Shein app returns to India via Reliance deal
Chinese fast-fashion retailer Shein has relaunched in India through a partnership with Reliance Retail, nearly five years after it was banned amid diplomatic tensions between New Delhi and Beijing. The…
Shein must cede Indians’ data, control of local ops to re-enter India
Shein must surrender all data of Indian customers and control of its local operations to its partner, Reliance Retail, and keep operations fully local to re-enter the Indian market, according…
Indian conglomerate Reliance slashed over 42,000 jobs last financial year
Reliance, India’s largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024. The conglomerate also slowed hiring, bringing on board about…
Reliance may list Jio at $112 billion valuation next year, Jefferies says
Reliance Industries, India’s most valuable company, may consider spinning off its telecom arm Jio for a public listing as early as 2025, Jefferies said in a research note, with investors…