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Amazon and Flipkart to Face New Competitor For India’s Online Business

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Mega-etailers Amazon and Walmart-owned Flipkart will soon have to defend their turf against India’s newest online marketplace. Spearheaded by the wealthiest man in Asia, Mukesh Ambani, new startup JioMart is vying for consumers’ wallet share in the world’s second most populous country. Ambani’s Reliance Industries and its two subsidiaries, Reliance Retail and telecom company Reliance…

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