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  • Singapore panel rejects Future plea to terminate arbitration proceedings with Amazon Jun 29, 2022 10:52 AM IST

    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.

  • NCLT reserves order on initiating insolvency proceedings against Future Retail Jun 27, 2022 04:33 PM IST

    NCLT reserves order on initiating insolvency proceedings against Future Retail

    A consortium of lenders, led by Bank of India, filed the insolvency application on April 14, seeking claims of Rs 5,322.32 crore from Future Retail as of March 31

  • Bank of India says Future Retail’s insolvency petition “fully and wholly” satisfies parameters Jun 22, 2022 05:21 PM IST

    Bank of India says Future Retail’s insolvency petition “fully and wholly” satisfies parameters

    Bank of India on April 14 filed insolvency proceedings against Future Retail for non-payment of dues. Future Retail owes banks Rs 5,322.32 crore as of March 31, according to Bank of India’s petition in the NCLT.

  • Future Retail says not wilful defaulter, resists insolvency plea by Bank of India Jun 21, 2022 05:36 PM IST

    Future Retail says not wilful defaulter, resists insolvency plea by Bank of India

    Future Retail’s counsel also alleged that there was a refusal on part of banks to take control of assets, in order to reduce, if not extinguish, the debt that was owed.

  • Bank of India’s insolvency petition against Future Retail ‘malicious,’ says Amazon Jun 20, 2022 05:52 PM IST

    Bank of India’s insolvency petition against Future Retail ‘malicious,’ says Amazon

    Bank of India on April 14 filed insolvency proceedings against Future Retail for non-payment of dues. Future Retail owes banks Rs 5,322.32 crore as of March 31, according to Bank of India’s petition in the NCLT. Lenders to the company include Union Bank of India, State Bank of India, Bank of Baroda and IDBI Bank.

  • NCLT to hear Amazon’s petition not to initiate IBC proceedings against Future Retail Jun 06, 2022 05:03 PM IST

    NCLT to hear Amazon’s petition not to initiate IBC proceedings against Future Retail

    This is the third time that the court delayed admission of insolvency proceedings against the debt-laden retailer. The case is adjourned for June 10.

  • 'Demon preaching vedas': Future Retail independent directors on Amazon claim May 30, 2022 05:22 PM IST

    'Demon preaching vedas': Future Retail independent directors on Amazon claim

    The independent directors also alleged that Amazon was attempting to acquire key assets of FRL on the cheap for Rs 7,000 crore through Samara.

  • Amazon preaching governance is akin to demon preaching vedas: Future Retail’s independent directors May 30, 2022 02:47 PM IST

    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.

  • Future Retail's Chief Financial Officer C P Toshniwal resigns May 14, 2022 12:30 PM IST

    Future Retail's Chief Financial Officer C P Toshniwal resigns

    String of resignations started after the Rs 24,713-crore deal was called off last month by the billionaire Mukesh Ambani-led Reliance Industries after creditors voted against it.

  • NCLT delays admission of insolvency proceedings against Future Retail May 12, 2022 06:17 PM IST

    NCLT delays admission of insolvency proceedings against Future Retail

    This is the second time that the court delayed admission of insolvency proceedings against the debt-laden retailer. The court will now hear the case next on June 6.

  • NCLT to hear Bank of India’s plea to admit Future Retail under insolvency on May 12 Apr 28, 2022 04:27 PM IST

    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 Retail’s IBC process may not lead to deep haircut for banks Apr 15, 2022 02:28 PM IST

    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.

  • Bank of India takes Future Retail To NCLT over non-payment of dues Apr 14, 2022 08:02 PM IST

    Bank of India takes Future Retail To NCLT over non-payment of dues

    Future Group is locked in a legal dispute with U.S.-retailer Amazon over its plan to sell its retail, wholesale, warehousing and logistics business to Reliance Industries in $3.4 billion deal.

  • Movers & Shakers: 10 stocks that moved the most last week Apr 10, 2022 11:37 AM IST

    Movers & Shakers: 10 stocks that moved the most last week

    The holiday-shortened week is likely to be action-packed with the beginning of earnings season, inflation and industrial output data, and Ukraine-Russia crisis expected to keep markets volatile. Stock-specific opportunities may arise from the earnings season.

  • Amazon has destroyed us, Future Retails tells Supreme Court Apr 01, 2022 02:11 PM IST

    Amazon has destroyed us, Future Retails tells Supreme Court

    The apex court was hearing Amazon's plea seeking to restrain Future Retail from alienating its retail assets until the arbitration between the US-based e-commerce giant and the Future group concludes

  • Future Retail CEO Sadashiv Nayak resigns amid legal battle, debt recovery Mar 31, 2022 08:58 PM IST

    Future Retail CEO Sadashiv Nayak resigns amid legal battle, debt recovery

    Nayak has been with Future Group for around 18 years and had been appointed chief executive in late August. He previously headed Big Bazaar, Future's chain of small and large format grocery stores.

  • After talks with India's Future Retail fail, Amazon goes on the attack in newspaper ads Mar 15, 2022 02:46 PM IST

    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.

  • The shops are gone: How Reliance stunned Amazon in battle for India's Future Retail Mar 06, 2022 05:35 PM IST

    The shops are gone: How Reliance stunned Amazon in battle for India's Future Retail

    Reliance Industries, India's biggest conglomerate run by Mukesh Ambani, the country's richest man, presses ahead with a shock de facto takeover of prized retail real estate that Amazon.com Inc has been keen to take part-ownership of.

  • Amazon proposes talks with Future to end legal battles, SC defers hearing Mar 03, 2022 01:23 PM IST

    Amazon proposes talks with Future to end legal battles, SC defers hearing

    Tells Supreme Court it will not initiate criminal proceedings against Future as reported by the media.

  • Reliance Industries in focus on takeover of Future’s retail business Feb 28, 2022 09:47 AM IST

    Reliance Industries in focus on takeover of Future’s retail business

    Elara Capital upgraded RIL to buy from accumulate on revived refining margin, Petchem demand above pre-Covid level, Retail revival to pre-Covid level, Jio’s ARPU growth prospects and new energy investment visibility.

  • Reliance takes charge of Future Feb 26, 2022 04:57 PM IST

    Reliance takes charge of Future

    Reliance offers jobs to Future Retail employees; bails out lenders and landlords

  • Future Retail Consolidated December 2021 Net Sales at Rs 2,815.68 crore, up 86.86% Y-o-Y Feb 18, 2022 10:25 AM IST

    Future Retail Consolidated December 2021 Net Sales at Rs 2,815.68 crore, up 86.86% Y-o-Y

  • Future Retail Consolidated December 2021 Net Sales at Rs 2,815.68 crore, up 86.86% Y-o-Y Feb 17, 2022 12:00 PM IST

    Future Retail Consolidated December 2021 Net Sales at Rs 2,815.68 crore, up 86.86% Y-o-Y

  • Future Retail Consolidated December 2021 Net Sales at Rs 2,815.68 crore, up 86.86% Y-o-Y Feb 16, 2022 09:20 AM IST

    Future Retail Consolidated December 2021 Net Sales at Rs 2,815.68 crore, up 86.86% Y-o-Y

  • Future Retail Standalone December 2021 Net Sales at Rs 2,786.40 crore, up 87.47% Y-o-Y Feb 15, 2022 11:26 AM IST

    Future Retail Standalone December 2021 Net Sales at Rs 2,786.40 crore, up 87.47% Y-o-Y

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