From April 1, when we buy insurance for a car or take out a health cover, insurance companies can offer a product totally customised for us.
As many as 48 companies, including Reliance Retail, Jindal Power Ltd and Adani group, are in the final list of eligible prospective resolution applicants for acquiring debt-ridden Future Retail Ltd. The Resolution Professional of Future Retail Ltd (FRL), which is currently going through an insolvency resolution process, on Monday came out with the final list of 'Eligible Prospective Resolution Applicants'. On April 10, FRL's RP updated a list of 49 companies, which had submitted Expressions of Interest (EoIs) after the company's lenders decided to invite fresh bids after dividing its assets into clusters.
Future group founder Kishore Biyani on Wednesday said the homegrown retail major lost nearly Rs 7,000 crore revenue in first three-four months of the Covid-19 pandemic due to closing of stores, which led him to sell his business to Reliance Industries.
May offers a mix of original Web series and digital movie premieres on OTT.
'Money was pouring in after Movers & Shakers. At the turn of the millennium, I was voted one of the top 10 Mumbaikars. People joked that even when they switched off their TV sets, I was there! I would ask God if he was compensating me for the loss of Ayush, the greatest tragedy of my life.'
Manoj Kumar, CEO, e-Zone and Electronics Bazaar, said,"The Mega e-Zone, measuring 25,000 sq ft and above in area, is being developed as a destination store for electronics purchase. The store will offer seamless space for brands to retail their own merchandise."
Retail chain set to spin off Big Bazaar, Food Bazaar, create holding firm.
As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. Reliance Retail Ventures Ltd, which is the holding company for retail operations of RIL and April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group have again submitted their EOI, after the lenders of Future Retail decided to invite fresh bids after dividing FRL's assets into clusters. According to an update from FRL's Resolution Professional, the 49 players would be permitted to submit "resolution plan(s) for any/all such Clusters under Option II".
'The idea of modern retail is to drive consumption and grow the economy. If international retailers can do that and add new categories, why not?' asks Kishore Bayani of the Future Group.
Pantaloon Retail, the country's largest retailer, has seen its sales dip for the first time in four years, on subdued consumer sentiment and uncertain prospect of an economic revival. Reflecting the trend, the stock of the company fell 5.1 per cent to Rs 189.8, even as the Sensex rose 3.3 per cent.
Big chains such as Star Bazaar, Future Group and D Mart have set up separate shelves to sell products of Patanjali.
Venturing into the outdoor media business, Kishore Biyani's Future group, with retail brands such as Pantaloon, Big Bazaar
In a break from the recent trend, retailers, led by Kishore Biyani's Pantaloon Retail (India) Ltd, Raheja-owned Shoppers Stop Ltd and the Lalbhai Group's Arvind Ltd, are experiencing strong growth in the fashion segment, thanks to positive consumer sentiments during the current festive season.
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. This will be a big support for the cash-strapped future group firms before the completion of Rs 24,713 crore buyout of the country's second-largest retailer by Reliance Industries' arm. Ecommerce major Amazon has raised objections over the deal.
'When you walk on to a Sanjay Leela Bhansali set, it is complete surrender. You have to become a sponge.'
Pantaloon Retail (India) Ltd on Monday reported a 105 per cent year-on-year growth in retail sales in August at Rs 146 crore (Rs 1.46 billion) and said it would open a series of outlets under its various brands in the next three months.
Reliance Retail will acquire the retail, wholesale, logistics and warehousing businesses of the Future Group. Future Group's financial and insurance businesses are not part of the deal.
'There is a clear business impact. People are avoiding crowded places and gatherings across cities. This is hitting business, both at traditional and modern trade outlets, during the Holi season, which kicked off from Saturday,' says Praveen Khandelwal, general secretary, Confederation of All India Traders (CAIT).
'The girl who helps me at home has had a tough life, yet her perspective of life is so much more positive than mine despite the hardships she's endured.'
Future Group Founder & CEO Kishore Biyani wants to take his pet theme of 'collaboration' to the next level for a greater share of the consumer's wallet.
S Rajarathinam is the founder-owner of this retailing giant. We asked him about his opinion on the government's decision to allow 51 per cent foreign direct investment in India's multi-brand retail trade and 100 per cent FDI in single-brand retail trade.
'It's not easy to perform in front of 5,000 people, who are standing right behind the camera. You have to remember the dialogue even when the crowd is shouting and saying things to you.'
The 26-yr-old actor from Punjab has a million followers on social media.
He was at the wedding reception of Vivek Biyani, nephew of entrepreneur Kishore Biyani.
In 2020-21, business activities were hit by the coronavirus pandemic. Biyani's annual remuneration stood at Rs 3.86 crore in 2019-20, according to Future Retail Ltd's (FRL) annual report for 2020-21. FRL's managing director Rakesh Biyani also saw his remuneration decline by 4.82 per cent to Rs 3.75 crore in the financial year ended March 31, 2021.
In an email interview, the Mumbai-based Devdutt Pattanaik spoke to redidff.com about his latest book on the Mahabharata and about what lessons the epic holds for today's times
Tension prevailed in parts of Hyderabad on Saturday following fresh attacks by students and Telangana Rashtra Samithi (TRS) activists in their demand of separate statehood of Telengana.
Durable retailers have lined up a series of offers to lure customers during Christmas and New Year's eve
Protests following the arrest of Maharashtra Navnirman Sena chief Raj Thackeray on Tuesday crippled retail businesses in and around Mumbai, the commercial capital of the country
Subscribers will get free talk-time based on their purchases at the group's stores.
A look into what to look out for before using a store credit cards and when to avoid them completely.
Kolkata, which has remained a priority centre for Future Group is also all set to get three more Pantaloon stores by the festive season in 2011. The group has finalised locations for Madhyamgram, Lake Mall and Jessore Road.
Retailers are all set to cash in on R-Day's festive feel with attractive offers and discounts.
Kishore Biyani, who owns the Future Group and its associated retail chains, is seeking support from rival retailers to challenge the might of Hindustan Unilever, Cadbury, Britannia and other confectionary, food and fast moving consumer goods companies (FMCG) to bargain for higher margins.
From sugar to car servicing firms, many companies, including Big Bazaar, Croma, Mahindra First Choice and Kaya Skin Clinic are offering discounts in a bid to ride on the festive fervour.
With the festive season underway, retailers in the online and the offline world need to prepare well to offer the best deals to consumers and earn trust.
Consider this: Kishore Biyani's Future Group, which owns the country's largest retailer Pantaloon, is converting the standalone stores of book and music chain Depot into shop-in-shops within Big Bazaar. While the number of Depot shop-in-shops has risen to 123, that of standalone stores has come down to nine. Same with UK-based footwear brand Lee Cooper.
Deepa Mehrotra's Diwalis in her hometown of Sitapur were full of rang.
The varied roles he has played have included those as a trader, a failed film-maker, a dance festival organiser
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