Page 3 - Future Retail

Markets start FY23 with solid gains; Sensex jumps 708pts, Nifty tops 17,650

CLOSING BELL: Sectorally, the Nifty PSU Bank index jumped 4 per cent on the bourses with Union Bank, Bank of India, Canara Bank, and Bank of Maharashtra adding over 4 per cent each

Stocks to Watch: Hero Moto, Vedanta, Lupin, Future Retail, ONGC, Tech M

The SGX Nifty futures were quoting at 17,431 levels at 7:30 am, hinting at a gap-down start of 100 points on the Nifty50.

Took steps to ensure biz continuity: RIL defends takeover of Future stores

Future Retail had earlier written to RIL over the takeover of its stores, according to three people in the know

Future Retail CEO resigns amid legal battle, debt recovery

FRL also said in Thursday's stock exchange filing that Kishore Biyani, founder and CEO of Future Group, was re-appointed as executive chairman of Future Retail for three years

Top headlines: PPF, NSC interest rates unchanged; SpiceJet settles dispute

Business Standard brings you the top headlines on Thursday

Reliance Group in letter defends its takeover of Future Retail stores

Reliance, has privately defended an abrupt takeover of the stores of debt-laden rival Future Retail, saying mounting dues of $634 million compelled it to act beyond expectations, a letter shows

To 'protect interest', banks to move DRT's Mumbai bench against Future

The lead bank of the consortium has to issue notice under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI).

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

Banks to start debt recovery proceedings against Future Retail: Report

Indian lenders are set to initiate debt recovery proceedings against Future Retail this week to safeguard their interests after rival Reliance unexpectedly took over some of the retailer's stores

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.