/Tag: Reliance

Amazon-Reliance battle for Indian retail market shows no signs of easing

2021-01-20T12:34:13+00:00January 20th, 2021|The Big Story - India Global Business|

A $170 billion retail bounty is at stake! If Mukesh Ambani drew first blood by signing a $3.4-billion deal to buy several retail assets of the Future Group, Amazon struck legally by mounting a credible challenge before global arbitration panels and Indian courts. But there is no victor in sight yet.

Abu Dhabi’s Mubadala in advanced talks to invest up to $1 billion in Reliance Retail – sources

2020-10-01T16:08:17+00:00October 1st, 2020|India Inc Views - India Global Business, News in Brief|

Abu Dhabi state fund Mubadala Investment Co is in advanced talks to invest up to $1 billion in the retail division of India's Reliance Industries Ltd, two sources told Reuters, as investor interest in the Indian company surges.