As the face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Amazon continues, the Jeff Bezos-run global e-commerce behemoth has said that it will continue to invest in India where the company has witnessed robust growth.
Is Amazon going to invest in Reliance?
Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is offering to sell a roughly $20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter.
Did Amazon invest in Jio?
A deal with Amazon would give further credence to Ambani’s ambitions to create an e-commerce giant for India akin to China’s Alibaba Group Holding Ltd. … The investment in Ambani’s retail ventures comes after he raised $20 billion selling stakes in his technology venture — Jio Platforms Ltd.
Who invested in Reliance?
Reliance Industries Ltd’s (RIL) wholly-owned subsidiary Reliance New Energy Solar Ltd (RNESL), along with strategic investors Paulson & Co. Inc. and Bill Gates, and a few other investors, has announced an investment of $144 million in Ambri Inc, an energy storage company based in Massachusetts, US.
Is Reliance India’s Amazon?
A tussle over an Indian grocery company has pitted the world’s largest e-commerce business Amazon against India’s largest company Reliance. The companies are at odds because they both made separate deals with the same Indian retailer – Future Group.
What is Reliance and Amazon deal?
India’s Supreme Court rules in favor of Amazon to stall $3.4B Future and Reliance deal. … The Indian Supreme Court said the order by a Singapore arbitration court last year — which had ruled to stall the deal between the two Indian giants — is enforceable and legally binding in India.
Who has highest stake in Reliance?
It is also the eighth largest employer in India with over 236,000 employees. RIL has a market capitalisation of 186 billion as of March 2021.
|Total equity||₹693,000 crore (US$97 billion) (2021)|
|Owner||Mukesh Ambani (50.54%)|
|Number of employees||236,334 (2021)|
Is JioMart a success?
JioMart, with access to the deep pockets of one of the world’s richest man – Mukesh Ambani, has managed to successfully partner up with another of the world’s richest man – Facebook founder Mark Zuckerberg. Facebook pumped in $5.7 billion into Reliance Jio in April 2020, with WhatsApp’s integration with JioMart being a …
What does RIL stand for?
|RIL||Read It Later (Internet application)|
|RIL||Res Ipsa Loquitur (Latin: The Thing Speaks for Itself; legal negligence)|
|RIL||Radio des Iles (French radio station)|
|RIL||Repairable Items List|