Page 8 - Future Retail

Willing to accept Amazon's proposal, but under certain conditions: FRL

Future Retail is required to pay its lenders Rs 3,500 crore by January 29, 2022 and it has asked Amazon to confirm its willingness to pay the amount by Monday

Covid LIVE: Karnataka sees record 48,049 new cases; 10,756 in Delhi

Of the new cases today, 29,068 were from Bengaluru Urban that saw 7,196 people being discharged and 6 virus-related deaths

Future Retail 'not in position' to make $471 mn payment as deadline nears

Future Retail Ltd. isn't in a position to make a payment on 35 billion rupees ($471 million) of past-due debt before the grace period expires

Willing to assist FRL, including proposed infusion of Rs 7,000 cr: Amazon

Amazon said it has consistently emphasised its willingness to assist FRL before the arbitral tribunal and Indian courts

Top headlines: HUL Q3 net rises 17%; Ind-Ra sees FY23 GDP growth at 7.6%

Business Standard brings you the top headlines on Thursday

Amazon's legal tangles are a cautionary tale for other investors in India

The e-commerce giant's long drawn-out saga with Future Retail raises two questions for prospective investors, or those who already have business interests in India.

NCLAT to hear Amazon plea challenging CCI order in Future deal on Feb 2

The appellate tribunal has directed the Competition Commission of India and FCPL to file their reply in next 10 days and Amazon to file a rejoinder over it.

Supreme Court reserves verdict on pleas of Future Group firms

The apex court has been hearing pleas including the fresh petition of Future Group against the Delhi High Court's recent order declining its plea for stay on an arbitration tribunal decision refusing

HC stay on Amazon-Future arbitration has created conflict of laws: Experts

They add that defeats the sole crux of the contractual arrangement and may dissuade foreign companies from entering Indian market

Future Retail appeals against Delhi HC order dismissing its writ petition

The appeal before Delhi HC's division bench for termination of Amazon arbitration will be listed before the Chief Justice of Delhi High Court at 02:15 pm on Wednesday

Top headlines: Future moves HC against Amazon; over 4k Covid cases in Delhi

Business Standard brings you the top headlines on Monday

New year cheer for indices! Sensex above 59K, up 929 pts; Nifty atop 17,600

The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5

Future Retail asks court to declare arbitration with Amazon illegal

The case will likely be heard by judges this week.

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

Future Retail's stock surges 20% on CCI order for Amazon

Future Retail's scrip jumped to a high of Rs 57.50 as against the previous close of Rs 47.95 on the National Stock Exchange

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

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

Amazon may take legal action against CCI order suspending deal with Future

Anti-trust regulator has ruled the US company had suppressed information while seeking approval on an investment into Indian retailer two years ago.

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

Says Amazon made false and incorrect statements while seeking approvals

LIVE: West Bengal govt extends existing Covid restrictions up to Jan 15

Restrictions related to the movement of people and vehicles between 11 pm and 5 am shall be relaxed for Christmas and New Year celebrations