The Indian conglomerate Reliance and Viacom18 have inked a strategic partnership with Bodhi Tree, an “investment platform” run by James Murdoch’s Lupa Systems and former Disney executive Uday Shankar, in […]
reliance industries
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Back to news homeReliance says its $3.4 billion deal with Future Group ‘cannot be implemented’
Reliance Industries “cannot implement” its $3.4 billion deal to acquire parts of retail chain Future Group after the latter’s secured creditors rejected the offer earlier this week, India’s most valuable […]
Future Retail, Amazon’s estranged partner in India, scales down operations
Future Retail, India’s second largest retail chain, is scaling down its operations to reduce losses, it said, the latest casualty in its years-long battle with estranged partner Amazon. The firm, […]
MagniLearn uses AI to help students learn new languages, raises $2.8M
There’s nothing easy about learning a language, and so it’s also maybe no surprise that there are plenty of startups that want to make life easier for students. But while […]
Amazon Battles Mukesh Ambani for India’s E-Commerce Future
Indian officials have kept silent about Amazon’s fight with Reliance, but they have pressured the American company on other fronts. The Reserve Bank of India and the Enforcement Directorate, India’s […]
Forget winning, can Amazon survive in India?
During a visit to India in 2014, Amazon chief executive Jeff Bezos made a splashy announcement: His firm was investing $2 billion in the South Asian nation, just a year […]
Indian stock exchanges approve $3.4B Reliance and Future deal in setback for Amazon
Indian stock exchanges approved the $3.4 billion deal between retail giants Reliance Retail and Future Group on late Wednesday in yet another setback for Amazon, which has invested over $6.5 […]