We are launching an FMCG brand called Smartsters, which will focus on packaging and product innovations, says Biyani
Reliance Retail, the retail arm of Reliance Industries, has extended the timeline for six months to complete its Rs 24,713 crore deal with Biyani-led Future to buy its retail and wholesale business
Justice Midha's order dated March 18 is contrary to the apex court's order, said senior advocate Harish Salve on behalf of Future Retail
"The company has filed an appeal before the High Court of Delhi against the impugned order dated March 18, 2021 passed by single judge...," said Future Retail
The court held that Future Retail, Future Coupons (the promoter entity of Future Retail), founder and owner Kishore Biyani and others violated the Emergency
By raising the FDI limit to 74%, the current provision of control being vested with Indian companies had to be dropped. Stay tuned for Latest LIVE news
The Kishore Biyani-led group's debt had spiralled out of control last year, forcing it to get into a nearly Rs 25,000-crore transaction with Reliance Retail
The Women of Big Bazaar SOS, the composite group of women who work for Future Group appealed to PM Modi and sought support to protect their livelihoods as tussle between Amazon and Future continues
This follows report claiming e-commerce giant dodged Indian regulations
Amazon said it will begin making devices in India for the first time. More on that story and other headlines this evening.
SAT has directed Future Group promoters to deposit a sum of Rs 11 crore as an interim measure. The case will now come up on April 12, 2021
E-commerce major Amazon termed the charges as "false and misleading claims"
According to the submission by Future Group in October last year, Amazon was well aware of Future's Rs 24,713 crore deal with RIL
Says it has no locus standi in Future's plea to hold shareholder meeting; reserves order
Reliance group entities have also moved an application in NCLT seeking approval to go ahead with the amalgamation deal with Future
The e-commerce giant has contended that the Division Bench order is illegal, and arbitrary apart from being without jurisdiction
Business operations were continued to be impacted by the pandemic during the quarter
Future Group is caught in the middle of this tussle between companies helmed by two of the world's richest men
Court notes that Future Retail wasn't party to arbitration agreement with Amazon and prima facie "group of companies" doctrine can't be invoked in this case
This week, the Delhi High Court directed Biyani's flagship company to maintain the status quo on its Rs 24,713-crore deal to sell his business to Reliance