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FRL lenders clear recast, await Kamath panel nod
By Shayan Ghosh, Hindustan Times, Mumbai
UPDATED ON APR 19, 2021 12:36 AM IST
A group of 28 lenders approved extension of loan repayment period by up to two years.
News updates from HT: PM Modi urges bolstering of indigenous defence manufacture
By hindustantimes.com, Hindustan Times, New Delhi
UPDATED ON FEB 22, 2021 01:00 PM IST
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Future Group creditors scramble to recover $2.5 billion loans
Reuters |
PUBLISHED ON FEB 16, 2021 02:03 PM IST
- Future, India's No.2 retailer with more than 1,700 stores, has been hit hard by the pandemic and agreed to sell most of its retail assets to Mukesh Ambani-led Reliance in a $3.4 billion deal. The transaction, however, has faced legal hurdles with e-commerce giant Amazon.
Advantage Future Group as HC lifts stay on Reliance deal
By Richa banka, New Delhi
PUBLISHED ON FEB 09, 2021 02:16 AM IST
The judges rejected a plea by Amazon to keep its order in abeyance for a week, and said they saw no reason to maintain status quo on the Future Retail assets.
Biyani barred for one year on insider trading charges by Sebi
By Anirudh Laskar, Livemint, Mumbai
PUBLISHED ON FEB 04, 2021 06:53 AM IST
Biyani, a pioneer of Indian retail, has also been barred from transacting in securities of Future Retail for two years.
Sales to normalise by Jan-end, getting orders from Jio Mart: Kishore Biyani
PTI | , New Delhi
PUBLISHED ON JAN 10, 2021 02:57 PM IST
Future Group companies and the promoters together have a debt of over ₹20,000 crore.
Amazon was fully aware of talks with RIL for sale of retail assets: Future Group CEO Kishore Biyani
New Delhi | By Press Trust of India | Posted by Deepali Sharma
PUBLISHED ON JAN 05, 2021 04:17 PM IST
He hinted that the arbitration and the process of completion of the Rs 24,713 crore-deal with Reliance Retail Ventures Ltd (RRVL), subsidiary of RIL would continue in parallel.
In India’s retail, a battle of the billionaires
Livemint, New Delhi | By Livemint
UPDATED ON DEC 23, 2020 04:54 AM IST
The battle for dominance in one of the fastest-growing major retail markets is being fought on the ground in India and the courts in Singapore and New Delhi.
Amazon’s legal suit prolongs wait for lenders to Future group
Livemint | By Kalpana Pathak & Jayshree P Upadhyay
UPDATED ON OCT 19, 2020 06:09 AM IST
Amazon has cited a clause in the company’s 2019 investment pact in Future Coupons Ltd that specifically bars the Future group from forging a pact with Reliance Industries, Mint reported on 16 October.
Biyani eyes a lifeline from Blackstone to offload debt
Mint, Mumbai | By Deborshi Chaki and Swaraj Singh Dhanjal
PUBLISHED ON MAY 07, 2020 11:41 PM IST
Biyani’s debt-related troubles surfaced in March when shares of his listed companies crashed, triggering a rating downgrade of the promoter holding company and invocation of pledged shares by lenders.
Paytm plans to cash in on Amazon’s India distress
Bloomberg | By Saritha Rai
UPDATED ON FEB 16, 2019 06:25 PM IST
The new regime forbids retailers from holding any business interest in online merchants on their websites, exclusive arrangements and deep discounts.
Snapdeal posts Rs 4,647 crore net loss in 2016-17
Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON APR 29, 2018 10:01 PM IST
The company’s total income also declined by 12.6 per cent to Rs 1,291.3 crore in FY2017 from Rs 1,478.2 crore in the previous year.