Amazon provided mere "lip service" and failed to provide any help to the debt-laden Future Group as the retail major suffered massive setback amid the COVID-induced lockdown and faced possible insolvency or debt restructuring, Future Group's promoters said in a letter to the e-commerce giant. This is the first time Future Group promoters have written to Amazon after the parties were embroiled in a legal battle over the sale of Future's retail assets to Reliance Industries. The letter from the promoters, including Kishore Biyani, was written on December 31. It alleged that Amazon's actions "lacked good faith" during the March to August period, when the group's retail business was severely hit by the lockdown.
With two major cricketing events -- the World Cup and the Indian Premier League -- back to back this year, the retail fan cricket gear market is on a roll.
Big Bazaar stores have sold 900 Nano cars since February, when Tata Motors made the arrangement.
Asia's oldest and largest cattle fair may soon lose its star attraction.
With Big Bazaar Direct, the company franchisees will visit customers to take orders and the products would be delivered in three to seven days.
The district administration in Shillong also clamped curfew in areas under two police stations in view of the 'serious' deterioration of law and order.
A look at 2017's Top 10 models on Instagram.
Caterina Lopez talks about her item mumber in Bhindi Bazaar.
Amid news that the company was planning to scale down its online marketplace business and eventually exit it, Paytm Mall is targeting Rs 10,000 crore in business over the next 12 months, says Karan Choudhury.
Sukanya Verma lists memorable instances of stars entertaining kids over the years.
Urvi Malvania looks at what is in store for the IPL's 2019 edition.
Is Kim's daring debut any match for Padmalakshmi or Vaani Kapoor?
'I reached Bhopal the day after the gas tragedy; the smell was still in the air. It was a professional hazard but I was not scared.'
in the last three months, brands such as Tata Starbucks, KFC, and Pizza Hut have launched drive-through or kerb-side delivery services at their restaurants to catch consumers nervous about dining in.
Get set to burrrrrrp! Presenting the real taste of India!
Four persons, including a six-year-old girl, were injured in two explosions that rocked he city's commercial hub Fancy Bazaar on Saturday.
Treat yourself to smoking hot pix of Bollywood's bikini-clad cover girls.
Over 10 Indian start-ups with total valuations of $84 billion (some are planning fresh fund-raising) are bracing to launch initial public offerings (IPOs) in the next 36 months. While the size of their IPOs is under discussion, estimates are that they would together raise a minimum of over $8-10 billion during the initial listing.
TTP chief said the blast was in retaliation for killing LeJ chief Chotu, along with three others in an encounter.
These glam girls will melt your screens right away.
The model is rocking a baby bump and how!
UNICEF India has teamed up with social media influencers to raise awareness about menstrual hygiene.
Maharashtra continues to remain the worst-affected state with 41,642 cases, followed by Tamil Nadu (13,967 cases), Gujarat (12,905 cases), and Delhi (11,659 cases).
Pantaloon Retail (India) Limited, a retail organisation, is recruiting Sales Executives, Head Cashiers, Team Leaders and Supervisors.
US watchdog lauds India's IPR efforts, but picks holes in legal framework.
Author Rajni Bakshi discusses with Editorial Director Prem Panicker how her latest book Bazaars, Conversations and Markets came about.
A transgender, a professional diver and a dusky beauty are among the hotties who'll walk at Lakme Fashion Week this season.
From July 10, when it was launched till August 7, 1,087,030 lives have been covered under Corona Kavach through 648,276 policies with premium of Rs 182 crore and sum assured for Rs 42,956 crore. In addition, 186,347 lives have been covered under Corona Rakshak through 156,695 policies with premium of Rs 25.5 crore and sum assured for Rs 3,293 crore, an Irdai official said.
Without directly referring to the farmers' agitation, which entered the 17th day on Saturday, Modi said agriculture reforms as part of government efforts are aimed at removing roadblocks, and the new laws will also bring in technology and investment in the sector.
The iconic Waheeda Rehman tells Subhash K Jha why she refused her most memorable role in Guide until...
Work in mandis across UP and in northern India which till Tuesday, witnessed heavy arrivals of newly harvested paddy, saw a steep decline.
Which of these celebs got it right?
Among those who are deeply saddened by music composer Khayyam's passing is ghazal maestro Talat Aziz.
MCLR-linked loans are more responsive to RBI's rate movements, and rate cuts may be transmitted to borrowers in a manner useful to them.
Future Group founder and CEO Kishore Biyani on Tuesday said Amazon was fully aware of his group's talks with Reliance Industries for the sale of retail assets that followed the US giant offering no concrete help to tide over the cash crisis. Opening up after being locked in an intense legal battle with Amazon over the Rs 24,713 crore deal with Reliance, Biyani in an interview with PTI said the US giant's 2019 investment in Future Coupons Pvt Ltd (FCPL) -- Future Retail's parent -- was for coupon and gifting business only and the same could continue post-retail assets going to Reliance. He hoped to complete the deal with Reliance within two months of Sebi approval.
Deputy Commissioner of Police (Special Cell) Pramod Singh Kushwah said the accused, Mukadir Islam, (22), Ranjeet Ali (24) and Luit Zameel (24), all residents of Goalpara, were arrested on Sunday.
Which of these talents impressed you the most?
Rani, Kajol, Ash or Alia, Shraddha, Nargis? Which covergirl takes the top spot this months?
In a surprise attack by the Maoists, four security personnel were killed and their arms looted in Jhargram sub-division of Naxal affected West Midnapore district on Sunday.
Following is the chronology of the 2003 twin blasts at Gateway of India and Zaveri Bazaar.
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