Reliance Industries Limited (RIL) has diversified from its core petrochemical business into retail through Reliance Retail Limited (RRL). RRL aims to rapidly expand its network of stores across India to compete with street markets and kirana stores. It plans to source products locally and offer very low prices to attract customers used to shopping at streets. RIL's large capital base and experience in project management will help RRL quickly scale operations nationwide. Meanwhile, RIL has also acquired a stake in East India Hotels (EIH) which owns the luxury Oberoi hotel brand. This will help fund EIH's international expansion with RIL as a long-term committed shareholder providing stability to the