Deals
Billionaire Birla May Follow Amazon Into India E-Commerce
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Kumar Mangalam Birla is the latest billionaire with plans to enter the burgeoning Indian online market that is set to grow sevenfold in four years.
The chairman of the $40 billion Aditya Birla group, which is engaged in businesses from mining and financial services to telecommunications, is open to either acquiring e-retailers or building one from scratch, Birla said in a Nov. 10 interview at his Mumbai corporate headquarters.