Investment by US PE firm KKR will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon and Walmart's Flipkart.
'Post-Covid world will be different from the pre-Covid world.'
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced to raise Rs 7,350 crore from two investors -- Singapore's sovereign wealth fund GIC and Global alternative asset firm TPG -- by selling a stake in group's retail arm.
The previous United Progressive Alliance government had permitted up to 51 per cent foreign direct investment in multi-brand retail but the current National Democratic Alliance government is opposed to it.
Another point of contention is the invoice issued by the e-companies.
US retail major is in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership.
In the past few days, many companies, including fashion e-tailer Nykaa, food delivery platform Zomato, logistics and delivery firm Delhivery, insurance discovery platform PolicyBazaar, eyewear retail chain Lenskart, and edtech and online tutoring firm Byju's, have openly spoken about their IPO plans.
The privately-owned Hangzhou-based group, which has been in news for its impending IPO, is already sourcing human hair from the southern regions of India and has identified this category as a 'big opportunity', along with others like machinery, agro products, apparel and spices.
'If Walmart is a physical retailer, why is it striking a deal with Flipkart for the online space?'
Sellers, especially the smaller ones, are planning to go to court as well as move CCI as they fear that Walmart could bring multiple private labels in India and flood the e-commerce platform with its own products.
What we want from spectrum allocation is access to broadband networks at prices that will result in productivity gains.
A combination of bank guarantees, letters of credit, buyer's credit for computer servers have been provided to the two local operational arms by Kotak Mahindra Bank and Deutsche Bank.
K Vaitheeswaran, co-founder of Indiaplaza, one of India's first e-commerce companies, shares the lessons he learnt from its failure.
It entered India in 2006, with the aim of tapping the promising consumer market.
The e-commerce marketplace is like an information intermediary these days.
China's devaluation creates new risk in global financial markets and could prolong the West's slowdown.
Shopkeepers are losing buyers in droves to e-tailers for everything from fashion to smartphones, and are struggling to find solutions.
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