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.
The company had signed a memorandum of understanding with the state government to set up the plant at an investment of Rs 30,000 crore (Rs 300 billion).
According to a 2013 CLSA report , online retail in India was worth $3.1 billion, or about 10% of the country's organised retail market
Though the intent has been hailed as good for the economy, teething problems remain with a five-rate structure for various goods and services
A call by the Traders Federation in Tamil Nadu to ban sales of Coca Cola and Pepsi soft drinks came into effect on Wednesday with its president A M Vikrama Raja declaring drinks as 'toxic' for consumption.
The heat wave that began a few weeks ago as well as the prediction of a possible El Nino weather phenomenon this year has beverage and ice-cream makers hope for a 15-20 per cent growth in sales in May
Instead of condemning all businessmen, the PM may like to listen to some of them.
Names such as Danone, Dabur, Mondelez and Abbott Healthcare have also figured on the list of suitors.
Companies from Unilever to Proctor & Gamble, Nestl, Coca-Cola and PepsiCo have all alluded to lockdown challenges in India and the globe as well as the impact it will have on April-June as well as full-year numbers.
The Coke one drinks today is perhaps "much more safe" than the milk one consumed or the fruits and vegetables that one ate, a top official of Hindustan Coca Beverages Private Limited, the bottling division of the Coca Cola company, said.
In a blow to the soft drinks majors Coca-Cola and Pepsi, the Kerala High Court on Friday declined to stay the government order banning the manufacture and sale of their products in the state.
With rising incomes, education, and health awareness in India, especially in the big cities, droves of people are saying no to sugar.
FSSAI will put the draft guidelines in front of a seven-member expert committee.
The regional players are outrightly opposed to the idea, while MNCs are looking for procedural changes that, they say, will align the labelling criteria with global practices.
The country's largest consumer goods company Hindustan Unilever says it has been able to reduce its water use by regular metering, monitoring and controlling of utilities consumption at all its manufacturing sites
People flock to electronics shops to buy air conditioners.
Is Being Human, the actor's apparel brand, an extension of his persona or is it a move to correct his bad-boy image?
India was the flavour of the year, at least in the FMCG sector, as multinationals hiked stakes in their subsidiaries lured by long term potential of the country, while homegrown executives made their way to top hierarchy of global firms in 2013.
The new push is being driven primarily by over 170,000 villages where household income is over Rs 1 lakh a year.
Have committed themselves to investing Rs 1,85,000 crore since last year.
