RIL's e-commerce push: Will Reliance Retail be the next Jio?
Reliance Industries Limited ( RIL ) is a Fortune 500 company and the largest private sector corporation in India. Reliance's products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums. The company has evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment and digital services. The home-grown crude-to-yarn-to-telecom-to-e-commerce conglomerate, RIL, has purchased the 259-year-old British toy store chain Hamleys from C.Banner International Holdings for Rs 620 crore . This buyout, including a host of other stake purchases or outright acquisitions in the past six months, is the strategy of Mukesh Ambani to push for consumer business, which he feels will contribute nearly as much as to the conglomerate’s total earnings as its core energy business by the end of 2028. Globally, too RIL aspires to be among the top 20 companies and along with refining and petrochem...