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Reliance Industries Launches JioMart to Take on Rivals Amazon and Walmart

Professor of Financial Economics and Part-time Value Investor, Transfin.
Dec 31, 2019 1:16 PM 2 min read

Reliance Industries launches JioMart to take on rivals. Uber and Postmates sue California over gig worker law.



Reliance Industries launches JioMart.

Setting Up Shop: Reliance Industries, in a bid to take on rivals such as Amazon and Walmart, as well as online grocery-specialists such as BigBasket and Grofers, has rolled out its new ventured called JioMart.


Taglined 'India ki nayi dukaan', JioMart is currently available in Navi Mumbai, Thane and Kalyan. JioMart will be an aggregator where it will partner local grocers and equip them with points of sale (PoS) terminals, low interest working capital, inventory management skills, and GST compliance. ET Retail

Uber and Postmates sue California over gig worker law.

Pushback: Ride-hailing company Uber Technologies and courier services provider Postmates have asked a US court to block a California labour law set to go into effect on Wednesday that could force the companies to treat their drivers as full-time employees, arguing the Bill violates the US Constitution.


The complaint, which includes two gig workers as co-plaintiffs, was filed in US District Court on Monday, two days before Assembly Bill 5 (AB-5) is due to go into effect on January 1st. It asks for a preliminary injunction against AB-5 while the lawsuit is under consideration.


The complaint argues that AB-5 violates several clauses in the US and California Constitutions, including equal protection because of how it classifies gig workers for ride-sharing and on-demand delivery companies compared to the exemptions it grants to workers who do “substantively identical work” in more than twenty other industries. Reuters


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