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Google in advanced talks to invest $4 billion in Ambani's Jio?

Google has pledged $10 billion in India over the next five to seven years with the aim of consolidating its position in the digital ec ...
The Economic Times
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| 14 July, 2020, 04:06 PM IST | E-Paper
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    Amazon India's unit gets $308 mln in fresh funds from parent

    The company's Indian arm in May said it would hire 50,000 temporary workers to meet a surge in online shopping in the country.

    Free run for e-commerce in green & orange zones

    Big online retailers typically draw over 90% of sales from non-essential items such as smartp...

    E-commerce firms welcome Centre’s move to partially allow sale of non-essentials

    The MHA’s latest notification of Lockdown 3.0 will permit th...

    • The committee is supposed to submit its report to Parliament in the upcoming Monsoon session, and according to officials, it has reached out to companies, academics, and lobby group Nasscom over the landmark Bill.

      Grocery space, once considered the toughest segment to enter, is changing. While private labels are paying off for startups, Kiranas are now open to digital payments. Consumers are preferring to buy lower-cost alternatives to tried and tested brands as spending is hit due to the uncertainty surrounding the economy in the wake of the Covid-19 pandemic, experts said.

      ​​ The traders' body, which had in the past bitterly opposed foreign e-tailers such as Amazon, accusing them of killing small businesses with deep discounts, said it has never opposed e-commerce and had only propagated adoption of e-commerce by traders as an additional business avenue. he statement comes days after Facebook invested Rs 43,574 crore in Reliance Industries' Jio Platforms Ltd.

      The govt should make it mandatory for e-commerce firms like Flipkart and Amazon to mention the country of manufacture or origin of a product on their platforms so that people can identify if they are made in China.

      While supply chain disruptions have wreaked havoc with established organised trade, a small bunch of niche enterprises selling organic vegetables and fruits have suddenly seen their sales rise exponentially.

      For Walmart-owned Flipkart and Amazon, daily deliveries are down to around 10% of what they were prior to the lockdown, while the gross merchandise value (GMV) of products they sell has fallen to around 5% of what it was a month ago, top executives told ET.

      The 12 million strong Kirana stores of India offer ubiquitous and fast delivery of goods across the country.

      The comments came after the government allowed neighbourhood and standalone shops, including those located in residential complexes in urban areas, to open (at 50 per cent strength and after taking necessary precautions) during the ongoing lockdown till May 3. In rural areas, all shops, except those in shopping malls, are allowed to open.

      Amazon in a statement said that e-commerce offers the safest way to service the needs of consumers while ensuring social distancing and urged the government to allow online firms to sell all products. Flipkart on the other hand said that there was a need to meet consumer demands for items that enable consumers to work from home.

      According to the IPS report, eight of these billionaires including Bezos, Zoom Video Communications Inc founder Eric Yuan and Musk saw a $1-billion jump in their total net worth.

      In March, salaries were paid to frontline staff and middle management executives across essential and non-essential businesses. “April salaries are under discussion, but whatever the decision, frontline staff in stores across the board will be paid,” said a person in the know of developments.

      ​​Then in 2017, an Amazon executive sent around a congratulatory email lauding his team for landing $40 million in government incentives to build a $1.5 billion air hub near Cincinnati. The paltry sum irked Bezos, the people say, and made him even more determined to try something new.

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