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Bezos's India visit crucial as e-commerce space gets fierce

As the Indian e-commerce market enters into an interesting phase with Reliance firming up its mega plans with launching JioMart, Amazon Founder and CEO Jeff Bezos is in India this week to explore the ground situation amid a possible...

Amazon pumps in over Rs 1,700 crore into India units

E-commerce giant Amazon has pumped in over Rs 1,700 crore into its payments and wholesale business units in India, as per regulatory documents. According to a PTI report: Amazon Pay India has received Rs 1,355 crore from Amazon Corporate Holdings...

Amazon India rides on Future Group to face Reliance's JioMart

Alarmed at Reliance Industries Ltd's e-commerce push in 2020 with online retail arm JioMart that will deliver groceries and other household essentials, Amazon India and the Kishore Biyani-led Future Retail Ltd (FRL), part of the Future Group, on Monday...

E-commerce norms flouted despite Amazon India tweaking ownership

The Indian e-commerce market is expected to reach $200 billion by 2026 from the current $48.5 billion (as of 2018) and to create a level-playing field for small and medium players, the government brought in a new e-commerce policy...

Tough 2020 awaits Amazon, Flipkart as Reliance firms up plans

With more and more Indians taking the online route to fulfill their shopping needs, e-tailers like Amazon and Flipkart are witnessing high demands, including from far-flung and remote areas, but overall slowdown and negative sentiments - coupled with the...

Amazon doing extremely well in India: Jeff Bezos

E-commerce giant Amazon is doing "extremely well" in India, its founder and CEO Jeff Bezos has said while expressing hope for regulatory stability in the country. According to a PTI report: Bezos' remarks came in response to a question on...

Amazon earnings fall for first time in two years

Amazon's net sales hit US $70 billion in the third quarter, an increase of 24 percent compared with US$ 56.6 billion in the same period last year, but the e-commerce giant saw its net income decreasing to US$ 2.1...

Jeff Bezos cashed in another US$ 990 mn Amazon shares

After cashing in US$ 1.8 billion worth of the Amazon shares over the last three days of July, Amazon Founder and CEO Jeff Bezos has now sold Amazon shares worth US$ 990 million in the first two days of...

For Jeff Bezos, Amazon is ‘India ki apni dukaan’

Amazon.in arrived in India on June 5, 2013 and for world's top billionaire Jeff Bezos, has transformed the way the country buys and sells. Today, Amazon holds 30 percent of the e-commerce market in India and has become the most-visited...

Instagram threatening Amazon with its e-trade plans

The current dominance in online commerce enjoyed by Amazon could be endangered if Instagram, with its one billion users worldwide, pushes ahead with its plans to enter that space, as its new chief, Adam Mosseri, has said he intends...
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ShopClues aims $100 million in e-commerce exports by year end; eyes US, European markets: MD Anuraag Gambhir

The Gurgaon-based company is also planning to introduce international brands to India from Southeast Asian countries  Bengaluru: ShopClues, the Indian...
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