All Strange Things About India and world
Last week, Amazon had accused FRL’s independent directors of facilitating a “fraudulent stratagem”.New Delhi: Future Retail Ltd (FRL) has denied Amazon’s allegations that the debt-ridden firm’s independent directors facilitated a…
Earlier in March, FRL’s director Rahul Garg had resigned from the board.New Delhi: Debt-ridden Future Retail Ltd’s CEO Sadashiv Nayak has resigned from the post seven months after his appointment,…
Future and Amazon did not respond to emails seeking comment.Dispute settlement talks between Amazon.com Inc and India’s Future Retail failed over the U.S. group’s demand for the return of at…
Amazon has been contesting the sale of Future Group’s retail assets to Reliance.New Delhi: U.S. retail giant Amazon.com Inc on Tuesday accused Future Retail and Reliance Industries (RIL) of “fraud”.…
Future last month challenged its lenders in the Supreme Court to avoid facing insolvency proceedings.Mumbai: Lenders to India’s Future Retail have started classifying the retailer as a “non-performing asset” after…
S&P Global Ratings has downgraded Future Retail Limited’s long-term issuer credit ratingNew Delhi: S&P Global Ratings on Wednesday downgraded Future Retail Limited’s long-term issuer credit rating from ‘CCC-‘ to ‘SD’…
The High Court on Tuesday had dismissed the pleas moved by Future Group companies.New Delhi: Future Retail and its promoters have filed appeals before the division bench of the Delhi…
Antitrust body CCI had suspended the 2019 deal saying Amazon suppressed information.MUMBAI: Future Retail has asked Delhi High Court to declare ongoing arbitration proceedings with Amazon.com illegal, saying the country’s…
Future Retail shares gained 19.92 per cent to hit the upper circuit of Rs 57.50.New Delhi: Shares of India’s Future Group companies surged as much as 20 per cent on…
Amazon has been locked in a tussle with Future and accuses it of breaking contracts.New Delhi: A Singapore arbitration panel has rejected Future Retail’s plea to quash an order from…