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Future Retail

'Amazon's contention misconceived': Future asks bourses to process RIL deal

A week after a Singapore arbitration court directed a temporary stay on Future Retail's buyout by RIL-led Reliance Retail Ventures Ltd (RRVL), Future urged the Indian exchanges, the BSE and the NSE, to process its application for the deal...

Jeff Bezos, Mukesh Ambani set for long-drawn war over Future Retail

As Reliance Industries Ltd (RIL) stepped into the e-commerce space with JioMart, speculations ran rife over two of world's richest individuals up for a confrontation in the market. But RIL's proposed acquisition of Future Group's retail business has just...

Deal with RIL in line with Indian laws, not party to agreement with Amazon: Future

After a Singapore arbitration court ordered a temporary stay on Reliance Retail's acquisition of the debt laden Future Group's retail business, the latter has said that the deal with Reliance Retail is in consonance with Indian laws. It further said...

Powered by Reliance deals, M&As up 6 pc in Q3 at US$ 21.6 bn

The deal street has come out of the record lows in the pandemic-washed out June quarter with transaction value growing almost 6 percent to US$ 21.64 billion in the third quarter, thanks to a string of equity sales by...

Future Retail logs Q4 net loss of Rs 477.63 crore

Future Retail Ltd (FRL) reported a consolidated net loss of Rs 477.63 crore for the quarter ended March 2020. According to a PTI report: The company, which owns brands like Big Bazaar, fbb, Foodhall, Easyday and Nilgiris, had posted a...

Kishore Biyani, a pioneer of Indian retail, man who took convenience shopping to the masses

Kishore Biyani, popularly known as KB among colleagues and considered as the pioneer of modern retail in India taking convenience shopping to the masses, is finally bowing to the winds of change blowing across the sector, giving the control...

Future Retail repays $14 mn interest to investors, averts default

Kishore Biyani-led Future Retail has averted a default as it repaid around US $14 million (around Rs 100 crore) interest on foreign bonds to investors. The 30 day grace period for repaying the interest on '5.60 percent Senior Secured Notes...

Reliance Group set to emerge as the leader in the Indian retail landscape, says GlobalData

Reliance Industries Limited (RIL) is grabbing every single opportunity, be it collaborating with technology companies, acquiring leading retailers or adding physical stores or its entry into the online retail space for gaining access to advanced technologies, to gain a...

Unable to comment on rumours about deal with Future Group: RIL

Reliance Industries Limited (RIL) has clarified that it is unable to comment on speculation and rumours on a deal to acquire the retail businesses of Future Group. RIL was replying in a clarification to stock exchanges on a possible deal...

Future Retail explores, evaluates various opportunities for stake sale

Future Retail, responding to reports of talks to sell a stake in the firm to Reliance Industries Ltd (RIL), on Thursday said it continues to explore and evaluate various opportunities. According to a PTI report: Responding to the BSE over...
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