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From The Brink To Recovery, India s Retail Sector Pins Hope On 2021

From the brink to recovery, India s retail sector pins hope on 2021 In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world s wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach USD 1.3 trillion by 2025. PTI December 29, 2020 / 01:32 PM IST V2 Retail: Bennett Coleman & Company sold another 4.5 lakh shares in company at Rs 97.5 per share on the BSE. With an epic battle of billionaires for supremacy in one of the world s most prolific markets and a pandemic-propelled surge in online shopping in the background, India s nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the new year.

From brink to recovery, India s retail sector pins hope on 2021

From brink to recovery, India s retail sector pins hope on 2021 With lockdowns heavily restricting physical store sales and consumers flocking to online mode of shopping, 2020 saw a dramatic shift in consumption behaviour and adoption of the digital medium PTI | December 29, 2020 | Updated 16:01 IST Even as COVID-19 kept retailers on their toes in 2020, some of them were busy making deals With an epic battle of billionaires for supremacy in one of the world s most prolific markets and a pandemic-propelled surge in online shopping in the background, India s nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the new year.

Future Retail informs BSE, NSE about Delhi HC order, says Amazon s attempt to control the company violative of FEMA FDI rules

Representative Image Future Retail informs BSE, NSE about Delhi HC order, says Amazon s attempt to control the company violative of FEMA FDI rules ANI | Updated: Dec 23, 2020 22:18 IST Mumbai (Maharashtra) [India], December 23 (ANI): Future Retail on Wednesday wrote a letter to BSE and NSE regarding Delhi High Court s recent judgement and apprised that Amazon s attempt to control the company is violative of FEMA FDI rules. It also informed stock exchanges that regulators are free to decide Future-Reliance deal as per the law. The letter informed BSE and NSE that the company (Future Retail) has complied with the disclosure requirement under applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by submission of the copy of the court order.

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