Business – Page 43

The State January 18, 2020 0 Comments Grocery, Jeff bezos, Mumbai, Pick up partner, Vile parley

Mumbai / world’s richest person Jeff Bezos arrives at grocery store, delivers delivery to customer

Amazon to invest Rs 7100 crore in India
Bezos, the founder and CEO of Amazon, made two announcements about India at ‘Amazon Sambhav’, an event for small-medium businesses in Delhi on Wednesday, saying that by 2025, Amazon was worth $ 10 billion (Rs 71 thousand crore). Make in India will export products. With this, one billion dollars (Rs 7,100 crore) will be invested to digitize one crore small and medium businesses in India, to further increase their reach to customers. Bezos also cited the reason for this announcement. He said that Amazon was also a small business at some time.

Business The Buzz

Report January 17, 2020 0 Comments Aditya Birla Group, Airtel, Reliance Industries, Tata Teleservices, Telenor, UBS, Yes Bank

Curative petitions rarely admitted, say analysts about Telecom dues

With just one week left for them to pay over Rs 88,600 crore in past dues, Bharti Airtel and Vodafone

Big Story Business India

The State January 17, 2020 0 Comments Economy, India growth rate, UN

Economy / UN estimates India’s GDP growth from 7.6% to 5.7%; 7th agency reduced projection

Central Statistics Office and RBI forecast 5% growth China grew 6.1% in 2019, its lowest in 30 years; Still 1.1%

Big Story Business

Report January 16, 2020 0 Comments Amazon founder, Amazon India, Amazon investment in India, Jeff bezos, SMEs

Amazon’s CEO Jeff Bezos announced investment of $1bn in India

Amazon boss Jeff Bezos has announced a major investment in India, saying the country is a key growth market. Mr

Telcos Pay Part Of Government Dues, RBI Flags Fresh Concern

Big Story Business

Report January 16, 2020 0 Comments AGR, Airtel, Dot, Industry, Supreme Court, Telecom, Vodafone Idea

D-day for Vodafone Idea, Supreme Court rejects Bharti Airtel, Vodafone Idea’s plea to review AGR judgement

NEW DELHI: India’s top court has listed the limited review petitions by telecom companies against the adjusted gross revenue AGR

Big Story Business Maharashtra

The State January 16, 2020 0 Comments Bombay high court, pmc, pmc bank scam, Supreme Court

Supreme Court stays release of PMC Bank accused against the Bombay High Court order

The Supreme Court on Thursday stayed the release of Rakesh and Sarang Wadhawan – prime accused in the PMC Bank scam – from jail to their residence. The order came on Centre’s plea against the Bombay High Court order to the police to release them.

The central government on Thursday moved Supreme Court asking for an urgent hearing in the matter.

Big Story Business

The State January 15, 2020 0 Comments india, Jeff bezos

The 21st century is “going to be the Indian century”, Amazon CEO Jeff Bezos

New Delhi: The 21st century is “going to be the Indian century”, Amazon CEO Jeff Bezos predicted as he announced investments worth over $1 billion to small business in the country. The tech mogul, who is on a three-day visit to the country, also spoke on the “dynamism and energy” in India.

Business

Report January 11, 2020 0 Comments Infosys, Infosys earnings, Infosys profit, Infosys Q3, Infosys Q3 results, Infosys results

Infosys Profit At Rs 4,457 Crore In December Quarter, Beats Estimates

Infosys, the country’s second largest software services company, on Friday reported that its net profit for third quarter (October-December) of current financial year came in at Rs 4,457 crore. That marked an increase 10.9 per cent from profit of Rs 4,019 crore in the previous quarter, Infosys said in a regulatory filing after market hours on Friday. Analysts on average had expected the Bengaluru-headquartered company to earn Rs 4,206 crore, according to Refinitiv data, news agency Reuters reported.