Moneycontrol PRO
you are here: HomeNewsFuture group
future group
Jump to
251 Results Found
  • SC grants 2 more weeks to Amazon in CCI case over Future Group deal Nov 29, 2021 01:01 PM IST

    SC grants 2 more weeks to Amazon in CCI case over Future Group deal

    CCI had concluded hearing in the matter last week where the central issue was essentially questioning the validity of the 2019 deal between Amazon and Future Coupons

  • Amazon India head summoned by ED over alleged Future Group deal irregularities Nov 28, 2021 10:31 AM IST

    Amazon India head summoned by ED over alleged Future Group deal irregularities

    The Enforcement Directorate is examining whether the deal violated India's law on foreign exchange when it invested Rs 1,431 crore to purchase a 49 percent stake in Future Coupons Pvt Ltd (FCPL) in 2019 and if it complied with regulations

  • Amazon’s Future Group deal followed same strategy as its More Retail stake buy to skirt Indian laws Nov 15, 2021 03:43 PM IST

    Amazon’s Future Group deal followed same strategy as its More Retail stake buy to skirt Indian laws

    The structure of the More Retail deal has been prompted by Amazon’s concerns over Press Note 2 (2018) released by the Indian government to tighten norms for e-commerce companies, said legal experts. New revelations could lead to further scrutiny of the transaction

  • Indian agency seeks documents from Future on disputed Amazon deal Nov 08, 2021 09:38 PM IST

    Indian agency seeks documents from Future on disputed Amazon deal

    The demand indicates heightened scrutiny of a deal which is at the heart of legal battles between Amazon and Future after the Indian company decided to sell its retail assets to rival Reliance Industries for $3.4 billion in 2020.

  • Future Group gets NCLT nod to hold meetings for sale of assets to Reliance Sep 28, 2021 07:25 PM IST

    Future Group gets NCLT nod to hold meetings for sale of assets to Reliance

    In the order issued on September 28, the NCLT asked the Future Group to propose a suitable date to hold the extraordinary general meeting (EGM) of the shareholders and creditors to seek their approval for the sale of its assets to Reliance Retail for a consideration of Rs 24,713 crore.

  • Paid just Rs 52 crore in legal fees in FY 2020, says Amazon Sep 21, 2021 09:28 PM IST

    Paid just Rs 52 crore in legal fees in FY 2020, says Amazon

    Conventionally legal fees could include litigation charges, consultation fee paid to law firms which have a retainer relationship with companies, and land procurements.

  • Amazon vs Future: In huge relief to Kishore Biyani company, SC asks regulatory agencies to stay proceedings for 4 weeks Sep 09, 2021 01:40 PM IST

    Amazon vs Future: In huge relief to Kishore Biyani company, SC asks regulatory agencies to stay proceedings for 4 weeks

    The SC bench also asked all regulatory authorities, including the NCLAT, CCI and the SEBI, not to pass final orders on the Future-Reliance deal for four weeks.

  • CCI accuses Amazon of concealing facts in deal for Future Group unit Jul 22, 2021 01:25 PM IST

    CCI accuses Amazon of concealing facts in deal for Future Group unit

    In the letter dated June 4, the Competition Commission of India (CCI) said Amazon hid factual aspects of the transaction by not revealing its strategic interest in Future Retail when it sought approval for the 2019 deal.

  • Has SEBI erred in the Biocon insider trading case? Jul 13, 2021 10:55 AM IST

    Has SEBI erred in the Biocon insider trading case?

    Insider trading cases are hard to prove but regulators don’t stop trying to stamp out this menace. In Biocon’s case, Sebi’s orders raise vital questions on their soundness.

  • Reliance AGM 2021: JioMart, Future deal in focus as retail set to drive growth for RIL Jun 24, 2021 01:01 PM IST

    Reliance AGM 2021: JioMart, Future deal in focus as retail set to drive growth for RIL

    RIL has been building up omnichannel play with JioMart, which coupled with Future Group’s offline muscle, could build a formidable opponent for incumbents in the e-commerce segment.

  • Amazon vs Future case | SC stays all proceedings pending before Delhi High Court Apr 19, 2021 12:18 PM IST

    Amazon vs Future case | SC stays all proceedings pending before Delhi High Court

    Amazon and Kishore Biyani-led Future Group are currently locked in a legal battle over the latter's Rs 24,713 crore deal with Reliance Industries.

  • 'Digital first' critical in a post-COVID world: Kishore Biyani Apr 05, 2021 11:15 AM IST

    'Digital first' critical in a post-COVID world: Kishore Biyani

    "COVID or not, the show must go on. Ultimately, it's about doing business," Kishore Biyani, CEO of Future Group, said.

