CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With which company Reliance Jio Infocomm launch a new e-commerce platform in the country?
A
Reliance Fresh
B
Reliance Retail
C
Big Bazaar
D
DMart
Explanation: 

Detailed explanation-1: -The National Company Law Tribunal on Monday approved the acquisition of Reliance Infratel Ltd (RITL) by Jio.

Detailed explanation-2: -The conglomerate has integrated thousands of independent sellers into its existing platform JioMart, according to an ET report. Reliance is now building JioMart as a marketplace to compete with the Amazons and Flipkarts of the world.

Detailed explanation-3: -Jio Platforms is an Indian multinational technology company, headquartered in Mumbai. It is a subsidiary of Reliance Industries. Established in 2019, it acts as a holding company for India’s largest mobile network operator Jio and other digital businesses of Reliance.

Detailed explanation-4: -Reliance JIO Infocomm Limited is a Non-govt company, incorporated on 15 Feb, 2007. It’s a public unlisted company and is classified as’company limited by shares’. Company’s authorized capital stands at Rs 7013000.2 lakhs and has 82.88179% paid-up capital which is Rs 5812499.9 lakhs.

There is 1 question to complete.