DLF posted a net profit of Rs 481 crore in the March quarter

DLF posted a net profit of Rs 481 crore in the March quarter

New Delhi: Realty sector major DLF has posted a consolidated net profit of Rs 480.94 crore in the fourth quarter ended March last financial year. Along with this, DLF has appointed Ashok Tyagi and Devinder Singh as the new Chief Executive Officers (CEOs) of the company. Due to this, the company had a net loss of Rs 1,857.76 crore in the fourth quarter of the previous financial year. 

In the information sent to the stock exchanges, the company said that its total income increased to Rs 1,906.59 crore during the quarter under review, from Rs 1,873.80 crore in the fourth quarter a year ago. In the entire financial year 2020-21, DLF's net profit reached Rs 1,093.61 crore as against the company's net loss of Rs 583.19 crore in the previous financial year 2019-20. The company's total income declined to Rs 5,944.89 crore during the financial year from Rs 6,888.14 crore in the previous financial year. 

The Board of Directors of DLF has appointed Ashok Kumar Tyagi and Devinder Singh as CEO and Whole Time Directors of the company with immediate effect, entrusting them with additional responsibilities. The board of directors has also approved the appointment of Savitri Devi Singh and Anushka Singh as additional directors of the company. However, this would require the approval of the shareholders. Both are daughters of DLF chairman Jeev Singh. 


Amazon India to set up digital centers in various cities to support small industries

Amazon India to set up digital centers in various cities to support small industries

New Delhi: E-commerce company Amazon India is planning to open digital hubs in various cities to connect Micro, Small and Medium Enterprises (MSMEs) with its platform and empower them in online business. These centers will help small industries in their digital business by providing awareness and related facilities about e-commerce and will accelerate their growth.

Pranav Bhasin, Director (MSME, Sales Partner Experience), Amazon India said this. The company has opened a digital center for MSMEs in Surat, Gujarat earlier this month. This center will act as a resource center and will help in meeting the needs of MSMEs as well as solving their problems. Through these centers, the company will provide awareness and understanding about e-commerce, export market information, etc. 

Bhasin said, “We have planned to set up digital centers near clusters of small industries in the country to empower MSMEs in the field of digital business and to address their problems.” However, he did not say that Amazon. In which cities and by when India plans to open such digital centers. It is noteworthy that MSMEs play an important role in the country's economy. It contributes about 30 percent of the total Gross Domestic Product (GDP) and 48 percent of the exports. 

Bhasin said, “We recently opened the first Amazon Digital Center in Surat, Gujarat. This center will cater to all the needs of MSMEs to become digital entrepreneurs. In this, MSMEs will be given all kinds of support in terms of benefits of e-commerce and logistic support, digital marketing, GST and taxation. are MSMEs. These centers will help them in their digital business and accelerate their growth. We have set a target of digitally enabling one crore MSMEs by 2025, including through Amazon Digital Center. 

On benefits to MSMEs from e-commerce, Bhasin said, “From the beginning, we have been focused on digitally empowering MSMEs and other vendors by using technology to connect and reduce operational costs for them. . Our investments in technology and infrastructure have fueled their growth." He said, "It is because of our efforts that today lakhs of small and medium businesses are joining us. 

More than 10 lakh artisans and weavers and over 1.5 lakh local offline stores are working with Amazon through franchisees. More than 70 thousand small manufacturers have now launched global brands and exports have already crossed $3 billion.” He added that Amazon.in has more than 8.5 lakh sellers and more than 90 per cent of them are MSMEs. . More than fifty percent vendors are from small and medium towns like Aligarh in Uttar Pradesh, Angul in Odisha, Idukki in Kerala.