Page 17 - Reliance Retail

Amazon, Future will approach Singapore tribunal to resume arbitration: SC

SC on Wednesday observed that parties will approach tribunal led by Singapore International Arbitration Centre to resume arbitration proceeding in relation with merger deal of FRL with Reliance Retail

Amazon, Future dispute: SC lets arbitration resume over FRL merger

The Supreme Court on Wednesday ordered resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli took note of the consent of US e-commerce major Amazon and Future group over the resumption of arbitral proceedings before the Singapore International Arbitration Centre (SIAC). The bench said the SIAC tribunal would pass an appropriate order on a plea of FRL filed under a provision of the Arbitration and Conciliation Act which provides for passing an order if the arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible. Earlier, the apex court had asked the Future Group and Amazon to jointly urge the Delhi High Court to first hear the enforcement petitions of Amazon which also relate to the preservation of assets of FRL. Amazon had moved the top

File response on SIAC award petition: Delhi High Court to Future

The latest hearing comes after the Supreme Court asked Future Group and Amazon to request HC to hear the case on the enforcement of the emergency arbitration award passed by SIAC

Amazon, Future to appear before Singapore International Arbitration Centre

SC asks both parties to urge Delhi HC to hear enforcement pleas of US firm first

SC asks Amazon, Future to urge Delhi HC to hear pleas of US firm first

It has been alleged by Amazon that on March 3, as many as 600 stores of FRL were taken away by Reliance

Will list as early as possible: SC on Amazon plea to preserve FRL assets

Earlier, Amazon had apprehended the 'disappearance' of assets and sought an interim order from the top court to ensure the preservation of assets of Future Retail Ltd

Sensex falls 571 pts, Nifty ends below 17,150; metals shine, FMCG bleed

Stock market live updates: Opening Bell Stock market live updates: The key benchmark indices started Monday's session with mild gains amid ensuing uncertainty of the Russia-Ukraine war. The BSE Sense

Future Group shares hit record lows; Future Retail tanks 16% in two days

Future Group companies will convene meeting with their respective shareholders and creditors on April 20 and 21 to get their approval for the Rs 24,713-crore deal with Reliance Retail

Top Headlines: Exporters scan back-up routes to Russia; Mariupol resists

Russian military offers Ukrainian troops defending the strategic port of Mariupol to lay down arms. More on that in our morning wrap.

Reliance Retail Ventures acquires 89% stake in Clovia for Rs 950 crore

The founding team and management will own the balance stake in the company, which include Pankaj Vermani, Neha Kant, and Suman Choudhary, who launched Clovia in 2013

Reliance Retail pays Rs 950 cr for 89% stake in D2C lingerie brand Clovia

The firm will invest Rs 950 crore via a combination of secondary stake purchase and primary investment

Future group firms to convene shareholder, creditors meeting in April

Future Group's 19 companies operating in retail, wholesale, logistics and warehousing assets would be consolidated into one entity, FEL, and then transferred to Reliance

SC seeks Future's response on Amazon's plea on resumption of arbitration

The Supreme Court asked the Future group to file its reply to an interim plea of Amazon seeking resumption of arbitration over Future Retail's merger deal with Reliance Retail

Amazon's demand for $200 million sank settlement talks with Future

Amazon has for months blocked the $3.4 billion sale of Future's retail assets to rival Reliance, announced in 2020, citing a breach of certain contracts

Top headlines: 4-1 for BJP at polls; Morgan Stanley lowers Sensex target

Business Standard brings you the top headlines on Friday

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.

How Mukesh Ambani outfoxed Amazon in a $3.4-bn deal dispute

Reliance jolted Amazon by taking over Future's stores, staff even as the e-commerce giant furiously tried to block formal acquisitions through lawsuits and arbitration across India and Singapore

Future Group cos to convene shareholder, creditors meeting from April 20-23

Future Group companies would convene meetings of their respective shareholders and creditors between April 20 and April 23, 2022

Reliance Retail Ventures buys majority stake in Abraham & Thakore

Last year, RIL arm had partnered Manish Malhotra's brand and Raghavendra Rathore's company

Future Group firms' stock jumps as Reliance plans retail stores' takeover

Shares of Future Supply Chain Solutions, Future Retail, Future Lifestyle Fashions, Future Consumer and Future Enterprises rose between 7% and 16%