Prospects for global recovery amid progress with Covid vaccines has caused investors to shift from defensive growth stocks to cheaper economically sensitive shares.
The legal spat between two of the world’s richest men – Amazon’s Jeff Bezos & Reliance’s Mukesh Ambani – has also sparked a ‘foreign versus local’ debate.
Biyani’s Future Group is caught in a tussle for India’s consumer retail market, worth nearly $1 trillion, between firms led by two of the world’s richest men.
The net worth of RIL chairman rose up to 73% last year to $88.7 billion. Gautam Adani took the second spot on the list with a net worth of $25.2 billion.
Amazon had agreed to purchase 49% of one of Future’s unlisted firms last year, with the right to buy into flagship Future Retail Ltd. after a period of between three and 10 years.
152-yr-old Tata Group could be taking a leaf from Mukesh Ambani playbook as it is in talks with Walmart Inc. for a $25 bn investment in a super-app, a multipurpose online platform.
Reliance is apparently in talks with domestic assemblers to make a version of its Jio phone that will run on Google’s Android and be offered with low cost wireless plans from Jio.
Reliance Industries has seen its market value nearly double to more than $200 billion this year after a major push into digital and e-commerce ventures.
Carlyle & SoftBank have expressed interest in investing in Reliance Retail but have been asked to wait as Reliance is already in talks with other investors.
Silicon Valley’s ambitions in India represent a threat to Ambani’s ability to achieve dominance in his home market, but winning their cooperation, could help him achieve it faster.
Our study presents evidence suggestive of the fact that farmers who demonstrate greater knowledge about the importance of potassium tend to achieve higher yields and revenues.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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