Covid-19 and Reliance Industries (RIL) – seem to be the only two names that now command the power to move the markets in either direction. The latter with investment in its telecom venture (Jio Platforms) and now the retail business vertical have put the spotlight back on retail space in India.
With RIL’s retail arm, Reliance Retail, sealing its first stake sale deal with Silver Lake, analysts see the sector consolidating yet growing going forward and if reports are to be believed, the Mukesh Ambani-owned company could be in talks to offer $20 billion stake to Amazon. The ...
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