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SC to decide on Amazon's plea restraining Future Group-Reliance's ₹24,000 Cr deal on Aug 6

SC to decide on Amazon's plea restraining Future Group-Reliance's ₹24,000 Cr deal on Aug 6
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RIL entities seek NCLT nod for shareholders' meeting to approve Future Group deal

RIL entities seek NCLT nod for shareholders meeting to approve Future Group deal
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Last Updated: May 20, 2021, 11:02 PM IST
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Reliance Retail and Reliance Fashion have approached the National Company Law Tribunal (NCLT) seeking its permission to hold meetings of their shareholders and creditors to consider and approve the proposed merger with Future Group s retail, logistics and warehousing business in a Rs 24,713 crore deal.
Reliance Retail and Reliance Fashion have approached the National Company Law Tribunal (NCLT) seeking its permission to hold meetings of their shareholders and creditors to consider and approve the proposed merger with Future Group s retail, logistics and warehousing business in a Rs 24,713 crore deal. The Mumbai bench of NCLT had on Wednesday reserved its order over the application moved by the step-down firms of Reliance Industries Ltd (RIL). ....

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Big Bazaar's marketing push takes on Amazon

Big Bazaar’s marketing push takes on Amazon
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Big Bazaar’s marketing push takes on Amazon
John Sarkar / TNN / May 10, 2021, 06:26 IST
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NEW DELHI: Future Group’s brick-and-mortar superstore chain Big Bazaar, which is ramping up its two-hour home delivery across India during the pandemic, is set to launch a marketing blitzkrieg that will allegedly take potshots at US etailer Amazon.While Amazon, which is locked in a fierce legal battle with the Kishore Biyaniled Future Group, has been running an advertising campaign since 2016 with the tagline ‘India ki Apni Dukaan’ (India’s own shop), Big Bazaar’s tagline will now read ‘India ki Asli Dukan’ (India’s original shop), said people familiar with the development. ....

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Kishore Biyani's Big Bazaar set to launch marketing blitzkrieg to take on Amazon

Kishore Biyani s Big Bazaar set to launch marketing blitzkrieg to take on Amazon
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Synopsis
While Amazon, which is locked in a fierce legal battle with the Kishore Biyani-led Future Group, has been running an advertising campaign since 2016 with the tagline ‘India ki Apni Dukaan’ (India’s own shop), Big Bazaar’s tagline will now read ‘India ki Asli Dukan’ (India’s original shop), said people familiar with the development.
Big Bazaar’s move comes at a time, when the debt-laden Future Group is looking at ways to put its assets to better use, while its Rs 24,700-crore proposed deal with Reliance (RIL) hangs in the balance. ....

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Stocks to watch: Stocks in the news: HCL Tech, RIL, Indus Towers, Dish TV, Tata Elxsi and Gland Pharma

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Nifty futures on the Singapore Exchange traded 82 points, or 0.57 per cent, higher at 14,320 in signs that Dalal Street was headed for a negative start on Friday. Here are a few stocks which may buzz the most in today s trade:
HCL Tech,
Indiabulls Real Estate: HCL Tech, M&M Financial, Indiabulls Real Estate, Shiva Cement, GNA Axles and Oriental Hotels are some of the companies which will announce their March quarter results today.
Reliance Industries: RIL, through an international arm, is finalising the acquisition of Stoke Park, Britain’s first County Club, from the International Group (IG), owned by the King family, a second-generation UK family business, for around 60 million pounds (Rs 600 cr), they add. ....

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