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December 31, 2020
NEW DELHI: The Covid-hit Calendar 2020 made history on Dalal Street! Investors saw a record drop in stock prices, many stocks hit circuit filters while the benchmark indices climbed new highs amid a gloomy pandemic strike and then a gush of liquidity. During the roller-coaster ride, the equity market saw many stocks hit rock bottom at new 52-week low prices, while some latter scaled new highs and turned multibaggers in the process. Over 70 per cent of the BSE500 stocks doubled investor wealth ...
December 31, 2020
These 5 stocks eroded at least half of their value in 2020 SECTIONS Share Synopsis Here’s a quick look at the top wealth destructors among of 2020, among the BSE 500 pack. Getty Images GE Power India dropped 62 per cent in 2020, logging its worst yearly performance in a decade MUMBAI: While the domestic equity market had a stellar run this year despite the Covid-19 pandemic, some stocks still eroded half or more value for the year-to-date. Up nearly 14 per cent in 2020, equity benchmark Sense...
December 30, 2020
Updated Dec 30, 2020 | 09:12 IST Future Group is reopening its offices, hiring top management executives across formats, Future Group founder Kishore Biyani told employees in an email. Representational image  Key Highlights The retail chain operator had trimmed its operations due to a severe cash crunch amid the Covid-19 led nation-wide lockdown. In an email to employees, Kishore Biyani said Future Consumer and Future Enterprises have received large orders from Rel...
December 29, 2020
Synopsis This will be a big support for the cash-strapped future group firms before the completion of Rs 24,713 crore buyout of the countrys second-largest retailer by Reliance Industries arm. Agencies Future Group has requested the regulator to expedite the review of the proposed deal and issue a no-objection certificate, while Amazon has urged that the review of the "impugned transaction" be suspended. Future group firms have started getting large orders from Reliance Industries, CEO Kishore...
December 23, 2020
Representative Image Future Retail informs BSE, NSE about Delhi HC order, says Amazons attempt to control the company violative of FEMA FDI rules ANI | Updated: Dec 23, 2020 22:18 IST Mumbai (Maharashtra) [India], December 23 (ANI): Future Retail on Wednesday wrote a letter to BSE and NSE regarding Delhi High Courts recent judgement and apprised that Amazons attempt to control the company is violative of FEMA FDI rules. It also informed stock exchanges tha...
December 21, 2020
Generation X: the Generation Caring Both Up and Down Generation X will easily utilise services or products that will save them time and money so they can experience their own retirement painlessly. By 96five Contributors Monday 21 Dec 2020 By: McCrindle In our latest report on The Future Consumer, we aim to unpack the current traits, behaviours and mindsets of our current generations and understand where they might head in the future. We believe that generational analysis isn’t a passing fa...
December 21, 2020
Regulators will decide Future-Reliance deal: Delhi HC ANI | Updated: Dec 21, 2020 17:44 IST New Delhi [India], December 21 (ANI): The Delhi High Court on Monday held that the statutory authorities or regulators will decide on the approval of the Future-Reliance deal as per the law and declined a plea of Future Retail Ltd to restrain Amazon from interfering in its deal with Reliance Retail on the basis of an interim order of Singapore International Arbitrati...
December 21, 2020
The Delhi High Court on Monday declined to grant Kishore Biyani-led Future Retail Ltds (FRL) plea for an interim injunction restraining Amazon from writing to SEBI, CCI and other authorities about the arbitral order against its asset sale. On August 29 this year, the Future Group announced sale of its retail and wholesale business to Reliance Retail in a Rs 24,713 crore deal. It announced plans to merge key group companies, including Future Retail, Future Lifestyle Fashions, Future Consumer...
December 21, 2020
Updated Dec 21, 2020 | 11:06 IST On November 20, Delhi High Court had reserved verdict a plea Future Retail Ltd seeking to restrain Amazon from interfering in the Reliance Retail-Future deal on the basis of an interim order passed by SIAC Amazon-Future Retail case: Delhi High Court refuses to restrain Amazon from writing to SEBI, CCI  New Delhi: In a major setback to Kishore Biyani-led Future Retail, the Delhi High Court on Monday refused to restrain e-Retail giant Am...
December 21, 2020
Taking Stock | Stocks fall like ninepins as volatility index jumps 25%; investors lose Rs 6.64 lakh crore Nifty formed a big red candlestick formation on the daily chart, erasing the gains of the last 11 days. December 21, 2020 / 04:55 PM IST Indian equities fell like ninepins on December 21 as reports of a new and virulent COVID-19 strain in the UK spooked investors. A new variant of the novel coronavirus has been identified in the United Kingdom. England’s Chief Medical Officer Chris Whi...