Page 6 - Future Group News Today

In a financial maneuver that has raised eyebrows, Jindal (India) has submitted a bid of ₹301 crore for the debt-laden Future Enterprises (FEL), a sum that amounts to less than 3% of the staggering ₹12,265-crore loan exposure, rendering it almost inconsequential to the lenders, according to individuals familiar with the bidding process.

Future Retail, the debt-ridden company once owned by Kishore Biyani-led Future Group, is now facing liquidation as its lenders could not find a suitab

The Souled Store co-founder Harsh Lal, speaking about the company's early days said, "Luckily in 2013, we were slightly early to the market. It was just a sweet spot when people were just getting more comfortable shopping online."

Nikhil Kamath, speaking at NAS Summit, organised by vlogger Nuseir Yassin, known as Nas Daily, said that he is learning to make content and went online to find the cures of how to do it well.

The retailing pioneer believes that a person can do limited hours of work throughout his or her lifetime - whether s/he does it now or later depends on the person. His 'words of wisdom' come at a time when fierce debate is going on whether the country's work culture has to be changed from 8 hours a day to 12-14 hours a day. 

Future Group decided to sell its assets to Reliance Industries in 2020 but Amazon filed a case and this led to the stalling of Bayani’s plan to sell Future Group’s assets worth USD 3.4 billion to Ambani.

After putting in 15 hours a day at work, he said he used to go back home and think about L&T for another one hour.

Kishore Biyani said that the city has enormous consumption, be it clothes, properties, or movies.

Future Group founder Kishore Biyani said that he used to visit Varanasi a lot. He called Varanasi the most fascinating city in India.

Kishore Biyani spoke also about the tussle between Reliance and Amazon that further added to the woes of Future Group that was already in crisis mode following the COVID-19 pandemic.