The expiry of derivative contracts of the July series tomorrow may keep today's session volatile
Reliance's existing retail operation already runs close to 12,000 stores, including a cash-and-carry wholesale business, in over 6,700 Indian towns and cities
Company ranks among top 100 global retailers
The Future group holds 51 per cent in the general insurance business, while the rest is owned by Italy's Generali group.
According to the report, Reliance Industries is closing in on a deal that would see it acquire stakes in some units of Future Group.
The SGX Nifty is indicating an open at around 10,030 levels for the Nifty amid mixed global cues
An agreement between Ambani's Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month
Future Supply Chain Solutions (FSC) is a third-party supply chain and logistics service provider that offers warehousing facilities also.
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The move came after Future group firms defaulted on loans taken against the pledged shares of Future Retail in March, which also impacted its share price
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Despite government effort, food companies, retailers continue to depend mainly on mandis for procurement
The regulator's directive comes after at least three companies -Indiabulls, Edelweiss, and Future Group - sought court action in such matters, amid the Covid-19 disruption
Future Group sees its biggest crisis after raising high-cost loans from PEs and pledging shares
The total market capitalisation of the group's listed firms fell to Rs 10,740 crore from Rs 42,000 crore reported a year ago
Furthermore, despite monetisation of investments across various group entities, the total group debt has increased as of December 31, 2019, as against March 31, 2019, ICRA said in a statement
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Referring to rumours that have been doing rounds and, specifically, one WhatsApp message portraying names of lenders and debt numbers for Future Group, Biyani said it is impacting its listed entities
Retail-led brands, say experts, are increasingly acquiring an identity of their own, goading some players such as the Future group to have a widespread distribution strategy