New Delhi: The Competition Commission of India has given approval to Amazon’s proposal to acquire Catamaran Ventures’ entire stake in Prione Business Services, the joint venture between Infosys co-founder N R Narayana Murthy’s Catamaran Ventures and the US-based e-commerce giant. The anti-trust watchdog in a tweet said, "Commission approves acquisition of Prione Business Services Private Limited by Amazon Asia-Pacific Resources …
T he National Democratic Alliance government has decided to further tighten its regulation of e-commerce, taking on foreign giants such as Amazon and Flipkart-Walmart in particular, with implications for domestic organised retail majors such as Reliance. Specifically, the guidelines noted that 100 per cent FDI under the automatic route is permitted only in a marketplace model of e-commerce, where the …
