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Reliance Retail got sizable revenue in FY21 from digital commerce


The digital commerce and merchant partnerships business has gained significant traction in the wake of COVID-induced disruptions and accounted for about 10 per cent of Reliance Retail s FY21 revenue of Rs 1,53,818 crore.
According to the latest annual report of Reliance Industries, the digital commerce and merchant partnerships business contributed nearly 10 per cent of revenues, significantly stepped up from near zero in the preceding year .
Reliance Retail has reported a revenue of Rs 1,53,818 crore and a pre-tax profit of Rs 9,842 crore in FY21.
Describing the growth of the online channel, the company said: Digital commerce gained significant traction in the wake of lockdown/restrictions and is likely to remain buoyant. ....

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Families of RIL employees' who succumbed to COVID to receive salaries for the next five years; shoulder educational expenses of their children


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Reliance Industries (RIL) will provide salaries to the nominee of employees who lost their life due to COVID-19. This support will continue for five years, the company stated in its annual report. Other than that, the company plans to shoulder the educational expenses of the children of the deceased.
RIL stated, “Reliance has put in place a liberal leave policy for employees affected by Covid-19. It is providing financial assistance of up to 3 months’ pay as interest-free salary advance in case of an exigency. In case of the unfortunate demise of an employee, Reliance is providing financial support to the family and committing to shoulder the educational expenses of the children.” ....

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