The Future group on Monday said the NCLT can continue its hearing over the sale and merger of its retail business with Reliance Industries’ retail arm after a division bench of the Delhi High Court stayed the...
Retail
Amazon-Future battle: Relief for Future Group as court stays order blocking RIL
A division bench of the Delhi high court on Monday granted Future Group’s Kishore Biyani a reprieve from a single-judge order that froze his assets and restrained the group he founded from taking any steps to sell its...
Future Group moves division bench of Delhi High Court against order stalling deal with Reliance
The Future Group has moved the division bench of the Delhi High Court against the order passed by the single-member bench, which has directed to stay its Rs 24,713 crore deal with Reliance Industries to sell its retail...
Future Lifestyle may get a lifeline
Lenders to Future Lifestyle Fashions Ltd have prepared a draft debt resolution plan that will give the company that runs the Central and Brand Factory outlets a two-year repayments moratorium, but no concession on...
Delhi HC restrains Future, upholds SIAC ruling
Amazon.com Inc. won relief in a see-saw legal battle with Kishore Biyani’s Future Group after the Delhi high court on Thursday ordered Future Retail Ltd not to take any further steps to sell its assets to Mukesh...
Future Group urges SIAC to modify order to exclude FRL
Future Group, which is locked in a legal battle with Amazon.com Inc., has asked a Singapore arbitration court to remove Future Retail Ltd (FRL) from the scope of its order that temporarily blocked the Kishore Biyani-led...
China’s JD.com in talks to buy stake worth $1.5 billion in brokerage – sources
JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, three people said, as the e-commerce major aims to bolster its financial services operations. A deal to...
Tata seeks CCI nod to buy majority stake in BigBasket
Indian conglomerate Tata Sons plans to buy a majority stake in Alibaba-backed online grocery seller BigBasket, a filing with the country’s antitrust body showed on Friday. The deal, if approved, would put Tata...
Britain’s Next snaps up 25% stake in upmarket rival Reiss
British clothing retailer Next has agreed to buy a 25% stake in upmarket smaller rival Reiss and has an option to secure majority control, it said on Wednesday. The UK clothing sector has been hammered by COVID-19...
Casino’s parent Rallye in exclusive talks to sell Go Sport
Rallye, the indebted parent of French retailer Casino, said on Wednesday it has entered into exclusive talks to sell sports equipment unit Go Sport to French property group Financiere Immobiliere Bordelaise (FIB). If...
RIL to back Future Retail’s operations
Reliance Industries Ltd (RIL) has agreed to extend operational support to Future Retail Ltd to prevent its collapse while its ₹24,713-crore deal to buy the cash-strapped retailer’s assets awaits approval from a company...
Traders’ body asks Amazon to back off from RIL-Future Group deal
Traders’ body AICPD and NGO Prahar in an open letter on Thursday asked Amazon to ‘back off’ from blocking the Reliance-Future Group deal, alleging mall vendors and suppliers have become collateral...
