News for 'Future Group'

Not All Need Subsidies: Finance Secy

Not All Need Subsidies: Finance Secy

Rediff.com31 Mar 2025

'If in our cities, all urban bus transport services are free, then the taxpayers are paying for it, or if electricity were to be made free, that's a huge cost to the rest of the people'

'Nobody has won the IPL trophy on the auction table'

'Nobody has won the IPL trophy on the auction table'

Rediff.com16 Feb 2025

Arvinder and the franchise feel satisfied with the troops assembled before the tournament, just like in 2022.

Future Retail's plea to vacate stay over deal with RIL rejected

Future Retail's plea to vacate stay over deal with RIL rejected

Rediff.com22 Oct 2021

The Singapore-based arbitrator, SIAC, has rejected Future Retail's plea to lift the interim stay on its Rs 24,713-crore deal with Reliance Retail, giving a major relief to Amazon that is contesting the transaction. The development comes a day after the Singapore International Arbitration Centre (SIAC) held that Future Retail is a party to the ongoing arbitration between Amazon and Future group in the dispute over the sale of its assets to Reliance Retail. Future had contended before the SIAC that it should be excluded from arbitration proceedings because it is not a party to the dispute between its promoter Future Coupons Pvt Ltd (FCPL) and Amazon.

Revealed! Why Kishore Biyani sold his Future to Reliance

Revealed! Why Kishore Biyani sold his Future to Reliance

Rediff.com14 Oct 2020

Future group founder Kishore Biyani on Wednesday said the homegrown retail major lost nearly Rs 7,000 crore revenue in first three-four months of the Covid-19 pandemic due to closing of stores, which led him to sell his business to Reliance Industries.

How Sebi plans to ensure greater transparency and ease of doing business

How Sebi plans to ensure greater transparency and ease of doing business

Rediff.com25 Mar 2025

Under its new chairman Tuhin Kanta Pandey, the Securities and Exchange Board of India (Sebi) has gravitated towards greater transparency and ease of doing business, setting an objective of "effective and optimum" regulation. On Monday, during its first board meeting under Pandey, the regulator has decided to constitute a high-level committee (HLC) to review conflicts of interest and unveiled initiatives to simplify regulatory processes.

Why Gaikwad believes Dhoni is not done yet

Why Gaikwad believes Dhoni is not done yet

Rediff.com22 Mar 2025

Dhoni continues to perform the role of finisher for Chennai, but over the years, his capacity has significantly diminished.

Has US Averted India-Pakistan War?

Has US Averted India-Pakistan War?

Rediff.com2 May 2025

The 'mediation' by the United States from behind the scene on the diplomatic track appears to be once again working, which calls on both Delhi and Islamabad to show restraint and pull back from a military confrontation, notes Ambassador M K Bhadrakumar.

Events that shaped Indian businesses in 2024

Events that shaped Indian businesses in 2024

Rediff.com1 Jan 2025

Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.

J-K family loses fourth member in line of duty in Kathua encounter

J-K family loses fourth member in line of duty in Kathua encounter

Rediff.com28 Mar 2025

Balwinder Singh Chib, a police officer in Jammu and Kashmir's Kathua district, was killed in an encounter with Pakistani terrorists, continuing a legacy of sacrifice that spans three generations of his family. Chib's great-grandfather and uncle were also martyred in the line of duty, and his brother died during World War I. The family is venerated in their village for their history of patriotism and sacrifice.

When Cricket Legends Walked Away Without A Roar

When Cricket Legends Walked Away Without A Roar

Rediff.com15 May 2025

While Sachin Tendulkar's 2013 farewell became a national pilgrimage, a vibrant celebration befitting a cricketing deity, the exits of many other Indian icons this century have been quieter journeys into the twilight.

7 Secrets That Can Make You A Crorepati

7 Secrets That Can Make You A Crorepati

Rediff.com7 Apr 2025

Crorepatis build wealth through disciplined saving, smart investing, and strategic risk-taking, proving that true financial freedom is earned, not inherited, says Ramalingam Kalirajan

7 Adani group firms have received Sebi show cause notices

7 Adani group firms have received Sebi show cause notices

Rediff.com3 May 2024

Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While group's flagship Adani Enterprises Ltd, renewable energy firm Adani Green Energy Ltd (AGEL) and city gas distributor Adani Total Gas Ltd said Sebi sent notices of their parent or holding company controlled by conglomerate's chairman Gautam Adani, ports company Adani Ports & Special Economic Zone, Adani Power, electricity transmission firm Adani Energy Solutions, and commodities firm Adani Wilmar said they have received Sebi notices.

