News for Future Retail Limited (FRETAIL.BO)

The Securities and Exchange Board of India levied a penalty of Rs 10 lakh on Future Retail Ltd. on Thursday due to inadequate and delayed disclosure on the interim order issued by the Singapore International Arbitration Centre. The order from the capital markets regulator stems from concerns expressed by Amazon.com over the scheme of arrangement between Future Group and Mukesh Dhirubhai Ambani Group.

The Nifty Realty index was trading 1.21 per cent up at 898.95.

A few days ago, banks approved a bid of Rs 475 crore from the Runwal Group.

Mumbai office market: The annual rental the four units commercial spread around 10,000 sqft will increase to Rs 2.38 crore yearly from the fourth year of the rental agreement

Social stock exchanges (SSEs) are gaining traction, with 32 entities on BSE-SSE and 31 on NSE-SSE. SSEs enable social enterprises to raise funds from public, with two forms of entities: Not-for-profit orgs (NPOs) and For-profit social enterprises (FPEs). NPOs can raise funds through ZCZP bonds, mutual funds, SVFs, DIBs, etc., while FPEs can explore equity shares, debt instruments, etc. Retail investors can invest in securities offered by FPEs on Main Board. SSE success depends on CSR commitments, tax exemptions, interest from big institutions and HNIs, and low investment limits.

Oil and Natural Gas Corporation reported a 65% growth in consolidated net profit to Rs 13,734 crore. Revenue from operations, however, dropped by 13% to Rs 1.47 lakh crore

Apple has emerged as the largest exporter of smartphone shipments from India, after overtaking its closest rival Samsung. In just a year, its share rose from 9% of the total shipments in 2022 to nearly 50% in 2023.

Future Retail stock has fallen 26 percent since January 1. The stock has lost 55 percent since insolvency proceedings started in July 2022.

The RP of the company has moved an application before the Mumbai bench of NCLT to exclude a period of 29 days from CIRP of Future Retail Ltd

The resolution professional of debt-ridden Future Retail Ltd has approached the National Company Law Tribunal, seeking a further extension till September 15 to complete the corporate insolvency resolution process. The RP has moved an application before the Mumbai bench of NCLT, to exclude a period of 29 days from CIRP of Future Retail.

The high rental yields of 6-10 percent that commercial properties offer, compared to 2 to 3 percent for residential properties, is the key reason for this trend.

Index to track the performance of REITs and InvITs that are publicly listed and traded at the National Stock Exchange.

The Nifty Pharma index closed 0.49 per cent down at 11750.15.

The Nifty Bank index was trading 0.25 per cent down at 41245.4.

Future Supply Chain Solutions Ltd. in a regulatory filing said the Mumbai bench of NCLT has allowed the plea filed by DHL E-commerce (India), claiming default

The National Company Law Tribunal (NCLT) has on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd (FSCSL).

FSCSL was part of the 19 group companies operating in retail, wholesale, logistics and warehousing segments, which were supposed to be transferred to Reliance Retail as part of a Rs 24,713-crore deal announced in August 2020. The deal was called off by the billionaire Mukesh Ambani-led Reliance Industries Ltd in April. After that Future group companies had several defaults on payments.

With a gain of 1,981 per cent, Kaiser Corporation stood as the top gainer in the list. Shares of the company surged to Rs 58.05 on December 5, 2022 from Rs 2.79 on December 31, 2021

From the Sensex pack, SBI, Titan, Kotak Mahindra Bank, Dr Reddy's, Wipro, Bajaj Finserv, Maruti, HDFC and HDFC Bank were among the major gainers