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News
Future Retail
Future Retail News
Big Bazaar
09 May 2022
Big Bazaar vouchers go useless after most stores shut
Only 30 Big Bazaar stores are operational. Big Bazaar customers can't redeem vouchers. Big Bazaar is trying to find a solution and it will make an announcement soon.
Amazon
25 Feb 2022
CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT
Senior counsel Gopal Subramaniam, representing Amazon, submitted before the appellate tribunal that the jurisdiction and statutory authority of CCI are in question in the appeal filed by the company. Form II pertains to submission of summary of a proposed combination. While listing the matter for Monday, NCLAT also said that it would try to commence day-to-day hearing in the matter.
Future Retail
23 Jan 2022
Amazon confirms Samara Capital ready to invest Rs 7,000 crore in FRL
Amazon said the transaction envisaged in the Samara Term Sheet would ensure availability of funds in FRL at the earliest. Future and Amazon have been locked in a bitter legal tussle after the US e-commerce giant dragged Future Group. Earlier this month, Future Retail had said it had missed the due date for payment of Rs 3,494.56 crore to banks and lenders.
Future Retail
02 Jan 2022
Future Retail misses due date for payment of Rs 3,494.56 crore to banks
Future Retail had last year entered into a one-time restructuring scheme for COVID-19 hit companies with a consortium of banks and lenders. The company was to cough "an aggregate amount of Rs 3,494.56 crore" on or before December 31, 2021. There were 28 banks, which have lent money to the group's retailing firm.
Amazon
18 Dec 2021
CCI fines Amazon Rs 202 crore suspends approval for deal with Future Coupons
CCI has imposed a penalty of Rs 202 crore on Amazon. CCI said that Amazon ought to have notified the combination and Future Retail (FRL) shareholding agreement.
Reliance Future Deal
09 Sep 2021
Future-Reliance deal: SC stays Delhi HC proceedings
Senior advocate Gopal Subramanium, appearing for Amazon, has challenged the merger. The FRL and FCPL have moved the top court against the Delhi High Court order of August 17. The High Court had also ordered attachment of properties.
Future Retail
25 Aug 2021
Future Retail appoints Big Bazaar’s chief Sadashiv Nayak as new CEO
FRL operates retail stores as Big Bazaar, fbb, Foodhall, Easyday and Nilgiris. Nayak, an alumnus of NIT Karnataka and XLRI, Jamshedpur, has over 27 years of experience. Nayak was associated with Hindustan Unilever Limited and Asian Paints Limited.
Amazon
06 Aug 2021
SC rules in Amazon's favour, holds Singapore award against FRL-Reliance Retail
“The EA Order is an order within section 17 (1) and can be enforced under Section 17(2) of the Arbitration and Conciliation Act,” it said. Justice Nariman said the top court has agreed with the findings of the single-judge of the Delhi High Court which had found the EA award in favour of the US firm to be enforceable in India. Amazon.Com NV Investment Holdings LLC and FRL are embroiled in a bitter legal fight over the deal.
Big Bazaar
02 May 2021
Big Bazaar aims to double online sales contribution, helped by home delivery
Big Bazaar is already getting around 40 per cent of its sale order online. Big Bazaar has now extended its two-hour home delivery service to 150 cities. Big Bazaar had started taking orders online last year after the pandemic started.
Amazon.com Inc
05 Nov 2018
Amazon likely to buy 9.5% stake in Future Retail: Report
The potential deal, which is in its final stages, could be Rs 2,500 crore.
Amazon.com Inc
16 Oct 2018
Amazon likely to buy 7-8% stake in Future Retail: Report
The potential deal will be next in a series of acquisitions by Amazon.com Inc in one of the fastest-growing markets in the face of competition from Walmart Inc`s Flipkart.
Mutual fund investment
12 Dec 2017
These tax saving funds will give you handsome returns in 5 years
Fund manager looks for scalable businesses with a high return on capital and structural growth.
Kishore Biyani
24 May 2017
Future Retail looks to expand neighbourhood stores
Kishore Biyani's Future Retail is looking at aggressive expansion of its 'neighbourhood stores' Easy Day and Heritage Fresh to 4,000 stores in three to five years.
Laura Ashley
23 Feb 2017
UK's Laura Ashley to set foot on India via Future Retail deal
UK's home furnishing brand Laura Ashley will enter India through a licensing deal with the Kishore Biyani-led Future Retail.
Future Retail
11 May 2016
Future Retail changes name to Future Enterprises
Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
Future group
12 Mar 2016
Future Group open to selling Sri Sri Ayurveda products: Biyani
Home-grown retail major Future Group today said it is open for selling ayurvedic FMCG products of Sri Sri Ayurveda promoted by Sri Sri Ravi Shankar of Art of Living, as it has done with the range of products of Baba Ramdev-led Patanjali Ayurveda.
Gati
23 Dec 2015
Watch: Expert advice on Gati, Future Retail & L&T
Midcap Bazaar: https://goo.gl/439StW Antim Baazi: https://goo.gl/h4jDyh Subscribe to our channel at: https://goo.gl/cn4IdL Check out our website: http://zeenews.india.com/business Connect with us at our social media handles: Facebook: https://www.facebook.com/Zeebusinessonline Twitter: https://twitter.com/zeebusiness Google Plus: https://plus.google.com/+zeenews Lean back and watch some of our flagship shows and content of your choice by clicking the links below: Share Bazaar Live: https://goo.gl/6Z0YTO First Trade: https://goo.gl/Jhoybb Aapka Bazaar: https://goo.gl/1BA2JD Mandi Live: https://goo.gl/1Sii3I Top 20 Stocks: https://goo.gl/WZDSNw Property Plus: https://goo.gl/MrfYa1 Box Office: https://goo.gl/nZFP9r Brand Stand: https://goo.gl/IIcNKS The Big Idea: https://goo.gl/lMIJEb Mobiles & Gadgets: https://goo.gl/IeCHCL
Competition Commission
27 Aug 2015
Future Group-Bharti Retail's Rs 750-crore deal gets CCI nod
Competition Commission has cleared the proposed Rs 750-crore multi-tier merger deal between Future Group and Bharti Retail.
Future Retail
07 Aug 2015
Future Retail Q1 net profit falls 91% to Rs 6 crore
The company had posted a net profit of Rs 66.48 crore in the same period of previous fiscal, Future Retail said in a BSE filing.
Future Retail
04 May 2015
Trading in Future Retail shares under the lens
Sharp movements in shares of Future Retail, which Monday unveiled a deal with Bharti Retail, have come under the regulatory scanner for suspected trading on the basis of "unpublished price-sensitive information".
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