ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Residential demand upbeat despite construction cost, interest rate rise; brokerage picks DLF, Oberoi Realty among top 4 bets
  • Copper Set to Post Worst Quarterly Performance in Over 2 Years
  • Maruti Suzuki Brezza 2022: Launch today! Check key highlights; live streaming link here
  • Nothing Phone 1 confirmed to come with Snapdragon 778G+ SoC on July 12 - Know more
  • Ratnamani Metals bonus share: Stock jumps 15%, hits 52-week high ahead of record date
Read in App
Business News » Companies News

Reliance Industries can turn into India's Amazon or Alibaba?

In a comprehensive 100-page report, UBS said RIL can become a market leader in telecom and media, while gaining a significant share in retail/ecommerce. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Reliance Industries can turn into India's Amazon or Alibaba?
RIL posted a net profit of Rs 9,420 crore in the corresponding quarter of 2017-18. PTI

A week after Reliance Industries (RIL) reported a 8.82 per cent rise in consolidated net profit for its third quarter at Rs 10,251 crore, global financial services firm UBS on Thursday said the Mukesh Ambani-led RIL has the true potential to evolve from an integrated energy company into a consumer giant like Amazon or Alibaba.

In a comprehensive 100-page report, UBS said RIL can become a market leader in telecom and media, while gaining a significant share in retail/ecommerce. 

"Its success could be built on an ecosystem or bundling strategy, and a home-court advantage, similar to Alibaba`s success in China, beyond explicit or implicit policy support," noted the report.

RIL posted a net profit of Rs 9,420 crore in the corresponding quarter of 2017-18. The company`s consolidated revenue from operations during the quarter in consideration at Rs 1,60,299 crore jumped a massive 56.38 per cent over Rs 1,02,500 crore earned in the October-December quarter of FY18. 

According to the UBS report, its China Internet analyst, Jerry Liu, has listed some comparables between Alibaba and Reliance such as pursuing an ecosystem or a bundling strategy in a high-growth fragmented retail sector with lower online penetration and home-turf advantage. 

"Similarly, Eric Sheridan, our US internet analyst, thinks Amazon`s core value proposition to customers is its Prime subscription, which offers free shipping and video & music content," the report noted. 

"Our assessment of the capital framework, regulations, business positioning and emerging trends in each of its consumer-facing business indicates RIL can lead in telecom & media and gain significant share in retail/ecommerce," it added. 

The report found another similarity RIL shares with Amazon and Alibaba - an ecosystem strategy. 

"The biggest difference is that the Chinese and American internet platforms do not own telecom networks. 

"But based on the success of Amazon Prime, and similar memberships such as Alibaba`s 88VIP and JD`s Plus in China, we believe bundling of products and services is a tried and true strategy, and this should play to Reliance`s advantage," the report highlighted.

Watch This Zee Business Video

Addressing the "Vibrant Gujarat Global Summit 2019" on January 18, Reliance Industries Chairman and Managing Director Mukesh Ambani announced that Reliance would double its investment and employment numbers over the next decade.

He said Reliance Jio and Reliance Retail would soon launch a new commerce platform for small retailers -- a mega mission which will first be launched in Gujarat and then across the country, urging Prime Minister Narendra Modi to lead a fight against "data colonisation".

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Reliance IndustriesAmazonAlibabaMukesh Ambani
Written By: PTI
Updated: Fri, Jan 25, 2019
10:26 am
PTI
RELATED NEWS
Stocks to buy with Anil Singhvi: Sanjiv Bhasin picks L&T, Bajaj Finance, Mphasis for gains - Here's why Stocks to buy with Anil Singhvi: Sanjiv Bhasin picks L&T, Bajaj Finance, Mphasis for gains - Here's why
Stocks to buy with Anil Singhvi: Sanjiv Bhasin picks L&T, DLF for gains; here is why Stocks to buy with Anil Singhvi: Sanjiv Bhasin picks L&T, DLF for gains; here is why
Nifty50 Composition: Weightage of private banks up nearly 1% in January, while IT down 1.5% MoM; SBI biggest gainer among stocks Nifty50 Composition: Weightage of private banks up nearly 1% in January, while IT down 1.5% MoM; SBI biggest gainer among stocks
RIL Q3 Result: Reliance Industries reports 41.5% jump in December quarter profit - Rs 18,549 crore RIL Q3 Result: Reliance Industries reports 41.5% jump in December quarter profit - Rs 18,549 crore
Paytm shares down 18% on its second trading day after weak debut on bourses Paytm shares down 18% on its second trading day after weak debut on bourses

LATEST NEWS

Byju's lays-off 500 employees; employees contest company's claim, says number is higher

GST Council Meeting Outcome: Big boost for Rakesh Jhunjhunwala's stock as sewage treated water gets exemption from GST

2022 Maruti Suzuki BREZZA: Maruti Suzuki launches New Brezza today, Check price, features, and more

Buy, Sell or Hold: What should investors do with AU Small Finance Bank, MMTC and Aavas Financiers?

Realme GT NEO 3 150W Thor Love and Thunder Limited Edition India launch on July 7 - Check details

Stocks to buy today: MTAR Tech, Apollo Tyres, Minda Industries and Bharti Airtel among list of 20 stocks for profitable trade on June 30

Nothing Phone 1 confirmed to come with Snapdragon 778G+ SoC on July 12 - Know more

Closing Bell: Nifty below 15,800, Sensex ends flat; Metal, IT, auto stocks top losers

Copper Set to Post Worst Quarterly Performance in Over 2 Years

PM Modi inaugurates 'Raising & Accelerating MSME Performance' scheme

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV