May 14, 2022 12:30 PM ISTString 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.
Apr 25, 2022 05:13 PM IST Lenders think a group insolvency process could be the best way forward for banks to maximise debt recovery and reduce legal hurdles.
Mar 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
Feb 28, 2022 09:47 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.
Feb 07, 2022 11:56 AM IST Maheshwari, who quit Twitter in December, did not disclose the size of the round but said he diluted less than 15 percent equity
Feb 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.
Feb 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
Feb 01, 2022 11:02 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.
Nov 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.
Apr 21, 2021 07:21 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.
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.
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