TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    AAP's appeasement politics to Khalistani elements

    ‘AAP Is Repeating Indira’s Dangerous Khalistani Appeasement Tactics in Punjab’

    way ahead of G7 summit

    When The Summit Became A Stage: The G7, Trump’s Exit, And Fractured World

    amarnath yatra 2025

    No-Fly Zone Declared Over Routes On Amarnath Yatra

    Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji

    Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    real estate

    US Firms Hit All-Time High in Office Space Leasing Across India: Report

    PM Narendra Modia

    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers, DigiLocker, UMANG

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    real estate

    India Retains Top Spot Among Global Investment Hubs for Land and Development Projects

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    congress leader likens operation sindoor to a computer game

    Congress’ Patole terms Operation Sindoor as ‘Video Game’, Sparks Controversy

    India-Russia Pact on the Su‑57 as a Leap of Strategic Trust

    From Buyer to Partner: What the Su‑57 Means for India’s Military Autonomy Inside Russia’s Su‑57 Gamble with India

    Dassault and Tata to Begin Rafale Fuselage Production in India

    Dassault and Tata to Begin Rafale Fuselage Production in India, Marking Major Milestone in Defence Manufacturing

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Why Trump Said No to Netanyahu Call for Khamenei’s Assassination

    Regime Change in Iran? Netanyahu’s Gamble Meets U.S. Resistance

    Pakistan Army Chief Heckled in U.S.

    Pakistan Army Chief Asif Munir Heckled in U.S. Amid Parade Controversy

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF’s Condemnation of Pahalgam Attack Bolsters India’s Push to Greylist Pakistan

    A New Chapter in Indo-Canadian Relations: Past Challenges, Future Prospects

    A New Chapter in Indo-Canadian Relations: Past Challenges, Future Prospects

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    jagannath rath yatra

    Everything You Need to Know About Jagannath Rath Yatra: History, Significance, Rituals, and Celebrations

    Bobby Mukkamala Becomes 1st Indian-American President of AMA

    Bobby Mukkamala Becomes First Indian-American President of the American Medical Association

    The Vedic Ethos: A Civilization of Knowledge and Inquiry

    From Rigvedic Wisdom to Modern Decay: How Islamisation Crushed a Knowledge Civilization

    Ram Mandir Pran Pratishtha 2.0

    Thousands Gather in Ayodhya for Ram Darbar Pran Pratishtha Ceremony

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India's quantum leap

    India’s Quantum Leap: DRDO and IIT Delhi Develop Ultra-Secure Communication

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    Game Paisa Wala: Top Options That Work

    Game Paisa Wala: Top Options That Work

    Dafabet Apps: The Ultimate Platform for Online Betting and Gaming

    Dafabet Apps: The Ultimate Platform for Online Betting and Gaming

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    AAP's appeasement politics to Khalistani elements

    ‘AAP Is Repeating Indira’s Dangerous Khalistani Appeasement Tactics in Punjab’

    way ahead of G7 summit

    When The Summit Became A Stage: The G7, Trump’s Exit, And Fractured World

    amarnath yatra 2025

    No-Fly Zone Declared Over Routes On Amarnath Yatra

    Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji

    Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    real estate

    US Firms Hit All-Time High in Office Space Leasing Across India: Report

    PM Narendra Modia

    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers, DigiLocker, UMANG

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    real estate

    India Retains Top Spot Among Global Investment Hubs for Land and Development Projects

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    congress leader likens operation sindoor to a computer game

    Congress’ Patole terms Operation Sindoor as ‘Video Game’, Sparks Controversy

    India-Russia Pact on the Su‑57 as a Leap of Strategic Trust

    From Buyer to Partner: What the Su‑57 Means for India’s Military Autonomy Inside Russia’s Su‑57 Gamble with India

    Dassault and Tata to Begin Rafale Fuselage Production in India

    Dassault and Tata to Begin Rafale Fuselage Production in India, Marking Major Milestone in Defence Manufacturing

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Why Trump Said No to Netanyahu Call for Khamenei’s Assassination

    Regime Change in Iran? Netanyahu’s Gamble Meets U.S. Resistance

    Pakistan Army Chief Heckled in U.S.

    Pakistan Army Chief Asif Munir Heckled in U.S. Amid Parade Controversy

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF’s Condemnation of Pahalgam Attack Bolsters India’s Push to Greylist Pakistan

    A New Chapter in Indo-Canadian Relations: Past Challenges, Future Prospects

    A New Chapter in Indo-Canadian Relations: Past Challenges, Future Prospects

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    jagannath rath yatra

    Everything You Need to Know About Jagannath Rath Yatra: History, Significance, Rituals, and Celebrations

    Bobby Mukkamala Becomes 1st Indian-American President of AMA

    Bobby Mukkamala Becomes First Indian-American President of the American Medical Association

    The Vedic Ethos: A Civilization of Knowledge and Inquiry

    From Rigvedic Wisdom to Modern Decay: How Islamisation Crushed a Knowledge Civilization

    Ram Mandir Pran Pratishtha 2.0

    Thousands Gather in Ayodhya for Ram Darbar Pran Pratishtha Ceremony

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India's quantum leap

    India’s Quantum Leap: DRDO and IIT Delhi Develop Ultra-Secure Communication

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    Game Paisa Wala: Top Options That Work

