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January 6, 2022
Shares of Future Group of companies on Thursday bounced back, rallying as much as 14 per cent, a day after the Delhi High Court stayed the Amazon-Future arbitration.
January 5, 2022
The Delhi High Court on Wednesday stayed the ongoing arbitration proceedings between the Future Group and Amazon. The interim order was passed by a division bench of Chief Justice DN Patel and Justice Jyoti Singh. The order comes after Future Retail Ltd. and Future Coupons Pvt. appealed the decision of the single-judge bench of Justice Amit Bansal, who dismissed petitions by Future Group entities.
November 26, 2021
IFPL has now become a wholly-owned subsidiary of FCL Tradevest and continues to be a step-down subsidiary of Future Consumer.
June 27, 2021
Future Consumer registers Rs 155 cr loss in Q4, revenue slumps by 59% Revenue from operations of FCL, which is the FMCG arm of the Future group, declined by 59.2 per cent to Rs 386.26 crore during January-March 2021 compared to Rs 947.07 crore in January-March 2020 Total expenses were at Rs 500.06 crore, down 52.5 per cent in the last quarter of 2020-21 against Rs 1,051.87 crore in the year-ago period PTI Updated Jun 27, 2021, 12:20 PM IST Future Consumer Ltd (FCL) on Saturday reported a...
June 27, 2021
The Singapore International Arbitration Centre (SIAC) is geared for a final hearing over a plea filed by Amazon against the Rs 24,713 crore deal between Future Group and Reliance Industries from July 2. A tribunal was constituted, as per a regulatory filing by Future Consumer Ltd (FCL) on Saturday, by SIAC for arbitration proceedings related to the Future-RIL deal on January 5, 2021. The filing noted that Future Retail Ltd has filed two applications before the Tribunal, first being an applicati...
June 2, 2021
Read more about FMCG stocks slide on Business Standard. FMCG stocks were trading with losses, with the S&P BSE FMCG Sector index decreasing 91.23 points or 0.69% at 13043.61 at 13:49 IST.
April 9, 2021
FMCG stocks were trading in the positive zone, with the S&P BSE FMCG Sector index rising 139.42 points or 1.08% at 13085.32 at 09:49 IST. Among the components of the S&P BSE FMCG Sector index, S H Kelkar & Company Ltd (up 7.01%), Gujarat Ambuja Exports Ltd (up 5.28%),Dalmia Bharat Sugar & Industries Ltd (up 4.22%),Dhampur Sugar Mills Ltd (up 3.98%),Balrampur Chini Mills Ltd (up 3.91%), were the top gainers. Among the other gainers were Avadh Sugar & Energy Ltd (up 3.86%), L T Foods Ltd (up 3.2...
February 8, 2021
FMCG stocks were trading in red, with the S&P BSE FMCG Sector index decreasing 47.13 points or 0.37% at 12727.43 at 13:48 IST. Among the components of the S&P BSE FMCG Sector index, DFM Foods Ltd (down 4.22%), Dwarikesh Sugar Industries Ltd (down 2.16%),Prataap Snacks Ltd (down 1.91%),Dalmia Bharat Sugar & Industries Ltd (down 1.83%),Britannia Industries Ltd (down 1.66%), were the top losers. Among the other losers were Godrej Agrovet Ltd (down 1.5%), Future Consumer Ltd (down 1.25%), Heritag...
January 28, 2021
FMCG stocks were trading with losses, with the S&P BSE FMCG Sector index decreasing 168.93 points or 1.34% at 12436.61 at 13:48 IST. Among the components of the S&P BSE FMCG Sector index, Prabhat Dairy Ltd (down 3.94%), Hindustan Unilever Ltd (down 2.89%),Varun Beverages Ltd (down 2.84%),Bajaj Consumer Care Ltd (down 2.5%),Future Consumer Ltd (down 2.09%), were the top losers. Among the other losers were Vishwaraj Sugar Industries Ltd (down 1.71%), Emami Ltd (down 1.67%), Cupid Ltd (down 1.53...