India: Billionaire Mukesh Ambani-led Reliance Industries plans e-commerce foray, smarphones launch this year

India: Billionaire Mukesh Ambani-led Reliance Industries plans e-commerce foray, smarphones launch this year

Mukesh Ambani, Chairman & Managing Director, Reliance Industries

Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) will launch its e-commerce platforms for fashion and electronic devices by the end of the current year, company executives said on the sidelines of a press conference to announce the firm’s second quarter earnings.

It will also launch its own smartphones under the brand name ‘LYF’ as it prepares to launch its fourth-generation (4G) mobile services later this year.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter