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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Amid intensifying competition, the right-hand man of Reliance Industries chairman Mukesh Ambani is getting his hands dirty to up the conglomerate’s fashion and apparel game.
Manoj Modi is a man on a mission. Viewed as the right-hand man of Reliance Industries chairman Mukesh Ambani and a driving force behind many of the conglomerate’s big moves, Modi is not known to stick around too long after getting a business off the ground. But that seems to have changed lately.
Modi has been spending a disproportionate amount of time on the conglomerate’s apparel and fashion business, a fairly well-established segment, according to a current and a former executive of Reliance Retail, both of whom spoke on condition of anonymity. A key part of Reliance Retail—India’s largest retail …
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
