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Rakesh Biyani

In Focus

Future Retail lenders reject Space Mantra’s bid; NCLT extends insolvency period for 15 days

PTI -
The Resolution Plan submitted by Space Mantra for Future Retail Ltd (FRL), failed to get the required number of votes in the e-voting process of the Committee of creditors (CoC) New Delhi: The lenders of Future Retail Ltd have rejected...
In Focus

Future Retail resolution professional moves NCLT against Kishore Biyani and family alleging fraudulent transaction

PTI -
The application "has been filed pursuant to the findings in the report received from Nangia & Co. LLP, which was appointed as 'Transaction Review Auditor' by the RP," said a regulatory filing from Future Retail Ltd (FRL) New Delhi: The...
Retail

HC seeks Future Retail’s stand on Amazon plea to set aside court’s observations against it

Indiaretailing Bureau -
The Delhi High Court Wednesday sought response of Kishore Biyani-led Future Retail Ltd (FRL) on Amazon's plea challenging the prima facie observations by a single judge that the US e-commerce giant's attempt to control the Indian entity was violative of FEMA and FDI rules. A bench of Chief...
Latest News

Suspend review of Future-RIL deal, don’t grant no objection: Amazon urges SEBI

Indiaretailing Bureau -
E-commerce giant Amazon has written to Sebi yet again, apprising the market regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the Rs 24,713 crore Future-RIL deal. It has also filed an appeal with...
Fashion

Disastrous first quarter for the domestic garment industry: CMAI

Indiaretailing Bureau -
The 3rd survey conducted by CMAI amongst its members reflects the crisis the domestic garment is going through, with 74 percent of its respondents seeing a 90 percent drop in sales for the quarter ending June 2020. An additional...
Retail Hub

SCAI presents SOPs and guidelines to Govt to reopen malls

Indiaretailing Bureau -
On Wednesday, Shopping Centres Association of India (SCAI) presented SOPs and guidelines to the policy makers of ‘Empowered Group 6’ just before FM’s announcements The group chaired by Amitabh Kant, CEO, Niti Aayog patiently heard and seemed convinced with the...
Retail

COVID-19 Crisis: How retailers can win consumers post lockdown

Charu Lamba -
India is working hard towards flattening the coronavirus curve. Nonetheless, many sectors have been hit hard, among them hospitality, aviation and retail. As per an industry report, going ahead, the world economy is going to become a low-touch economy,...
Retail

New coronavirus SOP to inflate retailers' cost up to 35 percent: Rakesh Biyani

Indiaretailing Bureau -
The operating cost of retailers would increase by up to 35 percent after following the new standard operating protocol (SOP), which includes implementing social distancing and a token system at stores, introduced in the wake of coronavirus pandemic, Rakesh...
Fashion

CMAI requests aid from Central and State Government to pay wages to the employees

Indiaretailing Bureau -
India’s economy is suffering one of the worst economic slowdowns in its history, in line with the global destruction caused by the Covid-19 pandemic. As a result, the companies/factories coming under Ministry of Micro, Small and Medium Enterprises (MSEMs)...
Retail

Future Retail Limited raises US $500 million from International Bond Markets

Indiaretailing Bureau -
Future Retail Limited (FRL), one of the leading organised retail players in India has successfully priced a US $500 million Fixed Rate Senior Secured 144A/Reg S Bond for a 5-year (non-call 3-year) tenor at 5.600 percent. FRL's debut bond transaction...
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Latest News

Latest NewsPTI -

UPI transactions hit record high of Rs 25.14 lakh crore in May

In terms of volume, 1,867.7 crore transactions were done in May against 1,789.3 crore in the previous month New Delhi: Transactions...
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