Mukesh Ambani
Big Grid
SC sends notice to Future Retail Ltd on Amazon plea against HC order
The Supreme Court Monday sought responses from Future Retail Ltd (FRL) and others on Amazon's plea against the Delhi High Court direction to maintain status quo on the Future-Reliance deal. The apex court said the proceedings before the National Company Law Tribunal (NCLT) will...
Big Grid
Future-Amazon tussle reaches Supreme Court, FRL says ‘will defend the matter’
Amazon has approached the Supreme Court against a Delhi High Court order that vacated the status quo on Future Group's proposed Rs 24,713 crore-deal with Reliance Industries.In a filing to stock exchanges, Kishore Biyani-led Future Retail Ltd has said that it "shall defend the matter/proceedings through its...
Big Grid
Make in India is going to go global at massive scale: Amazon India head
E-commerce will play an important role in the government's vision of 'Atmanirbhar Bharat' (self-reliant India) as more homegrown brands scale up and go global, leveraging digital infrastructure, a top Amazon India executive said on Wednesday. Amit Agarwal, global senior vice president and...
Retail
Future Group conceptualising 2 new brands, opening new stores even as its firms receive large orders from Reliance
Future Group firms have started getting large orders from Reliance Industries, its CEO Kishore Biyani said in an email to his employees on Tuesday. The group firms Future Consumer and Future Enterprises have recently received orders from Reliance Industries.
"We have received a large order...
Retail
Retailers hopeful of achieving ~85% pre-COVID sales by June 2021
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of...
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Despite global slowdown, FDI growth story in India to continue into 2021
The high growth story of foreign direct investments into India will "go well" in the new year too as there is a growing interest among overseas investors about the country amid the government's continuing reform measures to further improve...
Retail
Future Enterprises reports net loss of Rs 320 crore
Future Enterprises Ltd on Wednesday reported a consolidated net loss of Rs 320.56 crore for the second quarter ended September 2020, on account of lower revenue from operations. The company had posted a net profit of Rs 21.78 crore...
Retail
Jio, Facebook partnership is value creation platform for SMBs in India: Mukesh Ambani
IANS -
Mukesh Ambani, Chairman, Reliance Industries Limited (RIL) has said that the partnership between Jio and Facebook is great for India, Indians and small Indian businesses.
Ambani was in conversation with Mark Zuckerberg, CEO, Facebook at the first ever Facebook Fuel...
Retail
Amazon Tussle: Future Retail says not every development 'material event for disclosure'
Kishore Biyani-led Future Retail Ltd on Thursday accused e-commerce giant Amazon of adopting a media strategy of "having every development reported and converted into a line of communication with stock exchanges" regarding the Amazon-Future Coupons' arbitration proceedings in Singapore.
According...
Retail
Reliance Retail completes fund raise of Rs 47,265 crore for 10.09 pc stake
IANS -
Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) have completed the current phase of partner induction and fund raise exercise for RRVL.
Accordingly, the RRVL has received cumulative subscription amount of Rs 47,265 crore from its financial partners...
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Chai Sutta Bar opens 2 outlets in Bengaluru
The newly launched CSB outlets are located at Kalyan Nagar and NagarbhaviBengaluru: Quick service restaurant (QSR) chain Chai Sutta...
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