String of resignations started after the Rs 24,713-crore deal was called off last month by the billionaire Mukesh Ambani-led Reliance Industries after creditors voted against it.
According to Biyani, delivery services across the board have gone up and all retailers are trying hard to serve customers as much as they can in the extended lockdown period.
The company's board in a meeting on Monday "considered and approved the re-appointment" for three years effective May 2, Future Retail said in a BSE filing.
Stressing on the retail sector's expectations from Budget 2017, Rakesh Biyani, Joint managing Director of Future Retail told CNBC-TV18 that the government must simplify retail trade policy.
Speaking to CNBC-TV18 Rakesh Biyani of Future Enterprises said the maximum jobs are created in the services sector. He went on to talk about the Model Shop & Establishment Act that got cleared by the Cabinet yesterday.
Rakesh Biyani, Director, Future Group, says with substantial cash in hands of the consumer the demand for white goods is sure to go up.
Retail major Future Group expects to clock revenue of Rs 20,000 crore this year and be present in over 300 cities and towns in the next five years, a top official said today.
In an interview to CNBC-TV18, Biyani says an early Diwali and unwarranted discount schemes has confused consumers and lead them to buy products they don‘t necessarily need.
Future Group is confident of bringing down interest cost following consolidation across the group and is also focussing on increasing sale store sales growth.
The recent correction in the Pantaloon stock could have been caused due to selling by Mauritian investors following confusion created by P Chidambaram's proposal in the Budget 2013-14 that appeared to target tax treaties, Rakesh Biyani, Joint MD, Pantaloon told CNBC TV18.
Rakesh Biyani, joint managing director, Pantaloon Retail in an interview to CNBC-TV 18 speaks about consolidating their various lifestyle brand business together under the umbrella, Future Lifestyle Fashion. He says Future Fashion is expected to have significant synergies that will allow the company to grow business even faster.
Rakesh Biyani, joint managing director of Pantaloon Retail doesn‘t see a need for changing the riders associated with FDI.
In an interview to CNBC-TV18, Rakesh Biyani, joint managing director of Pantaloon says, the company is disappointed with the Q1 performance. "There is a clear slowdown in the economy. Unfortunately, the slowdown and the lack of confidence among consumers are hitting retail significantly," he asserts.
Rakesh Biyani, joint managing director of Pantaloon says the company is planning some more transactions on non-core assets to further bring down debt.
Big Bazaar director, Rakesh Biyani squashed the rumours of the division's sale and told CNBC-TV18 that the unit is on a strong growth trajectory
Future Capital‘s future is just about to change. In a bid to pare down the consolidated debt of around Rs 5,000 crore, the Future Group is in talks with interested parties on majority stake sale.
The months of February and March have seen weak retail demand, says Rakesh Biyani, joint managing director of Pantaloon. However, he expects demand to improve in coming months.
On CNBC-TV18’s show India Tonight, director and CEO of retail of Future Group, Rakesh Biyani; the National Secretary General of the Confederation of All India Traders, Pravin Khandelwal discuss with Karan Thapar all about the tantalizing signs.