Page 8 - Future Group

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

Says Amazon made false and incorrect statements while seeking approvals

CCI suspends Amazon's 2019 deal with Future, imposes Rs 202-cr penalty

CCI says Amazon provided 'false and incorrect information' and said it suppressed 'material facts' of 2019 Future deal; asks Amazon to again file detailed Form II within a period of 60 days

Revoking 2019 Future deal would boost Reliance: Amazon warns CCI

Amazon says sentiment will be hit if its 2019 deal with Future gets revoked by the anti-trust body and would send a negative signal to foreign investors

Generali eyes bigger stake in India businesses as Future seeks exit: Report

Generali "wants to have a majority which could be a 74% stake but also (could be) slightly less. Future wants to completely exit the businesses," said one of the sources.

Amazon-Future case: SC to hear Future Group's plea on Jan 11

The court again expressed displeasure on Wednesday over the written notes submitted by Future Group

SC gives two more weeks to CCI to decide complaint on Amazon-Future deal

Three-judge bench gives direction in Amazon's SLP against Delhi High Court order directing CCI to take a decision on show cause notice issued by it to Amazon in 10 days

Amazon asks India antitrust body to revoke Reliance-Future deal approval

The approval for the deal was a "nullity in the eyes of law" as an arbitrator's order was still in force, according to the letter sent by Amazon.com Inc to the CCI

Future Retail guilty of financial irregularities, says Amazon

Amazon is fighting a legal battle with FRL to stop the Kishore Biyani-led retailer's $3.4 billion deal with Reliance Industries Limited (RIL)

Amazon's letter is nothing but an afterthought, says Future group

The spokesperson said all related-party transactions and records of fund utilisation were on record and part of the public disclosures made by the company as part of standard governance practices

Amazon writes to FRL independent directors alleging financial anomalies

The CCI will meet Amazon and Future Coupons Pvt Ltd (FCPL) representatives in January next year in connection with the matter

Amazon-Future case: SC irked over parties filing '22-23 volumes of records'

The Supreme Court Tuesday asked whether the purpose was just to drag on or harass the judges and sought a common small compilation of documents

Amazon asked Future to withdraw FEMA violation complaint before CCI

US giant Amazon had asked Kishore Biyani-led Future Group to withdraw its complaint in CCI as the two discussed a possible end to bitter tussle over investments, according to sources. Also, the sources said, a possible exit of Amazon - which is contesting the deal between Future group and Reliance Retail - in lieu of compensation was also discussed. Officials of Amazon and Future Group had a meeting a couple of weeks back but the US firm maintained that any suggestion of it seeking compensation to end the tussle with Future is "misplaced and motivated". Amazon, during the meeting that also included Future Group promoter Kishore Biyani, had hinted towards an out-of-court settlement of the ongoing tussle by asking for the withdrawal of Future's complaint over alleged violation of the Foreign Exchange Management Act (FEMA) rules by misrepresenting facts before the Competition Commission of India (CCI), they added. Amazon had asked the Future Group to withdraw the complaint filed by ..

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Future moves SC to seek stay on Singapore arbitration panel's decision

NCLT stays Future group shareholders' meet

Future group cos defer shareholder, creditors meeting for RIL deal approval

Future group firms have deferred meetings of their respective shareholders on the direction of the NCLT

ED seeks documents from Future related to 2019 deal with Amazon: Report

In a confidential notice, the agency also sought copies of legal filings, supporting documents submitted by Amazon, Future, say sources

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Amazon moves Supreme Court against Future Group shareholders' meet

Amazon has sought the top court's direction to set aside the NCLT order that allowed Future Group firms to hold EGMs for Reliance Retail deal