Seeking to grab the top position within a year in the Rs 20,000 crore market, the Reliance-Anil Ambani group (R-Adag) announced its entry into the online retail business.Under the banner of Reliance Money, the new venture would make available a wide variety of products for e-shopping, ranging from financial products such as IPOs, mutual funds, insurance policies and gold coins to items such as apparel, accessories, books, magazines, CDs, DVDs, home appliances and flowers.
Announcing the launch, Reliance Money chief executive officer Sudip Bandyopadhyay said the e- commerce web portal—RelianceMoneyMall.com— would be like a big shopping mall in electronic format where consumers would be able to buy whatever that can be sold online. Asserting that the company was targeting at least 20% market share for the new venture, Bandyopadhyay said the aim is to grab the top position in less than a year
Seeking to grab the top position within a year in the Rs20,000 crore market, the Reliance-Anil Ambani group (R-Adag) announced on Sunday its entry into the online retail business. Under the banner of Reliance Money, the new venture would make available a wide variety of products for e-shopping, ranging from financial products such as IPOs, mutual funds, insurance policies and gold coins to items such as apparel, accessories, books, magazines, CDs, DVDs, home appliances and flowers. Announcing the launch, Reliance Money chief executive officer Sudip Bandyopadhyay said the e- commerce web portal—RelianceMoneyMall.com— would be like a big shopping mall in electronic format where consumers would be able to buy whatever that can be sold online. Asserting that the company was targeting at least 20% market share for the new venture, Bandyopadhyay said the aim is to grab the top position in less than a year
24.11.08
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