Page 6 - Future Retail

FRL seeks time on loan dues; independent directors accept Reliance's offer

Retailer asks apex court to direct banks on not labelling it NPA

Top headlines: FRL turns down Amazon bailout offer; Maruti Q3 net falls 48%

Business Standard brings you the top headlines on Tuesday

FRL's independent directors accept Reliance's bailout offer, reject Amazon

Independent directors of Kishore Biyani-led Future Retail Limited told Amazon its offer to provide Rs 3,500-cr funding was 'a game of smoke and mirrors'

FRL launches SC challenge against own lenders to avoid a defaulter tag

Earlier this month, Future Retail had said it had missed the due date for the payment of Rs 3,494.56 cr to banks and lenders as it could not sell assets due to its ongoing litigation with Amazon

Covid LIVE: Delhi's positivity rate falls to 12%; 1,857 new cases in Mumbai

Number of active cases in Mumbai are 21,142; Delhi sees 5,760 new cases

Samara Capital ready to invest Rs 7K crore in Future Retail: Amazon

FRL had set conditions to accept Amazon's proposal in a letter sent to the US e-commerce firm dated January 21

Amazon confirms Samara Cap to invest Rs 7,000 cr in FRL to acquire assets

Amazon has written to independent directors of Future Retail Ltd, confirming that Samara Capital 'remains interested and committed' to invest Rs 7,000 crore for buying all retail assets of company

Willing to accept Amazon's proposal, but under certain conditions: FRL

Future Retail is required to pay its lenders Rs 3,500 crore by January 29, 2022 and it has asked Amazon to confirm its willingness to pay the amount by Monday

Covid LIVE: Karnataka sees record 48,049 new cases; 10,756 in Delhi

Of the new cases today, 29,068 were from Bengaluru Urban that saw 7,196 people being discharged and 6 virus-related deaths

Future Retail 'not in position' to make $471 mn payment as deadline nears

Future Retail Ltd. isn't in a position to make a payment on 35 billion rupees ($471 million) of past-due debt before the grace period expires

Willing to assist FRL, including proposed infusion of Rs 7,000 cr: Amazon

Amazon said it has consistently emphasised its willingness to assist FRL before the arbitral tribunal and Indian courts

Top headlines: HUL Q3 net rises 17%; Ind-Ra sees FY23 GDP growth at 7.6%

Business Standard brings you the top headlines on Thursday

Amazon's legal tangles are a cautionary tale for other investors in India

The e-commerce giant's long drawn-out saga with Future Retail raises two questions for prospective investors, or those who already have business interests in India.

NCLAT to hear Amazon plea challenging CCI order in Future deal on Feb 2

The appellate tribunal has directed the Competition Commission of India and FCPL to file their reply in next 10 days and Amazon to file a rejoinder over it.

Supreme Court reserves verdict on pleas of Future Group firms

The apex court has been hearing pleas including the fresh petition of Future Group against the Delhi High Court's recent order declining its plea for stay on an arbitration tribunal decision refusing

HC stay on Amazon-Future arbitration has created conflict of laws: Experts

They add that defeats the sole crux of the contractual arrangement and may dissuade foreign companies from entering Indian market

Future Retail appeals against Delhi HC order dismissing its writ petition

The appeal before Delhi HC's division bench for termination of Amazon arbitration will be listed before the Chief Justice of Delhi High Court at 02:15 pm on Wednesday

Top headlines: Future moves HC against Amazon; over 4k Covid cases in Delhi

Business Standard brings you the top headlines on Monday

New year cheer for indices! Sensex above 59K, up 929 pts; Nifty atop 17,600

The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5

Future Retail asks court to declare arbitration with Amazon illegal

The case will likely be heard by judges this week.