Page 48 - Big Bazaar News Today

The Singapore International Arbitration Centre (SIAC) had said in November last year that the Future-Reliance transaction should be put on hold until it gave a final ruling on the plea filed by Amazon.

Future Group, which had entered into a Rs 24,713-crore deal with billionaire Mukesh Ambani-led Reliance Industries to sell its retail business, has also received large orders from Jio Mart that is helping the retail major chart a strong comeback.

Sales to normalise by January-end, getting orders from Jio Mart: Future Group CEO Kishore Biyani Biyani said that Future Group - which operates popular retailing formats like Big Bazaar, FBB, Central and Nilgiris - has seen sales touching almost 60 per cent of the pre-COVID levels. Share Via Email   |  A+A A- By PTI NEW DELHI: Future Group expects normal sales to return for its retail vertical by the end of January, almost a year after the business was severely hit by pandemic-related ...

The Delhi high court recently upheld the proposed merger of Future Retail Limited (FRL) with Reliance Retail Ventures Limited (RNRL), following a challenge by Amazon.  It has also allowed Amazon to continue opposing the merger in appropriate legal forums.

Michael Hwang joins arbitration tribunal looking into Amazon-Future dispute: Report Sources said that with the appointment of Hwang as the presiding arbitrator, the tribunal is expected to meet soon and begin the arbitration proceedings between Amazon and Future PTI | January 6, 2021 | Updated 09:31 IST Singaporean barrister Michael Hwang has joined the three-member arbitration tribunal at the Singapore International Arbitration Centre (SIAC) that is looking into the Amazon and Future Group di...

BEML bags order for the supply of high mobility vehicles to Indian Army Premium (Photo: Reuters) BEML is involved in sectors like defence, rail, power, mining and infrastructure Share Via Read Full Story BEML Limited, one of the Defence equipment manufacturer and a ‘Schedule A’ Company under the Ministry of Defence (MoD) received orders from MoD for supply of High Mobility vehicles, at an approximate value of ₹758 crore. The company in a regulatory filing said," These High Mobility vehi...

Amazon-Future row: Singapores arbitration court forms 3-member panel to pass final verdict The three-member arbitration panel will be led by Singaporean barrister Michael Hwang, while Albert van den Berg and Jan Paulsson will be the two other members BusinessToday.In | January 6, 2021 | Updated 21:08 IST The arbitration proceedings between Amazon and Future could take 6-9 months Amid ongoing arbitration battle between US-based Amazon and Kishore Biyani-led Future Retail, the Singapore Internat...

Synopsis This will be a big support for the cash-strapped future group firms before the completion of Rs 24,713 crore buyout of the countrys second-largest retailer by Reliance Industries arm. Agencies Future Group has requested the regulator to expedite the review of the proposed deal and issue a no-objection certificate, while Amazon has urged that the review of the "impugned transaction" be suspended. Future group firms have started getting large orders from Reliance Industries, CEO Kishore...

Smaller startups are poised to drive social commerce in India Internet business experts do not feel that social commerce will remain restricted or confined to the US social media major. (iStockphoto) Share Via Read Full Story When Sonakshi Nathani saw her father struggle with WhatsApp orders for his grocery store in Raipur in Chhattisgarh, she decided to come to his rescue. The young software developer founded a startup and launched an app, Bikayi, to help sellers like him increase their busin...

Night curfew in Mumbai on UK virus strain fears India joined other countries in suspending all flights from Britain - home to a large Indian diaspora AFP December 22, 2020 MUMBAI: The Indian state of Maharashtra has imposed a night curfew on cities including the countrys financial hub Mumbai because of fears about the new coronavirus strain from Britain, the local government said. In addition, Mumbai airport said Tuesday that all air passengers from anywhere in Europe or the Middle East will h...