Future Retail | Zee News

Advertisement

NewsFuture Retail

Future Retail News

09 May 2022

Big Bazaar vouchers go useless after most stores shut

Only 30 Big Bazaar stores are operational. Big Bazaar customers can't redeem vouchers. Big Bazaar is trying to find a solution and it will make an announcement soon.

25 Feb 2022

CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT

Senior counsel Gopal Subramaniam, representing Amazon, submitted before the appellate tribunal that the jurisdiction and statutory authority of CCI are in question in the appeal filed by the company. Form II pertains to submission of summary of a proposed combination. While listing the matter for Monday, NCLAT also said that it would try to commence day-to-day hearing in the matter.

23 Jan 2022

Amazon confirms Samara Capital ready to invest Rs 7,000 crore in FRL

Amazon said the transaction envisaged in the Samara Term Sheet would ensure availability of funds in FRL at the earliest. Future and Amazon have been locked in a bitter legal tussle after the US e-commerce giant dragged Future Group. Earlier this month, Future Retail had said it had missed the due date for payment of Rs 3,494.56 crore to banks and lenders.

02 Jan 2022

Future Retail misses due date for payment of Rs 3,494.56 crore to banks

Future Retail had last year entered into a one-time restructuring scheme for COVID-19 hit companies with a consortium of banks and lenders. The company was to cough "an aggregate amount of Rs 3,494.56 crore" on or before December 31, 2021. There were 28 banks, which have lent money to the group's retailing firm.

18 Dec 2021

CCI fines Amazon Rs 202 crore suspends approval for deal with Future Coupons

CCI has imposed a penalty of Rs 202 crore on Amazon. CCI said that Amazon ought to have notified the combination and Future Retail (FRL) shareholding agreement.

Reliance Future Deal

09 Sep 2021

Future-Reliance deal: SC stays Delhi HC proceedings

Senior advocate Gopal Subramanium, appearing for Amazon, has challenged the merger. The FRL and FCPL have moved the top court against the Delhi High Court order of August 17. The High Court had also ordered attachment of properties.

25 Aug 2021

Future Retail appoints Big Bazaar’s chief Sadashiv Nayak as new CEO

FRL operates retail stores as Big Bazaar, fbb, Foodhall, Easyday and Nilgiris. Nayak, an alumnus of NIT Karnataka and XLRI, Jamshedpur, has over 27 years of experience. Nayak was associated with Hindustan Unilever Limited and Asian Paints Limited.

06 Aug 2021

SC rules in Amazon's favour, holds Singapore award against FRL-Reliance Retail

“The EA Order is an order within section 17 (1) and can be enforced under Section 17(2) of the Arbitration and Conciliation Act,” it said. Justice Nariman said the top court has agreed with the findings of the single-judge of the Delhi High Court which had found the EA award in favour of the US firm to be enforceable in India. Amazon.Com NV Investment Holdings LLC and FRL are embroiled in a bitter legal fight over the deal.

02 May 2021

Big Bazaar aims to double online sales contribution, helped by home delivery

Big Bazaar is already getting around 40 per cent of its sale order online. Big Bazaar has now extended its two-hour home delivery service to 150 cities. Big Bazaar had started taking orders online last year after the pandemic started.

05 Nov 2018

Amazon likely to buy 9.5% stake in Future Retail: Report

The potential deal, which is in its final stages, could be Rs 2,500 crore.

16 Oct 2018

Amazon likely to buy 7-8% stake in Future Retail: Report

The potential deal will be next in a series of acquisitions by Amazon.com Inc in one of the fastest-growing markets in the face of competition from Walmart Inc`s Flipkart.

Mutual fund investment

12 Dec 2017

These tax saving funds will give you handsome returns in 5 years

Fund manager looks for scalable businesses with a high return on capital and structural growth.

24 May 2017

Future Retail looks to expand neighbourhood stores

Kishore Biyani's Future Retail is looking at aggressive expansion of its 'neighbourhood stores' Easy Day and Heritage Fresh to 4,000 stores in three to five years.

23 Feb 2017

UK's Laura Ashley to set foot on India via Future Retail deal

UK's home furnishing brand Laura Ashley will enter India through a licensing deal with the Kishore Biyani-led Future Retail.

11 May 2016

Future Retail changes name to Future Enterprises

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

12 Mar 2016

Future Group open to selling Sri Sri Ayurveda products: Biyani

Home-grown retail major Future Group today said it is open for selling ayurvedic FMCG products of Sri Sri Ayurveda promoted by Sri Sri Ravi Shankar of Art of Living, as it has done with the range of products of Baba Ramdev-led Patanjali Ayurveda.

23 Dec 2015

Watch: Expert advice on Gati, Future Retail & L&T

Midcap Bazaar: https://goo.gl/439StW Antim Baazi: https://goo.gl/h4jDyh Subscribe to our channel at: https://goo.gl/cn4IdL Check out our website: http://zeenews.india.com/business Connect with us at our social media handles: Facebook: https://www.facebook.com/Zeebusinessonline Twitter: https://twitter.com/zeebusiness Google Plus: https://plus.google.com/+zeenews Lean back and watch some of our flagship shows and content of your choice by clicking the links below: Share Bazaar Live: https://goo.gl/6Z0YTO First Trade: https://goo.gl/Jhoybb Aapka Bazaar: https://goo.gl/1BA2JD Mandi Live: https://goo.gl/1Sii3I Top 20 Stocks: https://goo.gl/WZDSNw Property Plus: https://goo.gl/MrfYa1 Box Office: https://goo.gl/nZFP9r Brand Stand: https://goo.gl/IIcNKS The Big Idea: https://goo.gl/lMIJEb Mobiles & Gadgets: https://goo.gl/IeCHCL

Competition Commission

27 Aug 2015

Future Group-Bharti Retail's Rs 750-crore deal gets CCI nod

Competition Commission has cleared the proposed Rs 750-crore multi-tier merger deal between Future Group and Bharti Retail.

07 Aug 2015

Future Retail Q1 net profit falls 91% to Rs 6 crore

The company had posted a net profit of Rs 66.48 crore in the same period of previous fiscal, Future Retail said in a BSE filing.

04 May 2015

Trading in Future Retail shares under the lens

Sharp movements in shares of Future Retail, which Monday unveiled a deal with Bharti Retail, have come under the regulatory scanner for suspected trading on the basis of "unpublished price-sensitive information".

Loading...

NEWS ON ONE CLICK