All Strange Things About India and world
Reliance group, Adani bid for India’s debt-ridden Future RetailMUMBAI: Companies led by Asia’s richest man, Gautam Adani, and billionaire Mukesh Ambani, the owner of Reliance Industries have entered the fray…
The deadline had ended on Oct 20, but has been extended to Nov 3. (File)Mumbai: The resolution professional for India’s debt-laden Future Retail Ltd has extended the deadline for potential…
The National Company Law Tribunal (NCLT) on Monday reserved its order on the petition filed by Amazon opposing Bank of India’s plea to initiate insolvency resolution proceedings against debt-ridden Future…
An Indian appeals tribunal on Monday rejected Amazon’s appeal against an antitrust suspension of its $200 million (roughly Rs. 1,561 crore) investment deal with Future Group, saying the US company…
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…
Future Retail’s Chief Financial Officer C P Toshniwal resignsNew Delhi: Debt-ridden Future Retail’s Chief Financial Officer C P Toshniwal has resigned from the company, effective May 12.Toshniwal’s resignation is the…
Future Enterprises plans to raise Rs 3,000 crore from selling its stake in insurance businessNew Delhi: Debt-ridden Future Group firm Future Enterprises Ltd expects to raise around Rs 3,000 crore…
Bank Of India has initiated insolvency proceedings against Future RetailNew Delhi: Bank of India has moved the National Company Law Tribunal (NCLT), filing a petition to initiate insolvency proceedings against…
Two Future Group companies have collectively defaulted on loan repayments worth Rs 8,157.97 croreTwo leading companies of the Kishore Biyani-led Future Group – Future Retail Limited (FRL) and Future Enterprises…
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,…