  • Future Group moves Delhi HC against order restraining furtherance of Reliance deal Mar 20, 2021 11:20 PM IST

    Future Group moves Delhi HC against order restraining furtherance of Reliance deal

    The appeal, filed through advocate Harshvardhan Jha, has challenged the single judge's March 18 judgment directing Kishore Biyani-led FRL not to take further action in relation to the deal with Reliance and holding that the group willfully violated the Singapore Arbitrator's order.

  • Future Retail Vs Amazon: Apex Court to hear e-commerce major’s plea in last week of April Mar 18, 2021 05:46 PM IST

    Future Retail Vs Amazon: Apex Court to hear e-commerce major’s plea in last week of April

    The genesis of the ongoing litigation lies in an emergency order of the arbitrator which had ruled in favour of Amazon. On January 25, 2021, the US firm had sought to enforce the emergency order which it had won against the Future Group by preferring an application before a single judge of the Delhi High Court.

  • Reliance Industries lends operational support to Future Retail: Report Mar 10, 2021 09:32 AM IST

    Reliance Industries lends operational support to Future Retail: Report

    Due to the legal battle between Amazon and Future Group, RIL has reportedly extended an internal deadline to complete acquisition of Future's retail assets by six months

  • Future-Amazon Tussle | Women of Big Bazaar appeal to PM Modi to save their livelihoods Mar 08, 2021 04:36 PM IST

    Future-Amazon Tussle | Women of Big Bazaar appeal to PM Modi to save their livelihoods

    The group’s members are convinced that if the contentious Amazon interference in the Future Group-Reliance deal is permitted to proceed, the most severely hit will be these small-town retail women employees.

  • Around 11 lakh people will lose jobs if Future-Reliance deal falls through: FMCG distributors, traders Feb 27, 2021 12:58 PM IST

    Around 11 lakh people will lose jobs if Future-Reliance deal falls through: FMCG distributors, traders

    Amazon and Future Group are locked in a legal dispute over the sale of the Indian company’s retail, logistics and warehousing assets to Reliance Retail Ventures.

  • Insider Trading: SAT stays SEBI's order barring Future Group's Kishore Biyani from markets Feb 16, 2021 10:03 AM IST

    Insider Trading: SAT stays SEBI's order barring Future Group's Kishore Biyani from markets

    The tribunal has however directed Future Group’s promoters to deposit Rs 11 crore as an “interim measure.” The case to be heard next on April 12, 2021.

  • Amazon sought $40 million to let Future-Reliance deal proceed Feb 15, 2021 09:42 AM IST

    Amazon sought $40 million to let Future-Reliance deal proceed

    Amazon, which owns a 49 percent stake in Future Coupons, an unlisted company, has challenged the Future Group-Reliance Retail deal, claiming it did not consent to such a transaction.

  • Reliance-Future Retail deal | Delhi High Court lifts 'Status Quo' order Feb 08, 2021 05:52 PM IST

    Reliance-Future Retail deal | Delhi High Court lifts 'Status Quo' order

    As per the order, Amazon had no reason to seek status quo order, when it wasn’t interested in the deal.

  • Kishore Biyani, Future Corporate Resources move Securities Appellate Tribunal against SEBI market ban Feb 06, 2021 04:08 PM IST

    Kishore Biyani, Future Corporate Resources move Securities Appellate Tribunal against SEBI market ban

    India’s capital market regulator on February 3 barred Future Group CEO Kishore Biyani from accessing the securities market for a year after its investigation revealed insider trading in shares of its retail unit in 2017.

  • SEBI order won't impact deal with Reliance: Future Group Feb 03, 2021 11:02 PM IST

    SEBI order won't impact deal with Reliance: Future Group

    Kishore Biyani, other people and entities involved were also slapped with a penalty of Rs 3.7 crore.

  • Future Group to challenge court order blocking its retail deal in dispute with Amazon Feb 03, 2021 10:56 AM IST

    Future Group to challenge court order blocking its retail deal in dispute with Amazon

    A court had blocked Future Group’s sale of a swathe of assets to rival Reliance Industries on February 2 after Amazon raised objections to the deal.

  • Future-RIL deal | Future Group rejects Delhi High Court proposal for entering into talks with Amazon for amicable resolution Feb 02, 2021 04:17 PM IST

    Future-RIL deal | Future Group rejects Delhi High Court proposal for entering into talks with Amazon for amicable resolution

    Last week, Kishore Biyani said that Amazon’s bid to stall Future Group’s $3.4 billion retail assets sale is similar to Alexander the Great’s “ruthless ambition to scorch the earth."

  • India's Future likens Amazon's bid to stall retail deal to 'ruthless' Alexander the Great Jan 30, 2021 04:36 PM IST

    India's Future likens Amazon's bid to stall retail deal to 'ruthless' Alexander the Great

    Indian stock exchanges this month cleared Future’s deal with Reliance, despite Amazon’s repeated requests to regulators to block the deal.

Sections
ISO 27001 - BSI Assurance Mark