Amazon cuts India deal to return products to website
6 years, 1 month ago

Amazon cuts India deal to return products to website

Live Mint  

Amazon.com Inc. resurrected thousands of suspended product listings in India by selling much of its stake in top local venture partner Cloudtail, a hastily arranged deal intended to comply with stringent new e-commerce regulations that upended the market. The Amazon entity sold 25% of its shares to Prione Business Services Pvt, a company run by billionaire Narayana Murthy’s Catamaran Advisors LLP. Amazon’s deal with Catamaran’s Prione complies with that latter rule, the people said, as Amazon’s Indian entity, the marketplace called Amazon Seller Services Pvt, has no direct relation to Prione whose stake is held by a Singapore-based Amazon entity. Despite Cloudtail’s return to Amazon.in, thousands of products remain missing from the virtual shelves of Amazon and Flipkart, which together account for 70% of India’s online retail market. Amazon Retail India Pvt, the food retailing unit of the Seattle giant, was deemed compliant with India’s laws, which allow 100 percent foreign investment in food retailing.

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History of this topic

Amazon Web Services to invest $8.2 billion in India in the next 4-5 years: IT minister Ashwini Vaishnaw
3 weeks, 4 days ago

Amazon Web Services to invest $8.2 billion in India in the next 4-5 years: IT minister Ashwini Vaishnaw

India Today  

Amazon Web Services, Amazon’s cloud computing arm, is planning to invest approximately $8.2 billion in Maharashtra over the coming years, the Ministry of Electronics and Information Technology announced on Monday. At its annual Smbhav event in December 2024, Amazon India’s country manager Samir Kumar announced that in four years, Amazon would be able to “digitise 10 million small businesses”, and …

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter
1 month, 3 weeks ago

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter

The Hindu  

Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter. During a call with analysts on Thursday, Amazon CEO Andy Jassy said capital expenditures for the quarter came out to $26.3 billion, most of which was geared towards AI and AWS. “I …

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter
1 month, 3 weeks ago

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter

Associated Press  

Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter. During a call with analysts on Thursday, Amazon CEO Andy Jassy said capital expenditures for the quarter came out to $26.3 billion, most of which was geared towards AI and AWS. “I …

Amazon, king of online retail, can’t seem to make its physical stores work
1 month, 3 weeks ago

Amazon, king of online retail, can’t seem to make its physical stores work

Live Mint  

Amazon.com, the largest e-commerce retailer in the U.S., is stumbling in its efforts to compete in the bricks-and-mortar world. After a decadelong experiment with bricks-and-mortar stores, Amazon’s dominance online has yet to translate into a successful strategy for connecting with shoppers in the real world, retail brokers and landlords said. “Running warehouses and shipping stuff efficiently is not the same …

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery
3 months, 2 weeks ago

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery

The Hindu  

Amazon will begin trials for quick commerce operations in India that would see the U.S. e-commerce giant deliver grocery items in 15 minutes or less, it said on Tuesday. Quick commerce is catching up in India, with companies like Zomato's Blinkit and SoftBank-backed Swiggy's Instamart promising deliveries of goods from groceries to electronics as quickly as 10 minutes, challenging e-commerce …

Amazon-backed More Retail plans expansion of supermarkets in India
4 months, 2 weeks ago

Amazon-backed More Retail plans expansion of supermarkets in India

Live Mint  

Private equity firm Samara Capital- and Amazon.com Inc.-backed supermarket retailer More Retail Pvt. Ltd will step up expansion of small format daily needs stores and continue to use its existing network of stores to fulfill online retailer Amazon’s Fresh delivery business. “The acquisition by Amazon was made with this in mind—we’ll build a hybrid model, we'll scale it across India, …

Flipkart, Amazon under scrutiny for foreign investment violations: Report
Trending News
4 months, 2 weeks ago

Flipkart, Amazon under scrutiny for foreign investment violations: Report

India Today  

The government is planning to summon executives from Flipkart and Amazon as part of a deeper investigation into possible violations of foreign investment rules, reported news agency Reuters. The action highlights the rising regulatory scrutiny faced by Walmart-owned Flipkart and Amazon, both of which are experiencing rapid growth in India’s Rs 70 billion e-commerce market. Following last week’s raids on …

