• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Saturday, August 13, 2022
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    The Communist Party does not consider ‘Pakistan Occupied Kashmir’ as a part of India?

    The Communist Party does not consider ‘Pakistan Occupied Kashmir’ as a part of India?

    UP ATS nabs ‘Jaish-e-Mohammed terrorist’ tasked with killing Nupur Sharma

    UP ATS nabs ‘Jaish-e-Mohammed terrorist’ tasked with killing Nupur Sharma

    Is govt charging 18 percent GST on rented house?

    Is govt charging 18 percent GST on rented house?

    If LSC performs really well in China, probe agencies should investigate the numbers

    If LSC performs really well in China, probe agencies should investigate the numbers

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Adani aluminum

    Gautam Adani is now going to give Tata and Birla a tough run for money in aluminum sector

    Musk dumping Tesla shares

    Elon Musk is Done!

    textile industry

    Indian textile sector can grow at the expense of China’s textile sector

    Chinese companies may quit India altogether. Bon voyage!

    Chinese companies may quit India altogether. Bon voyage!

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Ocean India

    Indian Ocean is finally India’s own

    Indian navy

    Indian Navy will soon be a force to reckon with

    PNS Alamgir

    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    In global defence market, Tejas is top-shelf stuff

    In global defence market, Tejas is top-shelf stuff

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    A self-reliant India is becoming a ‘reliable’ strategic partner for global powers

    A self-reliant India is becoming a ‘reliable’ strategic partner for global powers

    Tu-160

    India gets Russia’s lethal ‘White Swan’

    truce commission

    Only PM Modi can save the world, says Mexican President

    ambassador china

    Four Ambassadors Dead in China – Did China “fry” their brains off?

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    death of Vikram Sarabhai

    Vikram Sarabhai- The man who foresaw space commercialisation; died a mysterious death

    Bhagwati Charan Vohra family

    Unsung Heroes: The Vohras – a family with a difference

    Raksha Bandhan

    The significance of Rakshabandhan in Sanatan Dharma

    Raja Marthanda Varma

    Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    If LSC performs really well in China, probe agencies should investigate the numbers

    If LSC performs really well in China, probe agencies should investigate the numbers

    Raksha Bandhan

    Why boycotting Akshay Kumar’s ‘Raksha Bandhan’ makes no sense

    Serena Williams retirement

    Serena Williams- A great Tennis player but a horrible role model

    death of Vikram Sarabhai

    Vikram Sarabhai- The man who foresaw space commercialisation; died a mysterious death

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    The Communist Party does not consider ‘Pakistan Occupied Kashmir’ as a part of India?

    The Communist Party does not consider ‘Pakistan Occupied Kashmir’ as a part of India?

    UP ATS nabs ‘Jaish-e-Mohammed terrorist’ tasked with killing Nupur Sharma

    UP ATS nabs ‘Jaish-e-Mohammed terrorist’ tasked with killing Nupur Sharma

    Is govt charging 18 percent GST on rented house?

    Is govt charging 18 percent GST on rented house?

    If LSC performs really well in China, probe agencies should investigate the numbers

    If LSC performs really well in China, probe agencies should investigate the numbers

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Adani aluminum

    Gautam Adani is now going to give Tata and Birla a tough run for money in aluminum sector

    Musk dumping Tesla shares

    Elon Musk is Done!

    textile industry

    Indian textile sector can grow at the expense of China’s textile sector

    Chinese companies may quit India altogether. Bon voyage!

    Chinese companies may quit India altogether. Bon voyage!

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Ocean India

    Indian Ocean is finally India’s own

    Indian navy

    Indian Navy will soon be a force to reckon with

    PNS Alamgir

    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    In global defence market, Tejas is top-shelf stuff

    In global defence market, Tejas is top-shelf stuff

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    A self-reliant India is becoming a ‘reliable’ strategic partner for global powers

    A self-reliant India is becoming a ‘reliable’ strategic partner for global powers

    Tu-160

    India gets Russia’s lethal ‘White Swan’

    truce commission

    Only PM Modi can save the world, says Mexican President

    ambassador china

    Four Ambassadors Dead in China – Did China “fry” their brains off?

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    death of Vikram Sarabhai

    Vikram Sarabhai- The man who foresaw space commercialisation; died a mysterious death

    Bhagwati Charan Vohra family

    Unsung Heroes: The Vohras – a family with a difference

    Raksha Bandhan

    The significance of Rakshabandhan in Sanatan Dharma

    Raja Marthanda Varma

    Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    If LSC performs really well in China, probe agencies should investigate the numbers

    If LSC performs really well in China, probe agencies should investigate the numbers

    Raksha Bandhan

    Why boycotting Akshay Kumar’s ‘Raksha Bandhan’ makes no sense

    Serena Williams retirement

    Serena Williams- A great Tennis player but a horrible role model

    death of Vikram Sarabhai

    Vikram Sarabhai- The man who foresaw space commercialisation; died a mysterious death

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
No Result
View All Result

Mukesh Ambani snatched the Indian retail market from Jeff Bezos

TFIPOST News Desk
by TFIPOST News Desk
17 March 2022
in Business
0
Mukesh Ambani Amazon Jeff Bezos Reliance Retail
2.9k
VIEWS
Share on FacebookShare on Twitter
  • In order to expand further, Amazon wanted to grab Future Retail of Kishore Biyani, but could not succeed because Biyani preferred an Indian company over Amazon to sell its business.
  • Mukesh Ambani gave a jolt to Jeff Bezos owned Amazon by seizing all Future Retail stores because the company was not able to pay back the money.
  • The upcoming years will give us a good show on the competition in the Indian e-commerce market, especially between the richest man in Asia and the richest man in the world- Jeff Bezos

In less than a decade, Amazon made great strides in India. Although the company is still pumping money in the Indian market and far from being profitable, it has become a numero uno destination for online shoppers. In order to expand further, it wanted to grab Future Retail of Kishore Biyani, but could not succeed because Biyani preferred an Indian company over Jeff Bezos led Amazon to sell its business.

