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Ad film maker Prahlad Kakkar believes that one cannot rule out the pharma sector because some of the pharmaceutical companies have done really well during the coronavirus pandemic.
Walmart-owned Flipkart on Tuesday announced the launch of its hyperlocal delivery service 'Flipkart Quick' starting with Bengaluru, a move that will further intensify competition with rival Amazon and other players in the segment.
India does not allow foreign investors to control and market their own inventory on their e-commerce platforms, which is seen as giving JioMart and other local players an edge in a key growth market for e-commerce.
This takes the cumulative fund raising by Reliance in less than three months to Rs 2,12,809 crore.
Reliance chairman and billionaire tycoon Mukesh Ambani has always pitched Jio Infocomm as a tech company instead of a traditional telecoms firm. That has helped Ambani win the backing of major tech firms such as Facebook Inc, Intel and now Qualcomm.
Arvind Youth Brands is Arvind Fashions' recently-formed subsidiary which will own the Flying Machine brand.
Intel Capital, which is the 12th marquee firm to invest in the digital unit, values Jio Platforms at Rs 4.91 lakh crore, the company said in a statement.
The discussion was part of a meeting of online retailers held via video-conferencing, hosted by the federal commerce ministry's Department for Promotion of Industry and Internal Trade.
Strong investor interest in Reliance's consumer businesses, Jio Platforms and Reliance Retail, will help the two units move toward a public listing in the next five years.
Korean brand Samsung, which is a major competitor, stands to gain if consumers switch their choice on nationalistic grounds.