Indian billionaire Mukesh Ambani’s Reliance Industries has launched a network of online grocers in 200 towns, in a challenge to Amazon and Walmart’s Flipkart. The national rollout of the online platform called JioMart was announced in a tweet late Saturday. Tapping into WhatsApp—the instant messenger’s owner Facebook just bought a 10% stake in Jio Platforms, the digital arm of the...
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India’s Jio Launches Online Grocery in Challenge to Amazon, Flipkart
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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