Mukesh Ambani, chairman and managing firector of Reliance Industries, gestures as he answers a question during a media interaction in New Delhi, India, June 15, 2017. REUTERS/Adnan Abid
Such sprawl is making some in India queasy. Bankers complain he’s decimating the competition and using his sheer clout to force them to pay to play in a twist on the rent-seeking behaviour typical during the decades-long “licence raj” that ran up until India’s economic liberalisation in the 1990s. New partners like Facebook and Google, which contributed to a recent $20 billion fundraising by Reliance’s digital unit Jio Platforms, will also go head-to-head with Ambani in payments and more.
Even if competition authorities awaken, assessing dominance is not straightforward. Market share is only one indicator. Ambani gets nearly $1 out of every $4 spent in wide-aisled, neatly stacked “formal” retail. But if he increases prices or starts to churn out rubbish, cost and quality conscious consumers will still have alternative options, including from the ramshackle “informal” mom-and-pop-stores that dominate in the overall $822 billion shopping market.
Indian Rockefeller? But is he adding jobs or destroying? Adding to India's economic growth or subtracting? If he does's not help Indians by adding jobs it hardly matters whether he gets richer every day. U.S conglomerates like ITT & Gulf & Western no longer exist! Deal maker?
Moreblike rockthrower
kuku27 Which clown compared him to Rockefeller, he is not million miles close to latter.
RT : Breakingviews - India Insight: Ambani, a maverick Rockefeller
Out of millions of pictures of him why put out a pick like this? Doesn’t make any sense. Or is it because he is an Indian Businessman & that’s why in whichever way possible he can be downgraded?
Well look he close one eye....all same.
Why do girls live longer than boys? -Because Shopping never causes heart attack. But, Paying bill does.😂 Follow TipsQt