Page 9 - Future Group News Today

FCL, the FMCG arm of the debt-ridden Future Group, had defaulted on Rs 253.95 crore loans and revolving facilities like cash credit from banks and financial institutions as on September 30, a filing said on Thursday.

Future Consumer Ltd (FCL) has defaulted on the payment of Rs 369.59 crore towards principal and interest on loans from banks, financial institutions and unlisted debt securities in the September quarter. FCL, the FMCG arm of the debt-ridden Future Group, had defaulted on Rs 253.95 crore loans and

Landcraft Retail has secured the highly sought after commercial property in Mumbai, owned by Salman Khan, on lease, for the operations of their new Food Square store.

The HC had, while issuing notice to the government and various lenders including RBL Bank and Yes Bank, refused to stay the DRT order and posted the matter for hearing on October 18.

The founder of the Future Group, Kishore Biyani, has approached the Bombay High Court challenging the forensic audit process and report on the accounts of the Future Retail Ltd. (FRL) company.

Salman Khan is leasing out a four-floor commercial property in Santacruz to a chain of gourmet food retailers.

Kishore Biyani, founder of the Future Group, has challenged the forensic audit process and report submitted by accounting firm BDO India LLP and its lender, Bank of India, at the Bombay High Court. Biyani has filed a writ petition against Future Retail, BDO India, and Bank of India. The matter will be heard on September 31. This development comes after Bank of India asked Future Retail and its promoters to respond to a forensic audit report. Future Retail was admitted under the Corporate Insolve...

The HC had, while issuing notice to the government and various lenders including RBL Bank and Yes Bank, refused to stay the DRT order and posted the matter for hearing on October 18.

Apple has emerged as the largest exporter of smartphone shipments from India, after overtaking its closest rival Samsung. In just a year, its share rose from 9% of the total shipments in 2022 to nearly 50% in 2023.

The SC stayed the INR 202 Cr penalty imposed by the Competition Commission of India (CCI) on the ecommerce major.