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news24fr · 1 year

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Kishore Biyani a quitté le conseil d'administration suspendu de Future Retail et a démissionné de ses fonctions de président et directeur de la société, qui fait actuellement l'objet d'une procédure d'insolvabilité devant le NCLT. Dans ses adieux émouvants, Kishore Biyani, qui était associé à Future Retail Ltd (FRL) depuis 2007 lors de sa constitution, a déclaré qu'il était confronté au CIRP (Corporate Insolvency Resolution Process) en raison "d'une situation commerciale malheureuse". "Alors que l'entreprise a toujours été ma passion et que j'ai fait tout ce qui était en mon pouvoir pour sa croissance, je dois accepter la réalité et passer à autre chose", a déclaré Kishore Biyani dans sa lettre de démission au professionnel de la résolution de l'entreprise. La lettre, dont une copie a été partagée avec les bourses, indiquait: "Si je comprends bien, j'ai effectué toutes les démarches nécessaires dans le cadre de mes capacités pour que vous preniez en charge l'intégralité du contrôle de la société et de ses actifs et j'ai également effectué la remise de toutes les informations et données, qui étaient disponibles avec la direction précédente ou qui pouvaient être récupérées auprès d'anciens employés ou de tiers et ont partagé avec vous toutes les informations sur l'entreprise et les opérations et les divers obstacles rencontrés par la direction précédente. FRL, dans un dossier réglementaire, a informé que Kishore Biyani a "présenté une lettre de démission du poste de" président exécutif et directeur "de la société. Sa démission "sera déposée devant le comité des créanciers, conformément à la loi sur l'insolvabilité and Bankruptcy Code, 2016 », a ajouté la société. Le professionnel de la résolution de Future Retail Ltd (FRL) a reçu une notification par e-mail le 24 janvier 2023. Kishore Biyani, qui était également connu comme un tsar du commerce de détail en Inde, est connu comme le pionnier du commerce de détail moderne en Inde, qui a adopté le format moderne de brique et de mortier parmi les masses. FRL exploitait plusieurs formats de vente au détail dans les segments des supermarchés hypermarchés et de la maison sous des marques telles que Big Bazaar, Easyday, Foodhall. À son apogée, FRL exploitait plus de 1 500 points de vente dans près de 430 villes. Kishore Biyani (61 ans) a également assuré coopérer avec les prêteurs. "Inutile de dire que malgré ma démission, je serais disponible pour toute aide possible, ce que je peux faire avec mes ressources limitées et ma capacité à résoudre tout problème lié à l'entreprise", a-t-il déclaré. FRL a été entraîné dans une procédure d'insolvabilité par son prêteur Bank of India après avoir fait défaut sur ses prêts. Le banc de Mumbai du Tribunal national du droit des sociétés avait ordonné en juillet 2022 d'ouvrir l'insolvabilité contre FRL. Il faisait partie des 19 sociétés du groupe Future opérant dans les segments de la vente au détail, de la vente en gros, de la logistique et de l'entreposage, qui devaient être transférées à Reliance Retail dans le cadre d'un accord de Rs 24 713 crore annoncé en août 2020. Cependant, les prêteurs avaient rejeté le rachat des 19 sociétés du groupe Future, dont FRL, par Reliance dans le cadre d'une contestation judiciaire d'Amazon. Pas moins de 13 sociétés, dont Reliance Retail, la JV April Moon Retail du groupe Adani et 11 autres sociétés, figurent sur la liste finale des soumissionnaires potentiels pour l'acquisition de FRL. L'année dernière, en août, le régulateur boursier Sebi avait ordonné un audit judiciaire des comptes du FRL pour les exercices 2019-20, 2020-21 et 2021-22. Le Securities and Exchange Board of India (Sebi) a également demandé un audit des transactions entre parties liées (RPT) de FRL avec trois autres sociétés du groupe Future – Future Enterprises Ltd, Future Consumer Ltd et Future Supply Chain Solutions Ltd. RPT fait référence à un accord ou à un arrangement conclu entre deux parties liées l'une à l'autre en ayant une relation commerciale préexistante ou un intérêt commun.

(À l'exception du titre, cette histoire n'a pas été éditée par le personnel de NDTV et est publiée à partir d'un flux syndiqué.)

