Business

Future Retail misses Rs 3494.5 cr payment to lenders, blames Amazon dispute for lengthen

Future Retail Ltd has missed a Rs 3494.56 crore payment due to their lenders on 31 December as per the terms of the one-time restructuring agreement, the company said in a notice to the stock exchange today. Kishore Biyani promoted hypermarket blamed the dispute with Amazon for the delay in monetising the assets – sale…

Published

3 years ago

January 2, 2022

Shrishti

Future Retail misses Rs 3494.5 cr payment to lenders, blames Amazon dispute for lengthen

Future Retail Ltd has missed a Rs 3494.56 crore payment resulting from their lenders on 31 December as per the phrases of the one-time restructuring settlement, the firm acknowledged in a impress to the stock change on the present time. Kishore Biyani promoted hypermarket blamed the dispute with Amazon for the lengthen in monetising the sources – sale of little structure stores – which in flip delayed payment to lenders…
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Business

Main person cos to proceed capex

Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…

Published

2 years ago

May 16, 2023

Shrishti

A lot of main person facing companies together with Hindustan Unilever, Britannia, Voltas, Havells, Blue Smartly-known person and Titan Company are going to proceed their excessive capital expenditure (capex) and growth this fiscal as that in FY23, senior executives informed ET and analysts in contemporary incomes calls.Much of the capex is ear-marked for ticket spanking contemporary factories…
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