Asia's richest man Mukesh Ambani announced details of a new online shopping platform Friday that will see his oil-to-telecoms conglomerate Reliance Industries take on Amazon and Walmart in India's e-commerce market.
Reliance Retail, owned by Mukesh Ambani-led Reliance Industries Limited, has reported a 177 percent jump in profit to Rs 1,680 crore ($236.2 million) for the third quarter ending December 31 for fiscal 2018-19.
Fashion brand Forever 21, marketed in India by Aditya Birla Fashion and Retail Ltd (ABFRL), is banking on e-commerce for growth in the Indian market and recently revamped its website to make it more consumer friendly.
The fashion designer Agnimitra Paul spoke at the recent Retail India Summit as part of the “Trends in Demand” panel talk. Paul also recently organised a two-day charity fundraiser to support female entrepreneurs.
Vision Express, a joint venture brand between Grand Vision and Reliance Retail Limited, as part of its tenth-anniversary celebrations has entered new markets by opening stores in the states of Punjab and Madhya Pradesh.
Peter England, India’s leading menswear brand from Aditya Birla Fashion and Retail Limited, has brought Indian premier league club Chennai Super Kings on board to endorse its newly launched wedding collection.