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Will Smith’s future projects reportedly paused after Oscars slap controversyAcademy award-winning actor Will Smith’s upcoming film projects’ development have been paused following the actor’s shocking reaction of slapping Chris Rock at the Oscars, reports.According to The Hollywood Reporter, Netflix has halted production on Smith’s thriller film Fast And Loose following the infamous incident at the…Continue Reading

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NEW DELHI: Outmanoeuvred by the swift backdoor takeover of Future’s retail shops by Reliance, Amazon on Wednesday pleaded with the Supreme Court to restrain Reliance’s “frolic” with disputed assets, the focal point of a multi-layered litigation including international arbitration. Appearing for Amazon, senior advocates Gopal Subramaniam and Ranjit Kumar said even though the arbitral tribunal…Continue Reading

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There is a cloud of uncertainty over the future of Indian medical students returning from Ukraine. While some have returned, many are wondering about their academic career, whether back home or stuck there. Indian authorities said while this was a state subject, accommodating these candidates in home colleges was impossible. According to the new rules…Continue Reading

Future Retail’s independent directors to turn down Amazon’s request for expedited due diligence

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New Delhi | Bengaluru: The independent directors of Ltd. have decided not to accept Amazon’s request to allow private equity fund Samara Capital to conduct an expedited due diligence of the cash-strapped retailer. The US-based etailer, in a letter to the independent directors on Saturday evening, had also said Samara Capital had “reiterated” that it…Continue Reading

Future Retail may miss $14 million coupon payment on bonds

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Future Retail Ltd may not be able to arrange funds to make $14-million coupon payments on foreign currency bonds on the due date on Monday, people familiar with the development said. The Kishore Biyani-promoted company, which had raised $500 million in an overseas bond issue offering 5.6% returns in January 2020, has one-month grace period…Continue Reading

Tata Group’s future growth will hinge on these four themes

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Tata Group’s future growth strategy will be based on four themes – digital, new energy, supply chain resilience, and health, Tata Sons chairman N Chandrasekaran has said. “Our companies are already adapting to these changes…Our new pilots and businesses, from 5G to TataNeu and Tata Electronics, are poised to benefit from our themes going forward,”…Continue Reading

Future asks Delhi court to quash Singapore panel’s block on asset sale

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 India’s Future Retail has asked a Delhi court to quash a decision by a Singapore arbitration panel that has kept the $3.4 billion sale of Future’s retail assets in limbo while the panel hears objections from Amazon.com Inc. Amazon has mounted legal challenges against Future’s planned asset sale to market leader Reliance Industries since last…Continue Reading

GITEX Future Stars: GELLIFY is the Official Innovation Partner for the Second Year in a Row

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Bringing startups and corporates together GELLIFY seeks to shape the region’s innovation capacities Dubai, United Arab Emirates Oct 12, 2021 (Issuewire.com)  –   GELLIFY is the official innovation partner second year in a row at the GITEX Future Stars, the startup event of the year which will be held from the 17th to the 20th October…Continue Reading

Future, Amazon set to mull truce, may go for out-of-court settlement

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Future Group and Amazon are likely to start negotiations for a possible out-of-court settlement of a year-long legal standoff over the proposed sale of Future Group assets to Reliance Retail once the Singapore arbitrator gives its initial rulings later this month, according to two people familiar with the matter. The Singapore International Arbitration Centre (SIAC)…Continue Reading