Amazon is reportedly in talks to acquire a stake in Reliance Retail, the retail arm of the conglomerate and the largest retailer in India. According to the Economic Times, the Big Tech major could snap as much as 26 percent of Reliance Retail as it seeks to establish itself in the Indian brick-and-mortar store industry, which is still the dominant way of retail. The Indian conglomerate’s retail division, along with the telecoms business, helped it book a 7-percent increase in net profits for the first quarter of the company’s financial…
