With giant mall, India’s Reliance sets sights on next gold rush: luxury goods

MUMBAI, India – Indian tycoon Mukesh Ambani is betting a shopping palace within a $1-billion Mumbai business showcase will tap into surging demand for Western luxury goods, installing his Reliance empire as a portal through which most of the biggest brands must pass. Though still small for a country of its size, India’s luxury market … Read more

How Reliance stunned Amazon in battle for India’s Future Retail

Reliance Industries, India’s biggest conglomerate, presses ahead with a shock de facto takeover of prized retail real estate that Amazon has been keen to take part ownership of MUMBAI, India – At a large Future Retail supermarket in Mumbai last week, workers were unloading hundreds of bright blue grocery crates belonging to India’s biggest retailer … Read more