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.
Amazon's huge investment of $80 million a month didn't win it favour over customers during the festive season, with rival Flipkart selling more goods, reports Alnoor Peermohamed from Bengaluru.
...followed by financial services, IT, and sales and marketing.
'This novel, even after 1,000 years, is still relevant.' 'The politics and psychology is still relevant.' 'It is as contemporary as you can get.'
Flipkart Group on Monday said it has raised $3.6 billion (about Rs 26,805.6 crore) in funding led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Walmart, valuing the e-commerce giant at $37.6 billion. The company, which competes with Amazon, Reliance Industries' JioMart and others in the burgeoning Indian e-commerce market, said it will continue to make deeper investments across people, technology, supply chain and infrastructure to address the requirements of a rapidly growing consumer base in the country. The current funding round has also seen participation from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad as well as marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global.
Neerja Palisetty's Sutrakaar Creations combines paper with post-consumer waste to promote fair trade, craft empowerment, zero-waste, and ethical fashion.
Varsha Thapa opens up about her modelling career, racism abroad, fitness and style tips and her ideal Valentine.
The winner will get to feature in a fashion shoot in Vogue India along with a one-year mentorship programme with an industry professional.
Lakme model Suni Singha reveals how her parents pushed her to follow her childhood dream.
Since September, Reliance Retail has raised money from Silver Lake, KKR, Mubadala, Abu Dhabi Investment Authority , GIC, TPG, General Atlantic and Saudi Arabia's Public Investment Fund in a divestment programme that mirrored sister Jio Platforms a few months earlier.
Karnal-born model Lakshya Lathar, 20 speaks about his early struggles.
RustOrange co-founders Samik Sarkar, Shashank Agnihotri and Kuvalaya Singh share their story and learnings.
Rediff photographer Hitesh Harisinghani brings you all the action!
'Don't you know, the best way for a wedding to be splashed across media platforms is to maintain a no-trespassing stance.'
Khadi is the perfect fabric for the country.
The hottest buzz from the world of fashion and entertainment.
Meet the fashion designer who is bringing plus-size clothes to Indian women.
*Everyone* in Bollywood celebrated the man who has become such an integral part of the industry.
Salma Hayek wore a black, gold and cream Gucci dress, and a gold-leafed crown and poufy black tulle sleeves.
Forty Indians entered the billionaires' club in the pandemic-stricken 2020 to take the number of those in the coveted list to 177 people, a report said on Tuesday. Mukesh Ambani continued to be the wealthiest Indian with a networth of $83 billion. The head of Reliance Industries witnessed a 24 per cent jump in fortunes and climbed up one spot to be the eighth richest globally, as per the Hurun Global Rich List. Gautam Adani from Gujarat, who has had a spectacular rise in fortunes in the last few years, saw his wealth almost doubling to $32 billion in 2020 and climbed 20 places to be the 48th richest person globally and the second wealthiest Indian.
'If you weed out corruption, you will bring glory to Goa.'
'I was emotionally disturbed after hearing about foeticides and later Nirbhaya and felt that as successful women, we must raise our voice against these issues.' '#SheIsMe, an inspirational fashion showcase, was a personal tribute that proclaimed that despite their flaws and limitations, women are beautiful, magical and strong.'
4 Jhumkas That Make You Look Like a Diva
Karlie Kloss has so much love for Deepika Padukone.
The headturners on Day Two of fashion week.
Is Priyanka Chopra headed towards yet another big hit?
'If you are dark, you can't be a hero.' 'If you have curly hair, you can't be a hero.' 'If you were muscular, you had to become a fighter.' 'Today if you are muscular, you can be a hero.' 'Salman Khan made being muscular fashionable.'
Going forward, the February factory output may be impacted as several industries such as automobiles, technology, pharma and fashion have some exposure to imports of raw and intermediate materials from China.
Salman Khan hosts Eid party.
Madhuri Dixit Nene, Shilpa Shetty, Aishwarya Rai Bachchan, Kiara Advani are some of the celebs who have worn designs by Prerna Rajpal.
The change in ownership is expected to give a fresh lease of life to the company that has often been dragged by financial stress in its close to three-decade journey under the Khaitans, reports Ishita Ayan Dutt.
The comedy is stale, but there are bits that make you laugh, notes Divya Nair.
RBL Bank is no Yes Bank. It's not fraught with fraud. It's a story of limitless ambition and greed for growth under a leader who doesn't want to give up, says Tamal Bandyopadhyay.
India's Rs 4.5-trillion fast-moving consumer goods (FMCG) sector was one of the first to bounce back from the lockdown induced blues, reporting a year-on-year (YoY) growth in the October-December quarter last year. That said, the overall consumption figures continue to remain depressed. The FMCG market, which includes daily consumables like branded atta, hand sanitizers, edible oils, shampoos, razors, and so on, recorded 7.3 per cent value growth during the period, while the smartphone market grew by 21 per cent.
Reliance Industries Ltd on Friday reported a 7 per cent drop in its June quarter net profit as retail business got hit by the second wave of COVID infections.
What inspired, engineering graduate Pooja Mor to quit her career and take up modelling?
