Amazon share price in india

E-commerce giant The company's split-adjusted stock price came into effect after the closing of trading on Friday, June 3. Therefore, Amazon's closing price on June 3 will get divided by 20 in order to accommodate the increased number of shares before June 6. All the investors who had Amazon shares on or before May 27 will be eligible to get the benefit provided by the stock split. A stock split decreases the price of shares and encourages new and small investors to trade. Besides, when any company exercises a stock split, it indicates the well-being of the company's finances. This positive outlook, in turn, attracts and encourages more investors to put their money in the company's stocks. However, the practice of stock splitting does not necessarily cause any changes in the company's valuation and business. It does not affect investors' equities. The splitting of stock simply reduces the unit cost of shares, making it more accessible to investors. According to Kunal Sawhney, CEO of Kalkine Group, stock splits may not bring any fundamental change in the company's business or valuation. It just lowers the unit price of a share. It becomes affordable and helps attract new investors. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not g...

Amazon India, the local arm of American e-commerce giant Amazon—the largest e-retailer in the country by revenues—has maintained its lead over homegrown rival Flipkart, which was acquired by US retailer Walmart in 2018. Amazon Seller Services, which runs the online marketplace for Amazon India, posted INR 162 billion in operating revenues for the financial year (FY) ended March 2021, a 49.3% increase compared to a year-ago period, while the marketplace arm of Flipkart, Flipkart Internet, clocked INR 78 billion in revenue from operations, up 32% over FY 2020. Furthermore, Flipkart Internet widened its losses by 48.8% to INR 28.8 billion compared to the previous year, whereas Amazon slashed its losses by over 18% to INR 47.48 billion from INR 58.49 billion in FY 2020, as per the Economic Times. This is despite the fact that Walmart-owned Flipkart has been able to grab However, Flipkart has had the upper hand in the wholesale business since The wholesale arms of Amazon and Flipkart buy products in bulk from manufacturers and sell them to retailers, neighborhood stores, and small businesses, which include vendors who then sell those items on these marketplaces. Flipkart India, the wholesale unit of Flipkart, saw a 25% surge in revenue from operations to INR 429.4 billion in FY 2021, while it reduced its losses by 22% to INR 24.45 billion over FY 2020. Amazon Wholesale, the wholesale arm of Amazon India, reported a 7% drop in revenue from operations which stood at INR 31.31 bil...

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The Indian Olympic Association (IOA) on Friday approached the Olympic Council of Asia (OCA), seeking an extension of the July 15 deadline for providing details of the country's wrestling squad for the Asian Games after the protesting grapplers requested the Sports Ministry to conduct trials in August. The IOA is required to submit lists of squads of all sporting disciplines to the OCA by July 15 and the apex sports body has already asked all the national federations to submit the final names of their respective selected players by June 30. The protesting wrestlers, including Bajrang Punia, are now keen to compete in the Asian Games trials but need time to be in good physical shape, as they hardly got time to prepare due to their long-drawn protest against Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh. It has been learnt that the wrestlers wrote a letter to Deputy Sports Secretary SPS Tomar on Friday and the ministry official forwarded the request on Saturday to the ad-hoc body that is managing the WFI affairs at the moment. An IOA source confirmed to PTI that the ad-hoc body approached the IOA, which wrote to the OCA, seeking a deadline extension. "Yes we had received the letter that was written by the wrestlers, and accordingly, it was decided that OCA's view can be taken if they are willing to extend the deadline for the wrestlers," the official, who did not wish to be named, said. The ad-hoc body was keen to conduct the trials in the last week of J...

