Page 13 - Future Consumer News Today

The approval comes just three weeks after the tribunal allowed the Future group to seek approval of its shareholders and creditors on the merger with Reliance Retail

On October 11, Sensex rose 77 points to end at a record closing high of 60,136 on Monday, tracking gains in index heavyweights HDFC Bank, ICICI Bank, and ITC. Nifty rose 50.75 points or 0.28 per cent to its all-time closing high of 17,945.95.

The future of retail: Here's everything you need to know about the legal battle between Amazon vs Future Retail and Reliance.

Future group firms are convening meetings of their respective shareholders and creditors in November to seek approval to their proposed merger into Future Enterprises as part of the 24,713-crore deal with Reliance Retail. Several listed transferor firms including Future Retail, Future Consumer, Future Enterprises, Future Lifestyle Fashions, Future Markets Networks and Future

The scheme of arrangement between Future and Reliance Retail, announced in August last year entails consolidation of Future Group's 19 companies operating in retail, wholesale, logistics and warehousing assets into one entity -- Future Enterprises Ltd.

In the BSE 500 index, about 270 stocks ended the week on a negative note while the rest closed with gains. Among the gainers, just 14 counters registered double-digits gain during the week.

Read more about Sensex, Nifty snap four-day gains; Broader market outperforms on Business Standard. The barometer index, the S&P BSE Sensex, dropped 215.12 points or 0.39% to end at 54,227.72. The Nifty 50 index fell 56.4 points or 0.35% at 16,238.20.

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...

Nifty moved in a narrow range of 85 points throughout the session and formed a Doji candle on the daily chart, suggesting indecisiveness among traders. Analysts said the index may move sideways in the week ahead.

Read more about Big Bazaars online bet clicks as platform hits 50,000 orders a day on Business Standard. With this, it has achieved half its initial target within two months