January 21, 2021 12:39 pm
Reliance share price: The RIL stock climbed as much as 3.07 per cent to Rs 2118.00 apiece on the BSE, while the National Stock Exchange (NSE), the scrip rose 3.08 per cent to Rs 2,118.00 per share. Future Retail shares too were locked in the 5 per cent upper circuit on both the exchanges.
January 06, 2021 5:26 am
The arbitration process is slated to start over the next fortnight and both the parties expect it to be over within the next 45-60 days, a source said.
December 22, 2020 12:19 am
The court, however, did not void FRL board’s nod for the Rs 24,173-cr deal with Reliance.
December 09, 2020 1:13 pm
Heritage Foods is promoted by the family members of former Andhra Pradesh Chief Minister N Chandrababu Naidu. The company said sale proceeds shall be mainly utilised for the repayment of term loans of the company.
November 27, 2020 4:44 am
FRL was, however, making the disclosures “out of abundant caution” as Amazon, the other party in the arbitration had adopted a media strategy of “having every development reported and converted into a line of communication with stock exchanges”.
November 13, 2020 5:22 pm
The company, whose promoter had announced Rs 24,713 crore deal to transfer the retail business to Reliance Industries owned Reliance Retail Ventures, had posted a net profit of Rs 165.08 crore in the July-September quarter in 2019, Future Retail Ltd (FRL) said in a BSE filing.
November 02, 2020 7:05 pm
After Future’s agreement with Reliance, Amazon said the deal was a violation of a non-compete clause and a right-of-first-refusal pact it had signed with the Future Group.
October 30, 2020 9:37 am
Amazon India has said that they must take cognisance of the interim order passed by an emergency arbitrator of the Singapore International Arbitration Centre (SIAC), barring Future Retail and its promoters from executing its deal with Reliance Retail.
October 27, 2020 9:56 am
Amazon had objected to the Future-Reliance deal, and subsequently instituted arbitration against Future Coupons, Future Retail and Future Group.
October 19, 2020 12:23 pm
Both Amazon and Biyani's Future Group have shown the willingness to opt for an arbitration to be decided in an international arbitration centre. While reports say the two companies could settle on going to the Singapore International Arbitration Centre, it is yet to be finalised.