Page 19 - Future Retail

Retailers, mall owners now willing to resolve differences over rentals

Malls will reopen on June 8 in most parts of the country barring Mumbai, where the state government has decided against it for now.

Future Retail to raise up to Rs 650 crore via NCDs to refinance debt

The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements

Top headlines: Google faces antitrust case in India, Ola buys Dutch firm

Business Standard brings to you the top headlines of the day

Lockdown 4.0: Stand-off between retailers and malls over rentals worsens

At the heart of the matter are revenue-share rental agreements that retailers are mooting over fixed-rent contracts that they say are unsustainable

Top headlines: Service activity falls in Apr, fuel excise hike to help govt

Business Standard brings to you a snapshot of events which made it to the headlines today

Top 10 biz headlines: IT firms on cost-cutting, PE players' post-Covid plan

Here are top 10 business headlines on Wednesday

Banks scout buyers for Future Retail stake after Biyani's loan default

According to a banker close to the development, the lenders have approached India's top retail players to evaluate the possibility of a merger

S&P lowers Future Retail's issuer credit rating from 'B-' to 'CCC-'

Operating cash-flows to stay weak for two months

Retailers want govt to allow sale of non-essentials amid Covid-19 lockdown

Extend relaxations given to manufacturing units in green zones to retail sector, say industry players

Future Retail hits over 3-year low; stock tanks 46% in four days

The management said the significant movement of price of the equity shares of the Company during recent past is due to unprecedented fall across the global markets including India

Future Retail Q3 profit slumps 17% to Rs 165 cr, total income falls 3%

Total income fell 3.07 per cent to Rs 5,208.89 crore during the quarter under review from Rs 5,374.12 crore in the corresponding quarter last year.

Top Headlines: Amazon to invest $1 bn in Indian SMBs, Airtel $3-bn QIP plan

Bharti Airtel has announced allotment of 323.5 mn equity shares to eligible institutional buyers at an issue price of Rs 445 per share as part of $2 billion QIP

Future Retail raises $500 million through dollar-denominated bonds

Proceeds from the offering will be utilised to purchase store assets from Future Enterprises Ltd

Future Group's 'Sabse Saste Din' sale on Republic Day to be live on Amazon

The company's 'Sabse Saste Din' sales are held around Republic Day and Independence Day holidays

Amazon-Future Retail deal: How the tie-up benefits both the firms

Future Retail has entered into a long-term agreement with Amazon India, which will help expand the reach of the former's retail outlets

Amazon India inks two long-term agreements with Future Retail, FCL

The development comes after Amazon had agreed to buy 49% stake in Future Coupons Ltd

After board's nod, Amazon-backed Future Coupons to own 7.5% of retail arm

Retailing arm expected to net about Rs 2,000 cr from deal

Future Retail board okays raising funds up to $500 mn to acquire new assets

The board, at its meeting held on Saturday, also approved "the allotment of total 396,03,960 equity warrants at a price of Rs 505 per warrant to Future Coupons Private Limited

Brickwork lowers outlook for Future Retail's proposed NCDs to negative

The rating agency has also reaffirmed rating for the company's proposed commercial paper at BWR A1+

7-Eleven tweaks convenience store format for India roll-out next year

Experts say the emphasis on eating out at 7-Eleven in India is linked in part to curbs on foreign direct investment in multi-brand retail in the country