Page 20 - Future Enterprises News Today

Nestle India: The FMCG major on Tuesday reported a 14.6 per cent year-on-year (YoY) growth in its net profit at Rs 602 crore for the quarter ending March 2021. It was Rs 525 crore in the year-ago period. Future Retail, Future Enterprises: The Reserve Bank of India (RBI) mandated KV Kamath committee has approved banks proposal to restructure loans to Future Retail and Future Enterprises the two main arms of the Kishore Biyani-led group, a media report said. Earnings Today: Cyient, Tata Elxsi and...

Kamath committee approves Future Retail, Enterprises restructuring SECTIONS Share Synopsis This is the second large restructuring approved by the five member Kamath committee. Late last month it had approved a Rs 10,900 crore restructuring plan for the Shapoorji Pallonji Group. Reuters Future Enterprises which holds its supply chain; and Future Lifestyle Fashions which houses apparel brands like Central and Brand Factory, the total debt of the group stands at about Rs 21,000 crore. Banks will n...

Lenders to Future Enterprises, Future Supply Chain Solutions approve debt restructuring SECTIONS Last Updated: Apr 20, 2021, 10:48 PM IST Share Synopsis The boards of both the companies -- Future Enterprises and Future Supply Chain Solutions -- have approved the lenders plan to restructure the existing secured financial debt, the firms said in separate regulatory filings. Agencies Future Enterprises said its restructuring plan would be subject to approval from the Expert Committee formed by RBI...

Here are the top stocks to track in todays session: Earnings Today: Wipro, Blue Blends (India), Hathway Bhawani Cabletel & Datacom and Tinplate Company of India are scheduled to announce their quarterly numbers on Thursday. Most brokerages expect Wipros net profit to rise between 23-30 per cent year-on-year (YoY) but the figure could contract on a quarter-on-quarter (QoQ) basis. Infosys: The company posted a 17.5 per cent jump in net profit for the March quarter on YoY basis, even though it ...

Updated Apr 15, 2021 | 09:46 IST This proposal will help the cash-strapped group buy time and keep an alternative ready, as it still awaits judicial clearance to complete the sale of its business to Mukesh Ambani’s Reliance Retail. Representational image&nbsp New Delhi: Future Group led by Kishore Biyani has promised lenders to pay an aggregate of Rs 6,900 crore in two tranches by the end of the current fiscal to work out a loan restructuring agreement with its lenders ...

Amazon moves SC against Delhi HC stay order restraining Future Retail deal with Reliance PTI New Delhi | Updated on April 14, 2021 Will ‘defend the matter/proceedings through our legal counsels’: Future Retail Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge’s order restraining Future Retail Ltd from going ahead with its ₹24,713-crore deal with Reliance Retail to sell its business. "The companys advocates a...

Defaulted amount: ₹300 crore, interest payable: ₹15,16,48,248

Future Enterprises Ltd (FEL) has defaulted on payment of interest on non-convertible debentures (NCDs). The company is unable to service its obligations in respect of the interest on NCDs due on April 12, 2021, Future Enterprises said in a regulatory filing late on Tuesday night. Gross principal amount on which the default has occurred is Rs 300 crore and interest payable was Rs 15,16,48,248. FEL develops, owns and leases retail infrastructure for the Future Group. It handles backend operati...

Reliance to extend long stop for Future Group deal to September 2021 SECTIONS Share Synopsis "Pursuant to the provisions of scheme and other transaction documents executed in relation thereto, RRVL has in exercise of the right provided thereunder, extended the timeline for Long Stop Date from March 31, 2021 to September 30, 2021," said Future Retail in a statement. Agencies Reliance Retail Ventures Ltd, a unit of Reliance Industries, agreed to buy the retail assets of Future Group on a slump sa...

ET Stocks NEWS Powered by SBI, Kotak Bank & IRCTC send out sell signal, select smallcap stocks look set to rally, suggests MACD SECTIONS SBI, Kotak Bank & IRCTC send out sell signal, select smallcap stocks look set to rally, suggests MACDBy Share Synopsis The list included HBL Power Systems, Snowman Logistics, Zuari Agro Chemicals, Newgen Software Tech, Muthoot Finance and Dishman Carbogen. These stocks gained up to 14 per cent intraday so far. Getty Images...