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Chinese brands set to grab auto show limelight

Kolkata: Chinese auto companies are set to make a splash at the India Auto Expo, the flagship industry event held in Delhi every alternate year. A key European car maker will also make a comeback at this edition of the motor show. But American and Japanese firms that have for decades defined the automobile sector across continents will be conspicuous by ... Read More »

Future Group fires 400 employees to scale down e-comm venture

Mass layoffs in India are no longer limited to only the information technology and automobile sectors, as witnessed last year. In the past couple of months, Indian companies and startups have been shedding jobs to balance their mounting financial stress. The massive layoffs are happening across segments, and this time the new-age startups are in the lead. And the list ... Read More »

Future gains prompt traders to hold cardamom stock

With cardamom arrivals continuing to remain  robust, there are reports of stock being held back in anticipation of future gains. Traders raised the suspicion that other than farmers, stockists, speculators, commodity brokers as well as a few traders are holding stock expecting better prices in the lean months of January, February and March. This is one reason for the heavy ... Read More »

Future Retail to raise up to $500 million through dollar bonds

Mumbai: Kishore Biyani’s Future Retail Ltd on Saturday said that its board has approved a fundraising plan to raise up to $500 million through dollar denominated bonds, the company said in a filing with stock exchanges. “Further to the decision taken in the Board meeting held on 12th October, 2019, the Board has reconsidered the various funding options for the acquisition of the ... Read More »

Is It Okay To Buy A Used Car From A Rental Company?

As Jalopnik’s resident car buying expert and professional car shopper, I get emails. Lots of emails. I’ve decided to pick a few questions and try to help out. This week we are talking about used rental cars, non-transferable warranties, and the best time of year to buy used. Is it risky to buy a car from a rental company like ... Read More »

Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions

New Delhi: The Competition Commission on Tuesday said it has approved Nippon Express’ acquisition of 22 per cent stake in Future Group’s logistics arm Future Supply Chain SolutionsNSE -0.82 % Ltd. Future Supply Chain Solutions in September said that Japan-based Nippon Express Co will acquire 22 per cent stake through a combination of primary issuance and secondary purchase from an existing investor. The Competition Commission of ... Read More »

Kishore Biyani-led Future Consumer to take its brands to the bigger bazaar

NEW DELHI: Kishore Biyani-led Future Group company Future ConsumerNSE -2.92 % is set to take its portfolio of over two dozen personal care, snack and homecare products to general stores across the country, competing with consumer goods giants Hindustan UnileverNSE -0.56 %, Reckitt Benckiser and PepsiCo amid slowing consumption in India. “So far, we have been distributing only a few of our own brands in general trade ... Read More »

Used-car marketplace Vroom nabs $254M to take its growth up a gear

There have been a lot of bumps in the road for startups building used-car marketplaces, but now one of the longer-standing of them has closed a major round of funding — a clear sign of the mileage left in this category. Vroom has raised $254 million, a Series H that it plans to use to keep scaling the business, and specifically also ... Read More »

Jack Dorsey’s ‘Future Defining’ Plan To Bring Bitcoin To 1.2 Billion People

Bitcoin and cryptocurrency has struggled to find its place in the developed world— where payments are easy, corruption is (relatively) low and infrastructure is in place. The bitcoin price has, however, climbed this year, largely due to interest in bitcoin and crypto from technology giants including Jack Dorsey’s social network Twitter and iPhone-maker Apple. Now, Dorsey, the chief executive of both payments ... Read More »

Tesla to build new car factory near Berlin – up to 10.000 new jobs

Elon Musk, founder and CEO of Tesla, one of the world’s best-known producers of electric cars, has announced that the company’s new factory for the European market will be built in Germany. New Tesla factory will be near Berlin-Brandenburg airport Speaking during a ceremony at the Golden Steering Wheel awards in Berlin, Musk announced that the company’s new car and battery factory ... Read More »