Page 3 - Future Group
Future Retail MD Rakesh Biyani steps down, Company Secretary resigns
The Future Group flagship firm is facing an insolvency petition by its lenders before the National Company Law Tribunal
 "Future Retail MD Rakesh Biyani steps down, Company Secretary resigns")
NCLT gives Future Retail time till May 12 to file reply on insolvency plea
The NCLT gave crisis-hit Future Retail Ltd (FRL) time till May 12 to submit its reply to the insolvency petition filed against the company by Bank of India.
 "NCLT gives Future Retail time till May 12 to file reply on insolvency plea")
Future Group shares continue to fall for second day; down up to 20%
With the proposed deal with Reliance falling through, investors have been dumping the shares of Future Group since Monday even as the broader market made substantial gains
 "Future Group shares continue to fall for second day; down up to 20%")
TMS Ep158: Future Group deal collapse, cinema, ICICI beats HDFC, UPI123Pay
What does the Future deal collapse mean for Amazon and Reliance? Will South Indian cinema give Bollywood a run for its money? Can ICICI Bank dethrone HDFC Bank? What is UPI123Pay? All answers here
 "TMS Ep158: Future Group deal collapse, cinema, ICICI beats HDFC, UPI123Pay")
Indian lenders worried over Future group's diminishing asset base
Future group shares crash as bankruptcy looms, putting entire shareholders' wealth at risk
 "Indian lenders worried over Future group's diminishing asset base")
Local vs foreign: How a creditor revolt scuttled RIL's Future Retail deal
FRL's offshore bondholders -- a relatively smaller part of the creditor pool -- were promised 100% payment, while local lenders were asked to take a haircut
 "Local vs foreign: How a creditor revolt scuttled RIL's Future Retail deal")
Top headlines: Twitter 'to accept' Musk offer, CII predicts GDP growth
Russia-Ukraine war may expose 42% India firms to significant risks, global rating agency Moody's said on Monday. Read this and other important stories this evening.
 "Top headlines: Twitter 'to accept' Musk offer, CII predicts GDP growth")
Future Group to focus on saving, rebuilding firms as Reliance deal rejected
However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before NCLT
Future Group shares tank up to 20% as Reliance calls off deal
Future Supply Chain Solutions (down 20 per cent at Rs 37.30) and Future Lifestyle Fashions (down 20 per cent at Rs 29.40) also hit their respective all-time lows in intra-day trade on Monday.
 "Future Group shares tank up to 20% as Reliance calls off deal")
Top headlines: LIC valuation, Ola to recall units, and more
Read out the top news headlines and other important topics for the day and related information in the section below.
 "Top headlines: LIC valuation, Ola to recall units, and more")
Future Group, Amazon set for long court battle as Reliance deal off
Future Retail and Future Enterprises have huge debts and lenders have initiated bankruptcy proceedings against Future Retail
 "Future Group, Amazon set for long court battle as Reliance deal off")
Future group shareholders stare at possible wipeout of investments
Secured lenders get top priority in any potential recovery; Biyani stake fell across group companies as lenders seized pledged shares
Future group on brink of collapse, lenders begin work to take firms to NCLT
Banks have already made provisions for loans give to entities like Future Retail and Future Enterprises
 "Future group on brink of collapse, lenders begin work to take firms to NCLT")
Reliance Retail drops Future Group deal after secured lenders reject it
Kishore Biyani's retail chain was to sell 19 companies for Rs 24,713 crore as part of an agreement announcement in August 2020.
 "Reliance Retail drops Future Group deal after secured lenders reject it")
Top Headlines: Omicron sub-variant akin to Delta, EVs could cut forex outgo
Business Standard brings you the top headlines at this hour
 "Top Headlines: Omicron sub-variant akin to Delta, EVs could cut forex outgo")
Majority of Future Retail secured creditors reject Reliance deal
Shareholders, unsecured creditors back the proposal
Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink
CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent
 "Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink")
Stocks to Watch: RIL, Paytm, ITC, ICICI Bank, HCL Tech, ONGC, NBFCs
Stocks to watch today: Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent
 "Stocks to Watch: RIL, Paytm, ITC, ICICI Bank, HCL Tech, ONGC, NBFCs")
Top Headlines: LIC IPO size may be cut, India's trade pacts, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: LIC IPO size may be cut, India's trade pacts, and more")
Future Group lenders reject slump sale proposal to Reliance Retail
Cite 'uncertainty over the entire proposition' for rejecting the proposal
 "Future Group lenders reject slump sale proposal to Reliance Retail")
