INDIA New England News
New Delhi– A toughened upcoming ecommerce policy, legal feuds, the imposition of new taxes and widespread anger among the leading retail associations, the road ahead for upcoming Amazon CEO Andy Jassy will not be a smooth one in India when he takes over the reins from Jeff Bezos in the third quarter of this year.
The fact is that just like Bezos, Jassy also treats India as one of the key growth markets.
In 2018, Jassy had said that the Asia-Pacific region has huge potential to write the next growth story for Amazon Web Services (AWS), with India playing a key role in Cloud adoption among both enterprises and the governments.
The SEBI, in its letter of approval, listed a number of conditions in accordance to the Composite Scheme of Arrangement. The regulatory body has also referred to the apprehensions raised by Amazon.
Updated Jan 22, 2021 | 20:11 IST
RIL shares closed 2.37% lower at Rs 2,049.60 apiece on the NSE. Shares of the company have rallied 5.79% in the last one week. Representational image
New Delhi: Reliance Industries Ltd on Friday announced results for Q3. The oil to telecom major reported strong sequential rebound across all the businesses. Reliance posted highest ever consolidated quarterly with net profit at Rs 15,015 crore, up 24.9%. Consolidated quarterly EBITDA went up 12.0% QoQ to a record Rs 26,094 crore.
RIL reported strong 38.2% sequential jump in quarterly EPS to Rs 20.5 per share. Digital Services report recorded high profits with Q3 FY21 EBITDA at Rs 8,942 crore, up 48.4% YoY. Robust recovery seen in Retail performance as EBITDA touched record high of Rs 3,102 crore, up 52.9% QoQ.
SEBI approves Future-Reliance deal - Daijiworld com daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.