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Future Vs Amazon: Delhi High Court Stays International Arbitration Proceedings

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.
Mukul Rohatgi Harish Salve Justice Jyoti Singh While The Future Group Retail Ltd Delhi High Court On

Future Consumer registers Rs 155 cr loss in Q4, revenue slumps by 59%

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...
Consumer Ltd Future Consumer Ltd Future Consumer Uture Consumer Q4 Uture Consumer Q4 Results Uture Consumer Revenue Loss Q4

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SIAC set for final hearing between Amazon and Future Group in July

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...
Tamil Nadu Coupons Ltd Enterprises Ltd Retail Ltd Consumer Ltd Singapore International Arbitration Centre

FMCG shares spurt

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...
Uttar Pradesh Dalmia Bharat Sugar Industries Ltd Zydus Wellness Ltd Uttam Sugar Mills Ltd Avadh Sugar Energy Ltd Balrampur Chini Mills Ltd

FMCG stocks edge lower

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...
India General Dalmia Bharat Sugar Industries Ltd Foods Ltd Godrej Agrovet Ltd Prataap Snacks Ltd Consumer Ltd

FMCG stocks ease

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...
India General Foods Ltd Vishwaraj Sugar Industries Ltd Bajaj Consumer Care Ltd Emami Ltd Prabhat Dairy Ltd

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