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...
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...
4G Provider "Jio" Signs 72 Million Subscribers in 4 Months
Mumbai, India-based Reliance Industries claims that within four months of launching the services of its telecom subsidiary Jio, a record number of 72.4 million customers have subscribed to it. However, Jio services face congestion issues as the interconnect capacity provided by some large operators is "still way below requirement", the...