International stocks, by and large, have been in the limelight, enticing enthusiastic investors with their spectacular returns, especially those posted by the U.S. tech giants and global disruptive trends such as meme investing that have made room for speculative gains. Amazon.com Inc. (AMZN) has grown from a humble bookseller that Jeff Bezos started in his garage to the biggest e-commerce company worldwide, complete with web services and advertising business verticals. AMZN has over 200 million Prime members worldwide, and it reported $117 billion in revenue for the first quarter of 2022. Since Amazon’s initial public offering in May 1997, when its share value clocked in at a measly $1.50, it’s grown more than $2,500 a share.Over the past three years alone, AMZN’s price has risen almost 100%. If those numbers have you eager to hitch your wagon to How to Buy Amazon Stock (AMZN) 1. Select a Brokerage An online brokerage is your gateway to Traditionally, investments in U.S. stocks have been made through mutual funds with a U.S. or global focus. In recent times, direct investing has been on the uptick and is facilitated either through an international brokerage firm or through an Indian brokerage firm, which has an affiliation with a U.S. brokerage firm. In either case, the international brokerage firm buys the shares and holds them in an omnibus for the Indian investor. Thus, the custody of these stocks lies with the U.S. broking houses. Further, the direct investment option...

Amazon India, the local arm of American e-commerce giant Amazon—the largest e-retailer in the country by revenues—has maintained its lead over homegrown rival Flipkart, which was acquired by US retailer Walmart in 2018. Amazon Seller Services, which runs the online marketplace for Amazon India, posted INR 162 billion in operating revenues for the financial year (FY) ended March 2021, a 49.3% increase compared to a year-ago period, while the marketplace arm of Flipkart, Flipkart Internet, clocked INR 78 billion in revenue from operations, up 32% over FY 2020. Furthermore, Flipkart Internet widened its losses by 48.8% to INR 28.8 billion compared to the previous year, whereas Amazon slashed its losses by over 18% to INR 47.48 billion from INR 58.49 billion in FY 2020, as per the Economic Times. This is despite the fact that Walmart-owned Flipkart has been able to grab However, Flipkart has had the upper hand in the wholesale business since The wholesale arms of Amazon and Flipkart buy products in bulk from manufacturers and sell them to retailers, neighborhood stores, and small businesses, which include vendors who then sell those items on these marketplaces. Flipkart India, the wholesale unit of Flipkart, saw a 25% surge in revenue from operations to INR 429.4 billion in FY 2021, while it reduced its losses by 22% to INR 24.45 billion over FY 2020. Amazon Wholesale, the wholesale arm of Amazon India, reported a 7% drop in revenue from operations which stood at INR 31.31 bil...

E-commerce giant The company's split-adjusted stock price came into effect after the closing of trading on Friday, June 3. Therefore, Amazon's closing price on June 3 will get divided by 20 in order to accommodate the increased number of shares before June 6. All the investors who had Amazon shares on or before May 27 will be eligible to get the benefit provided by the stock split. A stock split decreases the price of shares and encourages new and small investors to trade. Besides, when any company exercises a stock split, it indicates the well-being of the company's finances. This positive outlook, in turn, attracts and encourages more investors to put their money in the company's stocks. However, the practice of stock splitting does not necessarily cause any changes in the company's valuation and business. It does not affect investors' equities. The splitting of stock simply reduces the unit cost of shares, making it more accessible to investors. According to Kunal Sawhney, CEO of Kalkine Group, stock splits may not bring any fundamental change in the company's business or valuation. It just lowers the unit price of a share. It becomes affordable and helps attract new investors. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not g...

International stocks, by and large, have been in the limelight, enticing enthusiastic investors with their spectacular returns, especially those posted by the U.S. tech giants and global disruptive trends such as meme investing that have made room for speculative gains. Amazon.com Inc. (AMZN) has grown from a humble bookseller that Jeff Bezos started in his garage to the biggest e-commerce company worldwide, complete with web services and advertising business verticals. AMZN has over 200 million Prime members worldwide, and it reported $117 billion in revenue for the first quarter of 2022. Since Amazon’s initial public offering in May 1997, when its share value clocked in at a measly $1.50, it’s grown more than $2,500 a share.Over the past three years alone, AMZN’s price has risen almost 100%. If those numbers have you eager to hitch your wagon to How to Buy Amazon Stock (AMZN) 1. Select a Brokerage An online brokerage is your gateway to Traditionally, investments in U.S. stocks have been made through mutual funds with a U.S. or global focus. In recent times, direct investing has been on the uptick and is facilitated either through an international brokerage firm or through an Indian brokerage firm, which has an affiliation with a U.S. brokerage firm. In either case, the international brokerage firm buys the shares and holds them in an omnibus for the Indian investor. Thus, the custody of these stocks lies with the U.S. broking houses. Further, the direct investment option...

