FRL in SC; seeks time to repay ₹3,500 cr debt
The New Indian Express Chennai|January 26, 2022
FUTURE Group on Tuesday filed a petition in the Supreme Court against its lenders, asking not to be declared defaulters and seeking an extension to execute ₹3,500 crore payments to its lenders. In its filing, reviewed by TNIE, Future Retail said it was unable to service the debt due to legal challenges from Amazon.

Future this month had told Indian exchanges it was unable to pay ₹3,500 crore to its lenders on Dec 31 as it could not sell small stores.

Continue reading your story on the app

Continue reading your story in the newspaper

MORE STORIES FROM THE NEW INDIAN EXPRESS CHENNAIView All

Government to float Eol for IDBI Bank by June-end

Currently, it enjoys certain relaxations being a state-run bank

1 min read
The New Indian Express Chennai
May 27, 2022

Govt schools get 'happy' feedback

National survey finds most students of govt schools like going for classes and feel safe

1 min read
The New Indian Express Chennai
May 27, 2022

Compete with China to keep world order, says US state secy Blinken

US Secretary of State Antony Blinken called on Thursday for vigorous competition with China to preserve the existing global order but said the United States did not seek a "Cold War."

1 min read
The New Indian Express Chennai
May 27, 2022

Akhilesh Yadav picks ally Jayant as RS candidate

Javed Ali Khan to be party's third candidate for the upper house

2 mins read
The New Indian Express Chennai
May 27, 2022

Soon, visitors can 'immerse' in history & heritage at site museums

THE Archeological Survey of India (ASI) has decided to take a giant leap towards converting museum visits into an interactive and immersive experience.

1 min read
The New Indian Express Chennai
May 27, 2022

Parts of Srinagar remain shut for 2nd day, police arrest 10 for stone-pelting

FOR the second consecutive day, parts of Srinagar observed shutdown over the life sentence awarded by the NIA court to separatist leader and JKLF chairman Yasin Malik.

1 min read
The New Indian Express Chennai
May 27, 2022

Modi terms KCR a 'superstitious person'

PM dismisses TRS as a 'family party', expresses hope that BJP will come to power in T'gana after next elections

1 min read
The New Indian Express Chennai
May 27, 2022

Bengal proposes to make CM chancellor of varsities

THE West Bengal cabinet on Thursday approved a proposal to appoint Chief Minister Mamata Banerjee as the chancellor of all state government universities.

1 min read
The New Indian Express Chennai
May 27, 2022

Fiercest battle rages in east, says Ukraine

4 civilians die in Donetsk shelling, another four in Kharkiv; Moscow accuses West of stopping grain-carrying vessels

2 mins read
The New Indian Express Chennai
May 27, 2022

'BJP, CONG PLAYING FRIENDLY MATCHES': BJP VETERAN JOINS AAP

JAGMAL Vala, a prominent BJP leader from the religious hub Somnath in Junagadh district joined the Aam Aadmi Party on Thursday. Vala had met Arvind Kejriwal in Delhi a few days ago.

1 min read
The New Indian Express Chennai
May 27, 2022
RELATED STORIES

Better-Odds Babies

Genetic testing companies promise they can predict an embryo’s probable future health. Some parents don’t want to stop there

10+ mins read
Bloomberg Businessweek
May 30 - June 06, 2022 (Double Issue)

Cool Clubs

You may consider yourself an average golfer, but odds are you're not at least as far as clubs are concerned.

2 mins read
Cigar Aficionado
May - June 2022

My Favorite Cigar

Cigar aficionados describe their smoke of choice

4 mins read
Cigar Aficionado
May - June 2022

Q roundup

Where's the strangest place you've run into a co-worker outside of the studio?

2 mins read
Soap Opera Digest
May 16, 2022

The Money Game: Scott Galloway

Buy Now. Pay (and Pay, and Pay, and Pay) Later. The bill for the finance hack of the pandemic is coming due-for all of us.

6 mins read
New York magazine
May 23 - June 05, 2022

CONGRESS DIVES INTO UFOS, BUT NO SIGNS OF EXTRATERRESTRIALS

Congress held its first hearing in half a century on unidentified flying objects. And no, there is still no government confirmation of extraterrestrial life.

2 mins read
Techlife News
May 21, 2022

BUILD BACKS BETTER

In a scoliosis market where treatments have changed little since the 1970s, even new brace technology shows how far we still have to go

10+ mins read
Bloomberg Businessweek
May 23, 2022

Stop Losing Your Stuff

Can't find your keys again? Cognitive experts can help you stop searching (and stressing).

6 mins read
Reader's Digest US
June 2022

HERE IS EXACTLY WHAT your dad wishes HE COULD TELL YOU

We asked dads to reveal how they really feel (yep, even in the trickiest sitches)—and they delivered. Read on for heartfelt confessions *and* practical advice...

5 mins read
Girls' Life magazine
June/July 2022

Cut the Carb

Keto. Low-Carb. Banting. The simple—but challenging—act of cutting out carbs has taken on many forms over the past decade. While advocates for these various diets squabble over which moniker can hold dominion over this breadless, pasta-less realm, the reality is that cutting carbs is here to stay. But we're not leaving you stranded here alone, far from it. Author of End Your Carb Confusion Dr. Eric C. Westman, and chef Scott Parker, author of End Your Carb Confusion: The Cookbook, are here to help you cut through the bad science, bad dishes and bad advice to serve up the real deal in three phases.

10+ mins read
Men's Health South Africa
May June 2022