Page 28 - Future Coupons News Today

Bezos wins the first point as Supreme Court rules in favour of Amazon, and puts on hold the $4.3 billion deal.

11 hours ago In 2019, Amazon acquired a 49 percent stake in a promoter company called Future Coupons, and India’s competition regulator had approved the deal. The Competition Commission of India (CCI) in a letter dated June 4 accused Amazon of concealing facts and making false submissions in 2019 when it sought approval for an investment in Future Coupons, Reuters reported on Wednesday. This news comes two days after the Supreme Court began hearing arguments on the legal battle between Future...

Synopsis Amazon filed lawsuits objecting the proposed sell-off saying its 2019 investment agreements in FCPL bars Future Retail from selling its assets to more than a dozen Indian and global entities including Reliance. Getty Images Amazon has told the Supreme Court that Future Retail was direct beneficiary of the ecommerce giant’s 2019 investment into Future Coupons while arguing that Singapore emergency arbitrator’s award putting on hold the Kishore Biyani flagship’s asset sale to Reli...

Amazon-Future case: Singapore tribunal begins hearing plea on Reliance Retail deal SECTIONS Share Synopsis This hearing will continue on Tuesday, while during the next two days, the bench will consider the request to lift the stay, people in the know said. Agencies A Singapore arbitration tribunal on Monday began hearing Future Group’s plea to lift the stay on the deal to sell its retail assets to Reliance Retail and exclude its flagship listed company as a party to the dispute with Amazon. T...

Supreme Court adjourns Amazon-Future case hearing SECTIONS Share Synopsis “Next week we all will be busy before the tribunal,” Salve told the court suggesting the arguments in the ongoing cases between Future and Amazon may not be concluded in one afternoon on Thursday. Agencies The SIAC is scheduled to start its pre-arbitration hearing on whether Future Retail - along with promoter group Future Coupons The Supreme Court on Thursday adjourned hearings until July 20 in a case involving Amazo...

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...

RIL entities seek NCLT nod for shareholders meeting to approve Future Group deal SECTIONS Last Updated: May 20, 2021, 11:02 PM IST Share Synopsis Reliance Retail and Reliance Fashion have approached the National Company Law Tribunal (NCLT) seeking its permission to hold meetings of their shareholders and creditors to consider and approve the proposed merger with Future Groups retail, logistics and warehousing business in a Rs 24,713 crore deal. Reliance Retail and Reliance Fashion have approac...

Reliance Retail moves NCLT for shareholder meet to approve Future deal Reliance stated that the legal proceedings involving Amazon and Future did not stop it from seeking its shareholders approval for the deal as the final verdict will come from Supreme Court BusinessToday.In | May 19, 2021 | Updated 23:16 IST Reliance Retail Ventures has reportedly asked National Company Law Tribunal (NCLT) for permission to hold a shareholders meet to consider and approve its Rs 24,715-crore deal with Future...

Biz Bazaar aims to double online sales contribution, helped by express home delivery service SECTIONS Last Updated: May 02, 2021, 05:31 PM IST Share Synopsis In certain markets, Big Bazaar is already getting around 40 per cent of its sale order online, said Future Group CMO - Digital, Ecommerce and marketing Pawan Sarda. The two-hour home delivery service has also got an encouraging response from customers amidst the sharp rise in pandemic cases and travel restrictions imposed by several state ...

The two-hour home delivery service has also got an encouraging response from customers amidst the sharp rise in pandemic cases.