Amazon, Flipkart bring Diwali spirit to Republic Day sales
There will be no change in pricing and discount strategy of cos despite Goyal’s recent remarks. Discounts during the ongoing Republic Day and Great Indian sales on Flipkart and Amazon, respectively, will be similar to that last year
Flipkart’s ex-CTO allies with entrepreneur Raj Vattikuti to start credit firm
The duo has seeded the venture, DAVINTA, with Rs 140 crore of p...
View: Our problem is not predatory pricing but the predatory state
The popular narrative on predatory pricing is simple, and thus attractive....
Amazon promises 1 million new jobs in India amid tensions with government
Amazon.com Inc chief Jeff Bezos had on Wednesday announced USD 1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online and committed to exporting USD 10 billion worth of India-made goods by 2025. "We are investing to create a million new jobs here in India over the next five years," Bezos said.
How worried should Amazon's Jeff Bezos be about India?
How worried should the Amazon boss be? Things will be clear after Ambani takes his JioMart live.
All foreign investments must adhere to law of the land: Piyush Goyal on Amazon row
Speaking at the Raisina Dialogue 2020 in New Delhi, Goyal had on Thursday said that Amazon is not doing a favour to India when they invest a billion dollars in the country.
After India's Amazon snub, BJP slams Jeff Bezos-owned Washington Post
Vijay Chauthaiwale, the chief of the BJP's foreign affairs department, said there was "a lot of problem" with the newspaper's coverage of India, but did not give any specific examples.
Remarks on Amazon won't send wrong signal to investors: Piyush Goyal
“Not at all,” he told ET when asked if his statement would send a wrong signal to global investors. India welcomes, values and respects foreign investment, Commerce and industry minister Piyush Goyal added. The minister restated that it is expected that large companies will respect the law of land.
Flipkart piloting fresh fruits & vegetables delivery in Hyderabad
In December, Flipkart and its US-based parent jointly invested an undisclosed sum in Ninjacart, a fresh produce supply chain startup.
MNCs, India Inc put off by Piyush Goyal’s remark on Amazon
Business leaders say such statements may drive away foreign investments.
Prime Video will double down on investment on content in India: Jeff Bezos
Ahead of Bezos’ visit, the Competition Commission of India (CCI) had launched a investigation into Amazon and its competitor FlipKart to look at allegations of deep discounting and discrimination against small sellers.
PM Modi unlikely to meet Jeff Bezos this time
Ecommerce marketplaces such as Amazon and Walmart-owned Flipkart have been accused of flouting India's foreign investment rules and are also the subject of an investigation by the antitrust agency. The companies have maintained that they fully comply with Indian laws.
Will urge FM to probe alleged avoidance of GST by Amazon, Flipkart: CAIT
"Amazon and Flipkart have caused huge GST and income tax revenue loss to the government and CAIT will soon meet the finance minister and urge her to institute a investigation into avoidance of GST and income tax liability on both Amazon and Flipkart," CAIT said. CAIT also said the visit of Jeff Bezos on Wednesday to India will be greeted with strong protest.
Amazon not doing a favour by investing $1 billion: Piyush Goyal
Amazon CEO Jeff Bezos, who is on a visit to India, said on Wednesday that Amazon will invest another $1 billion in the country to help small and medium businesses sell their products, seen as an attempt to bridge differences with brick-and-mortar retailers. The amount adds to the $5 billion Amazon has pumped into India since 2013.
CCI orders probe against Amazon, Flipkart over discount practices
India's competition watchdog has ordered its investigative wing to probe Amazon and Flipkart over their discounting practices, exclusive brand launches on the platforms and the preferential treatment they have allegedly offered to certain mobile phones sellers.
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