"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-05-12T20:31:50Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/05/12/indian-hotels-company-ceo-puneet-chhatwal-pandemic.cnnbusiness"
data-branding-key=""
data-video-slug="indian hotels company ceo puneet chhatwal pandemic"
data-first-publish-slug="indian hotels company ceo puneet chhatwal pandemic"
data-video-tags="asia,communicable disease control,continents and regions,coronavirus,diseases and disorders,health and medical,india,infectious diseases,isolation and quarantine,life forms,microscopic life,public health,south asia,viruses"
data-details="">
Video Ad Feedback
Indian Hotels Company transforms hotels into quarantine centers
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-02-04T17:48:09Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/02/04/serum-institute-of-india-ceo-covid-vaccines.cnnbusiness"
data-branding-key=""
data-video-slug="serum institute of india ceo covid vaccines"
data-first-publish-slug="serum institute of india ceo covid vaccines"
data-video-tags="asia,business and industry sectors,business, economy and trade,communicable disease control,continents and regions,globalization,health and medical,india,pharmaceutical industry,pharmaceuticals,pharmaceuticals and prescription drugs,public health,south asia,trade and development,vaccination and immunization"
data-details="">
Video Ad Feedback
Vaccine manufacturer: Global harmonization of regulation is lacking
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-08-25T16:58:55Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/08/25/india-virtual-reality-graduation-ceremony-university-avatars-lon-orig-mrg.cnn"
data-branding-key=""
data-video-slug="india virtual reality graduation ceremony university avatars lon orig mrg"
data-first-publish-slug="india virtual reality graduation ceremony university avatars lon orig mrg"
data-video-tags="business and industry sectors,business, economy and trade,college students,computer science and information technology,coronavirus,coronavirus pandemic,demographic groups,diseases and disorders,education,education systems and institutions,epidemics and outbreaks,health and medical,higher education,infectious diseases,life forms,microscopic life,population and demographics,public health,society,software and applications,students and student life,technology,virtual reality,viruses"
data-details="">
Video Ad Feedback
University creates student avatars for virtual graduation ceremony
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-12-12T22:37:43Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/12/10/bumble-whitney-wolfe-herd-india-risk-takers-orig.cnn-business"
data-branding-key="risk-takers"
data-video-slug="bumble whitney wolfe herd india risk takers orig"
data-first-publish-slug="bumble whitney wolfe herd india risk takers orig"
data-video-tags="asia,business and industry sectors,business figures,business, economy and trade,computer science and information technology,continents and regions,dating and relationships,india,internet and www,misc people,mobile apps,mobile technology,online dating services,rachel crane,social media,society,software and applications,south asia,technology,whitney wolfe"
data-details="">
Video Ad Feedback
Online dating isn't the norm in India. Bumble wants to change that
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-12-03T22:08:23Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/11/26/india-big-tech-pollution-orig.cnn-business"
data-branding-key="business-evolved"
data-video-slug="india big tech pollution orig"
data-first-publish-slug="india big tech pollution orig"
data-video-tags="agriculture,agriculture, forestry, and commercial fishing,air pollution,alphabet inc,business and industry sectors,business, economy and trade,chemical industry and chemicals,chemicals and environment,companies,environment and natural resources,environmental cleanup and prevention,environmental technology,environmentalism,google inc,microsoft,pollution,technology,toxic and hazardous substances"
data-details="">
Video Ad Feedback
How Big Tech plans to clean up the world's most polluted city
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-07-01T12:34:16Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/06/28/gec-frontier-markets-global-energy-challenge-defterios-pkg-qmb.cnn"
data-branding-key="the-global-energy-challenge"
data-video-slug="gec frontier markets global energy challenge defterios pkg qmb"
data-first-publish-slug="gec frontier markets global energy challenge defterios pkg qmb"
data-video-tags="asia,business, economy and trade,charities and charitable giving,company activities and management,company structure and ownership,continents and regions,entrepreneurship,india,john defterios,misc people,society,south asia,business and industry sectors,cleaning products,consumer products,energy and utilities,environment and natural resources,environmentalism,renewable energy"
data-details="">
Video Ad Feedback
She's helping bring electricity to millions in India
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-06-27T12:15:54Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/06/27/india-oil-sanjiv-singh-powerful-tomorrow-defterios-sot-ctw.cnn"
data-branding-key="powerful-tomorrow"
data-video-slug="india oil sanjiv singh powerful tomorrow defterios sot ctw"
data-first-publish-slug="india oil sanjiv singh powerful tomorrow defterios sot ctw"
data-video-tags="banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,energy and utilities,energy commodities,financial markets and investing,government and public administration,government bodies and offices,heads of government,heads of state,john defterios,misc people,oil and gas industry,oil prices,politics"
data-details="">
Video Ad Feedback
Indian Oil's Singh: More oil suppliers is better for trade
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-07-04T11:50:05Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/07/03/gec-india-defterios-global-energy-challenge-sot.cnn"
data-branding-key="the-global-energy-challenge"
data-video-slug="gec india defterios global energy challenge sot"
data-first-publish-slug="gec india defterios global energy challenge sot"
data-video-tags="asia,business and industry sectors,business, economy and trade,climate change,coal industry,continents and regions,energy and environment,energy and utilities,environment and natural resources,india,john defterios,misc people,pollution,south asia"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-06-17T15:04:11Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/06/17/solar-irrigation-india-khethworks.cnn"
data-branding-key="the-global-energy-challenge"
data-video-slug="solar irrigation india khethworks"
data-first-publish-slug="solar irrigation india khethworks"
data-video-tags="accidents, disasters and safety,agriculture,agriculture irrigation,agriculture, forestry, and commercial fishing,asia,business and industry sectors,business, economy and trade,continents and regions,droughts,energy and utilities,environment and natural resources,environmentalism,farm workers,india,labor and employment,natural disasters,renewable energy,solar energy,south asia,space and astronomy,utilities industry,water and wastewater management,weather,workers and professionals"
data-details="">
Video Ad Feedback
Farmers are using the sun to help water their crops
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-11-27T01:29:39Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/11/26/future-of-india-internet-orig.cnn-business"
data-branding-key=""
data-video-slug="future of india internet orig"
data-first-publish-slug="future of india internet orig"
data-video-tags="asia,continents and regions,india,internet access,internet and www,south asia,technology"
data-details="">
Video Ad Feedback
Why Big Tech is racing to bring the internet to India
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-10-03T19:22:05Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/10/03/india-electric-cars-mahindra-lon-orig.cnn-business"
data-branding-key=""
data-video-slug="india electric cars mahindra lon orig"
data-first-publish-slug="india electric cars mahindra lon orig"
data-video-tags="alternative fuel vehicles,asia,automotive economic indicators,automotive fuels,automotive industry,automotive industry and environment,business and industry sectors,business, economy and trade,companies,continents and regions,electric vehicles,india,mahindra,motor vehicles,south asia"
data-details="">
Video Ad Feedback
The company driving India's electric car revolution
01:25
Now playing
- Source:
CNN Business
Hong KongCNN Business
—
India’s richest man is bringing 7-Eleven to the country, adding the convenience store chain to a sprawling business empire that spans energy, chemicals, retail and telecommunications.
Reliance Retail, the commerce arm of Mukesh Ambani’s conglomerate, announced Thursday that it will open India’s first 7-Eleven stores, just days after the quick-service chain lost its local partner.
The two don’t appear to be wasting any time: Reliance says that the first 7-Eleven store will open in Mumbai on Saturday, just two days away.
“This will be followed by a rapid rollout in key neighborhoods and commercial areas,” with an initial focus on the Greater Mumbai area, Reliance Retail added in a statement. The shops are expected to offer customers drinks and snacks that are customized based on local preferences.
Ambani is India’s richest person, with a net worth of $99.1 billion, according to the Bloomberg Billionaires Index. Isha Ambani, his daughter and a director of Reliance Retail, helped announce the deal.
The announcement came just days after 7-Eleven had pulled out of a deal with another major local retailer.
On Tuesday, Future Retail said that it had come to a mutual agreement with 7-Eleven to call off an existing partnership to develop and operate stores across the country.
In a brief statement, Future Retail said that it “was not able to meet the target of opening stores and payment of franchisee fees” required.
The company has previously said the pandemic has had a “significant adverse impact” on its business operations. Recently, Reliance has had its eye on acquiring Future Retail, though it’s been locked in a fierce legal battle with Amazon
(AMZN) for months over the potential deal.
In August, the Supreme Court of India ruled in favor of Amazon’s efforts to stop the acquisition.
In recent months, Ambani has revealed aggressive ambitions to take on both Amazon and Walmart
(WMT), which dominate online shopping in India. Reliance is building JioMart, an e-commerce platform that could eventually offer everything from electronics and apparel to pharmaceuticals and healthcare.
In a statement Thursday, Isha Ambani said that Reliance Retail was “proud” to team up with 7-Eleven, “among the most iconic global brands in the convenience retail landscape.”
Joe DePinto, CEO of SEI, the owner of 7-Eleven, added in the same statement that the new tie-up would help bring the chain “to millions of Indian consumers.”
“India is the second largest country in the world and has one of the fastest-growing economies,” he said. “It’s an ideal time for the largest convenience retailer in the world to make our entry.”