Biyani sold Future Retail to Reliance Industries Limited, which is expanding the retail arm at an exponential rate. Amazon is well aware that once Reliance establishes itself as a major player in the Indian market, very little will be left for the American MNC. In fact, it may be forced to exit the Indian market just like many telecom players did after the entry of Jio in the telecom space.

Also Read: Future group refuses to bend in front of Amazon

Amazon decided to take Future retail in the complex web of the Indian judiciary to stop its acquisition by Reliance Retail. However, Mukesh Ambani gave a jolt to Jeff Bezos owned Amazon by seizing all Future Retail stores because the company was not able to pay back the money. Now Future Retail is not paying even 200 million dollars that Amazon invested in the company in the name of its inability to pay.

Also Read: Amazon has a huge meltdown in CCI proceeding against Future group

Amazon thought it can win the war for domination in retail with Mukesh Ambani given its deep pocket, but the astuteness of the Reliance chairman is unparalleled, and he proved this once again by defeating Jeff Bezos owned company.

Previously Amazon played many dirty tricks in order to defame Reliance by making Bloomberg – a mouthpiece and advocacy arm of American big businesses – do hit jobs.

Bloomberg reported that Reliance Retail Ventures Limited (RRVL), the retailing arm of oil to telecom conglomerate Reliance Industries Limited, wants to sell a 40 per cent stake to Amazon, the big daddy of the retail industry, quoting anonymous sources.

The American media house that is known for “speculative” stories reported that Mukesh Ambani made Anil “beg” for money to save him from being jailed in the Ericsson case. “Although the Ambani clan publicly characterized them as amicable, two people familiar with the talks, who wished to remain anonymous discussing a family matter, used a different descriptor. Mukesh, both said, made Anil “beg”, said a Bloomberg report.

There is not an iota of doubt among analysts that Ambani-led Reliance will give tough competition to the existing e-commerce players as the history of its operations in other sectors suggests. The upcoming years will give us a good show on the competition in the Indian e-commerce market, especially between the richest man in Asia and the richest man in the world- Jeff Bezos.

Similar to his father, Mukesh Ambani is known for establishing domination in the markets. In the early days of the business, his father monopolized the thread-making business, and Mukesh Ambani has himself done the same in the refining and petrochemical business. Now, his company is trying to dominate the retailing business.

Also Read: No, Reliance did not offer 40% stake to Amazon and the Bloomberg story could be a message from Bezos to Ambani

Amazon is known for its unethical business practices in inhumane working conditions for workers. We live in a world where capitalistic giants with their billions of dollars in bank accounts spar with each other for fun to dominate a country to churn massive profits.

On any given day, it is better to have domestic players dominating positions in the markets rather than the foreign ones. And the government should actively support the Indian enterprises in cornering the foreign ones rather than being neutral and taking the moral high ground. It is good to see Mukesh Ambani winning the race against Amazon without much government help, but where the govt help is needed to promote Indian businesses against foreign ones (like in defence), it must be provided with the same.

Tags: AmazonAmazon IndiaFuture GroupFuture RetailJeff BezosMukesh AmbaniReliance Industries LimitedReliance Retail
ShareTweetSend
Previous Post

PM Modi has issued a stern statement against the likes of Rita Bahuguna Joshi and Maneka Gandhi

Next Post

Congress era VIP under radar in Augusta Westland VVIP chopper scam

TFIPOST News Desk

TFIPOST News Desk

India’s most loved Right-Wing blog

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

The Communist Party does not consider ‘Pakistan Occupied Kashmir’ as a part of India?

The Communist Party does not consider ‘Pakistan Occupied Kashmir’ as a part of India?

13 August 2022
A self-reliant India is becoming a ‘reliable’ strategic partner for global powers

A self-reliant India is becoming a ‘reliable’ strategic partner for global powers

13 August 2022
UP ATS nabs ‘Jaish-e-Mohammed terrorist’ tasked with killing Nupur Sharma

UP ATS nabs ‘Jaish-e-Mohammed terrorist’ tasked with killing Nupur Sharma

13 August 2022
Is govt charging 18 percent GST on rented house?

Is govt charging 18 percent GST on rented house?

13 August 2022

Popular This Week

BYJU’s
Analysis

BYJU’s on the road to become the next SAHARA….

by Rahul Gupta
1 July 2022
Atul Kulkarni hindu
Cinema

Atul Kulkarni – A vicious brain behind an innocent artist

by Tanya Trivedi
8 August 2022
In global defence market, Tejas is top-shelf stuff
Defense

In global defence market, Tejas is top-shelf stuff

by Rahul Gupta
7 August 2022
Oil India
Geopolitics

Russia replacing Saudi Arabia as India’s top oil supplier is giving sleepless nights to Gulf countries

by Rahul Gupta
6 August 2022
BSNL
Trending

“Quit your Sarkari Attitude or Pack Up” Ashwini Vaishnaw’s blunt warning to BSNL

by Rahul Gupta
7 August 2022

©2022 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2022 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost