Page 6 - Future Retail

FRL-Reliance merger: SC defers hearing on Amazon's plea for 10 days

A bench headed by Chief Justice N V Ramana took note of the submissions of senior advocate Gopal Subramanium, appearing for Amazon, that there be no order from the Delhi High Court

Amazon may file criminal case against Future over store transfers: Report

Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition

Reliance to take over operations of 250 more Future Retail stores: Report

Reliance's move assumes significance as it follows failed efforts since 2020 to close a $3.4-bn deal to acquire the retail assets of Future

Future Group firms' stock jumps as Reliance plans retail stores' takeover

Shares of Future Supply Chain Solutions, Future Retail, Future Lifestyle Fashions, Future Consumer and Future Enterprises rose between 7% and 16%

Stocks to Watch: Aurobindo, Sun Pharma, Future Retail, Vedanta, Voda Idea

Shares of Adani Power are likely to be in focus as the company received a favourable verdict from the Supreme Court against power discoms in Rajasthan.

Future Retail shuts Big Bazaar as Reliance Industries plans takeover

Reliance to rebrand and open majority of 200 stores in next 7 days

Future Retail suspends supermarket operations as Reliance plans takeover

Future Retail Ltd suspended most of its online and offline operations as stores remained shut on Sunday, after rival Reliance bid to take over its flagship supermarkets

Reliance takes over operations of 200 Future Group's stores

Reliance Industries is in the process of transferring 30,000 Future Group employees to its staffing and manpower firm

Scaling down ops to cut losses, says FRL as Reliance takes over its stores

Future Retail on Saturday said long-stop date for deal with Reliance has been extended to September 30, 2022

Reliance to take over 200 Future stores' operations amid Amazon row: Report

The takeover of stores by Reliance signals Future's worsening financial situation as its retail assets sale remains blocked due to legal battles

Reliance takes control of Future Retail stores, offers jobs to employees

Reliance Retail has reportedly started to take possession of the premises in which Future Retail is operating its stores such as Big Bazaar and replaced them with its brand stores

CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT

The e-commerce major made the submission before the National Company Law Appellate Tribunal (NCLAT), which is hearing its plea against the decision of the Competition Commission of India (CCI)

Future Retail pays $14 million interest on USD notes in grace period

Debt-ridden Future Retail has made a payment of $14 million for interest due on the dollar-denominated notes (USD Notes) listed on the Singapore Stock Exchange after missing the due date last month.

Lenders allow Biyani's Future Retail to pay interest on foreign bonds

For many restructured loan accounts like FRL, banks are in control of fund movement and there is continuous assessment of financial position

Future Retail seeks lenders' nod to pay foreign bonds' dues

Future Retail has approached lenders with a plea to allow it to make interest payments of about $ 14 mn on the foreign currency denominated bonds

Supreme Court asks Future Retail to move Delhi HC on NCLT proceedings

Directs HC to give orders uninfluenced by SC observations

SC allows Future Retail to move HC to seek resumption of NCLT proceedings

Senior advocate Harish Salve, representing Future Retail, argued that the proceedings before the NCLT have reached the stage listed at serial no 8 (meeting of the shareholders and creditors)

Future Retail's net loss widens by 26% to Rs 1,063 cr in December quarter

However, the Kishore Biyani-led retail company saw its revenue from operations increase by 87 per cent to Rs 2,816 crore in the December quarter

Future Retail's Q3 net loss widens to Rs 1,063.4 cr; revenue up 86.8%

Future Retail Ltd (FRL) on Monday reported the widening of its consolidated net loss to Rs 1,063.36 crore for the third quarter ended on December 31, 2021.

SC denies nod to Amazon to file written note in case filed by Future Retail

The bench rejected the submissions saying that the argument seemed to be that the oral submissions have to be given in writing as well