Page 12 - Future Group

Future-RIL deal skating on thin ice, may even get derailed, say lawyers

They believe the best way forward is for Amazon and Future to negotiate with each other on how to ensure that Future group companies do not end up in bankruptcy courts

Committed to helping FRL, don't want the company to go down: Amazon lawyer

Earlier, Future Retail Limited lawyer had argued that the retail firm may go bust and thousands may lose jobs if the Future-Reliance deal does not go through

BSE m-cap at Rs 200 trillion as Sensex ends 358 pts up at 50,614; PSBs jump

Robust buying in shares of ITC, Kotak Mahindra Bank, State Bank of India, Bajaj Finance, ICICI Bank, and M&M helped the benchmark S&P BSE Sensex scale fresh lifetime peak of 50,687.51 level

Top headlines: Air India sale may get govt Rs 15,000 cr, Sebi ban on Biyani

Bharti Airtel posted a consolidated net profit of Rs 854 crore in the third quarter of December FY21, after six straight quarters of losses. Read the top news in Business Standard today

Top headlines: Budget leaves investors richer, RIL-Future deal hits hurdle

Amazon founder Jeff Bezos will step down as the chief executive officer in the third quarter of 2021, the company said on Wednesday. Read top news with Business Standard

Delhi HC orders status quo on $3.4 bn Future Group-Reliance Retail deal

Ruling seen as interim relief to Amazon; next phase of arbitration likely to begin soon in Singapore, say sources

Top Headlines: LIC IPO likely after Oct; HDFC Q3 net profit declines 65%

Here are all the top economy and markets headlines of today

All parties in Amazon-Future dispute should maintain status quo: Delhi HC

India's Future Group needs to maintain status quo with respect to its $3.4 billion retail assets deal, the Delhi High Court said on Tuesday

HC asks if Amazon, Future open to resolve issue relating to Reliance deal

The issue relates to a Rs 24,713 crore deal between Future Retail and Reliance Retail

Enforce S'pore arbitrator award to hold Future-Reliance deal: Amazon to HC

Amazon urged the Delhi High Court to order enforcement of the award by Singapore's Emergency Arbitrator (EA)

Top headlines: Direct tax compliance may ease, RBI open to digital currency

Business Standard brings you the top headlines of the day

After exchanges okay Future-Reliance deal, Amazon asks court to block sale

Amazon argues Future breached some pre-existing clauses by entering into a deal with Reliance

Reliance-Future deal gets Sebi nod, BSE 'no-adverse-observation' status

The Securities and Exchange Board of India (SEBI) allowed the deal with some riders, five months after it was announced last August

Delhi HC issues notice to Future, RIL retail arms on Amazon's plea

The Court issued a notice in the matter and listed it for further hearing on February 12

Sales to normalise by Jan-end, getting orders from Jio Mart: Kishore Biyani

Future Group expects normal sales to return for its retail vertical by the end of January, almost a year after the business was severely hit by pandemic-related disruptions, Kishore Biyani said

Future-RIL deal: Next phase of Bezos-Biyani battle to begin in Singapore

Singaporean barrister Michael Hwang joins three-member arbitration tribunal at SIAC, which is looking into the dispute over Future Group's $3.4 bn deal with Reliance Industries

We were fed up with your attitude, had to take RIL offer: Biyani to Amazon

"Being totally disillusioned and fed up with your lackadaisical attitude, we were left with no option, but to accept the offer from the Reliance," Biyani said

Future, Amazon continue fight; write to Sebi over Future-Reliance deal

Amazon and Future Group have written to market regulator Sebi with contrasting requests over a Rs 24,713 crore buyout of assets of India's second-largest retailer

How the RIL-Amazon arbitration battle could take a toll on the govt too

Questions thrown up by the case are salient to decide what sort of money India gets from world markets

Competition watchdog clears Reliance-Future Group deal in setback to Amazon

The Competition Commission has approved Reliance's proposed acquisition of retail, wholesale, logistics and warehousing businesses of Future Group. The Rs 24,713 crore deal that would boost Reliance Industries' fast growing retail business was announced in August. In a tweet on Friday, the regulator said it has approved "acquisition of retail, wholesale, logistics & warehousing businesses of Future Group by Reliance Retail Ventures Limited and Reliance Retail and Fashion Lifestyle Limited". Deals beyond a certain threshold require approval of the Competition Commission of India (CCI), which keeps a tab on unfair business practices across sectors. As per the notice submitted to the CCI, there are at least seven target entities. They are Future Enterprises, Future Consumer Ltd, Future Lifestyle Fashions Ltd, Future Retail Ltd, Future Market Networks Ltd, Future Supply Chain Solutions Ltd and Futurebazaar India Ltd and its subsidiaries. "The Transferor Companies consists of several