India’s e-commerce rules single out foreign-owned online platforms like Amazon and Flipkart. But the domestic online and offline retailers follow similar marketing tactics.
Saudi's Public Investment Fund, a sovereign wealth fund, will pick a 2.04% stake in Mukesh Ambani's Reliance Retail and will be its third investment in the conglomerate.
With the latest investment, Reliance Retail has raised 377.1 billion rupees from global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG & ADIA in less than 4 weeks.
Reliance announced on 9 Sept that the California-based private equity firm with stakes in technology-related companies will pay the amount as part of the deal.
US private equity group KKR will hold a 1.28% stake in Mukesh Ambani’s Reliance Retail, valuing India’s biggest retailer at Rs 4.2 lakh crore or $57 billion.
A poor Muslim man from Kurnool, selling khoya buns during the Medaram Jatara in Telangana, was harassed by some YouTubers and surrounded by a mob over allegations of 'food jihad'.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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