Over the last few weeks, Mukesh Ambani-led Reliance Retail has managed to attract big-ticket investments from global IT giants like Facebook and Google. It is speculated to be holding talks with Amazon and Walmart. The global IT giants’ big-ticket investments are made as Reliance is all set to capitalize on a huge un-penetrated retail market in India. Starting from Qualcomm and Intel to Google and Facebook, the Jio platform has maintained to be valued above Rs 4.5 lakh crore.
The lessons billionaire Mukesh Ambani learned the hard way about the need for prudent succession planning have led him to unusual steps to ensure the continuity of leadership at Reliance Industries Limited, India’s most prized corporate possession.
Mark Zuckerberg is betting big on India with his recent mega-deal to pick up a stake in Jio Platforms. He’s surely hoping to break the jinx that has dogged Facebook in the Indian market so far.
For Facebook’s Mark Zuckerberg, chaos is a time of opportunity. In India, the Silicon Valley billionaire has 400 million strong markets that his company has sadly failed to monetize. Facebook’s investment of $5.7 billion in Reliance Jio Platforms is Zuckerberg’s biggest investment since acquiring WhatsApp.
In India, Jeff Bezos met the biggest industrialists – and Bhavish Aggarwal. So what is the Amazon boss planning? Analyzing recent interests of the world’s richest man, the Ola Boss’ Foodpanda business might have something to do with it.