RIL may pick up 50% in merged entity
The letter has also been addressed to Prime Minister Narendra Modi, Union Home Minister Amit Shah, Commerce and Industry Minister Piyush Goyal and other top ministers and government officials.
Netmeds latest in long list of firms in which it has picked up stakes
Jeff Bezos regards India as a key frontier for Amazon; he faces a homegrown champion backed by some of his fiercest US rivals
Promoted by Dadha Pharma, Netmeds is one of the earliest players in online pharmacy having incorporated in 2015
RIL's acquisition comes at a time when arch-rival Amazon has just started selling pharmaceutical products in Bangalore markets.
This investment represents 60 per cent holding in the equity share capital of Vitalic and 100 per cent direct equity ownership of its subsidiaries
Reliance Industries Ltd is in various stages of negotiations to either buy out or purchase stakes in Urban Ladder, Zivame, Netmeds
It said there is no question of one operator paying the Adjusted Gross Revenue (AGR) related dues of another firm, as suggested by the apex court earlier, and it has cleared all its dues
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The Mukesh Ambani-led firm's stock has more than doubled from its March lows and quadrupled since December 2016
Ambani and his wife Nita e-launched the book via JioMeet - The Corona Virus: What You Need to Know About the Global Pandemic - by three medical experts
The government in June banned 59 Chinese apps, including TikTok and WeChat, for threatening its "sovereignty and integrity" after border tensions with China
Next on the list: media and entertainment, e-commerce, a series of online businesses, and retail
The oil-to-telecom conglomerate is ranked 96th in the 2020 ranking released by Fortune
Reliance's shares fell in mid-July after Chairman Mukesh Ambani said a transaction had been delayed "due to unforeseen circumstances in the energy market and the Covid-19 situation."
While the company will remain a user of crude oil and natural gas, it is looking to embrace new technologies to convert CO2 into useful products and chemicals, says a report
Ambani has slowly been shifting his focus to e-commerce, with tech giants seeking to take a piece of India's fast-growing digital business
Rakuten is tying up with Indian companies such as Sterlite Technologies for hardware and HCL, Wipro, and Tech Mahindra for software
"This year's highest entrant at number two, Reliance Industries excels on every attribute," FutureBrand said, releasing its 2020 Index