Seattle-based Amazon's innovations in India are being adopted by its teams from across the globe including its U.S. and European e-commerce arms, Terry Hanold, vice president of Amazon's international consumer technology, said. The Times of India reports that a successful innovation, called "seller flex," allows a seller to make their...
India Approves Amazon's $500 Million Investment in Food Retail
India's Department of Industrial Policy and Promotion approved e-commerce major Amazon's proposed $500 million investment in retailing of food products in the country. The company will launch a wholly-owned subsidiary in India to stock food products and sell online. Last year the government allowed 100 percent foreign direct investment for...
Amazon Considers Inorganic Growth in India
After buying Whole Foods in the United States, Amazon is targeting groceres in India. Bangalore, India-based BigBasket, a five-year-old e-grocer, has signed a 60 day exclusivity agreement with Amazon India during which time Amazon will conduct a due diligence on the company's assets with a view to acquisition Valued at...
9 U.S. Companies among Top 25 Best Workplaces in India
Based on LinkedIn's study of actions, nine American companies are listed among the 25 most desirable companies for employees in India. At #2 is Amazon: With more than 10,000 employees in India Amazon is rapidly expanding its Prime Video offerings in the country, investing $5 billion in 2016 with plans to...
India Contemplates Opening Up Food Retailing
Foreign food retailers may soon be allowed to sell personal care products made in India up to 25 percent of their total merchandise sales. India's Department of Industrial Policy and Promotion has for the first time endorsed this proposal. The idea behind the move is to encourage "organized" (mass market) retailers...
Amazon Launches Fire TV in India
Amazon launched its Fire TV stick in India with Amazon's Prime Video India director and country head Nitesh Kripalani and Amazon Fire TV vice president Marc Whitten at the launch. India is the fifth country where the device becomes available after the U.S., U.K., Germany and Japan. Priced at $62,...