Page 6 - Future Retail

Banks to start debt recovery proceedings against Future Retail: Report

Future, hit by the pandemic, has been struggling to pay off its debt and is fighting a bitter legal battle with US retail giant Amazon

Future Group stocks hit 52-week lows as FRL clarifies on RIL takeover

Future Retail on Wednesday said that it was committed to taking all actions necessary to seek value adjustments and reversal of takeover of stores by the Reliance group.

Top Headlines: Fed signals more hikes; India may import cheap Russian oil

The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year

Future Retail to take steps needed to get back stores from Reliance Group

FR: says its board has strongly objected to such action by RIL and has also put a notice to it to reconsider all other action initiated over the past few days

Top headlines: Sensex rallies 1k pts ahead of Fed meet; Mann new Punjab CM

Business Standard brings you the top headlines on Wednesday

Future Retail says will act to reverse store takeovers by Reliance

Since the last week of February 2022, Reliance Group has unilaterally terminated the leases and forcefully taken over control of hundreds of Future Retail's stores, said FRL on Wednesday

Bad news for Amazon as Ambani's RIL seizes the future of retail in India

In the end, Mukesh Ambani settled the dispute over who gets to own the assets of beleaguered Future Retail not in an arbitration tribunal in Singapore, or in a Delhi courtroom, but in a shopping aisle

Top Headlines: Zomato, Blinkit merger talks; FRL may approach NCLT, DRT

Business Standard brings you the top headlines at this hour

Deadlock continues: Amazon-Future talks to resolve row break down

SC allows Amazon to file interim application

Amazon threatens legal proceedings against Future Retail, promoters

Amazon Future case: Amazon is fighting a legal battle with FRL to stop the Kishore Biyani-led retailer's $3.4 billion deal with Reliance Industries Limited.

Amazon accuses Future Retail, Reliance of 'fraud' in newspaper ads

Amazon has been contesting the planned $3.4 billion sale of Future Group's retail assets to Reliance.

New Zealand's Fonterra ends partnership with Future after Covid disruptions

New Zealand dairy giant Fonterra Co-operative Group Ltd will wind down its 2018 joint venture with Future Consumer Ltd in the wake of COVID-led disruptions, Future said on Thursday.

Termination notice to 947 Future Group stores from Reliance

Future Group now has about 550 stores of around 1,500, a company official said

Reliance Retail terminates sub-lease of 950 Future stores

Billionaire Mukesh Ambani's Reliance Retail has slapped notices on Future Retail for terminating sub-leases of 950 stores it had taken over previously.

Stocks to Watch: RIL, HUL, Dr.Reddy's, PNB Housing, Future Retail, Banks

Reliance Industries is likely to be in limelight as the company is looking to take advantage of the surging diesel demand in Europe in the backdrop of Russia-Ukraine conflict.

'Shops are gone': How Reliance stunned Amazon in battle for Future Retail

At a large Future Retail supermarket in Mumbai last week, workers were unloading hundreds of bright blue grocery crates belonging to India's biggest retailer Reliance

Top headlines: PM calls for dialogue on Ukraine, 800 drugs to get costlier

Fund manager Mark Mobius says he sees more downside in equity markets amid the invasion of Ukraine. More on that in our top headlines.

Future Retail NPAs: Indian Bank to take Rs 800-crore hit in fourth quarter

Earlier, a consortium of 27 banks had indicated they would have to make combined provisions of around Rs 9,000 crore due to non-payment by the retailer.

FRL-Reliance merger: SC defers hearing on Amazon's plea for 10 days

A bench headed by Chief Justice N V Ramana took note of the submissions of senior advocate Gopal Subramanium, appearing for Amazon, that there be no order from the Delhi High Court

Amazon may file criminal case against Future over store transfers: Report

Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition