With son’s appointment, Mukesh Ambani sets transition stage
For years, Mukesh Ambani has studied the ways in which billionaire families passed on what they had built to the next generation.Indian billionaire Mukesh Ambani has stepped down…
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Retail
Reliance abandons plans to buy Indian retailer amid challenges
Reliance’s decision to back out comes after almost two years of litigation as Amazon contested the takeover.By Suvashree GhoshBloombergPublished On 25 Apr 202225 Apr…
Walmart ends cigarette sales in some stores
Decisions about removing cigarettes at Walmart will be made on a store-by-store basis, the retail giant said on Monday.Walmart will no longer sell cigarettes in some of its stores…
‘Resilient consumer’: Target to invest $5bn to increase retail growth
Target will invest up to $5bn this year in physical stores, remodels, new brands and expanding its online fulfilment as the discounter continues to drive sales growth and…