Adani Group, Tata Sons, Reliance Industries, Maruti Suzuki, Mahindra and Mahindra, and Hyundai India have contributed as well as organized supplies for the public. Let us take a look at how they have been helping the country fight the global pandemic much better.
The 63-year-old business tycoon seeks to widen his retail footprint in the Indian market at an uncertain time, especially when the space is hot for global players such as Amazon as well as local rivals. Several companies have already made it to the billionaire’s shopping cart.
Nita Ambani is a force to reckon with! Fondly called the “Queen of Mumbai” dons many roles and plays them to perfection.
India has recently become the fifth most affected country with more than a quarter of a million cases and almost 7500 deaths. The pandemic hit came along with an economic crisis. However, the response from India Inc in fighting the COVID-19 pandemic has been laudable.
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.
Facebook announced that it has picked up a minority stake in India’s Telecom Behemoth, Reliance’s Jio platforms. The Facebook investment in Jio is valued at Rs. 43, 574 Crore for a 9.99 % stake, making the overall valuation of Jio Platforms at Rs. 4.62 Lakh Crore.
A race among telecom giants began in the midst of Coronavirus pandemic. However, after lockdown they are facing new challenges
Mukesh Ambani-led RIL’s new arm JioMart will take on Amazon and Flipkart but with a different warehousing-less strategy aided by a tech acquisition spree.
Mukesh Ambani-led Reliance has been on a tech investment spree with firms like Fynd and Asteria, and though it’s not out in the open, the pattern similar to Amazon’s investment approach suggests the Indian Mogul is gearing up to challenge Jeff Bezos’s monopoly in the e-commerce domain.
The BJP government is gearing up for a second attempt to sell India’s national carrier Air India and Mukesh Ambani-led Reliance Industries is quickly emerging as the front runner among investors.