Amazon eyes $5 billion in sales from Indian exporters this year in bid to move away from China sourcing
6 months, 3 weeks ago

Amazon eyes $5 billion in sales from Indian exporters this year in bid to move away from China sourcing

Live Mint  

Amazon Inc intends to help Indian exporters sell $5 billion worth of small-ticket items through its platform this year in the United States and Britain, compared to almost $3 billion in 2023, Reuters reported on Thursday, quoting a company official. Under Amazon's Global Selling programme, launched in 2015, nearly 1.5 lakh small Indian exporters are expected to sell their products …

Amazon at 30: From online bookseller to two-trillion-dollar tech giant
8 months, 3 weeks ago

Amazon at 30: From online bookseller to two-trillion-dollar tech giant

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Seattle-based firm is now also established as a leading technology company through the Alexa virtual assistant …

Amazon intends to invest $15 billion more in India, says CEO Andy Jassy
1 year, 9 months ago

Amazon intends to invest $15 billion more in India, says CEO Andy Jassy

The Hindu  

E-commerce giant Amazon plans to invest $15 billion more in India, taking its total investment in the country to $26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the U.S., Amazon CEO Andy Jassy said the company has already invested $11 billion in India till date. pic.twitter.com/1JFo0oqAZz — PMO India June 23, …

Amazon lays off 500 employees in India: Reports
1 year, 10 months ago

Amazon lays off 500 employees in India: Reports

Hindustan Times  

According to reports, Amazon has laid off around 500 employees in India, with their termination coming as part of the 9,000 global job cuts announced by CEO Andy Jassy in March. The India layoffs have been carried out across verticals such as Amazon Web Services, Human Resources, reports said citing people familiar with developments. Amazon Digital Kendras shut down As …

Amazon Business continues to empower MSMEs in Hyderabad
1 year, 11 months ago

Amazon Business continues to empower MSMEs in Hyderabad

Deccan Chronicle  

HYDERABAD: Wholesale online store Amazon Business continues to act as a one stop destination for business customers in Hyderabad with about 6.5 lakh sellers on the platform and more than 16 crore GST enabled products, the largest selection in India. According to a press release, Amazon Business, which was started in 2017, has seen an upward trajectory with a 12% …

Amazon India to lay off around 1,000 staff
2 years, 2 months ago

Amazon India to lay off around 1,000 staff

Live Mint  

E-commerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe. The e-commerce company Amazon has announced the lay-off of over 18,000 roles across the globe due to uncertain economic conditions. "The decision to eliminate 18,000 job roles across the globe will impact about 1,000 employees in India," the …

Amazon beats a retreat as India’s ONDC broadens its horizons
2 years, 3 months ago

Amazon beats a retreat as India’s ONDC broadens its horizons

The Hindu  

Amazon is reworking its plans. In January 2020, at a conference in New Delhi, then Amazon CEO Jeff Bezos, and head of Amazon India, Amit Agarwal, said the retail giant will pump in a billion dollars to help the country’s small and medium-sized businesses. Amazon’s shift in investment and retreat from wholesale distribution comes at a time when India’s own …

Amid Global Cuts, Amazon To Wind Down Parts Of Indian Operations, Fire Hundreds: Report
2 years, 4 months ago

Amid Global Cuts, Amazon To Wind Down Parts Of Indian Operations, Fire Hundreds: Report

ABP News  

New Delhi: After shutting down of edtech and food delivery verticals, US giant Amazon on Monday decided to shut down a portion of its operations in India, reported Bloomberg. Amazon has announced that its Amazon Academy learning platform, which provided students vying for admission to India's medical and engineering schools with online resources for test preparation, will cease operations in …

Amazon Inc. shuts down wholesale distribution unit; its third business closure in India
2 years, 4 months ago

Amazon Inc. shuts down wholesale distribution unit; its third business closure in India

