Boots could be taken over by eighth richest man on earth as Mukesh Ambani in rumoured bid He's believed to be teaming up with a US giant Nottingham Post · Apr 28, 2022
Mukesh Ambani and Apollo set for Boots takeover bid It comes after Boots’ current owner, Walgreen Boots Alliance, announced a review of the UK business. The Independent UK · Apr 28, 2022
Eighth richest man on earth Mukesh Ambani rumoured to be planning joint takeover of Boots Boots CEO Seb James stressed this month there was 'a lot of interest' in business amid fears £7bn sale had stalled Birmingham Post · Apr 28, 2022
How a creditor revolt scuttled Mukesh Ambani’s $3.2 billion retail deal NEW DELHI: The preferential treatment of bondholders riled banks enough to reject a $3.2 billion rescue deal from one of Asia’s richest men for a debt-laden unprofitable retail chain, according to people familiar with the matter. The Times of India · Apr 25, 2022
Reliance calls off ₹24,731 crore deal with Future Retail The secured creditors of Future Retail Ltd have voted against the scheme of arrangement put forward by Reliance The Hindu · Apr 23, 2022
Reliance brand buys 51 per cent stake in Abu Jani Sandeep Khosla Reliance Brands Ltd acquired a majority stake of 51 per cent in leading couture house Abu Jani Sandeep Khosla (AJSK) for an undisclosed amount. The Times of India · Apr 20, 2022
FRL shareholders' e-voting ends; EGM for shareholders, creditors to be held on April 20, 21 NEW DELHI: The electronic voting process for shareholders of the debt-ridden Future Retail Ltd (FRL) ended on Tuesday evening ahead of the meetings of the shareholders and creditors to approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail despite opposition from e-commerce major Amazon and… The Times of India · Apr 19, 2022
Reliance-backed Viacom18 launches sports channel, dips its big little toe in broadcast waters MUMBAI: Viacom18, on Friday, made a formal announcement to launch the network's brand new dedicated sports broadcasting pay-TV channel that went on air the same evening. The Times of India · Apr 16, 2022
Future Retail claims shareholders' meet for Reliance deal is legal, in response to Amazon's allegations NEW DELHI: Big Bazaar-parent Future Retail (FRL) on Friday said the meetings of its shareholders and creditors that are scheduled to be held on April 20 and 21 for the approval of its proposed deal with Reliance Retail are “legal” and conform to the directions issued by the National Company… The Times of India · Apr 15, 2022
Why is a Reliance bigwig clarifying rumours on Adani ‘takeover’ of Gujarat Samachar? On Thursday, Twitter was abuzz with speculation on Gujarat Samachar being “taken over” by the Adani Group. Newslaundry · Apr 14, 2022
Reliance studying possible bid for Walgreens’s boots chain NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries is weighing a possible bid for Walgreens Boots Alliance Inc’s international drugstore unit, according to people familiar with the matter. The Times of India · Apr 14, 2022
Future Retail's shareholders' meet to approve Reliance deal is 'illegal': Amazon NEW DELHI: Amazon has written to Big Bazaar-parent Future Retail alleging that the upcoming meetings of its shareholders and creditors for the approval of the retailer’s proposed Rs 24,700-crore deal with Reliance Retail is “illegal”. The Times of India · Apr 13, 2022
Reliance's unique energy transition story NEW DELHI: Reliance Industries' strong cash flow generation in the 'best in class' old energy business can fund the capex of the new energy business and in turn drive one of the fastest and most profitable net-zero transitions by 2035 amongst large energy companies, Goldman Sachs has said. The Times of India · Apr 11, 2022
How the Russia-Ukraine War Could Affect the Steel Industry As the Russia-Ukraine war continues, the steel market remains in focus, as the two warring nations account for significant global steel exports. With steel prices expected to remain high, fundamentally strong steel stocks ArcelorMittal (MT), Reliance Steel & Aluminum (RS), and Ternium (TX) could be solid investments right now. StockNews.com · Apr 8, 2022
Benzinga · Apr 7, 2022 India's Tata Group Goes Head On With Amazon, To Roll Out New Super App For All Shopping Needs The Indian conglomerate Tata Group will roll out an all-in-one e-commerce app allowing users to buy everything from apparel to airline tickets, Bloomberg reported. Mumbai-based Tata Digital Pvt’s digital services platform, Tata Neu, will go live to consumers on April 7. The report noted Tata Neu is expected to give more power to…
The Hindu · Apr 6, 2022 SC orders Amazon, Future to move Singapore arbitral tribunal For resumption of arbitration proceedings in dispute concerning Future’s proposed ₹24,500 crore deal with Reliance
Benzinga · Apr 6, 2022 Amazon Dubs Take Over Of 800 Future Retail Stores By Reliance A 'Sham Transaction' The ongoing tussle between the American e-commerce giant Amazon.com Inc. (NASDAQ: AMZN) and Indian retailer Future Retail (FRL) continued in the Delhi High Court on Tuesday (Indian Standard Time).
The Hindu · Apr 4, 2022 SC asks Amazon, Future to file consent terms to resume arbitration before SIAC A three-judge Bench led by CJI N.V. Ramana asked the companies to file the joint memo by April 5
The Hindu · Apr 1, 2022 Amazon, Future row continues in SC over Future-Reliance ₹24500 cr. proposed deal Court schedules case for hearing next on April 4
The Times of India · Apr 1, 2022 Future Retail defaults on Rs 5,322 crore debt repayment NEW DELHI: Big Bazaar-parent Future Retail (FRL) on Friday said it has missed the due date for repayment of around Rs 5,322 crore to lenders due to the ongoing legal battle with US e-tailer Amazon among other issues.
The Times of India · Apr 1, 2022 Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL's assets NEW DELHI: The Supreme Court on Friday asked whether it can pass any interim order on a plea of Amazon that Future Retail's assets including 'Big Bazaar shops' not be alienated till the dispute over it's merger with Reliance Retail is decided by the arbitral tribunal.
StockNews.com · Mar 23, 2022 4 Must-Own Momentum Stocks to Buy This Month Given current market volatility, which is largely owing to the possibility of aggressive interest rate hikes later this year and rising oil prices, momentum stocks ITOCHU (ITOCY), Reliance Steel (RS), Univar (UNVR), and Danaos (DAC) could be wise bets now. These companies’ robust revenue and earnings growth should help their…
The Times of India · Mar 22, 2022 Sensex surges 697 points as IT, oil & gas stocks jump; Nifty ends at 17,315 NEW DELHI: After opening on a subdued note, equity indices rebounded on Tuesday with the benchmark BSE sensex rising nearly 700 points led by gains in IT and oil gas stocks.
The Times of India · Mar 16, 2022 Amazon seeks SC order for resumption of arbitration & preservation of FRL assets NEW DELHI: US e-commerce major Amazon Wednesday apprehended the “disappearance” of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL's merger deal with Reliance Retail.
The Times of India · Mar 15, 2022 Amazon calls Future store transfer to Reliance 'fraud' NEW DELHI: Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.