Avni and Ashni Biyani to target the premium segment with a gourmet offering
3 min read14 Mar 2024Future Retail was dragged into insolvency proceedings by its lender Bank of India after it defaulted on loans.
2 min read11 Mar 2023April Moon Retail Private Ltd, a JV between Adani Airport holdings and Flemingo group, Reliance Retail ventures have submitted EOI for Future Retail
1 min read11 Nov 2022According to data from Care Ratings, the company owes banks ₹6,278 crore.Future Retail’s lenders include Union Bank of India, Bank of India, Bank of Baroda, State Bank of India, Indian Bank, Central Bank, Axis Bank and IDBI Bank.
2 min read24 Dec 2021The winner in the fight for Future Retail Ltd, Amazon's estranged local partner, will get pole position in the race to meet the daily needs of more than a billion peopleIndia's retail market will grow 46% over the next four years to an annual $1.3 trillion
3 min read27 Nov 2020FRL had raised objections to its inclusion as party to the arbitrationOn 5 October, Amazon initiated arbitration proceedings before SIAC against the Future Group promoters—FCPL and FRL
1 min read26 Nov 2020Revenue from operations fell 74% to ₹1,424.21 crore against ₹5,449.06 crore in the corresponding quarter last fiscal
2 min read13 Nov 2020Justice Mukta Gupta issued summons to Amazon, Future Coupons and Reliance Retail Ltd on the FRL suit and asked them to file their written statements within 30 days
1 min read10 Nov 2020Amazon found relief from the Singapore International Arbitration Centre by arguing that Future Group had breached their contract with the ₹24,713-cr RIL deal
2 min read7 Nov 2020'Any attempt on the part of Amazon to enforce the Emergency Arbitrator order shall be resisted to the fullest extent available under Indian law,' Future Retail told exchangesFuture Retail also told exchanges that Amazon has sought damages of ₹1,431 cr along with interest
4 min read1 Nov 2020The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared