Page 18 - Future Retail News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This application "has been filed pursuant to the findings in the report received from Nangia & Co. LLP, which was appointed as 'Transaction Review Auditor' by the RP," said a regulatory filing from Future Retail Ltd (FRL). The Transaction Review Auditor was to assist RP in his duties and the determination, wherein a transaction has been reported under Section 66 of the Code for adjudication by the NCLT.

Digital Platform GMV and Digital Platform Services Revenue growth accelerate to 7% and 10% year-over-year Strong supply growth of over 40% year-over-year on the Farfetch Marketplace Record...

The resolution professional of debt-ridden Future Retail Ltd has approached the National Company Law Tribunal, seeking a further extension till September 15 to complete the corporate insolvency resolution process. The RP has moved an application before the Mumbai bench of NCLT, to exclude a period of 29 days from CIRP of Future Retail.

The deadline for submission of resolution plans was May 15, 2023, for 48 companies, which were in the final list of 'Eligible Prospective Resolution Applicants'.

Retailers are rapidly adopting automation to combat the challenges faced in the retail sector due to changing consumer behavior and demand for prompt service. Automation tools, such as robotic process automation (RPA), chatbots, and personalized emails, are driving efficiency and improving customer experience in the retail industry. Streamlined processes and elimination of manual labor support retailers in making strategic objectives and value-added decisions.