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  • Amazon vs Future | SC allows NCLT to continue proceedings but restrains from passing final order Feb 22, 2021 01:07 PM IST

    Amazon vs Future | SC allows NCLT to continue proceedings but restrains from passing final order

    The apex court has allowed NCLT proceedings, provided the tribunal does not sanction final orders

  • Future Retail Standalone December 2020 Net Sales at Rs 1,486.30 crore, down 71.03% Y-o-Y Feb 09, 2021 10:44 PM IST

    Future Retail Standalone December 2020 Net Sales at Rs 1,486.30 crore, down 71.03% Y-o-Y

  • Future Retail shares jump 8% after Delhi HC lifts 'Status Quo' order of RIL deal Feb 09, 2021 09:46 AM IST

    Future Retail shares jump 8% after Delhi HC lifts 'Status Quo' order of RIL deal

    As per the order issued by the court, Amazon had no reason to seek a 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.

  • Amazon opposing deal as Reliance is competitor: Future Retail to Delhi HC Feb 04, 2021 07:59 PM IST

    Amazon opposing deal as Reliance is competitor: Future Retail to Delhi HC

    FRL contended before a bench of Chief Justice D N Patel and Justice Jyoti Singh that Amazon was not concerned if the deal falls through then all the shops of the Indian company would be closed down and it’s more than 25,000 employees would be without any livelihood.

  • Future Group stocks plunge as SEBI bans CEO from securities market, imposes fine Feb 04, 2021 09:47 AM IST

    Future Group stocks plunge as SEBI bans CEO from securities market, imposes fine

    SEBI also imposed a penalty of Rs 3.7 crore on Biyani, four others, and related entities.

  • SEBI bans Future CEO Kishore Biyani from securities market in insider trading case Feb 03, 2021 06:46 PM IST

    SEBI bans Future CEO Kishore Biyani from securities market in insider trading case

    Kishore Biyani, three others and a few related entities cannot buy, sell or deal in securities of Future Retail Ltd for two years, ruled capital market regulator based on an insider trading case in 2017.

  • Future Retail-Amazon case: Delhi HC says FRL-Reliance deal in accordance with laws, but can't stop Amazon from writing to regulators Dec 21, 2020 11:30 AM IST

    Future Retail-Amazon case: Delhi HC says FRL-Reliance deal in accordance with laws, but can't stop Amazon from writing to regulators

    The Delhi HC said Amazon interfering in the Future Retail-RIL transaction would cause loss to both the parties which would be a civil wrong.

  • E-commerce firms monopolising market by violating FDI policy: CAIT to PM Narendra Modi Nov 29, 2020 10:46 PM IST

    E-commerce firms monopolising market by violating FDI policy: CAIT to PM Narendra Modi

    CAIT in its letter to Prime Minister Narendra Modi said the absence of concrete action against big e-commerce companies like Amazon, Flipkart has led to a roadblock for small businesses to run their operations online

  • Amazon has no right to control any voting in FRL, its representations are false: Harish Salve tells Delhi High Court Nov 20, 2020 06:46 PM IST

    Amazon has no right to control any voting in FRL, its representations are false: Harish Salve tells Delhi High Court

    Delhi High Court reserves order; asks parties to the suit to file written submissions by Monday

  • CCI approves Future Group-Reliance Retail deal in a setback to Amazon Nov 20, 2020 06:21 PM IST

    CCI approves Future Group-Reliance Retail deal in a setback to Amazon

    Earlier in August, Mukesh Ambani-led Reliance Industries Ltd had announced the acquisition of retail businesses of Kishore Biyani's Future Group for Rs 24,713 crore

  • Amazon not entitled to object, cannot control FRL board: Harish Salve tells Delhi High Court Nov 19, 2020 01:59 PM IST

    Amazon not entitled to object, cannot control FRL board: Harish Salve tells Delhi High Court

    As per the Companies Act 2013, entities with less than 10 percent shareholding cannot object to schemes of arrangement

  • Amazon not shareholder, has no say in company affairs: Future Retail tells Delhi HC Nov 13, 2020 12:57 PM IST

    Amazon not shareholder, has no say in company affairs: Future Retail tells Delhi HC

    The Future Group and Amazon have been locked in a battle after the US-based company took Future Retail into an emergency arbitration over alleged breach of contract.

