Grocery

Amazon reported strong earnings for the fourth quarter. From $163,200 to nearly $60 million, here’s how the firm paid its executives in 2019.

Amazon beat fourth quarter analyst expectations with diluted EPS of $14.09. In 2019, Amazon’s executives earned between $163,200 and over $50 million. Due to previous equity awards, some executives did not receive stock in 2019. Visit Business Insider’s homepage for more stories. Amazon reported diluted EPS of $14.09 for the fourth quarter of 2020 on … Read more

Amazon’s Bezos to step down as CEO; quarterly revenue tops $100 billion for first time

The transition, slated for the third quarter, will make current cloud computing chief Andy Jassy Amazon’s next chief executive officer. Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first … Read more

Shares of Reliance Industries plunge 6% on disclosure concerns

Shares of Mukesh Ambani-led Reliance Industries (RIL) plunged nearly six per cent — the most since November 2 — after analysts raised concerns over disclosure standards. The country’s most-valuable firm on Friday reported record quarterly profit for the quarter ended December 31, but didn’t disclose gross refining margins (GRM), a key metric to analyse its … Read more

Mukesh Ambani: Mukesh Ambani is under pressure to turn his old-economy conglomerate into a technology titan

Mukesh Ambani spent much of 2020 convincing Facebook Inc., Google and a clutch of Wall Street heavyweights to buy into his vision for one of the world’s most ambitious corporate transformations. Now flush with $27 billion in fresh capital, Asia’s richest man is under pressure to deliver. The 63-year-old Indian tycoon is focused on a … Read more

Pharma, FMCG push hiring activity in India by 24% in September: Naukri.com

Driven by industries like pharma, fast-moving consumer goods, education and IT, hiring activity in India saw a growth of 24 per cent in September compared to the previous month, according to a new report by job portal Naukri on Monday. Further opening up of the economy with unlock measures and increased mobility has led to … Read more

Over 1 lakh local shops, kiranas to facilitate Amazon India’s delivery this festive season

E-commerce major Amazon India on Sunday said it has enabled over one lakh local shops, kiranas and neighbourhood stores across the country through its various initiatives to facilitate delivery of packages this festive season. More than 20,000 offline retailers, kiranas and local shops from ‘Local Shops on Amazon’ programme will participate in ‘Great Indian Festival’ … Read more

Grofers advances IPO lisiting target to 2021-end

Softbank-backed Grofers has advanced its plan to launch an initial public offer by the end of next year after its profitability path zoomed during the lockdown period, a top official of the company said. Grofers co-founder and CEO Albinder Dhindsa told PTI that the company started making operational profit in January and expects to become … Read more