India is increasingly a hotbed for commerce, and that trend continues with Nestle, Unilever and Coca-Cola reportedly each bidding for GlaxoSmithKline’s nutritional business, Horlicks of India. According to Reuters, Horlicks will cost more than $4 billion and “initial bids were due on Monday and the...
Reliance Retail and Alibaba are negotiating a partnership in the Indian retail segment. According to reports, the firms are pushing to build “a mega Indian retail joint venture” with an investment of “at least $5 billion” to mount a challenge against existing players, including Flipkart, and Amazon...
While Amazon and Walmart are competing for eCommerce dominance in India, they might be overlooking a key rival in the country: Mukesh Ambani, the country’s richest man. With India expected to be a $1 trillion digital economy by 2025, online retailers all want a piece...
June 17, 2020
The Competition Commission of India (CCI), the nation’s antitrust police, is investigating Facebook Inc.’s purchase of a 10 percent stake in Reliance Jio Infocomm Ltd.’s digital assets. Commission Chairman Ashok Kumar Gupta told Bloomberg News the role of the panel is to prevent misuse of data in all the deals it assesses. He declined further […]
September 19, 2018
India is increasingly a hotbed for commerce, and that trend continues with Nestle, Unilever and Coca-Cola reportedly each bidding for GlaxoSmithKline’s nutritional business, Horlicks of India. According to Reuters, Horlicks...
August 20, 2018
Reliance Retail and Alibaba are negotiating a partnership in the Indian retail segment. According to reports, the firms are pushing to build “a mega Indian retail joint venture” with an...
August 17, 2018
While Amazon and Walmart are competing for eCommerce dominance in India, they might be overlooking a key rival in the country: Mukesh Ambani, the country’s richest man. With India expected...
