Future Retail (FRL) on Thursday told the Delhi High Court that it intends to proceed with the Rs 24,713-crore deal to sell its retail assets to Reliance Industries and is seeking approval from the National Company Law Tribunal (NCLT) for demerger.
Marico has further taken up prices (in Parachute) which should help, although the management expects a correction in copra prices in the near-future; focus, however, remains on growth.
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SEOUL -- South Korea has delayed until Sunday any easing of social distancing measures because outbreaks involving mission schools are threatening to undermine efforts to keep new infections under control ahead of the Lunar New Year holidays. Read More
NEW YORK -- Southeastern Grocers Inc , the operator of U.S. supermarket chains Winn-Dixie and Harveys, decided on Thursday to cancel its initial public offering, the second time in recent years that it pulled an IPO. Read More
HONG KONG -- China sent an extra 100 cadres to work in its top Hong Kong office in the past year to make sure the city was ruled by patriots, the South China Morning Post said on Friday. Read More