Walmart announced layoffs across sourcing, agri-biz & FMCG divisions. More people will have to leave later.
Amazon plans to achieve its goal through a combination of formats including Amazon Fresh and Amazon Pantry and delivery of daily items from brick-andmortar outlets of partner retailers More, Future Group. The long-term goal for Amazon is to turn India into the largest overseas subsidiary for the Seattle-based company.
Jeff Bezos, the Amazon chief is said to be worried about the changing eCommerce rules in India.
“Of all the potential names in the running, talks with most have fizzled out because both sides haven’t been able to reach a consensus on the conditions,” one executive said. Other conditions are non-exclusivity, which means any other company can also be given a franchise to open McDonald’s outlets.
Eye minority stake in Biocon Biologics; unit may be valued at $4 billion, higher than the market cap of Biocon.
Amazon approached Reliance as it wants a toehold in the country’s large brick-and-mortar chains for a long-term.
We’ve gained back share; to focus on ayurveda, premiumisation, rural distribution and e-comm”: Dabur chairman Amit Burman
The youngest chairman of Dabur, Amit Burman said his focus would be to enhance science-based ayurveda products, premiumisation, rural distribution and e-commerce.
Existing investor Aion is getting a partial payout and is likely to roll over $50 million of its $110 million exposure.
The Flipkart CEO said his company was committed to complying with all policies or laws as they evolve.
Industry experts said an association with McDonald’s would be an asset, given the brand’s timeless draw.
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