Reliance to acquire Metro AG's India business for Rs 2,850 crore

Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant......

Future Retail gets time till May 12 to file reply on insolvency plea

The National Company Law Tribunal (NCLT) on Thursday gave crisis-hit Future Retail Ltd (FRL) time till May 12 to submit its reply to the insolvency petition filed against the company by Bank of......

Reliance says deal with Future group is off after secured creditors vote it down

Almost 21 months after signing an agreement for a Rs 24,713-crore deal with the Kishore Biyani-led Future Group to acquire its retail, wholesale, logistics and warehousing assets, Reliance......

Majority of Future group's secured creditors reject Reliance deal

Shareholders of the six listed Future Group companies voted on Wednesday. Bankers said all the large lenders had rejected the proposal. IMAGE: Future group's Kishore Biyani. Photograph: PTI Photo......