Billionaire Mukesh Ambani’s Reliance Industries has bought over distressed bank assets of Vadodara-based Kemrock Industries and Exports Ltd Kemrock of Kalpesh Patel, a plastics and composites maker, through an auction. While RIL did not disclose its winning bid’s…

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Amazon may join its global rivals Google and Facebook in backing one of Indian billionaire Mukesh Ambani’s ventures. The American e-commerce giant is in preliminary talks to acquire a 9.9% stake in Reliance Retail local…