Future Group stocks were locked in their respective lower circuit bands, triggering bearish moves in the counters
The apex court allowed the appeal filed by Amazon against a Delhi High Court order staying attachment of properties of Future Group companies
The Supreme Court Thursday reserved verdict on the pleas of e-commerce giant Amazon against the Rs 24,713 crore deal for merger of Future Retail Ltd (FRL) with Reliance Retail
In the letter dated June 4, CCI said Amazon hid factual aspects of the transaction by not revealing its strategic interest in Future Retail when it sought approval for the 2019 deal
Singapore's Emergency Arbitrator (EA) award is valid and needs to be executed, Amazon on Tuesday told the Supreme Court
Here are the top headlines of the day
Among individual stocks, a total of 140 of the BSE500 stocks have given negative return so far in CY2021
The rating agency might look at an upgrade after liquidity review
Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat
The e-commerce major had moved the apex court last week challenging an order dated March 22 passed by a division Bench of the Delhi HC
A Bench headed by Justice Rohinton F Nariman said the matter will be finally decided by the apex court. The matter will be heard on May 4
Interest accrued between March 1, 2020, and September 30, 2020, will be converted into Funded Interest Term Loan, payable by December 2021
The restructuring would be according to the Reserve Bank of India's circular for companies under stress due to the Coronavirus pandemic.
Lenders of the debt-ridden Future Retail Ltd have approved a plan to restructure the existing financial debt of the company under an RBI announced resolution framework for Covid-19 related stress
Fitch Ratings has affirmed Future Retail Ltd's (FRL's) issuer default rating at 'C' and the rating on its USD500 million 5.6 per cent senior secured notes due 2025 at 'C'
Future Retail says it got communication from Amazon that it has filed Special Leave Petition before Supreme Court
Popular online grocery service BigBasket, in which India's Tata Group is seeking to acquire a majority stake, and Amazon both offer quick online deliveries in India.
Business Standard brings you stories that made the headlines Monday: a court order on Amazon's legal fight against Future Retail to Maruti raising car prices in April.
The Delhi High Court stayed a single judge's order restraining Future Retail from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by Amazon
Future Retail (Rs 55.85), Future Lifestyle Fashions (Rs 64.85), Future Enterprises (Rs 8.60), and Future Consumer (Rs 6.42) were locked in 10 per cent lower circuit