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bloggersnation · 1 year

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How late is the closest grocery store open?

Want something to eat late at night? And have no idea what time the nearest grocery store closes. Then you should read this article.

Do you want to go grocery shopping late at night but don’t know how late the closest store is open? This is something that almost everyone goes through. People don’t always know what stores are open and when they close.

More than half of Indians don’t know How Late is the Closest Grocery Store Open 24 Hours Today in India, says the report. When you’re hungry and there’s no store nearby, it can be hard.

If you live in a small town, it’s likely that the last grocery store will be open until 10 p.m., and most shops will also be open until that time. But if you are in a big city, the Closest Grocery Store is open until 11 p.m.

Allow me to help you. Here are some of the closest grocery stores that you can go to if you get hungry late at night;

Target cities:

Bangalore

Gurgaon

Noida

Mumbai

When does the last grocery store in Bangalore close?

Bangalore’s nightlife is well-known. This makes sure that you will have a lot of options for shopping late at night. Let’s look at some of Bangalore’s most popular grocery stores;

1. Bigmarket

Location: Near Laxshmi Convention Hall, on Sarjapur Main Road in Attibelle, Bengaluru

10 to 10:30 pm, that’s how late the closest grocery store is open.

Timings — 8 am-10 pm

There are 17 stores in the city. The phone number is 08–02664–7790.

The Big Market in Bangalore first opened in 1954. Since then, the business has grown a lot, and in 1994, it moved into the modern supermarket business. The best things about these stores are that they are in high-traffic areas and have a wide range of goods from both domestic and international markets.

2. Big Bazaar Location- Bharat Mall, Bejai, Mangalore — 575004, Opposite Ksrtc Bus Stand, Bengaluru

What time does the closest grocery store close? Between 9:30 and 10:00 pm.

Timings — 10:00 am — 9:30 pm

There are 12 stores in the city. The phone number is 0824–4273181.

In 2001, Kishore Biyani, the founder and CEO of the Future Group, which Big Bazaar is a part of, made Big Bazaar.

The former captain of the Indian cricket team, Mahendra Singh Dhoni, has helped Big Bazaar’s fashion section in the past.

In India, Big Bazaar is a chain of supermarkets, discount department stores, and hypermarkets. Kishore Biyani has taken Big Bazaar to new heights. He does this through his parent company, Future Group, which is well-known in the Indian retail and fashion industries.

3. №36/1, Varthur Main Road, Whitefield, Bangalore, is where D-mart is.

10 p.m. is the latest that the closest grocery store is open.

Timings- 10:00 am — 10:00 pm

There are 22 stores in the city. Call 022 68502300.

The Indian family’s needs were growing, so Mr. Radhakishan Damani and his family started DMart. Since 2002, when it opened its first store in Powai, DMart has become well-known in 294 places all over India.

The company that owns and runs the DMart supermarket chain is Avenue Supermarts Ltd. (ASL). The corporate headquarters of the company are in Mumbai.

DMart is a one-stop supermarket business that wants to offer customers a wide range of essential personal and home goods under one roof. Each DMart has a wide range of low-cost items for the home, such as clothes, cookware, bed and bath linens, food, cosmetics, toiletries, and more.

4. Cash and Carry Metro

Location: ITPL Main Road, near Phoenix Market City, Mahadevapura, Bengaluru

How late does the nearest grocery store stay open? Until 10 p.m.

Timings — 6 am — 10 pm

There are 17 stores in the city.

Phone- 1860–266–2010

How late does the last Gurgaon grocery store stay open?

Gurgaon is a pretty laid-back city with a lot of residential and industrial areas. It also has some of the best grocery stores.

Here are some of the best shopping spots in Gurgaon.

1. Big Bazaar Location- Bharat Mall, Bejai, Mangalore -Sahara Mall, Main Mehrauli Gurgaon Road, Gurgaon Sector 28, Gurgaon

How late is the grocery store near me open? 10:30 pm

Timings — 10:30 am — 10:30 pm

Four stores are in the city. The phone number is 0124 4008888.

Kishore Biyani, who is the CEO of the Future Group, started Big Bazaar in 2001.

