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January 11, 2021
In its letter dated January 5, Amazon urged the market regulator to direct the Indian stock exchanges not to issue any no-objection or approval letter to Future Retail Ltd
January 9, 2021
Updated Jan 09, 2021 | 07:41 IST Over the last 3 months, RIL shares have declined nearly 14% and 18.3% from its all-time high level of Rs 2,369.35 touched after the announcement of its deal to buy retail and wholesale assets of Future group. Mukesh Ambani rose to fourth position on the Bloomberg Billionaires Index in August 2020.  New Delhi: Reliance Industries chairman and managing director Mukesh Ambani, who is also Indias richest person, has slipped further on the ...
January 6, 2021
Amazon knew fully about talks with RIL for retail assets sale: Kishore Biyani Biyani said the US giants 2019 investment in Future Coupons Pvt Ltd (FCPL) -- Future Retails parent -- was for coupon and gifting business only and the same could continue post-retail assets going to Reliance PTI | January 6, 2021 | Updated 09:15 IST Future Group Founder and CEO Kishore Biyani Future Group Founder and CEO Kishore Biyani on Tuesday said Amazon was fully aware of his groups talks with Reliance Industri...
December 31, 2020
Updated Dec 31, 2020 | 07:55 IST Zhong Shanshans net worth has soared $70.9 billion this year to $77.8 billion, making him the richest person in Asia, knocking RIL Chairman Mukesh Ambani from his mantle. Mukesh Ambani is no longer Asias richest person, meet the new Chinese man who dethroned him. (File Photo)  |  Photo Credit: BCCL New Delhi: Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani is no longer Asia’s richest person. The Indian ...
December 31, 2020
Richest person of Asia: Mukesh Ambani loses title to Zhong Shanshan of China By Sameer| Published: 31st December 2020 10:19 am IST New Delhi: Mukesh Ambani, Chairman of Reliance Industries Ltd. (RIL) is no longer the richest person of Asia. He lost the title to Zhong Shanshan, founder of Nongfu Spring, China’s largest bottled water company. The chairman of RIL who had earlier lost the spot in top 10 richest persons in the world is currently at 12th position on Bloomberg Billionaire Index. ...
December 30, 2020
New Delhi: With an epic battle of billionaires for supremacy in one of the world’s most prolific markets and a pandemic-propelled surge in online shopping in the background, India’s nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the new year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world’s wealthiest man, and ...
December 30, 2020
Updated Dec 30, 2020 | 09:12 IST Future Group is reopening its offices, hiring top management executives across formats, Future Group founder Kishore Biyani told employees in an email. Representational image  Key Highlights The retail chain operator had trimmed its operations due to a severe cash crunch amid the Covid-19 led nation-wide lockdown. In an email to employees, Kishore Biyani said Future Consumer and Future Enterprises have received large orders from Rel...
December 29, 2020
From the brink to recovery, Indias retail sector pins hope on 2021 In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the worlds wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach USD 1.3 trillion by 2025. PTI December 29, 2020 / 01:32 PM IST V2 Retail: Bennett Coleman & Company sold ano...
December 29, 2020
Updated Dec 29, 2020 | 18:12 IST Kishore Biyani-led Future Retail has reportedly written a letter to Sebi citing the Delhi HC ruling that the retail companys board decision to allow the merger of listed entities and sell retail assets to RIL Future Retail writes to Sebi, asks to expedite review of deal with Reliance Retail quickly.  |  Photo Credit: BCCL New Delhi: Kishore Biyani-led Future Retail Ltd (FRL) has asked the Securities and Exchange Board of India ...
December 29, 2020
From brink to recovery, Indias retail sector pins hope on 2021 With lockdowns heavily restricting physical store sales and consumers flocking to online mode of shopping, 2020 saw a dramatic shift in consumption behaviour and adoption of the digital medium PTI | December 29, 2020 | Updated 16:01 IST Even as COVID-19 kept retailers on their toes in 2020, some of them were busy making deals With an epic battle of billionaires for supremacy in one of the worlds most prolific markets and a pandemic...