Mukesh Ambani said - Reliance Retail will provide 10 lakh jobs in three years

-

New Delhi, 24 June 2021 Thursday

Reliance Industries' Reliance Retail will provide more than 1 million jobs in the next three years. Mukesh Ambani made the announcement at the 44th AGM of Reliance on Thursday (June 24, 2021). Reliance Retail will triple in the next 3 to 5 years, he said. Mukesh Ambani said that the company has done well in the retail sector. Last year, it sold 180 million dresses and shoes that could simultaneously cover the entire population of Britain, Germany and Spain.

Retail could be Reliance's growth engine in the next ten years, Goldman Sachs said. Goldman Sachs, the group's global retail brokerage and research firm, said the group's retail business revenue (EBITDA) could grow tenfold in the next ten years. The brokerage firm said that Reliance Industries is fully focused on strengthening its digital capabilities during the deteriorating macro situation. In the coming days, Reliance will strengthen its omnichannel, which is gearing up to deliver its products, including retail, and will be able to capture a large market share.

The brokerage firm said that by fiscal year 2030, the share of organized retail in groceries will increase six-fold from current levels. Of this, 15 per cent will be held by Reliance Industries. Reliance Industries Ltd currently has a 41.5 per cent stake in the organized retail space.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more