In a report titled ‘The New India: Why This Is India's Decade", Morgan Stanley said India has the conditions in place for an economic boom. It could account for 20 percent of the growth that the world will generate. Ridham Desai, head of India-Equity Research, as well as the India...
India’s Reliance Expands Investments in Clean Energy in Europe
Mumbai-based Reliance Industries (RIL), through its subsidiary Reliance New Energy Solar Ltd., invested in German "green solar wafers" technology company NexWafe GmbH, and signed a pact with Danish company Stiesdal A/S for hydrogen electrolyzers, as part of a strategy to expand its clean energy portfolio. The company invested 25 million...
India Records Highest Ever FDI Inflow
Net foreign direct investment (FDI) into India hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous year's high of $43.013 billion. India's central bank, the Reserve Bank of India said that while the direct investment to India in FY21 stood at...
Reliance Retail to Launch Tiffany and Tory Burch in India
Reliance Brands Limited, the luxury retail subsidiary of Mumbai headquartered Reliance Industries, signed a deal to launch the iconic jewellery brand Tiffany & Co in India next April. At that time, the company will also introduce American lifestyle brand Tory Burch in India. Reliance Brands markets luxury brands such as...
Walmart India Adopts New Sales Strategy
Bentonville, Arkansas-based Walmart's plan to crack India's giant consumer market, compete with Amazon.com Inc., and Asia’s richest man, Mukesh Ambani of Reliance Industries -- who has announced plans to launch his own e-commerce initiative -- is to collaborate with the neighborhood stores. Twelve million neighborhood stores across India account for...
India's Reliance to Launch e-Commerce Platform
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...