Dueling billionaires: Who will blink first, Bezos or Ambani, for Indian retail control?
Accusations of insider trading and contractual breaches, nationalistic cries to keep the US giant at bay — what started as a spat has become a war and the battleground is the grocery business
29 November 2020 - 07:58
Mumbai/New Delhi — Jeff Bezos and Mukesh Ambani, two of the world’s richest men, face a turning point in a battle for pre-eminence in India’s booming, nearly trillion-dollar retail market.
The outcome of a legal dispute that has embroiled the billionaires’ Amazon and Reliance Industries empires, respectively — where a court ruling is imminent — may shape India’s retail landscape for years to come...
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