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India's Reliance To Pay $3.4 Bn For Future Group's Retail Empire

Indian conglomerate Reliance is acquiring the retail, wholesale and logistics businesses of the Future Group for $3.38 billion, the oil-to-telecoms giant announced late Saturday, strengthening its presence in the country’s hugely competitive e-commerce sector. Reliance, which is owned by Asia’s richest man Mukesh Ambani, has been locked in battle with […]

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