Indian government’s version of Amazon.com helps it save $1 billion
The Government e-Marketplace is also being used to keep Chinese companies away from government contracts after tensions between the neighbours intensified earlier this year amid border clashes. Suppliers must note the country of origin for any goods they sell on GeM, which helps government departments implement Modi govt’s “Make in India” policy.
Amazon India’s Manish Tiwary to get a bigger role, to head seller services
“Gopal Pillai, vice-president, seller services, who relocated to I...
Reliance terms reports of stake sale to Amazon speculative
Amazon was an investor in Future Group, whose retail business was acquired by Reli...
Mention country of origin tag by August 10 or face action: Amazon India tells its sellers
The trade ministry has called for e-commerce sites to name the country of origin beside product listings as Prime Minister Narendra Modi pushes for a self-reliant nation. The govt last month banned 59 Chinese-origin apps and held up Chinese-made goods at ports after a violent border clash between India and China.
Uber investors are pressuring CEO to revamp the self-driving division
When Khosrowshahi assumed Uber’s helm from ousted founder Travis Kalanick in 2017, he inherited a mess of cultural, strategic and financial problems.
Mukesh Ambani's Reliance Industries to offer Amazon $20 bn stake in retail arm, claims Bloomberg report
The news follows a $1 billion investment announced Wednesday by Silver Lake Partners in Reliance Retail, which runs more than 10,000 stores selling apparel, groceries and electronics across India.
Amazon India scraps single-use plastic in packaging across centers
The Indian unit of Amazon.com Inc has eliminated all single-use plastic in its packaging across fulfillment centers in the country, in line with its target to weed out the packaging material by June.
A robot tried to fix value investing and ended up buying Amazon
The strategy of buying stocks that appear cheap relative to their fundamentals has been struggling for more than a decade, but a South Korean money manager reckons its AI-augmented exchange-traded fund is the answer.
Wall St falls as tech sells off again, jobless claims still high
Amazon.com Inc dropped 2.3% and Apple Inc fell 1.6%, making them the biggest drags on the S&P 500 and Nasdaq. Last week, the Nasdaq's losses put the index down 10% from its closing record, confirming a correction began on Sept. 2.
Walmart's Flipkart eyes overseas listing as early as 2021: Sources
"Flipkart is incorporated in Singapore, but listing in the United States, where parent Walmart is headquartered, could give it access to a deeper pool of funds," one of the sources said.
Amazon, Verizon may invest over $4 billion in India's Vodafone Idea: Report
Vodafone Idea, a joint venture between Britain's Vodafone Group Plc and India's Idea Cellular, still owes roughly 500 billion rupees ($6.8 billion) to the Indian government. It is among India's top three telecom firms by subscribers.
Reliance’s market heft becoming liability for Indian stock funds
Reliance’s shares rose 12% to a record last week, lifting the company’s market value past the $200 billion mark, as people familiar said Amazon.com Inc. and KKR & Co. are in talks to buy stakes in its retail business.
Go ahead and call Warren Buffett a snowflake
Snowflake Inc., a fast-growing cloud-software and data-warehousing company, filed an amended offering prospectus Tuesday that revealed Berkshire will buy roughly $250 million of Snowflake shares at its IPO price and an additional 4 million shares from another stockholder.
US startup Lightmatter looking to speed up computing via light
The startup’s technology uses tiny structures called “wave guides” that redirect light. These components do a lot of the work that is usually handled by wires.
Tata Group getting huge digital makeover in ambitious ecommerce push to take on Amazon, Reliance
The Mumbai-based group is stepping up efforts to have a significant presence online. Reliance just finished raising more than $20 billion from investors, including Facebook Inc. and Google, for its digital services platform, while Amazon founder Jeff Bezos has bet $6.5 billion on growth in the world’s second-most populous country.