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Mukesh Ambani Announces Plan To Take On Online Retail Giants Amazon And Flipkart

Mukesh Ambani, Asia’s richest man and Chairperson of Reliance Industries unveiled an ambitious plan to take on online retail giants Amazon and Walmart-Flipkart by combining Jio Telecom services, mobile devices and a vast physical retail network, reportedBloomberg.  Reportedly, Reliance Industries Ltd will roll out its online shopping platform to around 1.2 million retailers and store-owners in western India
             The rules will affect both Amazon and Walmart which acquired a major stake Flipkart online services for $16 billion and benefit local players such as Reliance. 

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