Page 13 - Future Group

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

Future Retail posts net loss of Rs 692 cr in Q2, revenue declines 74%

Future Retail admitted in a statement that the Covid-19 pandemic had impacted its business significantly

Future of retail at stake: Why Amazon is feuding with Biyani and Ambani

Amazon is willing to 'sink the ship' but doesn't want Reliance to acquire Future's assets, says one analyst.

Amazon accuses Future Retail of insider trading, asks Sebi to investigate

It remains to be seen whether Indian courts and regulators will side with Amazon or Future Retail

Held talks with RIL on arbitration for 'legitimate purpose': Future Retail

'Amazon needs a "tutorial on the law on insider trading,' the company said

Tough legal battle ahead for Future group as it loses arbitration case

Corporate lawyers say Indian courts usually go along with orders given by foreign arbitration courts as witnessed in several cases before

Ambani vs Bezos: A $3.4 bn battle for a pole position in Indian market

By seeking to stall Ambani's purchase of Future, Bezos may be signaling that he would rather remain a rival

RIL-Future deal: BSE to consult Sebi after Amazon's objection, says report

Dispute centres around Future's decision to sell some of its biz to RIL for $3.38 billion

Future Group-Amazon legal tussle: What are the challenges ahead

Experts share their insights on the enforceability of SIAC's interim order in India and the legal options before the players, namely Future group, Amazon and Reliance Retail

In fight with Amazon, Future Retail sees liquidation if Reliance deal fails

Amazon on Sunday won an injunction from a Singapore arbitrator to halt FRL's deal to sell assets to Reliance

Amazon-Future dispute: Kishore Biyani may look for mutual settlement

Time running out for Future Group, which has defaulted on debt payments

Top headlines: Future Group stocks under pressure; taxes on fuel may rise

Business Standard brings to you a snapshot of events which made it to the news on Monday

Future Group may challenge arbitration award putting RIL deal on hold

Future Group said it is not a party to the agreement under which Amazon has invoked arbitration proceedings and the deal cannot be held back through the arbitration process

Future-RIL deal: Amazon gets a favourable ruling in arbitration case

Future can't go ahead with its Rs 24,713-crore deal with Reliance till the completion of the arbitration process as the emergency arbitrator ruling is in 'toto'

Amazon gets interim relief; arbitration panel puts RIL-Future deal on hold

Amazon had dragged Future to arbitration after the Kishore Biyani group firm had agreed to sell businesses to billionaire Mukesh Ambani's Reliance

Future-RIL deal: Jeff Bezos-Kishore Biyani battle begins in Singapore

This follows a dispute over Future's sale of its retail and wholesale businesses to MukeshAmbani-led Reliance Industries Ltd

Verdict on Amazon arbitration plea over Future-RIL deal expected soon

Rajah, former Attorney General of Singapore, is expected to deliver his judgment in the next few days, the sources said

Pandemic shock forced me to exit retail biz: Future Group founder Biyani

Future Group founder says lost about Rs 7,000-crore revenue in 3-4 months; he would now 'think small' and focus on becoming digital-first

Biyani's 'very honest' admission of why he had to sell Future Group to RIL

Company did 'too many acquisitions' and when Covid-19 struck it lost nearly Rs 7,000 crore revenue, says retail tycoon.

Private equity firm Blackstone seeks clarity on Reliance-Future deal

Fate of PE firm's Rs 1,750-crore investment remains uncertain