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Snapdeal drops IPO plan, withdraws DRHP

Snapdeal withdraws IPO plan to issue fresh equity shares amid weak market conditions, it might reconsider in the future New Delhi: E-commerce player Snapdeal has deferred its plan for IPO through which it was planning to issue fresh equity shares...

FRL’s digital database prior to insolvency not available for verification, says Compliance Officer

The company has now initiated the process of inviting competitive quotes to purchase the software necessary for the maintenance of the structured digital database to comply with Sebi regulations New Delhi: Future Retail's structured digital database prior to the corporate insolvency...

Barbeque Nation to come out with IPO offering

Casual dining chain Barbeque Nation Hospitality may come out with its initial share sale next week, merchant banking sources said on Friday. Barbeque Nation Hospitality is backed by private equity investor CX Partners and renowned stock market investor Rakesh Jhunjhunwala's investment firm Alchemy Capital, as per...

SC sends notice to Future Retail Ltd on Amazon plea against HC order

The Supreme Court Monday sought responses from Future Retail Ltd (FRL) and others on Amazon's plea against the Delhi High Court direction to maintain status quo on the Future-Reliance deal. The apex court said the proceedings before the National Company Law Tribunal (NCLT) will...

Delhi HC stays direction to Future-Reliance deal status quo order

The Delhi High Court on Monday stayed its single judge direction to Future Retail Ltd (FRL) and various statutory authorities to maintain status quo with regard to the Rs 24,713 crore deal with Reliance Retail. A bench of Chief Justice D N Patel...

SEBI ban on Kishore Biyani won’t affect Future-Reliance deal

Future Retail Ltd has said that SEBI's one-year ban on its Chairperson Kishore Biyani and some other promoters from the securities market will have "no impact" on the Rs 24,713 crore-deal with Reliance. Further, Kishore Biyani, some other promoters and Future Corporate Resources Pvt...

Future Group challenges court order blocking Reliance deal

Kishore Biyani-led Future Retail moved the Delhi High Court on Wednesday against its single judge order directing the company to maintain status quo on its Rs 24,713 crore deal with Reliance Retail, which has been objected to by US-based e-commerce giant Amazon. The...

SEBI bars Kishore Biyani from accessing securities market for 1 year

Capital markets regulator SEBI barred billionaire Kishore Biyani and related enterprises of his Future Group from accessing the securities market for a year. SEBI said that it reached the decision on Biyani after probe into use of unpublished price sensitive...

SEBI nod, BSE ‘no-adverse-observation’ given to Reliance-Future deal

Market regulator SEBI gave a go-ahead on Wednesday to Future Group's scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore deal. The Securities and Exchange Board of...

Future Group conceptualising 2 new brands, opening new stores even as its firms receive large orders from Reliance

Future Group firms have started getting large orders from Reliance Industries, its CEO Kishore Biyani said in an email to his employees on Tuesday. The group firms Future Consumer and Future Enterprises have recently received orders from Reliance Industries. "We have received a large order...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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