But Future group says Amazon failed to provide any help to debt-laden company that suffered a massive setback during COVID-induced lockdown. Amazon, on the other hand, says there were ongoing discussions on multiple options with partners and with the promoters of Future

Citing the low interest rate environment and tough market conditions, HSBC ditched its goal of achieving a return on tangible equity of 10 to 12%, and said instead it will aim for 10% over the medium term

RIL has said independent growth of company will enable focused approach towards opportunities across the O2C value chain. It will enhance efficiencies through self-sustaining capital structure and a dedicated management team

Earlier in the day, the apex court had allowed the NCLT, Mumbai to continue with the proceedings but asked not to pass a final order on the amalgamation of Future Retail Ltd (FRL) with Reliance Retail

Stock Market News Updates Today: Global equities were buoyed today as positive macroeconomic data flow and hopes of a COVID-19 vaccine boosted investor sentiment

Stocks to watch today on February 23: RIL, Airtel, HDFC Bank, Vedanta, UPL, Info Edge, Bharat Forge among others are the top stocks to watch out for in Tuesday's trading session

After demerger, holding company RIL will have upstream exploration and production business, financial services, treasury and textile business, while RIL O2C Ltd will have an oil-to-chemical business comprising refining and petrochemicals, fuel retail, and control over global subsidiaries of RIL

Amazon's strategy behind the joint ventures was to boost sales indirectly; the e-commerce giant removed the products sold by Cloudtail and Appario from the platform in 2019

Amazon has also asked for restraining Future Retail from taking any steps to further the deal with Reliance until the final award is granted in the Singapore arbitration

Future may face liquidation if the deal, already mired in legal wrangling, falls through and banks are actively discussing an alternate one-time restructuring option

Stocks to watch today on February 16: Jet Airways, Titan, Future Retail, AstraZeneca Pharma, Indian Bank, TCS among others are the top stocks to watch out for in Tuesday's trading session

Kishore Biyani-led homegrown retailer claimed in a submission to the emergency arbitrator that Abhijeet Mazumdar, head of corporate development and private investments at Amazon made a verbal offer to Future Group promoter on behalf of the e-tailer

The tribunal further stated that Amazon should not be a perpetual objector. It heard Future Group's appeal to convene a shareholder meet

Amazon says Future violated its contract by signing a retail asset sale agreement with RIL in 2020. Future promoter Kishore Biyani denies any wrongdoing and accuses Amazon of playing \"dog in a manager\"

Panchgani-based Mala's Fruit Product's jams and ketchups came to the rescue of consumers not just in Maharashtra but also in adjoining Gujarat, through general trade as well as ecommerce platforms such as Grofers and Big Basket

Future Retail Q3 results: The consolidated revenue from operations plunged by 71 per cent to Rs 1,506.87 crore during Q3 FY21 as against Rs 5,193.19 crore of the corresponding quarter last fiscal

Share of Future Group firm Future Retail gained 9.84% to Rs 80.40 on BSE. The stock has gained after 4 days of consecutive fall

Stock Market News Updates Today: Sensex hit a record high of 51,753 and the Nifty hit a record high of 51,753 in early trade today. Both benchmark indices have gained over 11% in seven straight sessions

The Delhi High Court passed the interim direction on Future Retail's appeal challenging the February 2 order of the single judge, who had blocked Future Group's deal with Reliance Industries

Sebi had banned Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Limited (FCRL) from accessing the securities market for a period of 1 year