As Times Now reported few hours back, Piramal and Reliance Industries will start a joint venture along with SoftBank.
It is still not sure about RIL's presence in the JV, but stakes are high that new in-laws will tie a business knot.
Now big question remains, what will the focus of this yet to be formed JV between Piramal, Ambani and SoftBank. SoftBank is eyeing for a re-entry into India's e-commerce market, while RIL is still playing softly with AJio. Piramal has no existence in that market, as far as I know.
Piramal is a big name in Indian pharma industry, and Reliance can think to tap that market of healthcare in a country with more than 130 cr people.
I am betting on Indian healthcare sector to get a new player. As of now I don't have idea what they are gonna target? e-health ? Wait, first be Reliance confirmed in it!
Update: All hints indicated to fintech JV and SoftBank is already there. No confirmation of Reliance Jio's inclusion in that JV as of now. It should be noted that Jio Money is already afloat from the time of inception of Jio.
It is still not sure about RIL's presence in the JV, but stakes are high that new in-laws will tie a business knot.
Now big question remains, what will the focus of this yet to be formed JV between Piramal, Ambani and SoftBank. SoftBank is eyeing for a re-entry into India's e-commerce market, while RIL is still playing softly with AJio. Piramal has no existence in that market, as far as I know.
Piramal is a big name in Indian pharma industry, and Reliance can think to tap that market of healthcare in a country with more than 130 cr people.
I am betting on Indian healthcare sector to get a new player. As of now I don't have idea what they are gonna target? e-health ? Wait, first be Reliance confirmed in it!
Update: All hints indicated to fintech JV and SoftBank is already there. No confirmation of Reliance Jio's inclusion in that JV as of now. It should be noted that Jio Money is already afloat from the time of inception of Jio.
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