Displaying items by tag: Reliance Industries

Indian retail outlet Future Retail has released details of dealings with global retail giant Amazon in a bid to break off a deal between the two companies.

India's second biggest retail outlet, Future Retail, has been asked to submit details of a deal with Amazon to the Enforcement Directorate, an Indian law enforcement agency.

India's Reliance Industries has launched the Jio Next, a cheap 4G smartphone that it hopes will give it dominance of the Indian market and overtake its Chinese competitors.

Facebook has announced an investment of US$5.7 billion (A$9.3 billion) in Jio Platforms, a company that owns India's biggest mobile provider with nearly 388 million subscribers. The social media giant has thus become the biggest minority shareholder in the company.

A shade over 400 million feature phones will be sold globally in 2019, the analyst firm Counterpoint Research has predicted, adding that shipments of this class of device are expected to cross a billion units by 2021.

India will have a new fibre broadband service across 1100 cities from 15 August, with Mukesh Ambani, the country's richest man and owner of Reliance Industries, announcing that his company would move into broadband.