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Future Group

Future Group

 

More Stories on Future Group
Supreme Court has stayed Delhi HC proceedings on enforcement of Emergency Arbitrator's award restraining Future Retail from going ahead with merger deal with Reliance Retail

Future-Reliance Retail deal: SC stays all proceedings in Delhi HC

Sep 09, 2021

The SC bench headed by Chief Justice N V Ramana, also instructed the statutory authorities of the likes of CCI, NCLT, and SEBI not to pass any final order regarding the merger deal for next four weeks

The dispute started after Future, with more than 1,700 stores, including popular Big Bazaar supermarkets, entered a deal last year to sell its retail businesses to Reliance.

Future Retail files new case in Supreme Court against Amazon over $3.4-bn deal

Aug 28, 2021

In its over 6,000-page filing, Future has argued that if the deal with Reliance doesn't go through, it would cause "unimaginable" damage to the group.

Future Retail operates retail stores like Big Bazaar, fbb, Foodhall, Easyday and Nilgiris

Sadashiv Nayak appointed as Future Retail CEO

Aug 25, 2021

Nayak has been associated with Future Group for over 17 years and in the last 8 years as the CEO of Big Bazaar, he has played a pivotal role in making Big Bazaar what it is today, a Future Retail statement said

The alarm bells rang in June 2019 when Andhra Bank had initiated insolvency proceedings against Sterling Biotech

The rise and fall of the Sandesara brothers and Sterling Biotech

Aug 24, 2021

At a group level, Sterling has a debt in excess of Rs 15,000 crore. With the banks resigned to a huge haircut on loans of over Rs 8,000 crore, the future of this company is at best unknown

Facebook Messenger gets end-to-end encryption for video and voice calls

Aug 15, 2021

Facebook Messenger is now getting end-to-end encryption for its video and voice calls. Facebook also aims to encrypt group chats in the near future.

Total expenses of FRL, which operates retail stores like Big Bazaar, fbb, Foodhall, Easyday and Nilgiris, were at Rs 2,554.39 crore (Source:PTI)

Future Retail Q1 results: Net loss widens to Rs 1,147 cr

Aug 15, 2021

The company had posted a net loss of Rs 552.91 crore for April-June period a year ago, Future Retail Ltd (FRL) said in a BSE filing

Amazon, which has 49 per cent stake in one of Future's unlisted firms, Future Coupons Ltd had approached SIAC

Future Group companies, promoter Kishore Biyani move SC after Amazon verdict

Aug 13, 2021

Kishore Biyani, Rakesh Biyani and other family members of the Biyani family along with the holding companies has filed SLP against Amazon.com NV Investment Holdings LLC before the Supreme Court, said a regulatory filing by Future Retail Ltd

Through the current petition, Future Coupons is likely to seek a stay on the Single Judge Bench order, which directed the attachment of assets

RIL-Future deal: Future Coupons moves SC; challenges Delhi HC order

Aug 12, 2021

Through the current petition, Future Coupons is likely to seek a stay of Single Judge Bench order, directing attachment of assets

Amazon founder Jeff Bezos and Future group promoter Kishore Biyani.

Twists & turns in the buyout of Kishore Biyani’s Future Retail

Aug 09, 2021

Following the SC verdict, Biyani and Amazon will need to negotiate a fresh deal with Future Retail in no better a position than what it was a year ago. It is clearly a case of time having been lost

SC last week upheld e-commerce giant Amazon’s plea seeking a hold on the Rs 24,713 crore deal between Reliance Retail and Future Retail

Future Group must pay $14 mn to bondholders this month or face legal action

Aug 09, 2021

If bond investors initiate legal action against the company, it could be a huge blow after the Supreme Court's order last week, which stalled Future Retail's mega Rs 24,713 crore deal with Reliance Retail

Two bankers, speaking on condition of anonymity said negotiations were taking place to try to limit potentially severe consequences

Indian bankers in talks as SC's verdicts threaten over $6 bn in loans

Aug 09, 2021

Last week, India's Supreme Court effectively blocked Future Group's $3.4 billion sale of retail assets to Reliance Industries, jeopardising nearly $2.69 billion the retail conglomerate owes to Indian banks