Mukesh Ambani, despite being a later starter in the Retail Business, is today the undisputed emperor.
Gets scale, massive presence, higher valuation of its retail business, and inherits the entire logistics and distribution chain
Future Consumer faces a stiff resistance around Rs 12.50 levels. Here's a look at how the Future Group stocks look on charts.
Here are the top headlines on Wednesday morning
Aggressive expansion plans have led to cost overrun, sliding profits for Future Group firms
RIL is in talks with banks for a possible takeover
An agreement between Ambani's Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month
Future Retail operates 1,500 retail stores that cover over 16 million square feet of retail space in 400 cities
The funds will be used mainly for replacing the company's existing high cost current or near term maturity debts requirements
Future Group sees its biggest crisis after raising high-cost loans from PEs and pledging shares
Referring to rumours that have been doing rounds and, specifically, one WhatsApp message portraying names of lenders and debt numbers for Future Group, Biyani said it is impacting its listed entities
Ikea is not the only one moving away from large-format stores
Amazon is also pushing its Amazon Now app aggressively to its Prime members, for which it has enlisted Big Bazaar as its delivery partner
This is the second time in two weeks that the CCI has given its nod to a foreign investment in a Future group company.
We have to become a cost leader in whatever we do. And derive more from less, says Kishore Biyani
Kishore Biyani-led group has said that the present partnership is for distribution of Dole's packaged food in India; local manufacturing will follow
The company is looking to extend short-term credit facility to customers through a 'digital' NBFC
The statements acquire significance in light of Biyani's attempts to move on after a breakdown in talks between his flagship retail company Future Retail and Amazon
Biyani eyes Rs 10,000 cr revenue from foods biz in 4 yrs
Biyani said the group would set up a 20-million member network and build an ecosystem around it