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Battle of mergers and consolidations intensify in India’s retail market

The Indian retail market is expected grow and reach US$ 1.4 trillion by 2023 at a compound annual growth rate (CAGR) of 10.7 percent between 2020-2023. Following the acquisition of Flipkart by Walmart in 2018, the fast-growing and lucrative...

Future Retail explores, evaluates various opportunities for stake sale

Future Retail, responding to reports of talks to sell a stake in the firm to Reliance Industries Ltd (RIL), on Thursday said it continues to explore and evaluate various opportunities. According to a PTI report: Responding to the BSE over...

Future Group in advance talks with RIL to sell stake in Future Retail, other units: Report

The Future Group is in advance talks with Mukesh Ambani's Reliance Industries to sell stakes in Future Retail and some other units, according to industry sources. According to a PTI report: The Kishore Biyani-led group, which already has a partnership...

Future Retail to raise up to Rs 650 crore to reduce debt

Debt-ridden Future Retail on Wednesday said its board has approved raising up to Rs 650 crore by issuing non-convertible debentures (NCDs) to pare debt. The NCDs will be issued on private placement basis in one or more tranches, Future...

Amazon, Future Group in talks over Future Retail stake sale

Kishore Biyani-led Future Group has started talks with Amazon for selling stake in Future Retail Ltd to the US-based e-commerce major, industry sources said. The two parties initiated talks earlier this week for a stake in Future Retail, they...

Big Bazaar enters doorstep delivery space as biggies log out

As the online delivery space shrunk with Flipkart, Amazon, Bigbasket and Grofers suspending or curtailing operations amid the 21-day lockdown, supermarket chain Big Bazaar has entered the fray, with launching doorstep delivery services in major cities like Delhi, Mumbai,...

Future Retail Q3 net profit down 16.7 pc to Rs 164.56 cr

Kishore Biyani-led Future Retail Ltd on Thursday reported a 16.72 percent decline in consolidated net profit at Rs 164.56 crore for the third quarter ended December. The company had reported a net profit of Rs 197.60 crore in October-December...

Phygital is the future: Kishore Biyani

Future Group founder Kishore Biyani on Thursday said brick-and-mortar stores and digital retail have their own sets of advantages as well as challenges, and bringing in a hybrid model of 'phygital' can help businesses perform better. Biyani, in a fireside...

Amazon in talks to buy 9.5 percent stake in Kishore Biyani-led Future Retail

Online retailer Amazon is in advanced stage of talks to buy around 9.5 percent stake in Kishore Biyani-led Future Retail, according to sources close to PTI.According to a PTI report: A final shape to an agreement between the two...

Future Consumer launches an innovative home care brand, Prim

Future Consumer a new age FMCG company by Future Group launches, Prim a smart home care brand. Prim offers innovative products that will help Millennials manage their homes in a fast and effortless way. The range includes first of...
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Killer Jeans maker KKCL to invest Rs 35 cr in FY25 on capacity expansion, new stores

KKCL had cash of Rs 390 crore in its books and is paying the Rs 166 crore for the...
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