    Game Paisa Wala: Top Options That Work

    Dafabet Apps: The Ultimate Platform for Online Betting and Gaming

    Dafabet Apps: The Ultimate Platform for Online Betting and Gaming

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Big Bazaar is all but over

Rahul Gupta by Rahul Gupta
3 July 2022
in Analysis, Trending
Big Bazaar is all but over
Share on FacebookShare on X

A company’s sustenance is decided on its strategy to accrue income and reduce loss. The financial health of a company increases its survival age. Further, the evolution with time also plays a measure role in sustaining a business. When almost every market has shifted to the virtual model and competitiveness has reached its peak, it becomes very important for the traditional market to echo in the same direction. Moreover, the Covid-19 Pandemic has also cemented the very act and has engulfed the offline businesses of many companies. One of the biggest examples of such failure is India’s largest retail chain market, Future Group, the parent company of Big Bazaar.

Future Group subsidiaries defaulted

According to a report, the three subsidiaries of Future Group, Future Enterprises, Future Consumer, and Future Lifestyle Fashions, have defaulted on their payment obligations related to their debt resolutions plans.

RelatedPosts

A New Chapter in Indo-Canadian Relations: Past Challenges, Future Prospects

India’s Air Defence Proves Its Worth: Insights from Both Pakistan Standoff and Israel-Iran Conflict

India, China agree to expedite resumption of direct flights

Load More

The total outstanding borrowings of the company are Rs 447.8 crores and the total default reported by these subsidiaries is Rs 335.08 crores. However, the company paid its interest due on the principal amount on 30 June 2022 but defaulted on the one-time principal amount. The three subsidiaries of Future Group are involved in businesses like manufacturing, branding, and logistics and own retail fashion chains like Central and Brand Factory.

Also Read: Rise of Patanjali: The Untold Story of a Hindu Baba taking on MNCs

The downfall of Future Group

The default of payment comes after the successive failure of Future Group’s businesses. Mainly engaged in the retail store market, the Future Group suffered huge losses during the Covid times.

According to Kishore Biyani, the founder of the Future Group, within 3-4 months of the complete lockdown, they suffered a loss of Rs 7000 crores. Speaking about the loss during covid lockdown he said,” the problem is rent doesn’t stop, interest doesn’t stop”. He further accepted the very fact that in coming times ‘it will not be easy for physical stores’ to do business concerning consumer behavior.

Earlier Reliance Group had struck a deal to buy 19 of Future Group’s subsidiaries’ operations in retail, wholesale, and logistics warehouse segments but the deal was later canceled by Reliance.

Also Read: Jio Mart & Big Bazaar: After becoming a Telecom giant, Mukesh Ambani is all set to rule the retail sector

The strain on businesses during the lockdown forced the group to avail credit facilities from a consortium of Lender including Bank of India, Axis Bank, Bank of Baroda, Punjab National Bank, the Union Bank of India, Corporation Bank, Central Bank of India, and Andhra Bank, wherein Bank of India (BOI) is the lead lender. The lending agreement was defaulted by the group and accordingly, BOI initiated an insolvency process under section 7 of the Insolvency and Bankruptcy Code, 2016. But the insolvency proceedings have been opposed by Amazon. It has been argued by Amazon that Future Group has failed to honor the Arbitrators’ Award passed by Singapore Arbitration and is barred from disposing of its assets. So the Future Group’s future is still in the doldrums.

Big Bazaar, the subsidiary of the Future Group, is one of the favorite and most loved retail stores for millions of people. Through its largest retail stores, it brought the smart purchasing concept to the people of India. Founded in 2001, with its 300 plus stores in over 120 cities, the Big Bazaar’s shopping experience will remain in memories.

 

Support TFI:

Support us to strengthen the ‘Right’ ideology of cultural nationalism by purchasing the best quality garments from TFI-STORE.COM.

Also watch:

Tags: bankbanksBig BazarFutureIndia
ShareTweetSend
Previous Post

How Uddhav Thackeray denied Mumbaikars of metro

Next Post

Aap Chronology Samajhiye – Aarey is just not a Sanyog, but a successful Sterlite model

Related Posts

way ahead of G7 summit
Opinions

When The Summit Became A Stage: The G7, Trump’s Exit, And Fractured World

17 June 2025

In the crisp alpine air of Kananaskis, nestled amidst the brooding Rockies of Alberta, world leaders gathered to forge...

amarnath yatra 2025
Trending

No-Fly Zone Declared Over Routes On Amarnath Yatra

17 June 2025

In a sweeping security directive ahead of this year’s Shri Amarnathji Yatra, the Jammu and Kashmir Government has imposed...

Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji
Crime

Raja Raghuvanshi Murder: Meghalaya Police Recreates Crime Scene in Cherrapunji

17 June 2025

Meghalaya Police on Tuesday recreated the crime scene in Cherrapunji as part of their ongoing investigation into the shocking...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

R.P. Singh Exposes AAP: Following Indira's Model of Separatist Appeasement?

R.P. Singh Exposes AAP: Following Indira's Model of Separatist Appeasement?

00:11:04

kamakhya Devi and the Power of Menstruation: Ambubachi Mela Explained.

00:04:47

From love to murder- how five plots took down raja raghuvanshi

00:04:38

Marriage gone murderous: expert explains the gruesome murder case.

00:13:01

An Israeli tells why Israel hit Iran | Middle East Crisis |

00:33:03
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited