RIL

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Future Retail shares climb 5%

PTI -
As many as 49 players, including Reliance Retail, Jindal Power Ltd and Adani group, have submitted EoI for acquiring the assets of Future Retail, which is currently going through insolvency resolution process New Delhi: Shares of Future Retail climbed nearly...
Retail

Future Group moves HC against order restraining Future-Reliance deal

Indiaretailing Bureau -
The Future Group has approached the Delhi HC challenging a single judge's order upholding the Singapore's Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail Limited to sell its...
Retail

Traders’ bodies urge Amazon to ‘back off’ from Future-RIL deal

Indiaretailing Bureau -
Traders' body AICPD and NGO Prahar in an open letter on Thursday asked Amazon to 'back off' from blocking the Reliance-Future Group deal, alleging mall vendors and suppliers have become collateral damage in the current tussle between the companies. "Around 6,000 Indian small vendors and suppliers...
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...
Retail

We were fed up with your lackadaisical attitude, Future Group CEO Kishore Biyani tells Amazon

Press Release -
Opening up after being locked in an intense legal battle with Amazon over the Rs 24,713 crore deal with Reliance, Future Group Founder and CEO Kishore Biyani said in a letter to Amazon.com NV Investment Holdings LLC said, "You were well aware...
Retail

Future Retail anticipates liquidation if deal with RIL fails

IANS -
As a Singapore arbitration court has temporarily halted the acquisition process of Future Group's retail business by Reliance Retail, there has been speculation over what happens to Future Retail if the deal does not actually go through. Future Retail's representative...
Retail

RIL to now focus on monetization with 'commerce layer'

IANS -
In the next four years, Reliance Industries Limited (RIL)'s focus would be to add a third ‘layer of commerce’ and monetize the existing investments across different formats. According to a research report by BofA Securities, in the last 4 years,...
Retail

Future Retail logs Q4 net loss of Rs 477.63 crore

Indiaretailing Bureau -
Future Retail Ltd (FRL) reported a consolidated net loss of Rs 477.63 crore for the quarter ended March 2020. According to a PTI report: The company, which owns brands like Big Bazaar, fbb, Foodhall, Easyday and Nilgiris, had posted a...
Retail

India e-commerce to grow 27 pc, Reliance to capture half of online grocery sales: Goldman

Indiaretailing Bureau -
India's e-commerce business is expected to grow at a compound annual growth rate (CAGR) of 27 percent to reach US$99 billion by 2024, Goldman Sachs said projecting that Reliance Industries would capture half of the online grocery sales through...
Food

Reliance JioMart goes live on WhatsApp

IANS -
After signing a massive $5.7 billion deal with Facebook, Reliance Industries latest venture to expand into the retail market, JioMart, has reportedly gone live with its official WhatsApp number. According to media reports, JioMart is currently available in the suburban...
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Beauty & WellnessAnagha R Ratna -

Marie Claire Salon opens new outlet in Bengaluru

The store is situated at Mantri Square Mall, Malleshwaram, Bengaluru Bengaluru: French salon chain Marie Claire Salon has launched its new...
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