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Future Retail
Business  /  Published 05.08.22

Future Retail Ltd faces forensic audit

The Securities and Exchange Board of India (Sebi) has ordered a forensic audit of the financial statements of Future Retail Ltd (FRL), which is in the midst of a bankruptcy process. Group company Futu...
By Our Special Correspondent in Mumbai

Business  /  Published 21.07.22

FRL enters insolvency

A Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday allowed lenders led by the Bank of India (BoI) to initiate insolvency proceedings against Future Retail Ltd (FRL). The two-...
By Our Special Correspondent in Mumbai

Business  /  Published 13.06.22

Amazon must pay Rs 200cr penalty

The National Company Law Appellate Tribunal (NCLAT) on Monday rejected Amazon's plea challenging the decision of fair trade regulator CCI to suspend the approval for the e-commerce major's dea...
By Our Bureau, PTI in New Delhi

Business  /  Published 15.05.22

Future Retail CFO C.P. Toshniwal quits

Debt-ridden Future Retail’s chief financial officer C.P. Toshniwal has resigned from the company, effective May 12. Toshniwal’s resignation is the recent addition to the string of resigna...
By PTI in New Delhi

Business  /  Published 04.05.22

Future Retail: MD Rakesh Biyani quits

Future Retail Managing Director Rakesh Biyani has stepped down while officials, including the company secretary of the debt-ridden firm, have tendered resignations. The Future Group flagship firm is ...
By Our Bureau, PTI in New Delhi

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Business  /  Published 29.04.22

Raids on sellers on Amazon, Flipkart

India’s antitrust body launched raids early on Thursday against two top domestic sellers of online retail giant Amazon.com Inc, and some on Walmart’s Flipkart, following accusations of com...
By Reuters in New Delhi/Mumbai

Business  /  Published 27.04.22

S&P lowers Future bond rating

Standard & Poor’s (S&P) has lowered the rating on Future Retail Ltd’s (FRL) $500 million bonds from CCC- to CC, which implies the bonds  are ‘highly vulnerable&rsqu...
By Our Special Correspondent in Mumbai

Business  /  Published 25.04.22

Future Group: Focus on rebuilding firms

Debt-ridden Future Group is now focusing on saving and rebuilding firms such as -- Future Lifestyle Fashions, Future Supply Chain Solutions, Future Consumer and Future Enterprises, after the Rs 24,713...
By Our Bureau, PTI in New Delhi

Business  /  Published 24.04.22

RIL backs out of Future deal

Reliance Industries Ltd (RIL) has pulled the plug on its Rs 24,713 crore-deal with Kishore Biyani’s Future group to acquire its retail business — a prospect that loomed earlier this week a...
By Our Special Correspondent in Mumbai

Business  /  Published 23.04.22

Future lenders vote against Reliance deal

The secured creditors of Future Retail Ltd (FRL) have voted against the group’s plan to sell its retail and other assets to Reliance Retail, putting the Kishore Biyani-company's Rs 24,713-cr...
By Our Special Correspondent in Mumbai


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