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Reliance Retail plans to enter into salon business; acquire stake in Naturals

New Delhi: The country’s largest retailer Reliance Retail is planning to enter the salon business by acquiring a 49 per cent stake in Chennai-based Naturals Salon & Spa, according to sources.Reliance Retail, part of oil-to-chemicals conglomerate Reliance Industries, is...

Future Enterprises defaults on principal amount of Rs 126.13 cr in Sep

New Delhi: Debt-ridden Future Enterprises has defaulted on a principal amount of Rs 126.13 crore in September, which includes payment obligation of Rs 98.35 crore for NCDs and Rs 27.78 crore to banks, under a one-time restructuring (OTR) scheme.Future...

Smaaash Entertainment Pvt Ltd. appoints Shirish Kotmire as CEO

Mumbai-based Smaaash Entertainment Pvt Ltd announced the appointment of their new CEO Shirish Kotmire. Kotmire will bring together about three decades of experience in aggressive growth-oriented mature global companies as well as successful new ventures and start-ups. He is a...

17th IMAGES Retail Awards honours excellence in the business of retail

The 17th IMAGES Retail Awards powered by Vegas celebrates the triumph of veterans in the retail space. The nomination process for the awards started from April 2020 till September 2021. Instituted in 2004, the IMAGES Retail Awards recognises and honours...

Amazon moves SC against Delhi HC stay order restraining Future-Reliance deal

Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi high court order which stayed a single judge's order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business according to...

E-commerce firms bypassing foreign investment norms: Reliance to Govt

Billionaire Mukesh Ambani's Reliance Retail on Thursday told the government that complex legal structures have been used by some firms to bypass the country's e-commerce rules which from the very beginning do not allow foreign capital in the inventory-based model. At...

Delhi HC stays order restraining Future-Reliance deal, court notice to Amazon

The Delhi high court on Monday stayed the single judge order restraining Future Retail's Rs 24,713 crore deal with Reliance Retail to sell its retail and wholesale business.The Kishore Biyani-led group firm, Future Retail Ltd (FRL) had filed an...

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

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...

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...

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...
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Ex-Zomato executive-owned F&B company Ninecamp Ventures raises Rs 16 cr seed funding

The proceeds will be allocated to enhancing the brand portfolio, acquiring prime real estate, recruiting talent, and investing in...
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