Trending

..so108mp10th10th12th115G11i11KM11r120W128gb12c12i12th14yearold15M1st200MP240w250k26yearold2gb2nd3300GB3gb3rd3yearold40B1U5601H413page4th5000mah56yearold5th6gb6yearold72yearold7th87minuteA24A78aadhaarAayogabdominalabdulAbramsabscondingabuseaccidentaccidentallyaccommodatedaccountAccountsaccusedacheachievedAcquireacquisitionactactedactionactivityactoractsadaniAdanisaddictadditionaladdressadministrationadministratorAdmitadmitsadmittedadoptedadvanceadvancedadvantageadviceadvisesadvisingaerialaffairAffairsaffectedaffordableafghanistanAfghansafternoonageagencyagentsAggressionaheadaidAIIMSAirairbassaircraftAirlineAirlinesairpodsairportairshipairspaceairtelAirwaysAIsAitelalabamaalcoholalenalertalertedaliveallegationAllegationsAllegedlyallegingallianceallowedallyalphaAlShabaabalternativeAlZawahiriamazingamazonambaniAmbassadorAmberAmericaAmericaChinaAmericanAmericansAmericasammunitionAmulanalystAnandand..and...USandroidAngelesangryAnlonannouncedannouncementannouncementsAnnouncesannoyedAnnuityanswerAntarcticaantonioantonyanymoreapologizedapologizesAppappearedappleApplesapplicationApplicationsapplyappointedappointmentappointmentsappointsappreciationapprovalapproveapprovedapprovesAprilArabArizonaarmArmedArmoredArmyArmysarnaultarrangementsarrestedarroganceartificialArvindashamedAshishAsiaAsianAsiasaskedassaultAssistanceassistantAsteroidAstrologyAtlantaAtlanticATMattackattackedAttacksattentionattitudeau520audioauditautoavertedAviationawardedawareAyyashB.ScbabybackfootBadbadlyBalakotballoonballoonsbanbandbangbangingBankbankingbankruptcybanksBar2.1DBbarackbarodaBasebasedbasesbasitBattabatteryBattlegameBayBBCBDSbeachbearbeastbeatBeatingbedroombeebefittingbeginningbeginsBeijingbelatedbelievedbelongbenefitbenefitsbengalurubernardbettingbeveragesBeverlybewareBharatBharatPeBharatvanshiBharOsBhartiBHIMBHIMUPIBholibhuttobidBidenBidensbidisbidsbigbiggestBiharBilalBilawalBillbillionbillionairesbillionsbinbitebivalentBJPBlackblacklistedblacklistsblacksblastblazingblewblinkenBlinkensblinkonblizzardbloodblowbluntlyBMWboardBoardsboatBobbodiesbodyboeingBolsonaroBoltonBolttbombBombaybombsbonebookbookingBoostedborderboultboxboyBoyfriendboysBPSCBradleybrainbrakesBrandBrandonbravoBrazilianBrazosbreakingbrideBrightbrightenbringbringingbritainbrokebrokenbrotherinlawbroughtbrutalityBSEBSEHbsnlBSSCbucketbudgetBudsBugbulletbullishBumperbuoyedbusbusesBusinessBusinessmenbuybuyingc31cabinetcablecalamitiesCaliforniacallcalledcallingcallscalmcameracamerascampaigncampusCanadaCancelcanceledcancellationsCancelscancercandidatesCapcapableCapitalCapitolcapturedcarcardcardscareercarriedcarrierscarryingcarscasecasescashbackcaughtcausedCautionCBSECCICDCceasefirecelebratedcelebratingcelebrationCelsiuscentcenterCentralcenturyCEOceremonycertificatechainchallengechanceChancellorchandrasekharchangechangedchangingChannelchannelschaoschargechargerchargeschargingchasingchatchatbotChatGPTChatGptschatschawlacheapcheapercheapestcheaplycheckChennaichichicagochiefchiefschildchildrenChinaChinasChineseChipchoosingchoseChristmasCHSLChugcigarettescircuitcitiesCitizenCityCivilclaimclaimingClaimsclapping..clarificationclassclassifiedCLATCLATscleanclearcliffclimateclimbedclintonClintonsclonecloseclosedclosesCNGcoastCocaCocaColaCocainecofoundercoinColacoldcollidedcollisionColombiacolorColoradocolorfitcoloroscolossalColumbiacomaCombatcomingcommandcommentcommissionercommitCommittedcommitteecommonCommunitycompaniescompanyCompaqcompetecompetitioncompletecomplexcompostconcerncondemnedconditionconferencingconfidenceconfidentialconfirmedconfirmsconfrontedCongressCongresswomanconnectedconnectionconnectivityconsecutiveConsortiumconspiracyConstablecontactcontentcontestcontinuecontinuescontroversiescontroversyconvenienceconvertconvertedconvictedCOOCookscoolcooperatingcooperationCopscopycopylessCoronaCoronavirusCorporatecorrectioncosmoscostCouncilcounselCounselingCountercounterpartCounterpointcountriesCountrycountrysCourtcovidCovid19crashcrashescrazycreatedcreatingcreditcreekCrestcrimecrisiscriticcriticalcrorecrorescrosscrossedcrudeCrueltycryingCSISCTETcuesCulturecurbedcurrentcurtaincustomerscutcute..CutscybercyclonecylindercylindersD.El.EddailyDairyDallasdamagedamageddamanidangerdangerousdangersdarkdarknessdatadateDatesheetdaughtersDavosdaydaysdeadDeadlineDeadlydealDealerdealsdealtdeathdeathsdebrisdebtdebutDecdecadeDecemberdecisionDeclarationdeclareddeclaresdecreasedecreaseddecreasingdedicationdeducteddefaultdefenseDefraudeddegreedegreesDelawaredelaydelayeddelaysdelhideliberatelyDelisteddelistingdeliverdelivereddeliveringDeliveryDelldemanddemandsdemocracyDemocratdemocraticDemocratsdeniesDepartmentdepartmentsdependsdeployeddepositdepositedDeputyDesDesidesignationDestinationdestroyed..DestructiondestructivedetaildetailsdetectdetectingdetectiondevastationDGCADhansuDialoguediamonddictatordidntdiedieddied..PoliceDiegodiesdieseldieselaircraftdifficultDigilockerdigitaldiplomaticdirectdirectsdisappeardisarmeddisasterdisastersdisastrousdiscloseddisclosurediscountdiscovereddiscoverydiscussdiscussesdisneydisplaydispleasuredissatisfieddistantdisturbancedisturbancesditchdiversdivestmentdivideddividenddoctordoctorsdocumentdocumentary..documentsDollardollarsdomesticdominantDominosDonalddontDoorstepdoubledoubledDovaldownloaddownsDragonDRDOdreadfuldreamdreamsdrinkdrinksDrivingDroneacharyadroppedDroppingdropsDroughtdrowned..drowningDrugsDubaidueduggaldwindlingdyingE13eagerearlyearthearthquakeEarthseaseseasiereasyeatecommerceeconomicEconomistEconomyedgeeditionEffectEfficacyeffortejectElectedelectionelectionsElectricelectricityElectronicElectronicselementEligibilityElinElistaelonELSST6500AUFBEmailembassyEmergencyemployeesEmploymentenableENCEncounterenergyengageengagedengineEngineerengineeringenjoyenteredenteringEnterprisesEntertainmentEntireentranceentryEnvyequityescapeeSimespionageEuropeEuropeanEveningeventevergreenevidenceexamexaminationExamsexceedexcitedExclusiveexdividendexecutedexemplaryexerciseexoplanetExpectexpectedexpelexpenditureexpensiveexperienceexpertexpertsexpiresexplainedExplainsexplosiveExportexpressedExstudentExtendedextremelyEyeeyedropeyesF16f21FAAfabFacebookFACTfactoriesfactsfailedfailureFakefallfallingfallsfalseFameFamiliarfamilyfanfancyFashionFastfastestfaultFBIfeaturefeaturesfebFebruaryFederalFeelingFeesfeetfellFertilizersfestfiefdomfiercefightfighterfightersFightingfilefiledfilingfinalFinancefinancialfindfindsfinefinedfinishFinlandfireFireBolttfiredFiringfirmfixedflagflightflightsflipkartfloodsfloodwatersFloridaflowingfluflushflyflyingfmcgfocusfoldfollowFoodForceFordforeForeignforeignersforgetformformsformulafortunesforumfossilfounderfourthFPIFPOfraudfreeFreefireFreezefriendfriendsfrontfrozenfuelfuelsfulfilledfullfullyFumiofunfundFundsfuriousfutureFY22FY24G20G53G73GaadigainedgalaxygallerygamegaminggasgasolinegatheredgautamgaveGCMMFGengeneralgeneralsgeneratedgenerationGermanyGermanysget..giftgiftsgirlgirlfriendgirlsGISgivegivingglobalgmpgodGoldGoldenGoldiamGoldieGoldSilverGoodGoodbyegoogleGooglesGovernmentgovernmentsgovtGPTGradegramsgrandgrantedgratuityGratuityPensiongrayGreatGreenGriefgroundgroundedgroupgroupsgrowthGSETGuajaratisGuardianshipguidelinesGuinnessgujaratGulfGungunmangunsgutGutaresguterresGutkaH1BhackersHafizhajooriHaleyHallhandhandedhandshappenhappenedhappeninghappyHaqqanihardHavaldarHavildarhavocHBSEheadsHealthheapshearheartHeartsHeatHeavyHelicopterhidehighhighestHikehikedhim..HimachalHindenburgHindenburgshindihindranceHinduHindustanhintshistoryhithitechhitshittinghoistedholdholdingHoliHolidayHolidaysHollywoodHomeHomegrownHomePodHomesfyHongKonghonoredhornshorseHospitalhospitalizedHothihotspothotstarhourhoursHouseHousesHSBCHSChubhugehumanHumanityhundredshungryHuntedHunterhusbandHyderabadhydrogenhydrogenpoweredhypocrisyi.eIBMIceicyIDBIideaidentityIDsIgnoresIITIlhanillegalIllinoisimageimagesImagineIMFimmediatelyImmigrationimpactimplementedimportantimpossibleimproveimprovedinadequateinbuiltincentiveinchIncidentincidentsIncludeincludingincomeincomingincreaseincreasedincreasingIndexIndiaindianIndianAmericanIndianAmericansIndianoriginIndiansIndiasindividualsIndoIndoPakIndusindustrialistsIndustriesindustryinfectionInfinixInfinixsinflationinformationInfosysinitiativeinjectioninjuredinnocentinnovationsinsolvencyinspectorInstagraminstantinstituteinsultinsuranceintelligenceintensityintentionintentionallyinterestinterestinginterfaceinterfereinterimInternationalinternetinterviewintroduceintroducedinvestinvestedinvestigateinvestigationInvestinginvestmentinvestorinvestorsinviteinvitediPhoneIPOIPTViqooIRCTCIRDAIirresponsibleirresponsiblyISISIsraelIsraeliISROissueissuedissuesIsuzuItelITRJaipalJaishankarJalanJamJanJanuaryJapanJapansJayJayapalJBLJEEJeffJerusalemJetjetsjioJiosJNUJNUEEjobJobsjoeJohnJohnsonjoinjoinedJonJongjournalistsjourneyjudgeJumbojumpjumpedjumpsk60kalpanaKalrockKambojKapilkarnatakakayakkayakskeivKevinkeyKFinKhanKhannaKharagpurkidskillkilledkillerkillingkillsKimkingknifekolkataKoranKoreaKoreanKovidkuoL4365LAClactatingLadenLaidlakelakhlakhsLandmarklandslideslanguageLankalaptoplaptopslargelargestlashedlatelatestlaunchlaunchedlauncheslaunchinglawyerlayLayoffsleadleaderleadershipleakleakedleakinglearnleaveleavesleavingledleftlegallenderLenovoLeopardletslettersletvlevellevyinglewinskyLIClifeLifestyleliftsLightninglightsLimitlimitedlinklinkedLinkedinlistlistedlistenListeninglistinglistslitelitrelivelivedlivesloanlocallockdownlockerLockingLodilonglongerlooseLootedLosloseLoseslosslosseslostLotsLouisianaLouisianasloveloversLPGluckLuckyLunchLutherm13MacBookMaeganMaharashtraMahindraMainMainsmajormakingMakkiMalaysiaMaliaMallmanmanagementmansmanufacturingmapMarchmarkMarkedmarketmarketsmarriageMartinMarylandmaskedMassMassiveMatricmatriculationmatterMaxmaximummayorMcCarthyMcLaughlinMDSmeasuremechanismMedalMediamediasmediatorymedicinemeetmeetingMeetingsmeetsMegaMehtaMelamemorymercantilemessagemessagingMetaMeteoritemethodmetroMexicoMichelleMickeyMicrosoftmiddlemikemilesmilitarymilkmillionmillionsmingminiMinibussizedminingministerMinistersminuteminutesmirrormiscreantsmissedMissesMissilesmissingmission..missionsMissourimistakemistakenlymistakesMKIIMobilemodemodelmodernModiModisMoinesmoistmomentmomentumMomsMoneyMonicamonitormonitoringmonthmonthlymonthsmoodmoonmopupmorningMoscowKyivMotherMotomotorolaMotorsMountainmovesMPCCMTSmukeshmultiMultibaggermulticapmultiplemumbaiMumbaikarsMurdermurdererMurthymusicMuskMusksmutedMutualNarayananarendraNarratednarrowlyNASANASAsnathanNationalNATOnaturalNavynclatNCLATsNCLTneckneckbandNedNEETnegativeNematneoNETnetanyahuNetflixNetflixsNetherlandsnetworthnewsNewsroomNFONiagaraNiftynightclubNikkiNilNirmalaNITNITInoisenominatednominatesnonmennonNATOnordnormalNorthNotenotesnoticenotificationNPCINPCILnpsNSANTAnuchlearnuclearnumberNursingoathObamaObamasobjectionoccupantsoceanoffcialofferOfferingoffersofficeOfficerofficersofficesofficialohiooilOlaOlafoldestOmaromicrononeplusonethirdoneyearongoingonlineopenopenedOpenlyoperatingOperationoppoopportunityOpposopposeorderorderedordersorganizationorganizationsoriginosamaoustedoutageOutlookoutperformedOutrageovernightovershadowedownedownerownershipoxygenP11PacificpactpadpaidpainpainfulpaisePAKpakistanPANPanagariyapandemicPanelpanicpantPaperparamedicalParksParliamentparticipatepartnershippartypasspassedpassengerspassespassionPasswordPasswordspathpatternPaypayerspayingpeacepeacekeeperspeakpebblepenaltypennyPensionPensionerPentagonpeoplepercentpercentileperformancepericepersonpetitionpetrolPetrolDieselPfizerPfizersPhantomphasesPhilippinesPhilipsphonephonesPhotosPhysicalPichaispicturespiecesPILpilepilotpinpinkpixelPizzaplaceplanplaneplansplantplayplayedplayingplaytimepleaplightplottingPNBPNBspocketPocketspocopointpointsPolandPolicePolicemanpolicyPoliticalpoliticianPolymersPolyPlastPompeoPompeospopulationPortportableportfolioPortonicsportronicsPosespositionpositionspossibilitypostPostalpostponedpostspowderPowerpowerfulPPFSukanyapracticalPramilapreprebookingpredictedpregnantPreliminaryPrelimspremiumprepaidpreparationspreparedpreparingpresentpresentedpresidentPresidentialpressurepressurespricepricesprideprimeprivatePrivatizationProprobeproblemproblemsprocessproductionproductsProfessionalprofitprogramprojectprojectedpromiseproPakistanpropertiesproposalProposeprosperityprotestprovideProvisionalptcPUBGpublicpulledpunchespunjabPurchasedpurchasingpushpushedPutinPutinsQaedaQuadquarterQueenquestionsQuietquoQWatchRacialracingRadarraidsRailwayRailwaysrainraiseraisedraisingRajRajasthanrajeevRajnishramrandomrangerapidlyRatanrateratesRazdanRBIRBLreachreachedreachesreactsreadreadyrealrealmeRealmesRealtyreasonrebellionrebuttalrecalledRecallsreceivingrecessionrechargereclassifiedrecommendationrecordrecordedrecordsrecoverrecoveredrecoveringrecoveryrecruitrecruitedRecruitmentredmireducereducedreducingReductionrefusesregisterregistrationregretsRehmanreinstatedrejectsrejigrelatedrelationrelationsrelationshiprelativereleasereleasedreliancereliefrelyremainRemarksremoveremovedRenorenominatesrentrepeatedrepliedreplyreportreportedReportsrepresentationrepresentativereprimandedRepublicRepublicansrequireRescuersResearchreservationReserveresidenceresidentsresignationResignsresolutionresolveresortrespondingrestraintrestrictionsresultretailRetrenchmentreturnreturnedreturningreturnsrevealedrevelationsrevelsrevenuereversereviewrevisedrewardRichRichardrichestridrightsrinatriserisesRishabhRishiroadroaredrobbedrobbersrobberyRobotrobustrockedrocksroilsRojgarrolerollrolledrolloutroomroseRPSCruchiraRuckusRuffpadruinRulerulesrunrunsrupeerupeesRushdieRussiarussianRussiasRussiaUkraineS23sadSadeSaeezssafeSahSAILsalarysalesalesSalmansalutesamsungSansanctionsSandhuSannataSashasatelliteSatisavesavedsavessavingsavingsSBISBIPNBSBIsscaleScamscandalscaredscheduleschemeschemesScholzschoolSchoolgirlscienceScientistScientistsscoldsScopescorecardScottsdaleScrewsSeasearch..searchedSearchesSEBIsecondssecretSecretarysecretssectorsecuredsecurityseekingsegmentselectionselfdefenseselfieselfiesselfreliantsellsellersellingsendsendingsensationSensexsensitivesentencesentencedseparateSeptemberseriesServeserverserviceservicessessionsetsettopseventhseveresexsexualShabaabShafikShafiqshakensharesharedshareholderssharessharingsheetShefalishelterSheriffsheriffsshineshipsshockshockedshookshootshootershootingshootingsshootsshopshortshortageshotshowshowedshownShrishriramShuttlesicksidesiegeSigachisightsightingSikhSilverSIMsimultaneouslysindsinghsinglesinkholesSirat..sisterinlaw..siteSitharamanSitharamanssittingSituationsixthskiesskyslabslabsslamsslashessleepslimslipssmallsmartsmartphonesmartphonessmartwatchsmartwatchesSMEsmellingSMLsmokelessSnapdragonSnowsoaredSoCSocialSodhisoggysolarsoldsoldierssolidaritysolutionSolutionsSomaliasonsongsongssosyosoughtSoundSoundbarSouthSouthwestsovereignspacespacecraftspamspareSparkspeakerSpeaksSpecialspecialtyspeechspeedspendspentSpiceSpiceJetspillspinningsplitspoiledspokespersonSportsspottedspreadspreadingspyspyingSriSSCstabbedstabilitystableStabsstagestakestakedstakesstandardstandingstarsstartstartedstartingstartsStartupStartupsstarvedstatestatementStatesstationstatusstaysteadystealingstepsstirstirredstockstocksstolenstomachStonestopstoppedstoppingstoragestoreStoresstoriesStormstorystrainstrandedstrayedstrengthenStressstrictstrikestrokestrongstronglystructurestrugglestrugglingstuckstudentstudentsstudysubmittedsubscribedsubscriptionsubvariantsubwaysuddenlysuffersufferingsuicideSukhusummitSunak..SundarsupersuperfastsuperpowerssupplysupportsupportedsupporterssupportsSupremeSuratsurfacedsurgedsurgesSurgicalsurroundedsurveillanceSurvive...SalmansurvivingSushmaSuspectsuspectedsuspendedSuspensionSUVsSwarajswathsSwedensystemTabtableTaiwanTalibanTalktalkstamilnadTankTankstaranjeettargettargetedtargetsTataTattootaunttaxtaxestaxpayersteachTeacherTechtechieTechnoTechnologiesTechnologytecnoTejasTejashwitelecomteleguTellertellstemperaturetempleTenTennesseeTensionTermterminationterritorialterritoryterrorterroristterroristsTeslatesttestingtexasThambbiThanedarTheftthemethievesthousandthousandsthreatthreatensTickticketticketsTiestightensTimtimetimelinetimesTimetabletipstobaccotodaytodaystoilettoiletstoldTomtomorrowtonightTooltoptop20TornadoTotaltouchtoughTowertowntr109tracktrackingtradetradingtraffictraintrainsTransactiontransactionstransfertransferredTransgendertranslatetransporttrappedtrapstraveltravelerstreasuretrendTrendingtricktriptroopstroubletrouble...TwitterTruckTrueTrumpTrumpstrustsTsayTsottmltumorTurboturkTurkeysTurkishturn..turnedturningturnstweettweetedtwintwinsTwitterTwittersTWSTypeCUcoUGCUIDAIUkarineUkraineUkrainesukrianeultraUmarUncontrollableunderstandunexpectedunheardunilateralUnionUniqueunitedunitsuniverseuniversitiesUniversityunleashesunlimitedUNMISSunpreparedUNSCupcomingupdateupdatedupdatesupdatingUPIupperuproarUPSCupsetUPTETuptourbanurgesusausbuserusersUSsv25V30VacancyvaccinevalidityvaluablesvaluesVandevariantvastVATvaultVedantavehiclevehiclesVermaveteranvictoryVideoviolatedviolenceviolentviralvirusVisavisasvisitvivoVivosvodafonevoicevolatilevolatilityvolkerwaitwaitingWalkWalkingwanderingWantedwarwargameWarmingwarnedwarningwarnswarshipsWashingtonwatchwatchingWaterWatsonwaveweakWealthweaponWeaponsWeatherweatherrelatedwebsiteWeddingweekweekendweeksweightwelfareWellnesswhatsappWhiteWidelywidenswifewifiwindowwinterwipeswiprowithdrawswivesWolfwomanwomenwordwordsworkworkingworldworldsworriedworryworryingWorstworthwoundedwreakwreakswrongx360X90XBBXBB.1.5xbb15xiaomiy35Y55syearyearsyerYorkyouthyouthsYoutubeyrsz40ZawahiriZeezelenskeyyZelenskyZhuZientsZincZomato
Tuesday Feb 07, 2023

