Page 33 - Future Retail News Today

It was a contentious plan to repay overseas bondholders in full that brought what would have been India's biggest retail deal to a grinding halt.

Anticipating an inevitable default by Future Retail Ltd on its $500 million senior secured notes (SSN), S&P Global Ratings lowered its credit ratings to CC from CCC- following the termination of the companys proposed asset sale to Reliance Retail Ventures Ltd (RRVL).

Porsche has launched its first official Studio in Australia, in Brisbane, offering customers a close-up experience of its products within the urban retail environment. It is the 20th Porsche Studio in the world.

The Sensex and Nifty are set to open higher on Tuesday, following strong cues from global peers and positive trends at SGX Nifty futures.

Hard-nosed decision has pushed teetering Future Retail one step closer to bankruptcy

Shares of Future Group companies tumbled again on Tuesday on increasing concerns that the group faces bankruptcy risk, despite a surge in benchmark indices and broader Asian stocks trading higher.

Indian equities snapped a two-session losing streak and closed higher on Tuesday as broader global stocks edged up.

It was a contentious plan to repay overseas bondholders in full that brought what would have been Indias biggest retail deal to a grinding halt, media reports said.Debt-laden Future Retail Ltd.s offshore bondholders -- a relatively smaller ...

The announcement came from the Mukesh Ambani-led Reliance on Saturday after a majority of secured creditors of FRL voted against the deal.

Shares of Future Supply Chain Solutions, Future Retail, Future Lifestyle Fashions, Future Consumer and Future Enterprises fell between 5 per cent and 20 per cent., , future group