatory filing by Future Enterprises Ltd (FEL) said.

NCLT to hear Bank of India’s plea to admit Future Retail under insolvency on May 12

Bank of India on April 14 had filed insolvency proceedings against Future Retail for non-payment of dues

Future Group lenders plan to drag sister companies to bankruptcy court, seek maximum debt recovery

Lenders think a group insolvency process could be the best way forward for banks to maximise debt recovery and reduce legal hurdles.

Reliance recalls $3.4-billion Future assets deal after secured creditors vote against scheme

"The shareholders and unsecured creditors of FRL have voted in favour of the scheme. But the secured creditors of FRL have voted against the scheme," Reliance informed stock exchanges.

Future Retail’s IBC process may not lead to deep haircut for banks

Future Group, which is on the brink of liquidation, is currently locked in a long-drawn-out legal dispute with Amazon. The dispute comes as the two companies are locked in a bitter feud over the debt-ridden Indian company’s announcement in 2020 to sell its retail, wholesale, warehousing, and logistics businesses to billionaire Mukesh Ambani’s Reliance Industries in a deal worth $3.4 billion.

Amazon-Future | Supreme Court closes case as arbitration to resume before Singapore tribunal

The apex court has asked the SIAC tribunal to consider the Future group's application, seeking termination of the proceedings under the provisions of the Arbitration and Conciliation Act

SC to hear Amazon's plea for protection of Future group's assets on March 23

Amazon has filed an application for the protection of Future Retail's shops and assets from being taken over during the pendency of the legal dispute between the two parties

The relevance of the December 2021 CCI order to the Amazon-Future dispute

In a one-of-its-kind move, the CCI kept in abeyance its approval for the 2019 investment deal on the grounds that Amazon had not divulged its real intention with respect to the investment deal with Future Coupons.

After talks with India's Future Retail fail, Amazon goes on the attack in newspaper ads

The US e-commerce giant has been contesting a $3.4 billion sale of Future Group's retail assets to the Reliance conglomerate that was announced in 2020, and the case is currently before the Indian Supreme Court.

Future-Amazon talks to resolve wrangle fail, ecommerce giant flags retail assets transfer to Reliance

Amazon presses for resumption of arbitration proceedings and asks Supreme Court to grant interim relief against transfer of Future Retail's assets to Reliance

Founder’s curse: The fatal flaw that has undone many an entrepreneurial journey

The stronger and charismatic the founder, the weaker the organisation in its second generation, says a new research paper. Indian business is replete with examples of strongman founders destroying the organisations they’ve built

Future Retail employees, vendors heave sigh of relief as Reliance takes over stores

Reliance has been making job offers to employees of the stores, which will ensure continuity for nearly 30,000 workers of Future Group's retail network.