Retail inflation | Retail inflation eases to 5.72 per cent in December, one-year low


Retail inflation eases to 5.72 per cent in December, one-year low

New Delhi. Retail inflation eased to a one-year low of 5.72 per cent in December 2022. According to the official data released on Thursday, this decrease was mainly due to softening in the prices of vegetables. With inflation based on the Consumer Price Index (CPI) remaining below 6 per cent for the second consecutive month, the Reserve Bank of India has got some leeway to hold off on an interest rate hike.

The central government has given the RBI a target of keeping inflation at 4 per cent (two per cent up or down). The retail inflation was 5.88 per cent in November, 2022 and 5.66 per cent in December, 2021. Retail inflation has been declining steadily since October. According to the data released by the National Statistical Office (NSO), inflation in food articles stood at 4.19 per cent in December, as against 4.67 per cent in the previous month. This figure was 4.05 percent in December 2021.

Retail inflation, after remaining above the Reserve Bank’s comfortable level of 6 per cent continuously since January 2022, came down to 5.88 per cent in November and 5.72 per cent in December. In the month under review, the price of vegetables decreased by more than 15 percent on an annual basis. In December 2022, fruits became costlier by two percent.

Similarly, the prices of ‘Oils & Fats’ and ‘Sugar & Confectionery’ also increased marginally. However, spices became costlier by around 20 per cent and cereals by around 14 per cent. The ‘Fuel and Light’ index rose nearly 11 per cent year-on-year in December.