  • Amazon deliberately mischaracterised Future Retail suit to confuse court: Harish Salve Nov 13, 2020 07:34 AM IST

    Amazon deliberately mischaracterised Future Retail suit to confuse court: Harish Salve

    On the FPI/FDI policy meaning for Amazon, senior advocate Harish Salve argued that Amazon chose not to do its investment through the FPI/FDI route.

  • Sebi may rebuff Amazon on Future-Reliance deal Nov 12, 2020 06:18 PM IST

    Sebi may rebuff Amazon on Future-Reliance deal

    The regulator is unlikely to pay heed to Singapore arbitrator’s interim ruling holding up the deal between Indian companies,

  • Future Group vs Amazon: Kishore Biyani-led Future Retail moves Delhi High Court Nov 07, 2020 08:50 PM IST

    Future Group vs Amazon: Kishore Biyani-led Future Retail moves Delhi High Court

    Future Retail said the interim order is passed by the SIAC in an arbitration proceeding initiated by Amazon inter-alia against the company under an agreement, wherein the company is not a party to the agreement

  • Future Retail shareholder Beruz Feramorz Pouredehi punctures Amazon's appeals to Indian regulators Nov 02, 2020 10:46 PM IST

    Future Retail shareholder Beruz Feramorz Pouredehi punctures Amazon's appeals to Indian regulators

    The shareholder wrote that from public disclosures, it is apparent that in December 2019, Amazon USA had invested about Rs 1,500 crore in Future Coupons Private Limited (FCL), a promoter company of FRL, to acquire 49 percent equity stake.

  • 10 things we learned about Future Retail’s POV in its M&A spat with Amazon Nov 02, 2020 07:39 PM IST

    10 things we learned about Future Retail’s POV in its M&A spat with Amazon

    All the vital questions about the Kishore Biyani-led Future’s rebuttal on the impact of the emergency arbitrator’s order, the contentions of Amazon and the road ahead answered.

  • Arbitration order against deal with RIL 'not binding', will resist any enforcement: Future Retail Nov 02, 2020 01:09 PM IST

    Arbitration order against deal with RIL 'not binding', will resist any enforcement: Future Retail

    Future Retail Ltd (FRL), in a regulatory filing, noted that as an alternative to its claim and injunctive reliefs against the scheme, Amazon has sought Rs 1,431 crore damages along with interest, the amount invested by the US e-commerce major into Future Coupons Pvt Ltd (FCPL).

  • In Bezos vs Ambani battle, focus on disclosures by Amazon Oct 27, 2020 02:54 PM IST

    In Bezos vs Ambani battle, focus on disclosures by Amazon

    In the Jeff Bezos vs Mukesh Ambani battle for the Indian retail market, which is now also evolving into a 'videshi vs swadeshi' battle, questions are being raised by corporate watchers.

  • Future Retail shares tank 5% on Q1 loss of Rs 562 crore Sep 15, 2020 12:12 PM IST

    Future Retail shares tank 5% on Q1 loss of Rs 562 crore

    In Q1FY21, the company incurred a net loss of Rs 561.95 crore against a profit of Rs 159.24 crore in the corresponding quarter a year ago.

  • Trade Spotlight: ICICI Bank, Sun Pharma, and Future Retail in focus Sep 01, 2020 08:21 AM IST

    Trade Spotlight: ICICI Bank, Sun Pharma, and Future Retail in focus

    ICICI Bank fell more than 3 percent, Sun Pharma plunged more than 6 percent, and Future Retail was up 20 percent.

  • Integrated Core Strategies acquires 0.69% stake in Bharti Airtel, DSP MF buys 1.2% in Sheela Foam Aug 31, 2020 08:53 PM IST

    Integrated Core Strategies acquires 0.69% stake in Bharti Airtel, DSP MF buys 1.2% in Sheela Foam

    Bharti Airtel's share price fell nearly 2 percent on August 31 following a correction in the overall market on escalation in India-China border tensions

  • Future Group stock shares surge after RIL buys firm's retail business Aug 31, 2020 09:47 AM IST

    Future Group stock shares surge after RIL buys firm's retail business

    The deal was crucial for Biyani-led Future Group which came under immense pressure from the lenders' consortium led by SBI to address its rising debt which stood at Rs 12,778 crore as of September 2019.

  • RIL doubles wealth since March; brokerages see further upside post Future Retail deal Aug 31, 2020 09:42 AM IST

    RIL doubles wealth since March; brokerages see further upside post Future Retail deal

    Share of Reliance Industries has more than doubled from the March lows and has risen more than 40 percent so far in the year 2020.

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