Amazon India enters into long-term deals with Future Group in a bid to extend the reach of the latter’s retail stores and consumer brands through its online marketplace.
Inking a Deal: Amazon India has reported that it has entered into long-term business agreements with Future Group focussing on key categories - grocery and general merchandise, and fashion and footwear in a bid to extend the reach of the latter’s retail stores and consumer brands through its online marketplace.
The development comes shortly after Amazon had agreed to buy 49% stake in Future Coupons, which holds stake in Future Retail. The Hindu
Shares of DHFL soared c. 5% today as the Committee of Creditors (CoC) approved a plan that would enable resuming the company's lending business beginning with ?500cr a month to arrest the decline in its loan book.
Blast From the Past: DHFL became India’s first non-banking finance company to face bankruptcy proceedings, after the RBI superseded DHFL’s board and later referred the mortgage lender to the NCLT. The Central Bank had cited governance concerns and payment defaults by the mortgage lender as reasons for superseding the board. Moneycontrol
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