Mahendra Singh Dhoni, a former captain of the Indian cricket team, has helped Big Bazaar’s fashion department in the past.

Big Bazaar is a chain of grocery stores, discount department stores, and hypermarkets in India. Kishore Biyani has made Big Bazaar a part of his parent company, Future Group, which is well-known in the Indian retail and fashion industries for its important role.

2. Delhi Road, Gurgaon Sector 14, Gurgaon is where Vishal Mega Mart is.

How late does the nearest grocery store stay open? Until 9 p.m.

Timings — 8:00 am — 9:00 pm

Four stores are in the city. The phone number is 9312004709.

Vishal Mega Mart is one of the best fashion-focused hypermarkets in India. It has more than 400 stores all over the country. Vishal Mega Mart wants all of its customers to be able to buy products, so it has a wide range of the latest styles, everyday items, and groceries.

3. Le Marche is in Dlf City Phase 4, Gurgaon, India, 122002, near Dlf City Club in the Galleria Market.

How late does the nearest grocery store stay open? Until 9 p.m.

Timings — 10:30 am — 9:00 pm

Three stores are in the city. The phone number is 9971799950.

It was first thought of in 2005, and its clients buy products at all price points. But it mostly serves a high-end, specialised gourmet retail industry that caters to urban, well-traveled Indians who like to try new kinds of food from around the world. He understands how things work.

Over the years, the company has become a customer favourite because of its low prices and wide range of goods.

Le Marche is a full-service grocery store with a wide range of products, from everyday necessities like staples and spices to unusual items from all over the world.

It also has a “butchery” with fresh meats and seafood, tasty cold cuts, and items marinated by the chef.

The wide range of gourmet foods from around the world, beverages, ice creams, dairy, specialty oils, confectionery, bakery, home & personal care, and more, as well as the different live sections and hand-crafted recipes chosen by Le Marche’s in-house chefs, go well with the way the store is set up and sold.

4. Easyday club

Dayal Mkt, Shivpuri, Sector 7, Gurugram, Shivpuri, Gurgaon

How late does the nearest grocery store stay open? Until 10 p.m.

Timings — 7:00 am — 10:00 pm

There are 5 shops in the city. The phone number is 9971799950.

Easyday Club is a redesigned grocery and food store for the community. It is supported by the community and gives its members a modern, personalised, and Indian shopping experience. Easyday, Nilgiris, and Heritage can reach customers in every neighbourhood because they have more than 800 grocery stores spread out over 117 cities and towns in the United States.

How late does the grocery store near Noida stay open?

Noida is a place where families tend to live, and it has some of the best schools in the Delhi NCR area. Noida is a planned city in the northern Indian state of Uttar Pradesh, which is home to the famous Oakla bird sanctuary. Here, there are grocery stores that are open 24 hours a day, 7 days a week.

1. RK Service Station, Indian Oil Petrol Pump Noida is where 24SEVEN is.

How late does the nearest grocery store stay open?

There are 10 stores in the city, and they are open 24 hours a day.

No matter what time of day or night it is, 24Seven has everything a customer could want. On the shelves, customers can find the best international brands of groceries, snacks, a wide range of beverages, and personal care products. The shop also sells ready-made meals that are made in a central kitchen on site.

2. Metro Station Road, Noida Sector 78, Noida, is where Vishal Mega mart is.

How late does the nearest grocery store stay open? Until 9 p.m.

Timings — 10:00 am — 9:00 pm

There are 5 shops in the city. The phone number is 9312004709.

Vishal Mega Mart is one of India’s best hypermarkets for fashion. It has more than 400 locations all over the country. Vishal Mega Mart wants all of its customers to be able to buy products, so it has a wide range of the latest fashions, everyday items, and groceries.

Over the years, the company has become a customer favourite because of its low prices and wide range of goods. Even though the store doesn’t stay open late, it has some of the best products at prices that are hard to beat.

3. Big Bazaar \sLocation- The Grand Venice Mall, Shop No-3, Greater Noida, Noida

How late does the nearest grocery store stay open? Until 10 p.m.

Timings — 10:00 am — 10:00 pm

Number of stores in city — 4 \sPhone — 0120 4755901

Kishore Biyani, who is the CEO of the Future Group, started Big Bazaar in 2001.

