When historians chronicle India's coronavirus-induced business collapses, Biyani's Future Group is unlikely to go unnoticed

Kishore Biyani is staring at a major debt crisis. Here is why the options for the Future Group Chairman are limited

According to rating agency ICRA, the debt of Future Group's six listed firms increased to Rs 12,778 crore as of September 2019 from Rs 11,463 crore in March 2019

How Mukesh Ambani is pivoting RIL from a petroleum company to a technology corporation

With the rise of e-commerce, retailers are now trying the omnichannel approach where their online and offline stores are integrated seamlessly to be present at all customer touch points

Competition Commission of India (CCI) said it had approved Amazon's purchase of a 49% stake in Future Coupons Ltd, an entity that owns about 7.3% of Future Retail

In August this year, Gayatri Yadav, Star India's President of Consumer Strategy and Innovation announced her exit. Amit Chopra, President and Head, Ad Sales also quit to join Samara Capital in May this year

In the past couple of years, Amazon has made three investments in Indian retail companies through indirect routes

Despite being the acquired entity, Star India, by virtue of being a Rs 10,000 crore media mammoth, seemed to have a clear upper hand as opposed to Disney India, which is barely a Rs 100 crore business

Zee Entertainment CEO, Punit Goenka has ruled out the possibility of an Indian company picking up a stake; he is in talks with several international companies and the names doing the rounds are Comcast and Tencent.

The competition watchdog last month questioned Samara Capital and Amazon owned Witzig Advisory Services, which acquired More in September, to justify how the deal structure complies with the revised FDI norms.

While the Future Group spokesperson didn't respond to a mail sent by Business Today regarding the fall out with Amazon, industry murmurs about the Amazon-Future Group deal not going anywhere are becoming stronger.

Amazon India along with Samara Capital bought out Aditya Birla's grocery retail chain for Rs 4,200 crore.

Both sides are drafting a call and put option in their share purchase agreement that will allow Amazon to call for Biyani's stake in FRL over the long term.

The deal is estimated to be about Rs 2,500 crore and will be seen through by Amazon's investment arm.

While American biggies Amazon and Walmart fight for their pound of flesh in India, Indian retailers have quietly stolen the show.