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Friday, November 1, 2024
TopicFuture group

Topic: Future group

Reliance Retail eligible to submit resolution plan for Future Enterprises bankruptcy

Reliance Retail is also among a list of 49 companies eyeing another Future Group company, Future Retail.

Amazon takes on Ambani again in India. This time, over cricket

The bruising battle for control of a bankrupt Indian retailer isn’t over yet, and two of the world’s richest men are already heading for a second round on the cricket field.

Italian Generali buys 25% stake worth Rs 1,250 cr in insurance JV from embattled Future Group

The stake sale, which will give Generali majority control over the JV, comes as the Future Group is locked in a prolonged legal battle with partner Amazon.

Delhi HC dismisses Future Group’s pleas seeking termination of Amazon arbitration

In October 2020, Future Group had been dragged by Amazon into a legal battle at the Singapore International Arbitration Centre, over a deal with Mukesh Ambani's Reliance Retail

CCI slaps Rs 202 cr penalty on Amazon, suspends approval for deal with Future Coupons

This comes amid a bitter legal battle between Amazon and Future Group over the latter’s proposed Rs 24,713 crore-deal with Reliance.

ED summons Amazon over ‘breach’ of India’s forex laws in Future Group deal, report says

The agency is examining whether Amazon bypassed the rules when it invested Rs 1,430 crore to purchase a 49% stake in the Future Group in 2019.

Future Group’s Biyanis bound by EA award on Reliance deal, Amazon tells SC

Senior advocate Aspi Chinoy, appearing for Amazon, said Biyanis negotiated and induced Amazon to enter into multiple agreements.

SC to hear Amazon plea against Delhi HC verdict in Future-Reliance deal on 20 July

Advocate Harish Salve, representing Future group, informed that a Singapore tribunal will commence hearing from 12 July and requested the proceedings be adjourned for a week.

Future Retail’s resolution plan to restructure bank debt eases some immediate concerns

The debt resolution plan, accepted by lenders, is subject to approval by a committee formed by the RBI and exchanges.

SC stays proceedings before Delhi High Court in Amazon-Future Group case

Amazon had moved the apex court on 8 April challenging Delhi HC order that had vacated a stay on Future Group proceeding with its Rs 24,713 cr asset sale to Reliance.

On Camera

16th BRICS Summit was about building dollar-free world order. India can use it to expand trade

For New Delhi, a USD-free system is not an immediate priority nor an existential necessity to unconditionally support the China-Russia agenda.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

From 2004 to 2024, bad news has come wrapped as good news for Congress

Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.