While Mukesh is likely to make a foray into the specialty stores, is choosing the same date to launch the much-awaited Reliance Money.
Reliance Industries Ltd, which rolled out its first retail store Reliance Fresh on Friday, may start futures trading to mitigate the price risk but the move depends on achieving sufficient volumes after expansion of the retail format.\n
Reliance's move will put at stake about 10,000 jobs in Uttar Pradesh and Orissa. Already, about 1,000 people, 60 per cent of whom are directly employed, have been sacked.
Billionaire Mukesh Ambani's retail venture will soon start selling electronics goods like refrigerators, TVs and computers, even as it prepares to open its 100th fresh food and vegetables outlet in the country.
Reliance Industries Ltd will invest Rs 2,000 crore (Rs 20 billion) for laying down methane gas pipelines in Satna, Mahiya and Shehdol in Madhya Pradesh.
The company, ranked 153rd on the Fortune list, is appointing a consultant to explore the possibilities, as part of an internal due-diligence followed for any new business.
YCook can add a year of shelf life to food without the side effects of chemical preservatives.
At least 30,000 growers are hedging for their produce through farmer producer organisations
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
Reliance has around 100 Delight stores in the country.
Some analysts believe convenience stores could be challenged by digital grocery in the future.
E-commerce buyouts: Mahindra, Godrej to leverage on physical stores.
'The policy is to consolidate farming into the hands of a few and to take away the food security of the country.' 'Once food is in the hands of 15 chosen corporate houses, you will get food, but at a price that they determine.'
The company is keen on creating 'a differentiated e-commerce model'.
Online grocers like Bigbasket and localbanya witness surge in sales.
'If you allow Walmart to operate in India, our manufacturing will finish completely.' 'What will happen to Narendra D Modi's dream then? There will be no Make in India.'
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