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Apr 21, 2021 07:21 PM ISTUnder the new plans, the repayment of loans will be extended up to two years, while the unpaid interest to be converted into a funded interest term loan. The penal charges will too be waived off under the recast plan.
Apr 05, 2021 11:15 AM IST "COVID or not, the show must go on. Ultimately, it's about doing business," Kishore Biyani, CEO of Future Group, said.
Mar 18, 2021 05:46 PM IST 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.
Mar 08, 2021 04:36 PM IST 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.
Feb 16, 2021 10:03 AM IST 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.
Feb 08, 2021 05:52 PM IST As per the order, Amazon had no reason to seek status quo order, when it wasn’t interested in the deal.
Feb 06, 2021 04:08 PM IST 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.
Feb 04, 2021 07:59 PM IST 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.
Feb 04, 2021 11:28 AM IST What were the wrongdoings that the investigation by India’s capital market regulator revealed and how did it establish the alleged charges against Kishore Biyani and Future Group entities? The big questions answered below.
Feb 03, 2021 11:02 PM IST Kishore Biyani, other people and entities involved were also slapped with a penalty of Rs 3.7 crore.
Feb 03, 2021 06:46 PM IST 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.
Jan 30, 2021 08:24 PM IST Amazon.com Inc’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”, the Indian group’s CEO Kishore Biyani said on January 30.
Jan 30, 2021 04:36 PM IST Indian stock exchanges this month cleared Future’s deal with Reliance, despite Amazon’s repeated requests to regulators to block the deal.
Jan 29, 2021 10:40 PM IST Kishore Biyani, while referring to the Amazon-Future Retail deal, said this was a corporate battle being fought for supremacy over Indian customers.
Jan 29, 2021 10:30 PM IST Referring to the agreement between Future Coupons Private Limited (FCPL) and Amazon, eminent lawyer Harish Salve argued that the real intention of Amazon - as it shows - was to blow smoke in the eyes of the Indian authorities.
Jan 20, 2021 10:37 PM IST The SEBI, in its letter issued on January 20 which approved the deal, listed a number of conditions in accordance to the Composite Scheme of Arrangement.
Jan 04, 2021 05:38 PM IST Amazon is also not a party to the Future Retail shareholders agreement and its conduct is smacks of mala fide, with an intent to obstruct the merger with RIL, says the letter.
Jan 04, 2021 08:58 AM IST Even after reaching out to Amazon eight times, the ecommerce giant did not provide any help, Future Group CEO Kishore Biyani said.
Nov 16, 2020 04:40 PM IST Amazon's investment exposure is limited to Rs 1,431 crore in Future Coupons Ltd (FCL) alone
Nov 07, 2020 08:50 PM IST 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
Nov 02, 2020 07:39 PM IST 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.
Oct 28, 2020 01:30 PM IST The conflict is over reports suggesting a Singapore arbitration panel order has been seen by some, even as it has still not been released in the public domain.
Oct 25, 2020 10:44 PM IST Amazon believes Future Group violated the contract by entering into the deal with rival Reliance. The deal would have helped Reliance almost double its footprint as India's largest retailer.
Oct 17, 2020 01:29 PM IST In August this year, billionaire Mukesh Ambani's Reliance Industries announced acquisition of retail and wholesale business and the logistics and warehousing business from the Future Group as going concerns on a slump sale basis for Rs 24,713 crore.
Aug 31, 2020 03:33 PM IST Flipkart founder Sachin Bansal founded Navi Technologies (formerly BAC Acquisitions) after his exit from the e-commerce major
