Business

FRL directors salvage out about loan from Amazon

The independent directors of Future Retail Ltd (FRL) have sought ₹3,500 crore from Amazon as long-term loan since the US company had objected to the sale of its small format stores. The proceeds of this sale, they say, would have been used to pay FRL lenders and prevent its debt being classified as non-performing assets…

Published

1 year ago

January 22, 2022

Shrishti

FRL directors salvage out about loan from Amazon

The unbiased directors of Future Retail Ltd (FRL) dangle sought ₹3,500 crore from Amazon as long-time period loan because the US firm had objected to the sale of its diminutive structure retail outlets. The proceeds of this sale, they mumble, would had been obsolete to pay FRL lenders and forestall its debt being labeled as non-performing property (NPAs).”On account of you are objecting to the sale of diminutive-structure sales…
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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

3 weeks 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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