Reliance to invest Rs 10,000 cr in Bengal, will help e-commerce expansion


India's Reliance Industries will invest Rs 10,000 crore ($1.4 billion) in West Bengal, a part of which would fund the company's new e-commerce venture, its chairman Mukesh Ambani said on Thursday.

The energy and telecoms conglomerate, which already runs retail stores, has announced plans to diversify into e-commerce at a time when India's new foreign investment curbs have dealt a blow to Amazon.com Inc and Walmart's Flipkart. The investment announcements also come as a boost for the state's chief minister,.....

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