E-PaperBiyani News
Future Group hints it may challenge arbitration award putting RIL deal on hold
Future Retail Ltd (FRL) in a statement on Monday said the company is examining the interim order passed by the Singapore International Arbitration Center
4 min read26 Oct 2020There was no other answer but to exit biz, says Biyani
Lost ₹7,000 cr in revenue in the first 3-4 months of pandemic: Future group founder
1 min read15 Oct 2020'I thought there was no other answer but to exit the business': Kishore Biyani
Biyani acknowledged that the group did too many acquisitions in the last 6-7 years, specially of small-format storesHe said covid will prove to be a huge setback for India’s consumption story and retailers and marketers will need to work hard to get shoppers to come back to stores again
3 min read14 Oct 2020What made Kishore Biyani sell his retail business
Future Group lost ₹7000 crore revenue in first 3-4 months of covid pandemic, said Kishore Biyani
2 min read14 Oct 2020Future-RIL deal protects banks from a $2.2-bn hit
There will likely be no haircut for lenders who gave loans for Future’s biz operationsPost the deal, RRVL will hold a 13.14% stake in Future Enterprises and will take over debt of ₹12,500 crore
3 min read31 Aug 2020Future-Reliance deal: The rise and fall of India's retail maverick Kishore Biyani
Kishore Biyani’s debt woes, years in the making, were exacerbated by India’s recent lockdown that left several non-essential businesses shut for weeks, further straining the company’s liquidity position
7 min read29 Aug 2020Future Enterprises plans to raise funds
Last week, the Kishore Biyani-led Future Enterprises Ltd (FEL) said it has defaulted on interest payment of non-convertible debentures worth a total of ₹265 crore
1 min read26 Aug 2020Kishore Biyani-led Future Retail pays up $14 million interest
In July, Future Retail had blamed the novel coronavirus pandemic for its weakened liquidity position.Future Retail is facing a severe liquidity crisis and is in advanced talks to sell assets to Reliance Industries Ltd
1 min read25 Aug 2020Biyani’s personal debt delays completion of Future Group’s asset sale to RIL
A Rs23,000-crore, all-cash deal between Reliance Industries Ltd and Future Group for the acquisition of retail and lifestyle businesses of the latter was supposed to be announced 30 JulyAccording to persons directly aware of the discussions, further decision on the deal may be taken in another ten days
2 min read4 Aug 2020Future Retail misses interest payment on $500 mn bonds as liquidity position deteriorates
The company missed paying $14 million (approx Rs105 crore) interest due on Wednesday on its offshore bonds worth $500 million due in 2025, which the company had raised just six months ago in January
2 min read22 Jul 2020Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared