Mukesh Ambani announces launch of e-commerce site
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Just a few days back Indian Govt toughened the rules for e-commerce sites and after the changes during an event on Friday, Mukesh Ambani announced that it is coming up with a new e-commerce site to take on Amazon.com Inc. and Walmart Inc.’s Flipkart in India. Reliance Industries Ltd.'s e-shopping site will give work to 1.2 million retailers and store-owners in Gujarat. The e-commerce market has grown everywhere.