Tag Archives: Future group

Two people directly familiar with Tuesday’s development at SIAC confirmed this. SIAC, on October 25, had approved a provisional order in favor of Amazon, preventing Future Group from continuing with the agreement. Amazon has also asked the Indian market regulator to prevent Future Group from merging six of its companies, …

Armed with a Superior Court order, Future Group has told Amazon that it is not responsible for paying any compensation as there has been no breach of contract. In a letter addressed to the American e-commerce giant, Future said that it has not breached any contractual clause that was signed …

The recent rally after the stock market closes has surprised many and has also benefited billionaire promoters in India. The super rich club grew to an all-time high of 90 billionaires (in dollar terms) against 80 at the end of December 2019. Together, these billionaires now have a combined wealth …

Written by Pranav Mukul | New Delhi | Updated: December 21, 2020 5:23:31 pm After Future’s deal with Reliance, Amazon said the deal was a violation of a non-compete clause and a preemptive right pact it had signed with Future Group. On Monday, the Delhi High Court refused to grant …

Markets are likely to remain volatile on Thursday, while trends in SGX Nifty suggest a flat open for benchmark Indian stock indices. Traders are likely to be cautious ahead of the Reserve Bank of India’s (RBI) monetary policy review on Friday. The central bank is likely to keep interest rates …

MUMBAI: The Competition Commission of India (ITC) on Friday authorized the oil giant to telecommunications Dependency industries‘offer to buy Future groupretail assets even as Amazon.com sought to block the potential deal, claiming contractual violations by the latter. India’s antitrust body is a setback for US giant Amazon, which has argued …

National equity indices hit new all-time highs on Tuesday as positive news from Moderna Inc, that its Covid-19 vaccine has a 94.5 percent success rate, boosted investor sentiment. The indices broke their previous highs hit on November 14 during the one-hour Muhurat Trading special. Among top-tier indices, the S&P BSE …

Kishore Biyani’s flagship company Future Retail Ltd (FRL) reported a consolidated net loss of Rs 692.36 crore for the September quarter on Friday as the disruption from the coronavirus pandemic took its toll. The company had posted a net profit of Rs 165.08 crore in the same quarter last fiscal …

The legal battle between Future Group and Amazon.com Inc. over the ₹The 24,713 crore settlement with Reliance Industries Ltd (RIL) is growing like a snowball, with the two litigants adopting the dual strategy of taking the case in the Indian courts and the Singapore arbitration court. While Kishore Biyani’s Future …

Amazon.com has asked the country’s market regulator to investigate Future Retail for insider trading, it showed a letter seen by Reuters, as it seeks to prevent its business partner from becoming part of rival empire Reliance. The firm has been lobbying the Securities and Exchange Board of India (Sebi) to …