Mahendra Singh Dhoni, a former captain of the Indian cricket team, has helped Big Bazaar’s fashion department in the past.

How late is the closest grocery store open in Mumbai

Mumbai, also known as Bombay, is a populous city on India’s west coast.

With a population of over 2.3 crores (23 million), Mumbai is the hub of the Mumbai Metropolitan Region, the world’s sixth most populated metropolitan area. As a result, Mumbai has one of the greatest collections of food stores.

Here are some of the best grocery stores for you in Mumbai.

1. Reliance Fresh \sLocation -Tower No 6, Reliance Retail, Sion, Mumbai

10 p.m. is the latest that the closest grocery store is open.

Timings -7:00 am — 10:00 pm

Number of stores in city — 42

Phone — 022 24053578

With the debut of its first Reliance Fresh location in 2006, Reliance Retail officially began its adventure. Currently, Reliance Retail runs more than 2,700 grocery stores and sells around 200 metric tonnes of fruits daily and 300 metric tonnes of vegetables.

The store meets all of the needs of its customers and is particularly renowned for its fresh goods like fruits and vegetables. It also carries dairy, cereals, spices, processed foods and beverages, home and personal care products, and other items. These goods are reasonably priced and have made Reliance Fresh one of Mumbai’s most well-known stores.

2. Meelas by Gbappa

Location -Viento 14, Lakeshore Greens, Taloja By-Pass Road, Khoni, Thane, Mumbai

How late is the closest grocery store open — 11 pm

Timings — 7:00 am — 11:00 pm

Number of stores in city — 1 \sPhone — 07947344489

The staff at Gbappa is dedicated to providing customers with high-quality goods that are reasonably priced, hygienically packaged, and delivered to their doorstep.

Due to its reputation among locals, this Thane shop has become one of the most well-known. The shop is open until 11 pm and has an outstanding selection of goods, making it a nice option for late-night appetites.

3. D-mart

Location- Manpada Road, Bhopar, Thane (also all-over Mumbai) (also all-over Mumbai)

10 p.m. is the latest that the closest grocery store is open.

Timings- 8:00 am — 11:00 pm

Number of stores in city- 19 \sPhone- 022 68120900

Mr. Radhakishan Damani and his family established DMart to accommodate the growing needs of Indian families. Since opening its first branch in Powai in 2002, DMart’s reputation has spread to 294 sites across India.

The DMart supermarket chain is owned and run by Avenue Supermarts Ltd. (ASL) (ASL). The company’s corporate headquarters are located in Mumbai.

DMart is a one-stop supermarket that aims to offer customers a wide range of necessary personal and home goods under one roof. Every DMart store has a large assortment of reasonably priced household essentials, including clothes, cookware, bed and bath linens, food, cosmetics, and other items.

Steps to check how late is the closest grocery store open:

Google Maps on your Android or iOS device is the most reliable and efficient method for determining how late is the closest grocery store open.

Allow Google Maps to pinpoint your exact location.

Type local grocery store or enter in the Search Bar. Enter or click on search to open.

Once you’ve discovered How Late Is The Closest Grocery Store Open, or Nearby Grocery Store, select the closest store.

You will be given the address as well as the option to navigate. Then, follow the arrow to the correct address for the grocery store, where you may purchase or order the items.

Conclusion

I hope the answer to the most frequently asked question — “how late is the closest grocery store open?” — is delivered and that you now have a general understanding of your surroundings.

These grocery stores are essential all the same; for your late-night cravings or emergencies, these are the perfect stores. Most of these stores offer home delivery which should be ideal for any situation that needs you to remain at home.

