E-commerce giants Amazon and Flipkart have made their intentions very clear as the battle lines have been drawn ahead of the festive shopping season. Amazon has announced the Indian festival’s big deal as the Flipkart Big Billion Days deal, and while they both say sales are “coming soon,” there is …
Read More »
As the pandemic pushes the needle towards digital, online festival sales are expected to reach $ 7 billion in gross merchandise value (GMV) as shoppers flock, leading to the creation 3 billion jobs, according to consultancy Redseer. Daily e-commerce shipments in the country have also grown from 3.7 million during …
Read More »
Investor demand for Reliance Industries Ltd’s retail business is so strong that Carlyle Group Inc and SoftBank Group Corp are among those placed on a waiting list, according to people familiar with the matter. Carlyle and SoftBank have recently expressed interest in investing in Mukesh Ambani’s Reliance Retail Ventures Ltd, …
Read More »
Amitabh Bachchan will soon be on Alexa. Amazon has announced a partnership with the 77-year-old Bollywood star who will bring his voice to Amazon’s digital assistant, making him the first voice of an Indian celebrity on Alexa. Bachchan Alexa skill will offer pranks, weather, advice, shayaris (Urdu poetry), motivational quotes …
Read More »
Last week, Reliance Industries (RIL) achieved the coveted milestone of crossing $ 200 billion in market capitalization. There are less than 50 companies around the world that are valued at more than $ 200 billion. Morgan Stanley analyzed how the Mukesh Ambani-led firm compared to eight global firms when they …
Read More »
Ambani’s Reliance Industries Ltd. is said to be offering to sell an approximately $ 20 billion stake in its retail business to Amazon.com Inc., Bloomberg News reported this week. If Ambani manages to finalize such a deal, it would mark another victory for the billionaire, who in recent months has …
Read More »
By: ENS Economic Bureau | Mumbai, New Delhi | September 11, 2020 4:19:44 am Amazon has had “discussions” and “expressed interest in negotiating a possible transaction, said a person with knowledge of the matter,” reported Bloomberg. After completing a fundraiser of over $ 20 billion for Jio Platforms, Reliance Industries …
Read More »
Reliance is owned by the richest man in Asia, Mukesh Ambani (Archive) Mumbai: Reliance has denied a report that it planned to sell a $ 20 billion stake in its retail business to American rival Amazon in a deal that could change the country’s hugely lucrative e-commerce sector. The report …
Read More »
Reliance Industries Ltd., owned by Indian billionaire Mukesh Ambani, is offering to sell an approximately $ 20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter. Amazon has held investment talks in the conglomerate’s Reliance Retail Ventures Ltd. unit and has …
Read More »
Samsung has launched a new smartphone in its popular mid-range M series. The new phone is priced to compete with the Poco X2, OnePlus Nord, and the recently launched Realme 7 Pro. The Samsung Galaxy M51 was launched in India and the new smartphone features a huge 7000mAh battery. The …
Read More »