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Alibaba's Jack Ma may buy 50% stake in Mukesh Ambani's Reliance Retail to take on Flipkart, Amazon

Alibaba co-founder Jack Ma is said to be in talks to acquire a large stake in Mukesh Ambani-led Reliance Retail with an investment of $5 billion to take on Flipkart and Amazon.

 
 
The world's largest online retailer is reportedly interested in Kumar Mangalam Birla's food and grocery supermarket chain More.
OYO is reportedly in advanced talks to raise up to $1 billion in a deal that could value it at over $4 billion.
Over 63 per cent of respondents who were aware about the regulation and its requirements reported that they were non-compliant.
Paresh Sukthankar, the man who was seen as a natural successor to Aditya Puri, MD & CEO, abruptly resigned on Friday from the largest private bank in the country.
The CCI concluded that Flipkart and Walmart "are neither close competitors in the B2B sales nor have a combined market share that raises competition concern".
The Supreme Court today asked the Allahabad bench of the NCLT to deal with the insolvency proceedings against Jaypee Infratech, allowing a second round of bidding.
 
 
The yoga guru Baba Ramdev's company, which had recorded over 100 per cent growth rate about a year ago, has since witnessed a considerable dip in demand.
Atal Bihari Vajpayee passed away today at the age of 93. Leaders cutting across the political spectrum mourned the loss of India's former prime minister.
The Walmart-Flipkart deal is expected to help the government rake in up to Rs 13,700 crore.
The social media giant is reportedly planning to rejig the top management's structure, entrusting whoever eventually occupies the corner office with a bigger role.
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