Page 7 - Future Group

Market wrap: Sensex rallies 367 pts, ends above 60,000; Nifty holds 17,900

Thermax surges 7% on Rs 546-cr order; Talbros Automotive zooms 27% in 2 days as Vijay Kedia increases stake; Future Retail falls 6% as Delhi High Court rejects plea to dismiss Amazon arbitration

Delhi HC puts on hold arbitration proceedings between Amazon and Future

Division bench of Delhi HC stays proceedings of arbitral tribunal till next date of hearing; also stays order of the single judge of Delhi HC.

Top headlines: Delhi HC relief for Future; NCLAT setback for Twin Star

Business Standard brings you the top headlines on Wednesday

Future Group shares fall after court decision on Amazon arbitration appeal

Shares in Future Group companies fell on Wednesday, a day after an Indian court dismissed Future Retail's appeal to declare arbitration proceedings with Amazon.com Inc as illegal.

Setback for Future as Delhi HC rejects pleas to quash Amazon arbitration

Dismisses its plea seeking a direction to SIAC to decide on its application

Top headlines: HC setback for Future Group; 5,481 new Covid cases in Delhi

Business Standard brings you the top headlines on Tuesday

Delhi HC rejects Future's plea for termination of Amazon arbitration

Amazon and Future have been locked in a bitter legal tussle after the US e-commerce giant dragged Future Group to arbitration at the Singapore International Arbitration Centre in Oct 2020

Future in Delhi High Court to get Amazon arbitration case aborted

Delhi HC will pass order today

Amazon sues ED seeking to quash probe of 2019 investment into Future Group

Amazon moves Delhi HC, objects to ED asking for disclosure of legally privileged documents. Multiple Amazon executives had been summoned and the probe has caused 'unnecessary harassment', it says

Sensex sheds 1,190pts, Nifty ends near 16,600; financials, Tata Steel tank

The NSE index has now declined nearly 11 per cent from its all-time in the last two months; Midcap and Smallcap indices were down over 3 per cent each

Sellers welcome CCI's suspension of 2019 Amazon-Future deal

Indian Sellers Collective (ISC) on Monday welcomed the Competition Commission of India's (CCI) order to suspend its approval for Amazon's deal with the Future Group signed in 2019, while seeking speedy resolution of pending cases against the multinational e-commerce platform and related parties. ISC, which claims to be an umbrella body bringing together trade associations and representative bodies of Indian sellers across the country, said the CCI's reversal "validates the double standards being practiced by foreign retailers". It exposed "how Amazon has been operating with double standards posing as a transaction platform while acting as a retailer in reality with the intent to control the country's retail market, it urges regulators to expedite all other pending cases against the company and its related parties", ISC said in a statement. ISC Member & National Coordinator Abhay Raj Mishra said CCI's reversal of order "reposes the faith in regulators against malpractices". "The ..

Future Group stocks rally 20% after CCI suspends Amazon deal

Future Retail (Rs 57.50) and Future Supply Chain Solutions (Rs 80.75), Future Lifestyle Fashions (Rs 59.20), Future Enterprises (Rs 11.61) and Future Consumer (Rs 8.19) rallied 20% on the BSE

CCI suspends Amazon deal with Future, fines US giant Rs 200 crore

Says Amazon made false and incorrect statements while seeking approvals

CCI suspends Amazon's 2019 deal with Future, imposes Rs 202-cr penalty

CCI says Amazon provided 'false and incorrect information' and said it suppressed 'material facts' of 2019 Future deal; asks Amazon to again file detailed Form II within a period of 60 days

Revoking 2019 Future deal would boost Reliance: Amazon warns CCI

Amazon says sentiment will be hit if its 2019 deal with Future gets revoked by the anti-trust body and would send a negative signal to foreign investors

Generali eyes bigger stake in India businesses as Future seeks exit: Report

Generali "wants to have a majority which could be a 74% stake but also (could be) slightly less. Future wants to completely exit the businesses," said one of the sources.

Amazon-Future case: SC to hear Future Group's plea on Jan 11

The court again expressed displeasure on Wednesday over the written notes submitted by Future Group

SC gives two more weeks to CCI to decide complaint on Amazon-Future deal

Three-judge bench gives direction in Amazon's SLP against Delhi High Court order directing CCI to take a decision on show cause notice issued by it to Amazon in 10 days

Amazon asks India antitrust body to revoke Reliance-Future deal approval

The approval for the deal was a "nullity in the eyes of law" as an arbitrator's order was still in force, according to the letter sent by Amazon.com Inc to the CCI

Future Retail guilty of financial irregularities, says Amazon

Amazon is fighting a legal battle with FRL to stop the Kishore Biyani-led retailer's $3.4 billion deal with Reliance Industries Limited (RIL)