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  • 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.

  • Future Group lenders plan to drag sister companies to bankruptcy court, seek maximum debt recovery Apr 25, 2022 05:13 PM IST

    Future Group lenders plan to drag sister companies to bankruptcy court, seek maximum debt recovery

    Lenders think a group insolvency process could be the best way forward for banks to maximise debt recovery and reduce legal hurdles.

  • Founder’s curse: The fatal flaw that has undone many an entrepreneurial journey Mar 04, 2022 11:17 AM IST

    Founder’s curse: The fatal flaw that has undone many an entrepreneurial journey

    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

  • 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.

  • Former Twitter India boss Maheshwari's Invact Metaversity raises fund from Kishore Biyani, Kirthiga Reddy, others Feb 07, 2022 11:56 AM IST

    Former Twitter India boss Maheshwari's Invact Metaversity raises fund from Kishore Biyani, Kirthiga Reddy, others

    Maheshwari, who quit Twitter in December, did not disclose the size of the round but said he diluted less than 15 percent equity

  • Future-Amazon: Why the Supreme Court set aside Delhi HC orders Feb 03, 2022 01:32 PM IST

    Future-Amazon: Why the Supreme Court set aside Delhi HC orders

    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.

  • Supreme Court seeks response from banks on Future Retail plea against NPA tag Feb 01, 2022 02:15 PM IST

    Supreme Court seeks response from banks on Future Retail plea against NPA tag

    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

  • Future-Amazon: Supreme Court sets aside Delhi HC order on emergency award Feb 01, 2022 11:02 AM IST

    Future-Amazon: Supreme Court sets aside Delhi HC order on emergency award

    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.

  • Amazon-Future group case: SC defers hearing due to bulky documents Nov 23, 2021 12:02 PM IST

    Amazon-Future group case: SC defers hearing due to bulky documents

    Directing both Amazon and Future group to file a smaller number of documents, the court adjourned the hearing to December 8.

  • Reliance Retail seeks NCLT nod for shareholder meeting to approve Future Retail deal May 20, 2021 03:49 PM IST

    Reliance Retail seeks NCLT nod for shareholder meeting to approve Future Retail deal

    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.

  • KV Kamath committee clears Future Retail, Future Enterprises debt recast plans Apr 21, 2021 07:21 PM IST

    KV Kamath committee clears Future Retail, Future Enterprises debt recast plans

    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.

  • '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 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Insider Trading: SEBI order banning Kishore Biyani from securities market, explained Feb 04, 2021 11:28 AM IST

    Insider Trading: SEBI order banning Kishore Biyani from securities market, explained

    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.

  • 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.

  • 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.

  • Read the full text of Kishore Biyani’s letter to Future employees on Amazon’s attempts to block RIL deal Jan 30, 2021 08:24 PM IST

    Read the full text of Kishore Biyani’s letter to Future employees on Amazon’s attempts to block RIL deal

    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.

  • 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.

  • Amazon vs Future Retail | Amazon is going all out to create ruckus: Kishore Biyani Jan 29, 2021 10:40 PM IST

    Amazon vs Future Retail | Amazon is going all out to create ruckus: Kishore Biyani

    Kishore Biyani, while referring to the Amazon-Future Retail deal, said this was a corporate battle being fought for supremacy over Indian customers.

  • Amazon vs Future Retail | Restraining of FRL-Reliance Retail deal may lead to job losses: Harish Salve Jan 29, 2021 10:30 PM IST

    Amazon vs Future Retail | Restraining of FRL-Reliance Retail deal may lead to job losses: Harish Salve

    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.

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