Sunday 17 February 2019 ,
Sunday 17 February 2019 ,
Latest News
  • 5 killed in Cumilla road accident, 10 injured
  • Death toll jumps to 9 in Ctg slum fire
  • People pay last tributes to poet Al Mahmud at Bangla Academy
  • PM welcomes ICC decision to probe atrocities on Rohingyas
  • Saad followers’ ijtema begins
  • PM reaches Abu Dhabi
19 January, 2019 00:00 00 AM
Print
e-commerce battle

Mukesh Ambani to fight Amazon, Walmart

AFP, Mumbai

Asia’s richest man Mukesh Ambani announced details of a new online shopping platform yesterday that will see his oil-to-telecoms conglomerate take on Amazon and Walmart in India’s burgeoning e-commerce market.

Ambani, the chairman of Reliance Industries, said the company’s telecoms and consumer businesses planned to roll out the venture in the western state of Gujarat before expanding across India.

“Jio and Reliance Retail will launch a unique new commerce platform to empower and enrich our 12 lakh (1.2 million) small retailers and shopkeepers in Gujarat,” Ambani told a summit attended by Prime Minister Narendra Modi.

Ambani, 61, has been drip-feeding his e-commerce plans for India over the past few months in announcements that are no doubt being keenly watched by US giants Amazon and Walmart.

Reliance shook up India’s telecoms market in September 2016 when it launched its 4G Jio network with free voice calls for life and vastly cheaper data.

The launch sent the profits of other mobile players spiralling downwards and sparked consolidation across the industry as rivals scrambled to match Reliance’s deep pockets.

 

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 55.5%
No 40.7%
No Comment 3.8%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
0102
03040506070809
10111213141516
17181920212223
2425262728

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting