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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.
Mukesh Ambani is scouting for investors in his retail business with a deadline of March 2021, even as he continues to grow.
Editor's note: Reliance Industries Ltd is in discussions to sell a minority stake in its retail business to Walmart Inc., with the world’s largest retailer emerging as an early candidate to pick up a stake in India’s largest retail company, according to an executive familiar with the development. The move is significant as both companies look to gird up to take on Amazon in the country’s organized retail space. Walmart could pick up as much as 10% in Reliance Retail Ltd, according to the executive, who did not want to be named as the discussions are confidential. The executive said the deal has not been closed, with discussions continuing between the two firms. The Morning Context could not verify the size of a potential deal between Walmart and Reliance. CLSA, the brokerage firm, had in July valued Reliance Retail at $72 billion. Emails sent to RIL and Walmart remained unanswered. Reliance’s playbook for further strengthening its position in the retail space appears to be similar to the strategy it adopted to build its Jio Platforms business, where it got 13 companies, including …
After 19 investment rounds and over $2.1 billion raised, the kirana supply startup’s investors seem to finally be in the mood to collect their dues. What happens next?
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.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
