Page 2 - Future Group Future Retail

FRL's independent directors acting for benefit of promoters: Amazon

It is not for the benefit of FRL's shareholders, creditors, vendors and employees, alleged Amazon's letter to FRL's independent directors

Amazon's offer legally invalid, can't accept: FRL independent directors

Independent directors of Future Retail have turned down Amazon's offer of financial support to the company through a deal with private equity firm Samara Capital

Sensex sheds 621pts amid Omicron woes, weak global cues; Nifty below 17,750

Market participants are already concerned about the rapid global spread of the highly infectious Omicron Covid variant

Sensex sheds 1,190pts, Nifty ends near 16,600; financials, Tata Steel tank

The NSE index has now declined nearly 11 per cent from its all-time in the last two months; Midcap and Smallcap indices were down over 3 per cent each

Competition Commission of India to meet Amazon, Future Coupons on Jan 4

The meeting will be in connection with the approval given by the fair trade watchdog to the e-commerce major's investment in FCPL

Sensex, Nifty end on a flat note; ITC gains 2%, Tata Steel slips 3%

Debutants exhibited mixed outing on Day 1. PB Fintech was up 4.4 per cent, Sigachi Industries zoomed 270.5 per cent, while SJS Enterprises ended at a 5 per cent discount to issue price

HC rejects Future's plea to stay Singapore arbitrator's order: Report

Amazon and Future Group are embroiled in legal battles since the latter entered into an agreement with Reliance Retail to sell its retail assets for Rs 24,713 crore in 2020

Amazon vs Future: Relief for Biyani as SC stays proceedings in $3.4 bn deal

Three judge-bench led by CJI asks NCLT, CCI and Sebi not to pass any final order in relation to the dispute for four weeks

Top headlines: Ford India to cease production; ECB eases pandemic support

Business Standard brings you the top headlines on Thursday

Future Retail appoints Sadashiv Nayak as CEO effective August 25

Future Retail Ltd (FRL) said Sadashiv Nayak has been appointed as its chief executive officer with effect from Wednesday.

Future Retail rebounds 21% from day's low on Amazon bail-out report

Reports suggest, Amazon.com Inc. is preparing a bailout plan for cash-strapped Future Retail if the Singapore International Arbitration Centre (SIAC) rules against a planned takeover by RIL

Amazon battles regulators in bid to stay dominant in India's e-comm market

The tussle with governments is a familiar territory for Amazon since it, along with Apple, Google and Facebook, face potentially similar charges in the US

Supreme Court defers hearing Amazon, Future case amid Covid-19 surge

The Supreme Court has not stopped Future Group and Reliance Industries from working towards a deal.

In relief for Amazon, Delhi HC puts Future-Reliance deal on hold

The court held that Future Retail, Future Coupons (the promoter entity of Future Retail), founder and owner Kishore Biyani and others violated the Emergency

The right policy cart

E-commerce rules should be stable and equitable

Search for the best deal: What India's draft e-commerce policy says

Apart from China, India is one of the few countries that has specific regulations targeted at online sellers

Future says Amazon asked for $40mn as compensation for RIL deal

E-commerce major Amazon termed the charges as "false and misleading claims"

NCLT raps Amazon in Future case: Don't be a 'perpetual objector'

Says it has no locus standi in Future's plea to hold shareholder meeting; reserves order

Future Group shares fall 5% as Delhi HC orders status quo on Reliance deal

Future Retail said the Company will explore all legal remedies and take appropriate steps to pursue the scheme of arrangement.

Future to challenge court order blocking retail deal after Amazon objection

An Indian court blocked Future Group's sale of a swathe of assets to rival Reliance Industries on Tuesday after Amazon raised objections to the deal