Future Group Current Affairs, GK & News

Why did CCI slap ₹200 crore fine on Amazon?

Recently, the Competition Commission of India (CCI) fined US e-commerce giant, Amazon with Rs 200 crore. Highlights CCI has also suspended the 2019 Amazon deal with Future Coupons, a unit of Future Retail Ltd. Amazon was fined for concealing facts while obtaining approval for this deal. What does CCI order say? According to CCI order, ..

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Future-Amazon Dispute: Future Group challenges Delhi HC order

The Future Group has challenged the Delhi high court order that banned the sale of its assets to Reliance Industries Ltd (RIL). The Delhi HC had banned the sale on objections retail giant Amazon. Background The high court put a hold on Future Group’s the ₹24,713-crore retail deal with the Mukesh Ambani led Reliance Industries The ..

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Reliance Industries to buy Big Bazaar

Indian multinational conglomerates Reliance Industries Ltd. which also own its subsidiary Reliance Retail Ventures Ltd. (RRVL), has recently announced the acquisition of the Future Group, on a slump sale basis, for a lump sum of ₹24,713 crores. Reliance Industries Dhirubhai Ambani and Champaklal Damani in collaboration founded a company in the name of Reliance Commercial ..

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Project SU.RE inaugurated by Smriti Irani

The Project SU.RE (Sustainable Resolution) is a joint project of CMAI (Clothing Manufacturers Association of India) of United Nations (UN) & IMG Reliance (International Management Group). It has been inaugurated by Union Minister for Textiles Smriti Zubin Irani during Lakme Fashion Winter/Festive 2019 in Mumbai, Maharashtra. The purpose of this project is to move towards ..

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