Delhi HC bars Future-Reliance deal, attaches properties, imposes Rs 20 lakh fine

Delhi HC bars Future-Reliance deal, attaches properties, imposes Rs 20 lakh fine

Rediff.com18 Mar 2021

The Delhi high court on Thursday upheld the Singapore Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commence giant Amazon.

Will money in hand from tax breaks spur housing demand?

Will money in hand from tax breaks spur housing demand?

Rediff.com21 Apr 2025

Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.

Future Gaming tops electoral bonds list with Rs 1368 cr; who are the others?

Future Gaming tops electoral bonds list with Rs 1368 cr; who are the others?

Rediff.com14 Mar 2024

These are the top buyers of the scrapped electoral bonds, the data for which was released by the Election Commission on Thursday.

HDFC Bank Q4 performance and future outlook

HDFC Bank Q4 performance and future outlook

Rediff.com30 Apr 2024

HDFC Bank's January-March quarter result, which came in-line with expectations, failed to enthuse investors. The reason? The management's decision to abstain from providing any specific growth guidance, and analysts' expectations of an arduous road to recovery. Analysts believe the path to normalisation of several growth metrics is unlikely to be a straightforward one, and the road to balance sheet realignment may be long.

The Costly Flops of IPL 2025

The Costly Flops of IPL 2025

Rediff.com16 May 2025

Here's a look at the biggest disappointments of IPL 2025 -- the players who've cost crores but delivered crumbs.

Amazon knocks on SC's doors to block Future-Reliance deal

Amazon knocks on SC's doors to block Future-Reliance deal

Rediff.com11 Feb 2021

E-commerce major Amazon has moved the Supreme Court in a bid to block Future group's Rs 24,713-crore deal with Reliance, according to sources.

Buttler's captaincy update after England's elimination

Buttler's captaincy update after England's elimination

Rediff.com27 Feb 2025

Chasing 326 for victory, England were bundled out for 317 with Afghanistan batter Ibrahim Zadran smashing a superb 177 and pacer Azmatullah Omarzai grabbing a five-wicket haul.

China holds nuclear, biological, chemical defence drills

China holds nuclear, biological, chemical defence drills

Rediff.com20 Feb 2025

The Chinese military has conducted nuclear, biological and chemical (NBC) drills using unmanned aerial vehicles (UAVs), robotic dogs, and explosive ordnance disposal robots, official media reported. The drills, conducted by a brigade attached to the People's Liberation Army's 73rd Group Army, focused on exploring training methods that integrate technology and networked systems. Experts highlighted the increasing use of unmanned equipment in military operations, citing its ability to reduce human casualties and increase combat effectiveness. The drills also showcased the integration of Artificial Intelligence (AI) and intelligentisation, which is becoming a growing trend in defense.

Street gives a thumbs up to Godrej Properties' strong Q4 bookings

Street gives a thumbs up to Godrej Properties' strong Q4 bookings

Rediff.com17 Apr 2025

Realtor Godrej Properties Limited (GPL) is present in top real estate markets such as Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Pune, and Bengaluru. In the financial year 2024-25 (FY25), NCR contributed 36 per cent, Bengaluru 17 per cent, and MMR 27 per cent to revenues with the rest 20 per cent coming from Pune, Hyderabad, etc.

Sebi ban on Kishore Biyani won't impact deal with Reliance: Future Retail

Sebi ban on Kishore Biyani won't impact deal with Reliance: Future Retail

Rediff.com4 Feb 2021

Future Retail Ltd has said that SEBI's one-year ban on its chairman Kishore Biyani and some other promoters from the securities market will have "no impact" on the Rs 24,713 crore-deal with Reliance. Further, Kishore Biyani, some other promoters and Future Corporate Resources Pvt Ltd (FCRPL) plan to appeal against the order passed by Securities and Exchange Board of India (SEBI) on Wednesday. "The order will have no impact on the ongoing Scheme of Arrangement of the company. We understand that the relevant parties propose to challenge this order in exercise of their statutory right to appeal," Future Retail Ltd (FRL) said in a late-night regulatory filing on Wednesday.

J-K assembly passes resolution denouncing Pahalgam attack

J-K assembly passes resolution denouncing Pahalgam attack

Rediff.com29 Apr 2025

The Jammu and Kashmir Assembly unanimously passed a resolution on Monday expressing shock and anguish over the Pahalgam terrorist attack and resolved to fight resolutely to defeat the nefarious designs to disturb communal harmony and hinder progress.

