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India wants to build its own e-commerce business independent of Amazon

India wants to build its own e-commerce business independent of Amazon

New Delhi: He became a billionaire after co-founding software behemoth Infosys Ltd. and leading a massive government effort to provide biometric identity for India’s almost 1.4 billion citizens. Nandan Nilekani, at 66, has one more audacious objective. The high-profile businessman is assisting Prime Minister Narendra Modi in the creation of an

‘Amazon wanted to destroy us, they destroyed us’: Future Retail to SC

‘Amazon wanted to destroy us, they destroyed us’: Future Retail to SC

New Delhi: As the bitter and long-running legal battle continues, Future Retail Limited (FRL) counsel on Friday told the Supreme Court that “Amazon wanted to destroy the Future Retail, and it succeeded. The next hearing scheduled for April 4. “Nobody wants to do business with it today as Section 7 of

Amazon shuts over 60 retail stores to focus on grocery, fashion shops

Amazon shuts over 60 retail stores to focus on grocery, fashion shops

Washington: Tech giant Amazon has announced to shut down most of its brick-and-mortar storefronts, including Amazon Books, across the US and the UK, as the e-commerce giant aims to shift its focus on opening more fashion and grocery stores. The retail giant confirmed to ZDNet late on Wednesday that it

Amazon says Samara ready to buy Future Retail assets for ₹7,000 cr: Report

Amazon says Samara ready to buy Future Retail assets for ₹7,000 cr: Report

New Delhi: Amazon has written to independent directors of Future Retail Ltd (FRL), confirming that Samara Capital “remains interested and committed” to invest ₹7,000 crore for buying all retail assets of the debt-ridden company and asked the retail firm to furnish existing due diligence reports to Samara by Sunday, according

Govt to probe Amazon bribery allegation: “Zero Tolerance” to corruption

Govt to probe Amazon bribery allegation: “Zero Tolerance” to corruption

New Delhi: Amazon has launched an investigation into the conduct of its legal representatives in India following a complaint from a whistleblower who alleged that one or more of the company’s reps had bribed government officials, Indian news and analysis outlet the Morning Context reported on Monday. The company is