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Future Group shares rise up to 10% after Delhi HC lifts 'Status Quo' order on RIL deal

Future Group shares rise up to 10% after Delhi HC lifts Status Quo order on RIL deal Share of Future Group firm Future Retail gained 9.84% to Rs 80.40 on BSE. The stock has gained after 4 days of consecutive fall BusinessToday.In | February 9, 2021 | Updated 11:28 IST Future Lifestyle share gained 9.35% to Rs 90.60 on BSE Future Group stocks rallied in early trade today after the Delhi High Court stayed the implementation of a single-judge order to Future Retail Ltd (FRL) and various statutory...
Justicedn Patel Justice Jyoti Singh Justicejr Midha Retail Ltd Delhi High Court Share Of Future Enterprises

Barometers hit fresh intraday high; Future group stocks in demand

The equity benchmarks further extended gains and hit record high levels in mid-afternoon trade. At 14:25 IST, the barometer index, the S&P BSE Sensex, jumped 426.29 points or 0.83% to 51,775.06. The Nifty 50 index spurted 124.70 points or 0.82% to 15,240.50. The Sensex hit a record high of 51,835.86 and the Nifty hit a record high of 15,257.10 in mid-afternoon trade. Both the indices have gained over 11% in seven straight sessions. The broader market underperformed the benchmark indices. The S&...
Justicedn Patel Justice Jyoti Singh Division Bench Of The Delhi High Court Infrastructure Developers Amazon Inc Delhi High Court

Market ends flat after hitting record high; European shares correct

Domestic benchmarks reversed intraday gains and ended near the flat line after a volatile session on Tuesday. As per provisional closing data, the barometer index, the S&P BSE Sensex, fell 19.69 points or 0.04% to 51,329.08. The Nifty 50 index lost 6.50 points or 0.04% to 15,109.30. The Sensex hit a record high of 51,835.86 and the Nifty hit a record high of 15,257.10 in mid-afternoon trade. Investors booked profits after both the indices surged about 11% in the past six consecutive sessions. ...
India General Larsen Toubro Justicedn Patel Justice Jyoti Singh Division Bench Of The Delhi High Court Torrent Pharmaceuticals

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Kishore Biyani: Future Group stocks hit lower circuit limits after SEBI bans Kishore Biyani from capital market

Explore Now MUMBAI: Shares of most Future Group companies hit their 5 per cent lower circuit limits today after the Securities and Exchange Board of India (SEBI) banned the group’s chief executive officer, Kishore Biyani, from accessing the capital market for one year. In an order on Wednesday, SEBI said that its investigation found that Future Retail’s promoters including Biyani had traded the in the scrip while possessing undisclosed price sensitive information. Shares of Future Enterpris...
Kishore Biyani Exchange Board Of India Market Network Future Group Exchange Board Future Retail

Future Retail, other group stocks continue to fall as investors sell shares

Future Retail Ltd further tumbled 5 per cent on Thursday as investors continued to sell the companys shares for the second consecutive day. The stock declined 4.99 per cent to close at Rs 74.20 -- its lower circuit limit -- on the BSE. On Wednesday too, Future Retail Ltd (FRL) declined 5 per cent amid concerns related to the deal with Reliance Retail. Other group stocks also tumbled on Thursday, with Future Enterprises falling 4.94 per cent, Future Lifestyle Fashions declining 4.98 per cent ...
Kishore Biyani Employee Welfare Corporate Resources Pvt Ltd Retail Ltd Future Retail Ltd Future Enterprises

Future Group shares fall 5% as Delhi HC orders status quo on Reliance deal

Shares of Future Group companies were locked in lower circuit on the BSE on Wednesday, in an otherwise strong market, after the Delhi High Court on Tuesday asked Future Retail to maintain status quo with respect to its $3.4 billion (about Rs 24,700 crore) deal with Reliance Retail. The court said it was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon. Future Retail (Rs 78.10), Future Lifestyle Fashions (Rs 88.35), Future Consumer (Rs 8.21), Fu...
Justice Mukta Gupta Justice Midha Enterprises Rs Honble Delhi High Court Chain Solutions Rs Delhi High Court

Future Retail shares decline 5%; other group stocks also tumble

Shares of Future Retail on Wednesday declined 5 per cent amid concerns related to the deal with Reliance Retail. The Delhi High Court on Tuesday directed Future Retail Ltd (FRL) to maintain status quo in relation to its Rs 24,713 crore deal with Reliance Retail, which has been objected to by the US-based e-commerce giant Amazon. Future Retail tanked 4.99 per cent to close at Rs 78.10 -- its lower circuit limit -- on BSE. Other group stocks also declined, with Future Enterprises falling 4.94 ...
Retail Ltd Delhi High Court On High Court Future Retail Delhi High Court Future Retail Ltd

Market Wrap, Feb 2: Here's all that happened in the markets today

Investor wealth continued to soar at the bourses as a growth-driven Budget to fire the pandemic-hit economy impressed investors and analysts alike. Market-cap of all the BSE listed firms neared Rs 197-trillion mark as benchmark indices soared 2.5 per cent at the bourses. Among the headline indices, the S&P BSE Sensex zoomed 1,197 points, or 2.46 per cent, to settle the day at a fresh record closing peak of 49,798 levels. The index reclaimed the 50,000 level in intra-day deals and hit a high o...
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