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

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 per cent, Future Lifestyle Fashions dipped 5 per cent and Future Consumer 4.98 per cent. Amazon has...

Delhi HC directs Future Retail Ltd to maintain status quo in its deal with Reliance, grants interim relief to Amazon - Vimarsana News

Delhi HC directs Future Retail Ltd to maintain status quo in its deal with Reliance, grants interim relief to Amazon

Representative Image Delhi HC directs Future Retail Ltd to maintain status quo in its deal with Reliance, grants interim relief to Amazon ANI | Updated: Feb 02, 2021 22:09 IST New Delhi [India], February 2 (ANI): The Delhi High Court on Tuesday directed Future Retail Limited to maintain status quo with respect to its deal with Reliance while granting interim relief to Amazon. A single-judge bench of Justice JR Midha said the court is satisfied that immediate orders are necessary to protect the rights of the petitioner till the pronouncement of the reserve...

Source: aninews.in
Future-Reliance deal I Reliance Retail secures Future with logistics, other deals to unlock synergies - Vimarsana News

Future-Reliance deal I Reliance Retail secures Future with logistics, other deals to unlock synergies

Updated Jan 22, 2021 | 08:40 IST Reliance Retail is tapping Future Supply Chain's network for its logistics, warehousing needs. Other Future Group companies are also in the process of receiving big orders from retail arm of Ambani-helmed firm Reliance Retail secures Future with logistics, other deals to unlock synergies  |  Photo Credit: BCCL Key Highlights Future Supply Chain which saw its revenues sag post lockdown gets a big boost from Reliance Retail Other Future Group companies such as Future Consumer and Future Enterprises reportedly received large ord...

Sensex at 50K: RIL jumps 3% on SEBI nod to Future Retail deal - Vimarsana News

Sensex at 50K: RIL jumps 3% on SEBI nod to Future Retail deal

As Sensex created history on Thursday reaching the 50,000-mark, index-heavyweight Reliance Industries' (RIL) shares played a major role in the achievement. RIL shares surged nearly three per cent after SEBI approved the acquisition of Future ...

Taking Stock | Profit-booking Drags Sensex Down From Mt 50k; Mid, Smallcaps Underperform - Vimarsana News

Taking Stock | Profit-booking Drags Sensex Down From Mt 50k; Mid, Smallcaps Underperform

Taking Stock | Profit-booking drags Sensex down from Mt 50k; mid, smallcaps underperform Mid and small-caps underperformed their large peers. BSE Midcap and Smallcap indices fell 0.88 percent and 0.68 percent, respectively. January 21, 2021 / 04:43 PM IST Indian equity benchmarks the Sensex and the Nifty ended with losses on January 21, erasing all gains of the morning trade due to losses in select heavyweights such as HDFC twins, Bharti Airtel and TCS. After opening in the green, Sensex hit an all-time high of 50,184.01, while the Nifty scaled a fresh peak of 14,753.55 in the intraday tr...