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.
Value erosion of Anil Ambani's two finance companies due to debt default has made asset sale only viable alternative, say bankers. RBI disagreeable to resolution under IBC.
The investment represents 60 per cent holding in the equity share capital of Netmeds' parent company, Vitalic Health and 100 percent direct equity ownership of its subsidiaries.
Reliance's shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.
FM adds that AI-assisted technologies should be adopted in all districts to bring development & highlights importance of collaborative ecosystems in tech innovation.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
And it begins. Frankly both the Reliance group and Future Retail are not known for good and ethical practices and this development is not at all surprising.
Let’s also see if the government comes in and arm twists the external player here.
And it begins. Frankly both the Reliance group and Future Retail are not known for good and ethical practices and this development is not at all surprising.
Let’s also see if the government comes in and arm twists the external player here.
Multiple paragraphs are repeated in this article – I guess it is a simple error, but would be good to get it corrected. Looks unprofessional otherwise