Adjusted close price adjusted for splits and dividend and/or capital gain distributions. Volume Jun 16, 2023 127.71 127.90 125.30 125.49 125.49 84,188,100 Jun 15, 2023 125.21 127.69 124.32 127.11 127.11 60,458,500 Jun 14, 2023 126.70 126.95 124.12 126.42 126.42 52,422,500 Jun 13, 2023 128.12 128.41 125.18 126.66 126.66 50,564,800 Jun 12, 2023 124.02 126.78 123.53 126.57 126.57 51,338,000 Jun 9, 2023 124.08 125.80 123.19 123.43 123.43 51,330,000 Jun 8, 2023 123.01 125.63 122.26 124.25 124.25 62,159,300 Jun 7, 2023 127.01 127.37 120.63 121.23 121.23 95,663,300 Jun 6, 2023 125.07 127.40 125.00 126.61 126.61 45,695,200 Jun 5, 2023 123.36 125.80 123.03 125.30 125.30 47,950,100 Jun 2, 2023 124.92 126.39 124.02 124.25 124.25 61,215,000 Jun 1, 2023 120.69 123.49 119.93 122.77 122.77 54,375,100 May 31, 2023 121.45 122.04 119.17 120.58 120.58 72,800,800 May 30, 2023 122.37 122.92 119.86 121.66 121.66 64,314,800 May 26, 2023 116.04 121.50 116.02 120.11 120.11 96,779,900 May 25, 2023 116.63 116.87 114.31 115.00 115.00 66,496,700 May 24, 2023 115.35 117.34 115.02 116.75 116.75 63,487,900 May 23, 2023 114.27 117.14 113.78 114.99 114.99 67,576,300 May 22, 2023 116.77 116.77 114.25 115.01 115.01 70,741,100 May 19, 2023 118.16 118.31 115.70 116.25 116.25 54,990,200 May 18, 2023 116.69 118.60 116.34 118.15 118.15 73,174,100 May 17, 2023 114.89 115.83 114.22 115.50 115.50 65,655,200 May 16, 2023 111.05 114.79 111.05 113.40 113.40 71,472,900 May 15, 2023 111.15 112.29 109.25 111.20 111.20 53,...

The CBI conducted searches at 25 locations in connection with an FIR registered against 21 BSNL officials, including a former general manager, officials said. The premier investigative agency alleged that the accused officials entered into a conspiracy with a contractor to cheat the government-run Bharat Sanchar Nigam Limited (BSNL). The CBI registered the FIR against officials of BSNL Assam Circle, including a former general manager, deputy general manager, assistant general manager, and chief accounts officer in Jorhat, Sibsagar, Guwahati and other places, they said. The FIR also mentions the name of a private person, officials said.” It was alleged that the contractor was given a work order for laying National Optical Fibre Network Cable through open trenching method at Rs 90,000 per km,” a CBI spokesperson said in a statement on Friday.” It was also alleged that later on, the contractor made different pleas, including no right of way from the owner of private land, to convert the open trenching method to horizontal directional drilling method at Rs 2.30 lakh per km in spite of the provision of the right of way, easement clause in the contract, thereby violated tender clause and caused loss of Rs 22 crore (approximately) to the BSNL,” the official said. After the registration of the FIR recently, the CBI on Friday conducted searches at 25 locations, including the offices and residences of the accused in Assam, Bihar, West Bengal, Odisha, and Haryana, he said. USER CONSE...