Mukesh Ambani gears up for India’s e-comm giant

Billionaire Mukesh Ambani moved a step closer to creating an e-commerce giant for India, unveiling plans to set up a $24 billion digital-services holding company that would become the main vehicle in his ambition to dominate the country’s internet shopping space. RIL board approved a proposal to plow Rs 1.08 lakh crore ($15 billion) which will in turn invest in Jio.

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