The re-designation is based on the recommendations of the nomination and remuneration committee, the company said.
Amazon is also pushing its Amazon Now app aggressively to its Prime members, for which it has enlisted Big Bazaar as its delivery partner
Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group
Business Standard brings you top events that are lined up for Friday
Biyani explained that physical retailers will need digital, while digital will need physical presence because of the costs related to acquiring customer and fulfilling orders
On the cards is a tie-up in online payments, something the two companies have been contemplating as part of the second phase of their partnership
Proceeds from the offering will be utilised to purchase store assets from Future Enterprises Ltd
The development comes after Amazon had agreed to buy 49% stake in Future Coupons Ltd
At present, Big Bazaar fulfills 300 to 1,000 orders per day per store for Amazon
Experts say the emphasis on eating out at 7-Eleven in India is linked in part to curbs on foreign direct investment in multi-brand retail in the country
We have to become a cost leader in whatever we do. And derive more from less, says Kishore Biyani
The fund would be utilised to "retire/pre-retire" all existing financial obligations of Ryka
The company had reported a net profit of Rs 177.37 crore in July-September quarter a year-ago
Kishore Biyani-led group has said that the present partnership is for distribution of Dole's packaged food in India; local manufacturing will follow
Same-store sales growth down to 2-7% in Q1, lower than 3-9% reported in Q4
FMCG product sales in the rural market in this quarter grew by a meagre 5.9%
Future Enterprises said this fund raising plan is subject to approval by the members of the company
The company has entered into a strategic partnership with Scootsy, a hyper-local delivery platform
Future Retail is part of Future Group founded by Kishore Biyani, who is also the Group's chief executive officer
This comes as Biyani charts out an aggressive future for the company, predicated on a series of launches, brand tie-ups