Future Group, which had entered into a Rs 24,713-crore deal with billionaire Mukesh Ambani-led Reliance Industries to sell its retail business, has also received large orders from Jio Mart that is helping the retail major chart a strong comeback.
Sales to normalise by January-end, getting orders from Jio Mart: Future Group CEO Kishore Biyani
Biyani said that Future Group - which operates popular retailing formats like Big Bazaar, FBB, Central and Nilgiris - has seen sales touching almost 60 per cent of the pre-COVID levels.
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NEW DELHI: Future Group expects normal sales to return for its retail vertical by the end of January, almost a year after the business was severely hit by pandemic-related disruptions, its founder and Group CEO Kishore Biyani said.
Speaking to PTI, Biyani said that Future Group - which operates popular retailing formats like Big Bazaar, FBB, Central and Nilgiris - has seen sales touching almost 60 per cent of the pre-COVID levels and that business has normalised to a great extent . He added that stocks in the stores are also almost up to 80 per cent of what they were before the pandemic.
টিকা-পানির ব্যবসায় আম্বানিকে টপকে এশিয়ায় নতুন শীর্ষ ধনী bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.
Amazon invested Rs 11,400 crore in India in 2019-20
The investments have been made even though most of the Amazon s business units in India registered losses during the fiscal
PTI | December 30, 2020 | Updated 10:05 IST
Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services had registered losses in FY20 at Rs 5,849.2 crore, Rs 133.2 crore, Rs 1,868.5 crore and Rs 48.1 crore, respectively
US e-commerce giant Amazon has pumped in over Rs 11,400 crore (about $1.5 billion) during FY2019-20 across its marketplace, payments and wholesale business units in India to bolster its position in the country s burgeoning digital commerce market. The investments have been made even though most of the Amazon s business units in India registered losses during the fiscal.
Amazon invests Rs 11,400 crore in India in FY20 hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.