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Latest Articles in future group

Amazon Accuses Future Independent Directors Of 'Fraudulent Stratagem'

The US retailer wrote on May 19 to independent directors of FRL stated that the firm had in meeting with core lender banks on January 1, 2022, "categorically admitted that the unpaid rental dues was Rs 250 crore only. FRL further stated that it voluntarily retained the amount"

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Future Enterprises To Raise Rs 3,000 Cr From Insurance Biz Sale

Earlier on Thursday, Future Enterprises Ltd completed the sale of its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) to joint venture partner Generali for Rs 1,266.07 crore

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Democratising E-Commerce

India’s $1 trillion retail market is set to grow exponentially, propelled by two drivers. One, an aspirational middle-class; and two, growing purchasing power.

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Future Group Sells 25% Stake In FGIICL To Partner Generali For Rs 1,266 Cr

After receiving mandatory approvals from the government and key regulators, the sale of a 25 per cent share took place on Thursday, a regulatory filing by Future Enterprises (FEL) said

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Future Group To Focus On Saving, Rebuilding Its Firms After RIL Deal Falls Through

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

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Future Group Stocks Plunge After Reliance Deal Falls Through

Shares of Future Supply Chain Solutions, Future Retail, Future Lifestyle Fashions, Future Consumer and Future Enterprises fell between 5 per cent and 20 per cent.

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Cannot Implement $3.4 Bn Deal With Future Group: Reliance Industries

The development comes a day after Future Group’s proposed deal to sell its assets to Reliance Retail was rejected by a majority of lenders to Future Retail

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Reliance Opens Up On Takeover Of Future Stores

The March 8 letter, seen by Reuters, reveals for the first time Reliance's stance on the events of the night of Feb. 25, when staff suddenly showed up at many of its rival's stores to take control over missed lease payments

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Future Enterprises Defaults On Rs 19.16 Cr Loan Repayment To PNB, Others

The due date for payment of Rs 19.16 crore was March 28, FEL said in a regulatory filing

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After Talks With Future Retail Fail, Amazon Goes On The Attack In Newspaper Ads

The US e-commerce giant has been contesting a $3.4 billion sale of Future Group's retail assets to the Reliance conglomerate that was announced in 2020, and the case is currently before the Indian Supreme Court.

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'The Shops Are Gone': How Reliance Stunned Amazon In Battle For Future Retail

The high-profile bitter dispute between corporate titans in which Amazon has sought to block Reliance's planned $3.4 billion purchase of Future Group's retail assets is currently before India's Supreme Court.

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Amazon, Future Agree To Talks After US Retailer Offers Olive Branch

The unexpected olive branch extended by Amazon comes days after rival Reliance, the country's biggest conglomerate, began a de facto takeover of Future's assets, seizing control of some 500 stores.

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Amazon Plans To File Criminal Case Against Future Over Store Transfers

For more than a year, Amazon and Future Group have been in a legal stand-off that has stalled Future's $3.4 billion sale of assets to Reliance Industries

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SC Asks Amazon, Future Group To Urge NCLAT To Decide Plea Of US E-commerce Major

The Delhi High Court on January 5 had stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latter's merger deal with Reliance

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FRL-Reliance Merger: SC Notice To Future Group On Plea Of Amazon

A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms and listed the plea for hearing on February 23.

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