"future-group"

The CBI has registered an FIR against Future Retail, Kishore Biyani and his brother Rakesh Biyani in an alleged Rs 904.32-crore bank fraud. The agency conducted searches at multiple premises linked to Biyani in Mumbai on Friday

A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms and listed the plea for hearing on February 23.

The company has started the 2-hour delivery service at Delhi NCR, Mumbai and Bengaluru and plans to add more cities in this network, said Future Group President – Food and FMCG Kamaldeep Singh.

"The company has filed an appeal before the High Court of Delhi against the impugned order dated March 18, 2021 passed by Single Judge,” said Future Retail.

Amazon has approached the Supreme Court in the matter against Future, sources close to the development said. Future and Amazon did not respond to e-mailed queries.

While giving the approval, the SEBI listed a number of conditions in accordance with the Composite Scheme of Arrangement.

Moreover, stocks in the stores are almost up to 80 per cent of what they were before the pandemic, he added.

Both on and offline shopping need to provide a wider choice as well as ‘Trust’ and ‘Vast’ to the new generation

A sharp fall in the rupee and a negative trend in global markets further unnerved investors, traders said.

Hearing of the arbitration took place at the Singapore International Arbitration Centre after Amazon had slapped a legal notice on Future Group, alleging that the retailer's Rs 24,713 cr asset sale to RIL violated an agreement