Amazon favors Future Retail by selling a stake to Premji Invest and not Reliance Industries Ltd (RIL), as a 2019 deal listed Mukesh Ambani among the 30 entities to which shares could not be sold as part of a clause of non-competition. Although the deal was later signed with Future …
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Speaking at a retail convention, Kishore Biyani said the worst is yet to come for retailers. Future Group founder Kishore Biyani said on Wednesday that the local retail company lost nearly 7 billion rupees in revenue in the first three to four months of the COVID-19 pandemic due to store …
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Here is a list of the top ten stocks that may appear in the news on Wednesday: Wipro: The company expects its IT services revenue to grow up to 3.5% sequentially in the December quarter. The board of directors approved the repurchase of up to 4.16% of the company’s shares …
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“We have initiated steps to enforce our contractual rights,” said a spokesman for the Seattle-based e-commerce giant. “As the matter is under trial, we cannot provide details.” Last year, Amazon bought a 49% stake in one of Future’s unlisted companies, Future Coupons Ltd, with the right to buy into the …
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Kishore Biyani, popularly known as KB among his peers and regarded as the pioneer of modern retail in India bringing convenience shopping to the masses, is finally bowing to the winds of change blowing through the sector, giving control of what it nurtured for more than three decades. to Reliance …
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