Future Group

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Future Group - Total results - 80
GIC and TPG pick up stake in Mukesh Ambani's Reliance Retail; to invest combined Rs 7,350 cr
Business

GIC and TPG pick up stake in Mukesh Ambani's Reliance Retail; to invest combined Rs 7,350 cr

The investments value Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. In less than three days, Reliance Industries has entered into five deals to sell stake in RRVL

Reliance Industries' retail arm RRVL to acquire Future Group businesses for Rs 24,713 cr
Business

Reliance Industries' retail arm RRVL to acquire Future Group businesses for Rs 24,713 cr

The Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd will acquire the retail, wholesale, logistics and warehousing businesses of the Future Group on a slump sale basis

Shares of Future group companies zoom after CCI gives nod to Amazon-Future Coupon deal
Business

Shares of Future group companies zoom after CCI gives nod to Amazon-Future Coupon deal

Future Retail surged nearly 18.22 percent to Rs 387.90. After shedding some gains, it was trading 13.61 percent up at Rs 372.75.

Blackstone invests Rs 1,750 cr in Future group; to bring global perspectives to take us to next level, says Kishor Biyani
Business

Blackstone invests Rs 1,750 cr in Future group; to bring global perspectives to take us to next level, says Kishor Biyani

Leading global investment firm Blackstone has invested Rs 1,750 crore in Kishore Biyani led Future group firm Future Lifestyle Fashions Ltd (FLFL)

Competition Commission of India questions Amazon's bid to buy stake in Future Retail
News & Analysis

Competition Commission of India questions Amazon's bid to buy stake in Future Retail

The CCI sought justification from Amazon which could potentially delay approval of the deal.

Amazon deal to help payments side more, says Future Group founder Kishore Biyani
Business

Amazon deal to help payments side more, says Future Group founder Kishore Biyani

Future Group founder Kishore Biyani has said global e-commerce giant Amazon's investment in the firm is not just to raise money but also to become a part of the ecosystem

Amazon in advanced talks to buy 8-10% stake in Kishore Biyani-led Future Retail; deal expected to close in next few weeks
Business

Amazon in advanced talks to buy 8-10% stake in Kishore Biyani-led Future Retail; deal expected to close in next few weeks

American e-commerce giant Amazon is in an advanced stage of discussions with Future Retail Ltd for picking up 8-10 percent stake in the Indian retail chain, according to sources

Future Group starts listing brands, products on Amazon; US e-commerce major may buy stake in Future Coupons
Business

Future Group starts listing brands, products on Amazon; US e-commerce major may buy stake in Future Coupons

Future Group’s Big Bazaar will be one of the preferred sellers on Amazon Now. Amazon is also in talks to buy a stake in Future Coupons, a firm owned by Biyani

Diversifying Future Group in too many categories was a mistake, says founder and CEO Kishore Biyani
Business

Diversifying Future Group in too many categories was a mistake, says founder and CEO Kishore Biyani

Having diversified into many categories over the years with limited success in some of them, Future Group founder and CEO Kishore Biyani on Tuesday said it was a mistake and the company will now restrict itself to food, fashion and home furnishings verticals

Amazon's plan to foray into retail food sector may be scuttled by govt's tightening of e-commerce rules
Business

Amazon's plan to foray into retail food sector may be scuttled by govt's tightening of e-commerce rules

In 2018, Amazon had proposed $500 million investment in retailing of food products in India.

New e-commerce policy aids smaller players by breaking unholy nexus between marketplace and affiliate sellers
Business

New e-commerce policy aids smaller players by breaking unholy nexus between marketplace and affiliate sellers

The domestic lobby has succeeded in convincing the government that friendliness towards FDI in e-commerce should not hamper healthy competition

Amazon in advance stage to buy 9.5% stake in Kishore Biyani-led Future Retail; deal estimated to be around Rs 2,000 cr
Business

Amazon in advance stage to buy 9.5% stake in Kishore Biyani-led Future Retail; deal estimated to be around Rs 2,000 cr

The agreement could also include Amazon buying out Biyani and promoter group's entire holding in Future Retail subject to applicable regulations in India.

Amazon to buy 9.5% stake in Kishore Biyani's Future Retail for Rs 2,500 crore, deal to be announced on 14 November
Business

Amazon to buy 9.5% stake in Kishore Biyani's Future Retail for Rs 2,500 crore, deal to be announced on 14 November

The deal will give Amazon access to nearly a third of India’s organised food and grocery market through the Big Bazaar and Nilgiris supermarket chains

Amazon, Samara-owned Witzig Advisory to acquire Aditya Birla Retail's 'More' chain of stores
Business

Amazon, Samara-owned Witzig Advisory to acquire Aditya Birla Retail's 'More' chain of stores

Amazon’s latest acquisition adds more heat to the US e-commerce giant’s battle with Walmart Inc in the Indian market, after Walmart acquired Indian firm Flipkart for $16 billion earlier this year.

Amazon, Alibaba are shopping in India to up the ante in the groceries battleground; target brick-and-mortar retailers
Business

Amazon, Alibaba are shopping in India to up the ante in the groceries battleground; target brick-and-mortar retailers

India’s overall retail market is pegged at Rs 47 lakh crore and modern retail and e-commerce together make up just about four percent of that pie.

Kishore Biyani's Future Retail gains on reports tech giants Google, Amazon could invest in flagship
Business

Kishore Biyani's Future Retail gains on reports tech giants Google, Amazon could invest in flagship

Future Retail Ltd’s shares jumped some 6.2 percent on Monday, their biggest intra-day percentage gain since 25 May, 2018.

Italy's Generali Group to raise its stake in Indian insurance joint ventures to 49%
Business

Italy's Generali Group to raise its stake in Indian insurance joint ventures to 49%

Italy's Generali Group will raise its stake in Indian insurance joint ventures -- Future Generali India Life Insurance Company and Future Generali India Insurance Company -- to 49 percent from 25.5 percent at present

Future Group eyeing Rs 40,000 cr retail business in 2018-19 : CEO Kishore Biyani
Business

Future Group eyeing Rs 40,000 cr retail business in 2018-19 : CEO Kishore Biyani

"We are looking at retail business of Rs 40,000 crore by next year; out of which Hyderabad will contribute Rs 4,000 crore," Future Group CEO Kishore Biyani said

Future Group in talks to buy e-commerce platform Snapdeal's logistics arm Vulcan Express
News & Analysis

Future Group in talks to buy e-commerce platform Snapdeal's logistics arm Vulcan Express

If the deal goes through, it will help Snapdeal which is looking to shed its non-core assets in a bid to survive in the hyper-competitive e-commerce market.

Kishore Biyani sees a Rs 1.5 lakh cr opportunity with Easyday by 2022, eyes $1 tln revenue by 2047
Business

Kishore Biyani sees a Rs 1.5 lakh cr opportunity with Easyday by 2022, eyes $1 tln revenue by 2047

The Future group will have 1,100 Easyday stores by the end of the current fiscal and 10,000 by 2022, Kishore Biyani said