Future Retail guilty of financial irregularities, says Amazon

Future Retail guilty of financial irregularities, says Amazon

Rediff.com26 Nov 2021

US e-commerce giant Amazon has written to the independent directors of Future Retail Limited (FRL), including Gagan Singh, Ravindra Dhariwal and Jacob Mathew, and its audit committee, providing data and alleging that there have been significant financial irregularities to the prejudice of public shareholders, banks, creditors, and third-party suppliers. Amazon has said this warrants a thorough and independent examination of all relevant facts and related-party transactions, including of past financial years, by an independent agency. Separately, Amazon has written to Securities and Exchange Board of India Chairman Ajay Tyagi, seeking the withdrawal of the regulator's conditional approval granted to FRL related to the merger deal between the Future group and Reliance.

Tighter norms, rising compliance failures driving scrutiny for startups

Tighter norms, rising compliance failures driving scrutiny for startups

Rediff.com24 Apr 2025

Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.

Can Student Suicides Be Prevented?

Can Student Suicides Be Prevented?

Rediff.com26 Mar 2025

Mental health experts and counsellors highlight how to identify early signs of distress in children and what parents and peers can do to prevent someone from taking their life.

Sunrisers Hyderabad acquire Northern Superchargers in Hundred

Sunrisers Hyderabad acquire Northern Superchargers in Hundred

Rediff.com6 Feb 2025

This is SRH's second overseas investment after owning the Sunrisers Eastern Cape in the SA20.

Need to filter out Cong leaders who work for BJP: Rahul

Need to filter out Cong leaders who work for BJP: Rahul

Rediff.com8 Mar 2025

He said Gujarat wants to move forward but is unable to see the way ahead, and the Congress is unable to show it the way.

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

Rediff.com10 May 2025

Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.

How Scammers Steal Your Money: 5 Red Flags To Watch Out For

How Scammers Steal Your Money: 5 Red Flags To Watch Out For

Rediff.com24 Mar 2025

Fraudsters read your mind, weave convincing stories, earn your trust and then vanish with people's savings. Ramalingam Kalirajan reveals five simple tricks that cons use to steal money from you.

Gold prices can rise 13% in 18 months to hit $3500 an ounce: BofA Securities

Gold prices can rise 13% in 18 months to hit $3500 an ounce: BofA Securities

Rediff.com2 Apr 2025

Gold prices could hit the $3500 an ounce (oz) mark in the next 18 months - up around 13 per cent from the current levels - given the global uncertainties and aided by investment demand, said analysts at BofA Securities in a recent note. Uncertainty around Trump Administration trade policies, BofA said, could continue to push the US dollar (USD) lower, further supporting gold prices near-term.

Amazon-Future tussle gets murkier

Amazon-Future tussle gets murkier

Rediff.com26 Nov 2020

Kishore Biyani-led Future Retail Ltd on Thursday accused e-commerce giant Amazon of adopting a media strategy of "having every development reported and converted into a line of communication with stock exchanges" regarding the Amazon-Future Coupons' arbitration proceedings in Singapore. The Court of Singapore International Arbitration Centre (SIAC) had turned down a plea of Future Retail Ltd (FRL) to be excluded from being a party to arbitration. In a regulatory filing disclosing the development, FRL said,"...this disclosure is being made out of abundant caution to avoid any speculation given Amazon's media strategy of having every development reported and converted into a line of communication with stock exchanges."

Why India Needs Trump's Tariffs To Reform Again

Why India Needs Trump's Tariffs To Reform Again

Rediff.com10 Apr 2025

India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now. A drastic reduction in tariff protection, other elements of sarkari wet-nursing will force entrepreneurial India to become competitive again, argues Shekhar Gupta.

Can RSS Put Aurangzeb's Ghost To Rest in Maharashtra?

Can RSS Put Aurangzeb's Ghost To Rest in Maharashtra?

Rediff.com1 Apr 2025

Senior RSS leader Suresh Bhaiyyaji Joshi's call to drop the Aurangzeb tomb controversy challenges decades of communal rhetoric in Maharashtra, igniting hopes for unity and a balanced historical narrative.

Tariff war escalates: China warns US of countermeasures, plans WTO suit

Tariff war escalates: China warns US of countermeasures, plans WTO suit

Rediff.com2 Feb 2025

In a statement, the Chinese ministry of commerce said that it would file a lawsuit with the World Trade Organisation against the US for its "wrongful practice," the Global Times reported.

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