With inflation remaining above the upper tolerable level of six per cent for three consecutive quarters from January 2021, the RBI had to submit a report to the central government. The next meeting of RBI’s Monetary Policy Committee (MPC), which decides on policy rates, is to be held on February 6-8. (agency)



Future Retail share wipes 99 percent investors money 1 lakh decrease 614 rupees – Business News India


read on the app

Stock crash: Friday was a very bad day for the stock market. The BSE Sensex closed down more than 450 points. At the same time, a share of Future Group saw a gain of more than 4%. This share belongs to Future Retail Ltd. On Friday, January 6, the scrip rose 4.11% to Rs 3.80 on the NSE. The stock has gained 18.75% in YTD this year. However, Future Retail’s stock has given a loss of 92.76% in the last one year.

Massive loss of 99%
Let us tell you that this share of Future Group has fallen continuously in the last year. This has caused huge losses to those shareholders who have maintained their investments till now. On April 27, 2018, this share was selling at Rs.618. Presently the share price is Rs.3.80. That is, in 4 years, this stock has caused a huge loss of 99%. According to this, any investor who would have invested Rs 1 lakh in this share four years ago, his one lakh has reduced to Rs 614 only at this time.

This company of Tata Group got huge profit, share of Rs 2537

Know what is the dispute?
This debt-ridden company has been in constant controversies for the last few years. Future Retail is in an ongoing dispute with Amazon and has not paid Rs 5,322.32 crore to its lenders, among other things. In March, the BoI claimed the assets of FRL through a public notice. Let us tell you that Future Retail, a flagship firm of Kishore Biyani-led Future Group, is now battling with the insolvency process filed by its lenders through the “National Company Law Tribunal”. The company’s top management includes Kishore Biyani, Rakesh Biyani, Rahul Garg, Ravindra Dhariwal, Gagan Singh and Jacob Mathew.

Resignation one after the other caused stir in the company, share fell 57% to ₹55, IPO came in 2021

In fact, in the year 2019, Amazon bought a 49% stake in Future Coupons, which is the holding company of Future Group, for Rs 1500 crore. Under this deal, Amazon also got the right to buy a stake in Future Retail within 3 to 10 years. But in 2020, Future Group announced the sale of its retail, wholesale and logistics business to Mukesh Ambani’s Reliance Retail for Rs 24,713 crore. After this, a dispute started between Amazon, Future Group and Reliance Retail.


 

mukesh ambani reliance retail fmcg arm forms jv with gujarat based sosyo hajoori beverages – Business News India


read on the app

Reliance Consumer Products Limited, the FMCG company of Mukesh Ambani’s Reliance Retail Ventures Limited (RRVL), has made the first major deal of the year 2023. Reliance Consumer will acquire 50% stake in 100-year-old company Sosyo Hajoori Beverages Pvt Ltd. In this way both the companies will have equal stake and in this Reliance Consumer will work as joint venture.

Company founded in 1923: Let us tell you that the company has its headquarters in Gujarat and it is in the soft drink business under the Sosyo brand. This company was established in 1923 and its promoter is Hazuri family. It was founded by Abbas Abdulrahim Hazuri. Headed by Abbas Hazuri and his son Aliasgar Hazuri, the company’s portfolio includes several beverage brands including Sosyo, Kashmira, Lemmy, Jinlim, Runner, Opener, Hazuri Soda and S’eau.

What did Isha Ambani say: Reliance Retail Executive Director Isha Ambani said that this investment will help us to empower and grow local heritage brands. We welcome the age-old Sosyo brands to our consumer brand portfolio.

Speaking on the joint venture with Reliance Consumer, Abbas Hazuri, Chairman, Sosyo Hazuri Beverages Pvt Ltd said, “We are delighted to enter into this partnership. The deal could help Sosyo rapidly expand its reach. With this JV, Reliance hopes to further strengthen its portfolio in the beverages segment after acquiring the iconic brand Campa.

Back to Top