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May 08, 2023 12:30 PM IST Kishore Biyani wanted to learn how Tirupati temple authorities handle the huge influx of devotees and apply those lessons to his own business.
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March 16, 2023 12:26 PM IST Our specially curated package of the most interesting articles of the day will help you stay at the top of your game
- March 15, 2023 08:21 PM IST
Kishore Biyani had submitted his resignation on January 23, amid the ongoing insolvency proceedings.
- January 25, 2023 10:00 PM IST
"The resignation letter of Mr. Kishore Biyani shall be placed before the Committee of Creditors, as per the Insolvency and Bankruptcy Code, 2016 read with rules and regulations framed thereunder," Future Retail said in a regulatory filing.
- September 05, 2022 09:08 AM IST
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
- May 14, 2022 12:32 PM IST
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.
- April 26, 2022 06:18 AM IST
Lenders think a group insolvency process could be the best way forward for banks to maximise debt recovery and reduce legal hurdles.
- March 04, 2022 11:17 AM IST
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
- February 28, 2022 10:37 AM IST
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.
- February 07, 2022 01:02 PM IST
Maheshwari, who quit Twitter in December, did not disclose the size of the round but said he diluted less than 15 percent equity
- February 03, 2022 01:32 PM IST
The top court’s intervention does not mean that the Future-Reliance deal can go through. Instead, it has set the clock back by a few months in this long-drawn legal battle.
- February 01, 2022 02:15 PM IST
Future Retail's lenders told the court that the banks have nothing to do with either Amazon’s interests in Future Retail’s business or with the asset sale deal between Future Retail and Reliance
- February 01, 2022 11:35 AM IST
The Kishore Biyani-led group had challenged orders of the Delhi High Court passed in February 2021 that directed for the enforcement of the emergency award and came down heavily on Biyani.
- November 23, 2021 12:02 PM IST
Directing both Amazon and Future group to file a smaller number of documents, the court adjourned the hearing to December 8.
- May 20, 2021 03:49 PM IST
RIL’s counsel Janak Dwarkadas told the Mumbai bench of the tribunal that Reliance and its entities are neither parties to the proceedings between Amazon and Future in the SIAC nor to the matter that is being heard in the Supreme Court. Reliance, therefore, the counsel argued, should be allowed to call a shareholder meeting to consider the deal with FRL.
- April 21, 2021 08:43 PM IST
Under 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.
- April 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.
- March 18, 2021 10:47 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.
- March 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.
- February 16, 2021 10:30 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.
- February 09, 2021 07:35 AM IST
As per the order, Amazon had no reason to seek status quo order, when it wasn’t interested in the deal.
- February 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.
- February 04, 2021 08:00 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.
- February 04, 2021 12:47 PM 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.
- February 04, 2021 09:30 AM IST
Kishore Biyani, other people and entities involved were also slapped with a penalty of Rs 3.7 crore.
