Taking control of manufacturing will help boost profits for the food business, but it could leave the group saddled with huge debt.
Players such as Food Bazaar, Reliance, More and Vishal have already launched their private labels in this category. Names such as Tasty Treat, Disney, Ching's, Smith & Jones from the Future Group stables and Reliance Select from Reliance Retail among others are challenging the market dominance of Maggi in terms of in-store purchases in these retail formats.
Bengaluru police said, action has been taken and the person concerned rounded up. Strict action will be taken against him. No such misbehaviour with foreign tourists will be tolerated.
Kishore Biyani, the retail baron, seems ready to smoke the peace pipe with suppliers with whom he has been at loggerheads for the past few months. The move comes at a time when some of his recently launched private-label product categories are outselling those of multinational rivals such as Nestle.The founder of Future Group of retail chains including Food Bazaar and Pantaloon recently launched a series of in-house value-for-money consumer products.
ITC, Godrej Agrovet, DCM Shriram and other companies expanding in rural areas may eclipse the growth of their urban counterparts, including Reliance Fresh and the Future Group-owned Food Bazaar chain, helped by higher farm income that is spurring a boom in sales of fast moving consumer goods, consumer durables and apparel.
Raw green chickpeas is nicest lightly boiled with chopped onion. But try this take.
The genesis of India's most-loved dish may go to canny cooks in the Mughal era, notes Sandeep Goyal.
Big chains such as Star Bazaar, Future Group and D Mart have set up separate shelves to sell products of Patanjali.
Maggi banned in Delhi for 15 days.
Get set to burrrrrrp! Presenting the real taste of India!
Rohit Shetty's strengths have been action and humour; the former he delivers in spades, but the latter is totally lacking in Indian Police Force, observes Deepa Gahlot.
The holy month of Ramzan is here and so are the delicious treats and gastronomic experiences!
Baga and Gokarna make the list of the world's top 100 beaches.
Patanjali Ayurved, founded in 2007 by yoga guru Ramdev, is targeting Rs 10,000-crore (Rs 100-billion) revenue in 2016-17
Cries of help were forwarded through the night, as Chennaiites, who waded through a similar nightmare in 2015, reconnected online again and formed citizen rescue groups to deal with emergencies.
With the spate of businesses turning their attention to Ayodhya, land rates have shot up, in some pockets by as much as 10 times. Whether one walks into a hotel lobby or sits down for a meal, land deals are being discussed at every other table -- one on one or among groups.
The jewel-encrusted Topkapi dagger and the enormous Spoonmaker's Diamond set amongst two more rows of diamonds were truly gape-worthy!, Letika Saran tells us after a fascinating encounter with Istanbul.
Ahmedabad is home to the strangest of cuisines and is a city of contrasts, if you look beyond the tourist places.
The Delhi government will set up special camps for those who lost their Aadhaar cards and other important documents, and make arrangements for books and clothes for the affected children, Chief Minister Arvind Kejriwal announced on Sunday.
One of the refugees managed to contact the Rohingya Human Rights Initiative and give the coordinates which showed the ship drifting southeast of the Andaman Islands towards Aceh in Indonesia.
Build something that customers love. And then sit back to enjoy it.
In What's Love Got To Do With It, Shekhar Kapur makes the simple point that when it comes to love, nothing else matters, observes Deepa Gahlot.
Ekta Mohanani Kamra, travel enthusiast and founder, Hop & Bop, lists places and activities to add to your monsoon bucket list.
'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
A 1,200-year-old Hindu temple in Pakistan's Lahore city will be restored after 'illegal occupants' were evicted from it following a lengthy court battle, the federal body overseeing minority worship places in the country said on Wednesday.
He's betting big on small stores to help him reach 10 million households by FY21, report Abhineet Kumar and Raghavendra Kamath.
Featuring mushrooms, onions, capsicum and tomatoes, this curry is a powerhouse of flavour.
Bharti Retail will issue one equity share of Rs 2 each for every share of Rs 2 held in Future Retail
Latif's free-meal offer to Indians went into effect last week and the response has been overwhelmingly positive.
When the young stars of Dhadak graced the cover of Harper's Bazaar India.
If you are planning a vacation, choose from these most clicked on destinations.
In the past few days, many companies, including fashion e-tailer Nykaa, food delivery platform Zomato, logistics and delivery firm Delhivery, insurance discovery platform PolicyBazaar, eyewear retail chain Lenskart, and edtech and online tutoring firm Byju's, have openly spoken about their IPO plans.
Hitesh Harisinghani/Rediff.com shares his food pics from Darjeeling and Gangtok.
Regulator seeks clarification on transfer of convertible debt after merger
Debt-ridden Future Group is now focusing on saving and rebuilding firms such as -- Future Lifestyle Fashions, Future Supply Chain Solutions, Future Consumer and Future Enterprises, after the Rs 24,713-crore deal with Reliance Retail was rejected by secured creditors, according to industry sources. However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before the National Company Law Tribunal (NCLT). Other companies like Future Enterprises Ltd (FEL), Future Lifestyle Fashions Ltd (FLFL), Future Supply Chain Solutions Ltd (FSCSL), Future Consumer Ltd (FCL) can sustain on their own and can be rebuilt by restructuring their liabilities with the help of current lenders and investors, said an industry source close to the Future Group.
Considering the dangers of importing dogs from other states for consumption and also in line with the Prevention of Cruelty to Animals Act, 1960, the state cabinet took the decision.
Initial public offerings (IPOs) by start-ups are bringing cheer to investors and investment bankers alike. After food delivery company Zomato, Nykaa has issued the fattest pay cheque to the managers of its share sale -- Rs 148 crore, or 2.8 per cent of its issue proceeds of Rs 5,300 crore. In absolute terms, this is the second-highest amount paid to investment bankers for handling an IPO, while in percentage terms, it is the highest for large IPOs (>$300 million) in the last one year, shows an analysis of the data provided by Prime Database, a primary market tracker.
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.
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