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Banks wary of delay in Future funding plan

The acquisition of Future Group by Reliance Industries is the only way out, in the long run, said the second person, also a senior banker.(File photo)

Published on Jul 07, 2021 12:00 am IST

FRL lenders clear recast, await Kamath panel nod

On an aggregate basis, Future Group owes around $3 billion in loans and lenders are trying to figure out a way to ensure the least possible hit on asset quality.(Mint)

Updated on Apr 19, 2021 12:36 am IST

News updates from HT: PM Modi urges bolstering of indigenous defence manufacture

Prime Minister Narendra Modi on Monday outlined that the country now has to step out from an import-dependent status and fast track its defence manufacturing capabilities. (PTI Photo)(PTI)

Updated on Feb 22, 2021 01:00 pm IST

Future Group creditors scramble to recover $2.5 billion loans

The Future group and Amazon have been locked in a battle after the US-based company took FRL into an emergency arbitration over alleged breach of contract.

Published on Feb 16, 2021 02:03 pm IST

Advantage Future Group as HC lifts stay on Reliance deal

A man walks inside the Big Bazaar retail store in Mumbai, India. (Reuters)

Published on Feb 09, 2021 02:16 am IST

Biyani barred for one year on insider trading charges by Sebi

The decision comes even as Biyani’s sale of his businesses to Mukesh Ambani’s Reliance Retail is facing legal challenges from Amazon.com Inc.(Mint)

Published on Feb 04, 2021 06:53 am IST

Sales to normalise by Jan-end, getting orders from Jio Mart: Kishore Biyani

Over the past six weeks, the digital business of Ambani’s Reliance Industries Ltd, known as Jio Platforms, raised a striking $10 billion from global investors.(Bloomberg)

Published on Jan 10, 2021 02:57 pm IST

Amazon was fully aware of talks with RIL for sale of retail assets: Future Group CEO Kishore Biyani

Future Group Founder and CEO Kishore Biyani does not expect any hurdle after the order of the Delhi High Court which has directed the regulators to take an independent call on the issue.(Hemant Mishra/Mint)

Published on Jan 05, 2021 04:17 pm IST

In India’s retail, a battle of the billionaires

Jeff Bezos, president and CEO of Amazon, and Mukesh Ambani, Chairman and Managing Director of Reliance Industries, are seen in this combination photo.(REUTERS)

Updated on Dec 23, 2020 04:54 am IST

Amazon’s legal suit prolongs wait for lenders to Future group

While Future group firms owe close to ₹16,000 crore to a clutch of banks and debt mutual funds, Future group founder Biyani owes an additional ₹11,000 crore to several lenders.(Reuters)

Updated on Oct 19, 2020 06:09 am IST

Biyani eyes a lifeline from Blackstone to offload debt

Kishore Biyani’s debt-related troubles surfaced in March when shares of his listed companies crashed.(Mint Photo)

Published on May 07, 2020 11:41 pm IST

Paytm plans to cash in on Amazon’s India distress

Paytm plans to cash in on Amazon’s India distress.(HT Mint)

Updated on Feb 16, 2019 06:25 pm IST

Snapdeal posts ₹4,647 crore net loss in 2016-17

Updated on Apr 29, 2018 10:01 pm IST

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