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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Competition in India’s fashion e-commerce market is heating up, and the long-undisputed market leader has no time to lose if it wants to fight off India’s biggest retailer.
Reliance Retail, the retail arm of Mukesh Ambani’s Reliance Industries, has seen two striking developments in the last one year.
In July last year, it scooped apparel retailer Gap at the last minute from Flipkart-owned fashion e-commerce giant Myntra, which was already in advanced talks with the iconic American brand, says a fashion industry executive, requesting anonymity. Two years after Gap exited India by axing its contract with offline retailer Arvind Fashion, Reliance struck a deal to sell Gap’s merchandise through exclusive brand stores and on Ajio, its online fashion retail platform.
Then in May, Reliance announced a tie-up with …
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