The Hindu  

Amazon is shutting down Amazon Distribution, the company’s wholesale e-commerce website that caters to small neighbourhood stores in India. Amazon Distribution, the wholesale e-commerce website, is being discontinued as part of the annual operating planning review process, an Amazon spokesperson told The Hindu. “We remain committed to India and will continue to invest across those areas where we can bring …

After mass layoffs, Amazon now shuts wholesale distribution business in India
2 years, 4 months ago

After mass layoffs, Amazon now shuts wholesale distribution business in India

India TV News  

Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India. The company earlier shut down its food delivery and online learning platform called Academy in India. Last week, Amazon said it is shutting down its food delivery business in India, a …

Amazon to shut down food-delivery business in India
2 years, 4 months ago

Amazon to shut down food-delivery business in India

The Hindu  

Amazon Inc will shut down a food-delivery business it was testing in India, the e-commerce giant said on Friday, a day after it announced the winding down of its online learning platform for high-school students in the country. "As part of our annual operating planning review process, we have made the decision to discontinue Amazon Food," a company spokesperson told …

Meta-backed Meesho is beating Amazon, Walmart in race for Indian shoppers
2 years, 5 months ago

Meta-backed Meesho is beating Amazon, Walmart in race for Indian shoppers

Live Mint  

An upstart e-commerce service is winning more new shoppers in India than Amazon.com Inc. and Walmart Inc.’s Flipkart, posing a challenge to the U.S. retailing titans, which have plowed billions of dollars into the world’s biggest untapped digital market. Bengaluru-based Meesho is leading the burgeoning social-commerce sector, allowing users to sell items by sharing product listings with friends via Meta …

An opportunity for India Inc
2 years, 6 months ago

An opportunity for India Inc

The Hindu  

We live in an age when businessmen command considerable influence in society. India’s stock markets are now in an explosive phase of growth and start-ups are reaping huge funds without any credible record of performance, largely on the trust of retail investors. India’s SME sector needs to modernise itself with the help of digital technology, professional management and better scale …

Amazon cuts selling fee for new sellers by 50%
2 years, 6 months ago

Amazon cuts selling fee for new sellers by 50%

Deccan Chronicle  

Chennai: In order to attract more sellers on its platform during the festive season, Amazon India has cut the selling fee for new sellers by half. All new sellers registering on Amazon between August 28 and October 26 and launching sales within 90 days from date of registration shall be eligible for a 50 per cent waiver on their selling …

Amazon doubles cumulative export target from India to $20 billion by 2025
2 years, 10 months ago

Amazon doubles cumulative export target from India to $20 billion by 2025

The Hindu  

E-commerce giant Amazon on Wednesday said it is doubling the target for cumulative exports by Indian exporters to $20 billion by 2025, via its platform. The U.S.-headquartered firm’s founder and CEO Jeff Bezos had in January 2020 announced that the company would enable cumulative exports of $10 billion worth “make-in-India” goods by 2025. “Cumulative exports by Indian exporters on the …

Amazon results and outlook fall short as warehouse, fuel costs soar
2 years, 10 months ago

Amazon results and outlook fall short as warehouse, fuel costs soar

The Hindu  

Amazon.com Inc delivered a disappointing quarter and outlook on Thursday as the e-commerce giant was swamped by higher costs to run its warehouses and deliver packages to customers. Still, there were bright spots, like Amazon Web Services, the division that new CEO Andy Jassy ran before taking the company's top job last year. Inflation hits Amazon Net sales were $116.4 …

India’s Future Group’s shares surge on suspension of Amazon deal
3 years, 3 months ago

India’s Future Group’s shares surge on suspension of Amazon deal

Al Jazeera  

Shares of India’s Future Group companies have surged about 20 percent after the country’s antitrust agency suspended Amazon.com Inc’s 2019 deal with the group, potentially making it easier for Reliance Retail to buy Future’s retail business. The shares soared on Monday after the regulator’s ruling on Friday that the US e-commerce giant suppressed information while seeking regulatory approval two years …

Amazon spends Rs 8,546 cr in legal expenses during 2018-20 to maintain presence in India: Report
3 years, 6 months ago

Amazon spends Rs 8,546 cr in legal expenses during 2018-20 to maintain presence in India: Report

Firstpost  

Amazon is locked in a legal tussle over the takeover of Future Group and is facing a probe by the Competition Commission of India. US e-commerce giant Amazon, which is said to be investigating alleged bribes paid by its legal representatives in India, spent a staggering Rs 8,546 crore or $1.2 billion in legal expenses for maintaining a presence in …

Big win for Amazon over rival Reliance in India top court battle
3 years, 7 months ago

Big win for Amazon over rival Reliance in India top court battle

Al Jazeera  

India’s Supreme Court blocks $3.4-bn deal struck by Reliance as battle to dominate country’s retail sector intensifies. US e-commerce giant Amazon has won a major legal victory in India as the country’s top court blocks a $3.4bn deal struck by domestic rival Reliance. Amazon, Walmart-backed Flipkart and Reliance, owned by Asia’s richest man Mukesh Ambani, are locked in a titanic …

Jeff Bezos’s Amazon just won in a major battle with Mukesh Ambani’s Reliance
3 years, 7 months ago

Jeff Bezos’s Amazon just won in a major battle with Mukesh Ambani’s Reliance

CNN  

New Delhi CNN Business — India’s top court has handed Amazon a major victory in its fight with Reliance Industries for the country’s growing e-commerce market. On Friday, the Supreme Court of India ruled in favor of the American company’s efforts to stop its rival Reliance from buying Future Retail, a local, cash-strapped retailer. Future Group had raised questions about …

Amazon, Tata say Indian govt e-commerce rules will hit businesses
3 years, 8 months ago

Amazon, Tata say Indian govt e-commerce rules will hit businesses

The Hindu  

Amazon.com Inc and India's Tata Group warned government officials on Saturday that plans for tougher rules for online retailers would have a major impact on their business models, four sources familiar with the discussions told Reuters. The government's tough new e-commerce rules announced on June 21 aimed at strengthening protection for consumers, caused concern among the country's online retailers, notably …

Amazon to host small business days 2021 from July 2 to 4
3 years, 9 months ago

Amazon to host small business days 2021 from July 2 to 4

India TV News  

E-commerce major Amazon on Wednesday said it will host 'Small Business Days 2021' from July 2-4, 2021, as part of efforts to enable sellers to bounce back from the economic disruption caused by COVID-19 and support the local economy. Congratulate Amazon to generate customer demand "It is important to accelerate the growth of MSMEs especially after the disruptions caused by …

As Amazon Hits India’s Job Market & Small Businesses, Need of the Hour is to Rein in the Corporate Giant
3 years, 9 months ago

As Amazon Hits India’s Job Market & Small Businesses, Need of the Hour is to Rein in the Corporate Giant

News 18  

Never in India’s history have the micro and small sector been under such a sustained attack for so long. What is amazing in all of this is, that not only is this the same segment of job creators who have been forced to pick up the highest tab in the governments demonetisation and GST implementation, but also the ones whose …

Amazon to overtake Walmart as America’s biggest retailer in 2022
3 years, 9 months ago

Amazon to overtake Walmart as America’s biggest retailer in 2022

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy E-commerce giant Amazon is …

Amazon announces $250 million fund to digitise small businesses in India
3 years, 11 months ago

Amazon announces $250 million fund to digitise small businesses in India

India Today  

Amazon.com Inc on Thursday announced a $250 million venture fund for India, focused on bringing the country's small businesses online, as the company comes under fire from local retailers. "We are very passionate about trying to enable acceleration of small and medium-sized businesses, in fuelling innovation and the economy in India," the company's incoming CEO Andy Jassy said at Amazon …

India’s small merchants take on Amazon with protest meeting
3 years, 11 months ago

India’s small merchants take on Amazon with protest meeting

Live Mint  

Hundreds of thousands of small Indian businesses are planning to protest against large foreign retailers like Amazon.com Inc. in an event on Thursday that coincides with the US e-commerce giant’s annual seller jamboree in the South Asian nation, a sign of escalating tensions in the retail market of 1.3 billion people. The trader groups’ event is named Asmbhav, or “impossible” …

New Indian e-com policy may change your Flipkart, Amazon shopping experience
4 years ago

