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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...

Amazon's attempt to control Future Group violates FEMA FDI: Delhi HC

The Delhi High Court has ruled that US e-commerce giant Amazon's attempt to control Future Retail through a conflation of agreements it has with an unlisted unit of the Indian company will be violative of the FEMA FDI rules, the Kishore Biyani-led firm said on...

Amazon's manipulative policies to dominate Indian retail must end: CAIT

Trader's body CAIT on Monday said Amazon's "manipulative, coercive, arbitrary and dictatorial policies" to dominate India's retail trade should come to an end, hours after the Delhi High Court passed an order related to Future Group's proposed asset sale to Reliance Retail, a deal...

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 Employees Day 2020: Celebrating frontline retail warriors in COVID times

Come December 12 and the Retail Industry across the globe  trains the spotlight on retail associates and celebrates them on the occasion of Retail Employees Day (RED). December 12 is the day to acknowledge retail associates who work with heart....

Tata close to a 1.3 bn deal to buy majority stake in with Bigbasket: Report

The Tata group is in advanced talks to buy around 80% in BigBasket for around $1.3 billion, valuing India’s largest online grocer at around $1.6 billion. The stake acquisition bid comes at a time when the race for Indian online...

Amazon-Future Tussle: Singapore's arbitration court rejects Future Retail's plea

Future Retail Ltd's plea to be excluded from being a party to the Amazon-Future Coupons' arbitration proceedings has been turned down and the Court of Singapore International Arbitration Centre (SIAC) has ordered that the arbitration shall proceed, according to...

Reliance Retail expands its programme to support local artisans

In a push for locally-made artisanal products, Reliance Retail showcased more than 40,000 artisan-crafted products from over 50 Geographical Indication (GI) clusters to its customers this festive season. Reliance Retail's programme to support local artisans includes its three-year old flagship...

Reliance Retail completes fund raise of Rs 47,265 crore for 10.09 pc stake

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...

Amazon not shareholder, no say in company affairs: Future Retail tells Delhi High Court

Kishore Biyani-led Future Retail Ltd (FRL) Thursday told the Delhi High Court that Amazon was not its shareholder and has no say in its affairs and the interim order passed by the Singapore International Arbitration Centre (SIAC) was of...
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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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