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Rakesh Biyani

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

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...

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

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...

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

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...

Disastrous first quarter for the domestic garment industry: CMAI

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...

SCAI presents SOPs and guidelines to Govt to reopen malls

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...

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

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,...

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

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...

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

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)...

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

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...

Future Forecast: Retail industry expects growth in second half of 2020

As economic slowdown continues to hurt sales, the Indian retail industry expects to bounce back in the second half of 2020 on the back of consumer demand revival and increased spending according to a report in PTI. While major players struggled to keep themselves...
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Apparel Group signs multi-brand agreement with Marquee Brands

The agreement covers bringing five of Marquee's renowned brands—BCBG, Ben Sherman, Bruno Magli, Sur la table and Martha Stewart—to...
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