Page 3 - Future Supply News Today

Synopsis Apart from Big Basket and Grofers, Amazon, Flipkart and Reliance too are selling more and more grocery items online. This will increase as a lockdown in Maharashtra and potential similar actions in other states push demand for buying supplies online. Agencies In a report last year, Goldman Sachs predicted India’s ecommerce market will double to $99 billion by 2024 with groceries and fashion apparel leading the growth. As more ecommerce players jump on to the bandwagon of grocery reta...

Explore Now MUMBAI: Shares of most Future Group companies hit their 5 per cent lower circuit limits today after the Securities and Exchange Board of India (SEBI) banned the group’s chief executive officer, Kishore Biyani, from accessing the capital market for one year. In an order on Wednesday, SEBI said that its investigation found that Future Retail’s promoters including Biyani had traded the in the scrip while possessing undisclosed price sensitive information. Shares of Future Enterpris...

Singapore’s sovereign wealth fund GIC and Hong Kong’s logistics developer ESR Cayman on Tuesday said they have formed a $750-million (around Rs 5,500 crore) joint venture (JV) to develop and acquire industrial and logistics assets in the country. It will be an 80:20 partnership deal, focusing on Tier 1 and Tier 2 cities. The JV will be seeded with a 2.2 million sq ft build-to-core asset, located in close proximity to the large consumption hubs of Mumbai and Thane in Maharashtra. ESR was...