Page 17 - Future Retail

Fitch downgrades Future Retail's long-term rating to 'C' on missed coupon

The company has a 30-day grace period to meet its obligations; if it can't Fitch could downgrade its IDR and bond rating further

Future Retail defaults on foreign bond coupon payment, faces S&P downgrade

Cites liquidity pressure, depressed operating cash flow, delays in disbursement of credit lines from banks

Lenders may convert part of Kishore Biyani's Future Retail debt into equity

RIL is in talks with banks for a possible takeover

Future Consumer zooms 141%, Future Retail rallies 94% in one month

According to the report, Reliance Industries is closing in on a deal that would see it acquire stakes in some units of Future Group.

Mukesh Ambani nears deal to buy stake in some units of Future Group

An agreement between Ambani's Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month

Amazon, Carlyle, Brookfield vie for Biyani's Future Supply Chain Solutions

Future Supply Chain Solutions (FSC) is a third-party supply chain and logistics service provider that offers warehousing facilities also.

Future Group in advance talks with RIL to sell stake in retail biz: Report

Future Retail operates 1,500 retail stores that cover over 16 million square feet of retail space in 400 cities

Retailers, mall owners now willing to resolve differences over rentals

Malls will reopen on June 8 in most parts of the country barring Mumbai, where the state government has decided against it for now.

Future Retail to raise up to Rs 650 crore via NCDs to refinance debt

The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements

Top headlines: Google faces antitrust case in India, Ola buys Dutch firm

Business Standard brings to you the top headlines of the day

Lockdown 4.0: Stand-off between retailers and malls over rentals worsens

At the heart of the matter are revenue-share rental agreements that retailers are mooting over fixed-rent contracts that they say are unsustainable

Top headlines: Service activity falls in Apr, fuel excise hike to help govt

Business Standard brings to you a snapshot of events which made it to the headlines today

Top 10 biz headlines: IT firms on cost-cutting, PE players' post-Covid plan

Here are top 10 business headlines on Wednesday

Banks scout buyers for Future Retail stake after Biyani's loan default

According to a banker close to the development, the lenders have approached India's top retail players to evaluate the possibility of a merger

S&P lowers Future Retail's issuer credit rating from 'B-' to 'CCC-'

Operating cash-flows to stay weak for two months

Retailers want govt to allow sale of non-essentials amid Covid-19 lockdown

Extend relaxations given to manufacturing units in green zones to retail sector, say industry players

Future Retail hits over 3-year low; stock tanks 46% in four days

The management said the significant movement of price of the equity shares of the Company during recent past is due to unprecedented fall across the global markets including India

Future Retail Q3 profit slumps 17% to Rs 165 cr, total income falls 3%

Total income fell 3.07 per cent to Rs 5,208.89 crore during the quarter under review from Rs 5,374.12 crore in the corresponding quarter last year.

Top Headlines: Amazon to invest $1 bn in Indian SMBs, Airtel $3-bn QIP plan

Bharti Airtel has announced allotment of 323.5 mn equity shares to eligible institutional buyers at an issue price of Rs 445 per share as part of $2 billion QIP

Future Retail raises $500 million through dollar-denominated bonds

Proceeds from the offering will be utilised to purchase store assets from Future Enterprises Ltd