Reliance Retail
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...
Retail
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...
Retail
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...
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
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....
Food
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...
Retail
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...
Fashion & Lifestyle
Reliance Retail expands its programme to support local artisans
IANS -
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...
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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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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