In August, Reliance Industries announced acquisition of Future Group for Rs 24,713 crore to bolster its fast growing retail business.
Accounts for 7 per cent of cumulative revenues, 11 per cent of profits; ICICI Bank, L&T make it to top 10
The winner in the fight for Future Retail Ltd, Amazon's estranged local partner, will get pole position in the race to meet the daily needs of more than a billion people.
At the center of the case is Amazon's efforts to block Reliance's planned purchase of Future Group's assets
Ambani said that the country needs great innovations in energy storage and utilisation
Ambani said bold reforms undertaken by the government will lead to a swift recovery
The two players have said that they will go ahead with the regulatory process despite Amazon's objections
Experts say a strategic investor may be inducted later as Reliance Retail prepares to fight Amazon, Walmart-Flipkart and DMart among others
The deal is expected to help Mukesh Ambani-headed RIL take on players such as Amazon, Flipkart, Ikea, and smaller rival Pepperfry
Billionaire Mukesh Ambani-owned Reliance Industries' retail arm has picked up 96% stake in online furniture retailer Urban Ladder for over Rs 182 crore
Amazon is willing to 'sink the ship' but doesn't want Reliance to acquire Future's assets, says one analyst.
Ratcheting up competition, Ambani's portals are offering blockbuster discounts of as much as 50% on sugary confections and other holiday staples like spice mixes for India's rice delicacy, biryani
The preferred cause of India's top philanthropists over the past seven years has been education and 2020 was no different as most of the donations were made for this purpose
Reliance head Mukesh Ambani and Indian Oil Corp Chairman Shrikant Vaidya will join over 30 world leaders from oil, gas and petrochemical industries to discuss post-Covid-19 economic recovery
Facebook has been open about its ambition to build a large commerce business in India with WhatsApp messaging at the center
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud (colloquially known as MBS) is the chairman of PIF
By seeking to stall Ambani's purchase of Future, Bezos may be signaling that he would rather remain a rival
Shares of Reliance Industries (RIL) slipped over 5 per cent on Monday morning to Rs 1,948 levels, reacting to the September 2020 quarter numbers released post market hours on Friday
ADIA, PIF to invest Rs 7,558 cr for 51 per cent stake in Jio's fibre network
According to the sources, Future group has been told not to proceed with its sale of shares to RIL till the outcome of the arbitration process