Kishore Biyani
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SEBI bars Kishore Biyani from accessing securities market for 1 year
Capital markets regulator SEBI barred billionaire Kishore Biyani and related enterprises of his Future Group from accessing the securities market for a year.SEBI said that it reached the decision on Biyani after probe into use of unpublished price sensitive...
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In a win for Amazon, Delhi High Court blocks Future-Reliance deal
In an interim order, the Delhi High Court directed Kishore Biyani-led Future Retail to maintain status quo on the Rs 27,513 crore Future Retail-Reliance deal until 'the pronouncement of the reserved order'.The court blocked the sale of a swathe of...
Retail
HC seeks Future Retail’s stand on Amazon plea to set aside court’s observations against it
The Delhi High Court Wednesday sought response of Kishore Biyani-led Future Retail Ltd (FRL) on Amazon's plea challenging the prima facie observations by a single judge that the US e-commerce giant's attempt to control the Indian entity was violative of FEMA and FDI rules. A bench of Chief...
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Suspend review of Future-RIL deal, don’t grant no objection: Amazon urges SEBI
E-commerce giant Amazon has written to Sebi yet again, apprising the market regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the Rs 24,713 crore Future-RIL deal.It has also filed an appeal with...
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We were fed up with your lackadaisical attitude, Future Group CEO Kishore Biyani tells Amazon
Opening up after being locked in an intense legal battle with Amazon over the Rs 24,713 crore deal with Reliance, Future Group Founder and CEO Kishore Biyani said in a letter to Amazon.com NV Investment Holdings LLC said, "You were well aware...
Retail
Future Group conceptualising 2 new brands, opening new stores even as its firms receive large orders from Reliance
Future Group firms have started getting large orders from Reliance Industries, its CEO Kishore Biyani said in an email to his employees on Tuesday. The group firms Future Consumer and Future Enterprises have recently received orders from Reliance Industries.
"We have received a large order...
Retail
Retailers hopeful of achieving ~85% pre-COVID sales by June 2021
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of...
Retail
Amazon's attempt to control Future Group violates FEMA FDI: Delhi HC
The Delhi High Court has ruled that US e-commerce giant Amazon's attempt to control Future Retail through a conflation of agreements it has with an unlisted unit of the Indian company will be violative of the FEMA FDI rules, the Kishore Biyani-led firm said on...
Retail
Amazon's manipulative policies to dominate Indian retail must end: CAIT
Trader's body CAIT on Monday said Amazon's "manipulative, coercive, arbitrary and dictatorial policies" to dominate India's retail trade should come to an end, hours after the Delhi High Court passed an order related to Future Group's proposed asset sale to Reliance Retail, a deal...
Retail
Delhi High Court dismisses Future Retail's plea against Amazon
The New Delhi High Court on Monday dismissed a plea from Future Group that sought to restrain US partner Amazon.com Inc from interfering in its $3.4-billion asset sale to Reliance Industries. Future Group sold its retail assets in August to...
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Primark, Argos lead the UK’s hottest brands list
Both Primark and Argos achieved a 94% brand awareness among the respondents of the survey followed by Marks &...
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