New Indian e-com policy may change your Flipkart, Amazon shopping experience

India Today  

The Indian government is drafting a new policy for e-commerce retailers in India that will require Amazon, Flipkart and others to treat sellers equally. Notably, the new e-commerce policy will apply to Amazon, Flipkart and all other online retailers that follow a similar model. New e-commerce policy: What it could mean for various Amazon and Flipkart sales While the new …

Amazon infuses ₹225 crore into payments unit Amazon Pay in India
4 years ago

Amazon infuses ₹225 crore into payments unit Amazon Pay in India

The Hindu  

Amazon has infused over ₹225 crore into its payments unit in India, Amazon Pay, according to regulatory documents. aggregating to ₹225 crore to the existing shareholder on rights basis”, regulatory documents sourced by business intelligence platform Tofler showed. In January last year, Amazon founder Jeff Bezos had announced $1 billion incremental investment in India to help bring small and medium …

Indian mobile retailers call for Amazon probe, cap on online smartphone sales
4 years ago

Indian mobile retailers call for Amazon probe, cap on online smartphone sales

The Hindu  

An Indian trade group representing 150,000 mobile phone stores on Monday urged Prime Minister Narendra Modi to investigate Amazon's business practices in the country and impose a daily cap on a single seller's online smartphone sales. In a letter sent to Modi, the group cited a Reuters special report published last month that revealed Amazon has for years given preferential …

Amazon Documents Reveal Company's Secret Strategy to Dodge India's Regulators
4 years, 1 month ago

Amazon Documents Reveal Company's Secret Strategy to Dodge India's Regulators

News 18  

It was early 2019, and senior Amazon.com executive Jay Carney was preparing for an important meeting. That information, the note advised, was “Sensitive/not for disclosure.” Other company documents reveal equally touchy information: Two more sellers on the e-commerce giant’s India platform – merchants in which Amazon had indirect equity stakes – accounted for around 35 percent of the platform’s sales …

CAIT seeks ban on Amazon in India
4 years, 1 month ago

CAIT seeks ban on Amazon in India

The Hindu  

A leading group of Indian retailers on Wednesday urged the government to ban the local operations of Amazon.com Inc, after Reuters reported the U.S. e-commerce giant has for years given preferential treatment to a small group of sellers on its India platform and used them to circumvent the country's strict foreign investment regulations. In a statement, the Confederation of All …

Amazon documents reveal secret strategy to dodge India’s regulators
4 years, 1 month ago

Amazon documents reveal secret strategy to dodge India’s regulators

The Hindu  

It was early 2019, and senior Amazon.com Inc executive Jay Carney was preparing for an important meeting. Other company documents reveal equally touchy information: Two more sellers on the e-commerce giant’s India platform — merchants in which Amazon had indirect equity stakes — accounted for around 35% of the platform’s sales revenue in early 2019. ‘No preferential treatment’ Amazon "does …

Documents Reveal Amazon's Secret Strategy to Dodge Indian Regulators after Govt Eased FDI Norms
4 years, 1 month ago

Documents Reveal Amazon's Secret Strategy to Dodge Indian Regulators after Govt Eased FDI Norms

News 18  

It was early 2019, and senior Amazon.com Inc executive Jay Carney was preparing for an important meeting. That information, the note advised, was “Sensitive/not for disclosure.” Other company documents reveal equally touchy information: Two more sellers on the e-commerce giant’s India platform – merchants in which Amazon had indirect equity stakes – accounted for around 35% of the platform’s sales …

Amazon’s Retail Side Won’t Be a Side Hustle
4 years, 1 month ago

Amazon’s Retail Side Won’t Be a Side Hustle

Live Mint  

Amazon.com’s new boss may come from the cloud. Amazon announced earlier this week that Andy Jassy, current chief executive of the company’s AWS cloud division, will be running the whole company by the third quarter of this year. Consider that Amazon’s direct retail revenue from its online and physical stores, plus its third-party selling services, exceeded $294 billion last year—more …