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failurebeforesuccess · 2 years

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Kishore Biyani |Success story of "India's Modern Retail King"

Kishore Biyani |Success story of “India’s Modern Retail King”

Retail business tycoon Kishore Biyani is one of the successful Indian entrepreneurs who triggered the concept of retail supermarkets. The success of the story of Biyani started with the tiny stall, then expanded online, building an omnichannel retail business. He was quick at conceptualizing the ideas, and his story detects the success of those ideas off the ground. Kishore is the founder of…

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hariharan5901 · 2 years

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Kishore Biyani-Led Future Group Firm Defaults For The Fourth Time In June

Future Enterprises defaults on Rs 4.10 crore interest payment for NCDs New Delhi: Debt-ridden Future Enterprises Ltd (FEL) has defaulted on interest payment of Rs 4.10 crore for its non-convertible debentures. The due date for payment was June 24, 2022, FEL said in a regulatory filing. “The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was…

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shlipayadavblog · 2 years

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Earnings announcements of Future Retail, Future Lifestyle to be delayed

Two listed Future group firms -- Future Retail and Future Lifestyle Fashion -- on Tuesday expressed their inability to convene a board meeting before May 30, to approve their financial results for the quarter and year ended March 31, on account of vacant positions on their respective boards.

In the last two months, Future Retail Ltd (FRL), the flagship firm of Kishore Biyani-led Future Group, witnessed several top-level exits after the Rs 24,713-crore deal with Reliance Retail was called off.

Earlier this month, FRL's Chief Financial Officer C P Toshniwal and Company Secretary Virendra Samani had resigned from the company.

Its Managing Director Rakesh Biyani had also stepped down this month.

While at Future Lifestyle Fashion Ltd (FLFL), its Chairperson Shailesh Haribhakti had resigned from his position.

"Pursuant to cessation/resignation of a few Directors in recent past, the composition and structure of the Board of Directors and Audit Committee of the Company has become imbalanced and not in compliance with the provisions of the Companies Act, 2013 and the SEBI Regulations, 2015," said FRL and FLFL in regulatory filings.

#FUTURE RETAIL #RELIANCE RETAIL #FUTURE LIFESTYLE FASHION #NCLT #COMPANIES #NEWS

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breakinglivenewsheadlines · 2 years

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Reliance to walk away with 947 stores despite Future deal being called off

The rejection of the merger deal will not impact the independent contractual lease agreements, say legal experts

Despite calling off the deal with Future Retail, Reliance Industries still walks away with 947 small and large format store premium that were once occupied by Future Retail stores.

According to sources close to Reliance, the lenders’ decision to vote against the ₹24,713-crore deal with Future Retail will have no impact on the move to take over the lease of the stores. “The owners of the stores terminated the lease with Future Retail since they could not pay the rent and leased the same stores to us. This is separate from the earlier announced merger deal with Future,” the person said.

In February, BusinessLine had reported that multiple stores of Future Retail’s Big Bazaar and Brand Factory amongst other brands under the Future Retail umbrella have been taken over by Realince.

Future Retail has defaulted in payment of dues to the owners of the leased premises and many had initiated termination of the lease agreements for repossession of the premises. Reliance stepped in to take over the lease and then further sub-lease all these premises back to FRL so that its business could continue.

342 large format stores

Reliance had taken over 342 large format stores, such as Big Bazaar, Fashion, Big Bazaar (fbb) and 493 small format stores such as easyday and Heritage stores). However, lenders to Future Retail had objected to the transfer of these stores and had asked the company to take them back. Following this, Future Retail had written a letter to Reliance Industries asking it to return the assets and inventory from the 900 stores

Legal experts’ take

Legal experts said the rejection of the merger deal will not impact the independent contractual lease agreements entered into between Reliance and the respective lessors.

“In cases where the earlier leases of stores between Future and such lessors have been terminated or have expired, Reliance may elect to enter into fresh lease contracts, open its retail stores and independently-run the retail business,” said Ketan Mukhija, Partner, Link Legal.

On the other hand, the lenders, too, had issued a public notice informing that they had ‘secured charge’ on the moveable fixed assets and current assets (including receivables, stock, spares, inventories, cash flows) of FRL.

In fact, last week too, State Bank of India wrote a letter to Future Retail seeking accountability on the company’s stores taken over by Mukesh Ambani-owned Reliance. The SBI reiterated that the lenders have rights over the stock, moveable fixed assets in all the outlets of the company, and in the case of its sale, the entire proceeds will need to be used to settle their dues.

The lenders are now in the midst of dragging Future Retail to the insolvency court as the debt-strapped company owned by Kishore Biyani owes over ₹16,000 crore to the lenders.

Source

#Reliance #Future Retail

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