Reliance Industries

Reliance Retail enters the quick commerce industry. The key players in this space are Zomato-owned Blinkit, Swiggy Instamart, and Zepto. It has started its commerce service in areas of Bengaluru and Navi Mumbai via its e-commerce platform, JioMart. 

Reliance Industries, India’s largest conglomerate, laid off 42,000 employees in FY24, reducing its workforce to 171,000 for cost-efficiency purposes.

Mukesh Ambani's Reliance Industries has been toppled from its throne, not by a competitor, but by a top government bank, The State Bank of India (SBI), as India's most profitable company.