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In setback to Amazon, Delhi HC stays status quo on Future-Reliance deal ANI | Updated: Feb 09, 2021 02:23 IST New Delhi [India], February 9 (ANI): The Delhi High Court on Monday stayed single judge bench order which had directed Future Retail Limited (FRL) to maintain the status quo with respect to its deal with Reliance and issued notice to Amazon on Future Retail Ltd plea. The court listed the matter for further hearing on February 26, and issued notice to respondents including Amazon. A division bench of Chief Justice DN Patel and Justice Jyoti Singh o...

What changed for the market while you were sleeping? Top 10 things to know Trends on SGX Nifty indicate a positive opening for the index in India with a 52 points gain. Representative image The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 52 points gain. The S&P BSE Sensex climbed 358.54 points to 50,614.29 on February 4 while the Nifty50 rose 105.70 points to 14,895.70. According to pivot charts, the key support levels for the Nifty are placed at 14,769.1, followed by 14,642.5. If the index moves up,...

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 Enterprises, Future Retail, Future Consumer, Future Supply, Future Lifestyle Fashion and Future Market Networ...

Future Retail Ltd further tumbled 5 per cent on Thursday as investors continued to sell the company's 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 and Future Consumer slumping 4.26 per cent. Sebi, on Wednesday, barred Kishore Biyani and certain ...

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), Future Enterprises (Rs 11.73) and Future Supply Chain Solutions (Rs 100.15) were locked in lower circu...