The reborn Future group is banking on two big breaks from the past: one, it will depend heavily on white-label FMCG to offer the cheapest and best groceries in its shops. Second, to allow customers to shop from anywhere and take deliveries anywhere as well.
Probably 60 to 70 per cent online business is from three-four cities. We operate in 244 cities. I don't know if there is a comparison at all, says Future Group CEO Kishore Biyani.
The National Pension System (NPS) is a low-cost, tax-efficient retirement savings product. Its fund management charges are as low as 0.01 per cent - much lower than mutual funds.