The Retail Leadership Summit was held in Mumbai and from the sidelines of it, CNBC-TV18’s Priya Sheth caught up with the Joint MD of Future Retail, Rakesh Biyani and asked him what his outlook is for FY19.
The Cabinet on Wednesday allowed 100 percent foreign direct investment (FDI) under the automatic route for single-brand retail. To discuss in detail what would be the positive impact of the above development on ground for the retail companies CNBC-TV18 spoke to Rakesh Biyani, Joint MD, Future Retail, J Suresh, MD and CEO, Arvind Lifestyle Brands and to know the impact on their growth and stock prices, they spoke to Abneesh Roy, Senior VP, Edelweiss Securities.
CNBC-TV18’s Nisha Poddar is in conversation with Kishore Biyani of Future Group, Ashni Biyani of Future Consumer and Avni Biyani of Future Retail. They shared their views and outlook on the impact of private equity play on family business.
In an interview to CNBC-TV18, Govind Shrikhande, Customer Care Associate & Managing Director, Shoppers Stop spoke about the results and his outlook for the company.
Looking at an interesting relational ship through this tie-up with Shopper's Stop as a group and Raheja family, said Kishore Biyani of Future Group.
The Future Supply Chain IPO is likely by November end or early December according to merchant bankers, said Rakesh Biyani, Joint MD, Future Retail.
In an interview to CNBC-TV18, Rakesh Biyani, Joint MD of Future Retail spoke about the results and his outlook for the company.
Watch the interview of Kiran Mazumdar-Shaw, CMD of Biocon, Rakesh Biyani, Joint MD at Future Retail, Gnanesh Gala of Navneet Education, Harsh Mariwala of Marico, Bharat Madan, Group CFO at Escorts and KU Subbiah, CFO, VST Tillers Tractors in which they shared their views on how goods and services tax (GST) will impact businesses across the country.
In an interview to CNBC-TV18, Rakesh Biyani, Joint MD, Future Retail spoke about the results and his outlook for the company.
Kishore Biyani, CEO of Future Group said that the worry is additional cost that will come with digital payment system. However, he is confident that the government will extend some subventions on charges beyond this year-end.
On the first day of cash dispensation the company saw around 50,000 transactions conducted, says Kishore Biyani, Chairman, Future Retail.
Even as citizens are coming to terms with the government‘s demonetisation drive, Future Group‘s Kishore Biyani says that cash payments at its retail chains have dipped and consumers are moving towards digital payment mediums.