Reliance Retail plans to rapidly expand JioMart, dark stores and omni-channel operations as part of its three-year growth strategy. The company expects these investments to boost margins, improve profitability and double operating EBITDA through stronger digital and customer-led growth
The decision was announced following a board meeting, and the appointment is set to take effect from May 1, 2025. Anant will serve in this role for five years.
In January this year, Amazon founder Jeff Bezos had announced $1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online.
Billionaire Kumar Mangalam Birla's retail business will issue preference shares to Flipkart, giving it a 7.8 per cent stake, Aditya Birla Fashion said in a stock exchange filing
