Talks between Amazon and the Future Group for an out-of-court settlement of their dispute have failed, and the US company on Tuesday renewed its plea in the Supreme Court for allowing arbitration proceedings in Singapore to resume. “The conversation is over … Nothing is happening,” Gopal Subramanium, senior lawyer representing Amazon, told the top court … Read more
Future Group founder Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Limited (FCRL) have moved the Securities Appellate Tribunal (SAT) against the Sebi order banning them from the capital market for one year. On February 3, the Securities and Exchange Board of India (Sebi) had banned the Biyani bothers and FCRL from accessing … Read more
The Securities and Exchange Board of India (Sebi) on Wednesday barred Future Group CEO Kishore Biyani from accessing securities market for a period of one year. Biyani won’t be allowed to buy, sell or deal in securities of for two years. Sebi said that it reached the decision on Biyani after probe into use of … Read more
JioMart has a lot of on-the- ground presence and a lot of retail stores are there. It will get bolstered by the Future Group acquisition, says Amnish Aggarwal, Head of Research, Prabhudas Lilladher. What are you making of the KKR investment in Reliance Retail? It holds about 1.28% equity stake for about Rs 5,550 crore. … Read more
NEW DELHI: Future Group firm Future Consumer Ltd (FCL) on Monday said it has defaulted on payment of principal redemption and interest on non-convertible debentures. The current default amount includes principal of Rs 20 crore and interest of Rs 2.03 crore, payable annually, it said. In a regulatory filing, the company said it has been … Read more