Mukesh Ambani, Asia's richest man and chairman of Mumbai-based Reliance Industries will soon launch Reliance Retail, an e-commerce platform in India. The marketplace will allow small merchants or 'kiranas' and other offline vendors to sell their goods online. Reliance Jio Infocomm Limited, the mobile network operator owned by Reliance Industries introduced...
India's Reliance Retail, Jio to Enter Consumer E-Commerce
Mumbai, India-based Reliance Retail and Reliance Jio Infocomm will jointly launch a new e-commerce platform, said the Reliance Group chairman and managing director, Mukesh Ambani, who will combine his Jio telecom service, mobile devices, and a vast physical retail network for this business. Reliance Group has vast retail space in...
Reliance's JioGigaFiber May Upend Broadband Market in India
India ranked 134th in the global ranking for fixed broadband, and poor fixed line infrastructure has been a key reason for this low ranking. Out of the 450 million broadband subscribers, only 18 million are fixed line broadband users. The five leading wired broadband service providers are: BSNL (9 million)...
India's Reliance to Launch Fiber-Based Broadband Services
Mumbai headquartered Reliance Industries' chairman Mukesh Ambani announced plans to launch fiber-based broadband services to roll-out Internet connectivity to homes and businesses of all sizes simultaneously across 1,100 cities of India. The JioGigaFiber will come with routers and a set-top box for television. The company has invested more than $36...
Reliance India Offers a 4G JioPhone for "Free"
India's Reliance Industries' chairman Mukesh Ambani launched the 4G-enabled feature phone, the JioPhone at the company's annual general meeting. This mobile phone is free for 3 years with a refundable deposit of $23. India.com reports that the 4G VoLTE-enabled JioPhone is packed with features such as: Unlimited voice, data, and...
India's Billionaire Count Crosses Russia and the U.K.
According to the Hurun Global Rich List, India leapfrogged Russia and the United Kingdom to third place with 97 billionaires living in the country, 27 more than 2014. Manufacturing, pharma and TMT (technology, media, and telecom) are the preferred sectors. The combined wealth of Indian billionaires, mostly headquartered in Mumbai,...