The National Company Law Appellate Tribunal (NCLAT) will hear e-commerce major Amazon’s interim plea on February 14, seeking a stay over the order passed by fair trade regulator CCI that had suspended the over two...
Retail
DHL drags Future Supply Chain Solutions to NCLT over dues of Rs 7.26 crore
German logistics giant DHL has dragged Future Supply Chain Solutions to National Company Law Tribunal (NCLT) claiming it is owed Rs 7.26 crore for services it had rendered to the company, which it claims the latter has...
Amazon vs Future: SC sets aside HC orders, asks for fresh decision on merit
The Supreme Court Tuesday set aside three Delhi High Court orders including the refusal to grant a stay on the final arbitral award which had restrained Future Retail Ltd from going ahead with its Rs 24,731 crore merger...
Insolvency proceedings: SC asks banks’ response on Future Retail’s plea
The Supreme Court today asked a consortium of banks to file an affidavit after Kishore Biyani-led Future Group Ltd ((FRL) sought the quashing of their warnings against the company for starting insolvency proceedings...
Amazon-Future case; SC to pronounce verdict on pleas of Future group firms
The Supreme Court is scheduled to pronounce on Tuesday the verdict on a batch of pleas filed by Future group firms against a Delhi High Court order declining stay on an arbitration tribunal decision refusing to...
Online retailer Farfetch enters beauty sector with Violet Grey purchase
London-based online luxury fashion retailer Farfetch said it plans to purchase U.S.-based beauty retailer Violet Grey, marking its expansion into the cosmetics business with an eye to reaching younger consumers. The...
Supreme Court to hear Future Retail’s plea against lenders on January 31
The Supreme Court will hear Future Retail’s plea against lenders on January 31. The Kishore Biyani-led company had filed a petition, requesting the Supreme Court to pass an order to refrain its lenders from declaring it...
Japan’s Marubeni to sell Gavilon grain business to Glencore arm for $1.1 bln
Japanese trading house Marubeni Corp will sell the grains business of its U.S. unit Gavilon to commodities trader Glencore PLC’s Viterra arm for $1.125 billion, plus working capital, Viterra said on Wednesday...
CAIT files complaint with CCI accusing Amazon of concealing facts for More Retail takeover nod
Traders’ body CAIT on Monday filed a complaint with the Competition Commission of India against Amazon accusing the e-commerce major of committing a fraud while seeking approval for the takeover of More...
Luxury goods group Kering to sell watches division
Kering is shedding its watches division, with plans to sell high-end labels Girard-Perregaux and Ulysse Nardin to current management, a move that will allow the French luxury goods group to focus on activities in which...
RIL invests ₹7,600 cr on acquisitions in first three qtrs to strengthen retail arm
Reliance Industries Ltd (RIL) has spent more than ₹7,600 crore over the past nine months of this fiscal towards investing in and acquiring assets to strengthen its retail business, according to Gaurav Jain, head...
Kohl’s gets $9 billion bid from Starboard Value Group
A consortium backed by activist hedge fund Starboard Value LP has offered roughly $9 billion to buy department store Kohl’s Corp., according to people familiar with the matter. A group led by Acacia Research Corp...