Amazon-Future tussle: Here's all you need to know
4 years, 1 month ago

Amazon-Future tussle: Here's all you need to know

Hindustan Times  

India's retail giant Kishore Biyani's Future Retail is stuck in a long-standing tussle with the US tech giant Amazon. Amazon has been blocking a deal worth $3.4 billion between Future Group and Reliance Retail alleging that the transaction between the two Indian majors violates the terms of its earlier contract with Future. > Amid the unprecedented challenges of Covid-19, Future …

Hearing of Flipkart, Amazon case resumes
4 years, 2 months ago

Hearing of Flipkart, Amazon case resumes

Live Mint  

Karnataka high court on Monday said it will begin daily hearing of the case between the Competition Commission of India and India’s two biggest online retailers Flipkart and Amazon on Wednesday, two people aware of the development said. CCI had approached the high court in December to vacate a stay issued by the court in February 2020 on a probe …

CAIT Says Amazon's Arbitrary Policies to Dominate India's Retail Trade Should End
4 years, 3 months ago

CAIT Says Amazon's Arbitrary Policies to Dominate India's Retail Trade Should End

News 18  

Trader’s body CAIT on Monday said Amazon’s “manipulative, coercive, arbitrary and dictatorial policies” to dominate India’s retail trade should come to an end, hours after the Delhi High Court passed an order related to Future Group’s proposed asset sale to Reliance Retail, a deal that is being opposed by Amazon. The court rejected Future Retail Ltd’s plea for an interim …

Battle of billionaires: India regulators to decide Future’s fate
4 years, 3 months ago

Battle of billionaires: India regulators to decide Future’s fate

Al Jazeera  

If the deal with Reliance goes ahead, it will delay Amazon’s goal of capturing India’s groceries market, which is forecast to be worth $740bn per year by 2024. If the deal with Reliance goes ahead, it will delay Amazon’s goal of capturing India’s massive groceries market that Forrester Research estimates will be worth $740bn a year by 2024. “There have …

CAIT Asks ED to Take Strict Action Against Amazon for Causing 'Misery' to Small Traders
4 years, 3 months ago

CAIT Asks ED to Take Strict Action Against Amazon for Causing 'Misery' to Small Traders

News 18  

The Confederation of All India Traders has written to the Enforcement Directorate with all the necessary details to prove that Amazon in India in 2012, over severe violations of rules and regulations of the country and causing misery to crores of small traders who are sought to be protected by the FDI Policy and the FEMA Rules and Regulations. “We …

Amazon: 69% of people think trillion-dollar company is ‘too powerful’
4 years, 4 months ago

Amazon: 69% of people think trillion-dollar company is ‘too powerful’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. A leaked email from an internal meeting of Amazon …

Amazon takes on India giant Reliance in court fight over retailer
4 years, 4 months ago

Amazon takes on India giant Reliance in court fight over retailer

Al Jazeera  

The legal tussle between the e-commerce giants pits two of the world’s richest men, Jeff Bezos and Mukesh Ambani, against one another. A lawyer for Future, in his argument, painted Amazon as the “Big Brother in America” out to crush a small local company, while a retailer lobby group declared its “support to Indian company Future Group in its fight …

Amazon set for face-off with Mukesh Ambani’s RIL for India retail dominance
4 years, 5 months ago

Amazon set for face-off with Mukesh Ambani’s RIL for India retail dominance

Live Mint  

Amazon.com Inc. and Mukesh Ambani’s Reliance Industries Ltd.’s fight for dominance of India’s lucrative e-commerce space is turning into a face-off, with both sides battling over the assets of a supermarket chain that could be key to their wider ambitions. Reliance intends to purchase Future Retail’s assets “without any delay,” the conglomerate’s unit said in a statement late Sunday, after …

Over 1 Lakh Local Shops, Kirana Stores to Take Part in Amazon's 'Great Indian Festival' Sales
4 years, 5 months ago

Over 1 Lakh Local Shops, Kirana Stores to Take Part in Amazon's 'Great Indian Festival' Sales

News 18  

Amazon India on Sunday said it has enabled over one lakh local shops, kiranas and neighbourhood stores across the country through its various initiatives, a move that will help serve more customers 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” for the first time, …

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