Stay updated with breaking news from Joec mathew. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Retail s Battle of Wallets & Wits Mukesh Ambani s Reliance Retail, Jeff Bezos s Amazon Inc. and the Walton family s Walmart-Flipkart combo are pitching themselves for the long haul in Indian retail Rajeev Dubey, Editor, Business Today Knives - and wallets - are out in full measure as three of the world s richest businesses vie for supremacy of India s $850 billion retail market, an industry that is projected to present an even greater business opportunity of $1.3 trillion as soon as 2025. Mukesh Ambani s Reliance Retail, Jeff Bezos s Amazon Inc. and the Walton family s Walmart-Flipkart combo are pitching themselves for the long haul in Indian retail. With $33.3 billion (Rs 2.46 lakh crore) already invested, they are digging into their deep pockets to ready an arsenal that will endure a multi-year battle for leadership. And the Tatas - one of India s oldest business houses and among the most conservative - have also thrown their hat into the ring by bidding for India s ....