Future Group to open cash-and-carry business

Kishore Biyani’s Future Group will be entering the cash-and-carry segment to compete head-on with Reliance and the Wal-Mart and Bharti JV. Future Group's new cash-and-carry business is to be named KB’s Wholesale after it's founder and promoter Kishore Biyani and will be opening in April. Approximately 15 stores will be opened in the next 18 months. The first store will be in Burdwan in West Bengal and a second store will open in Mathura in Uttar Pradesh.