Updated Dec 29, 2020 | 16:35 IST
Amazon, which has been locked in a bruising battle for market leadership with Walmart-owned Flipkart, also faces competition from Reliance Industries that has been bolstering its position in the retail segment Amazon invests Rs 11,400 crore in India in FY20 to strengthen its position | Photo Credit: PTI
New Delhi: US e-commerce giant Amazon has pumped in over Rs 11,400 crore (about USD 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 Amazon s business units in India registered losses during the fiscal.
Amazon invests Rs 11,400 cr in India in FY20
Amazon invests Rs 11,400 cr in India in FY20
NEW DELHI: US e-commerce giant Amazon has pumped in over Rs 11,400 crore (about USD 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.
Data analysis from regulatory filings by various Amazon entities showed that Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services saw their losses adding up to Rs 7,899 crore in FY20 as against a loss of Rs 7,014.5 crore in the preceding fiscal.
Telecom services have been disrupted in Punjab after protesting farmers disconnected power supply or cut the fibre of more than 1,450 towers, most of which belong to or are being used by Reliance Jio Infocomm (Jio).
Infosys fastest wealth creator in 25 years, Reliance biggest: Motilal Oswal
Infosys has given outstanding returns to long terms investors, offering a robust price compound annual growth rate (CAGR) of 30 per cent to emerge as the fastest wealth creator between 1995 and 2020
Chitranjan Kumar | December 23, 2020 | Updated 22:54 IST
Infosys was also the fastest wealth multiplier, increasing wealth of the stockholder by 688 times
Infosys, the country s second largest software exporter, has emerged as the fastest wealth creator in the last 25 years. Mukesh Ambani s Reliance Industries turned out to be the biggest wealth creator in this period, according to a report by Motilal Oswal Financial Services.
Updated Dec 23, 2020 | 11:21 IST
Relaunch of Jio s 4G feature phone will be followed up with the launch of its proposed entry-level smartphone, being developed in partnership with Google, later next year. Representational image
New Delhi: Mukesh Ambani-controlled Reliance Industries will relaunch its popular 4G feature phone JioPhone next quarter in order to gain from the work-from-home (WFH) wave, the
Economic Times mentioned in a report. Despite the removal of lockdown, most companies have allowed their employees to work from home in a bid to avoid getting infected by the Covid-19 virus. Schools and collages are also conducting online classes which has led to increased demand for 4G-phones. Consumption of online entertainment contet has also increased due to WFH.