Amazon and Mumbai-based private equity firm Samara Capital acquired Aditya Birla Retail Limited’s food and grocery retail chain More at an enterprise value of over $600 million. More is the fourth-largest supermarket chain in the country after Future Group's Big Bazaar, Reliance Retail and D-Mart. Samara Capital will acquire 51...
Amazon Has Localized Five Marketing Strategies for India
Aware that India's challenging e-commerce market should be worth $127 billion in 2025, up from $11.2 billion last year, Seattle, Washington-based Amazon is doing things differently in India, reports the Wall Street Journal. Allowing cash-on-delivery payments: Due to consumers' fear of online fraud coupled with the fact that the majority...
Four U.S. Companies Make Big Moves in India
During Prime Minister Modi’s recent visit to the U.S. to address the joint meeting of members of Congress, several U.S. businesses announced investments into the Indian market, reports Huffington Post. Star India, a subsidiary of 21st Century Fox, announced it will invest an additional $5 billion in the country over...
Prime Minister Modi to Address USIBC on June 7
Ahead of his address to the Joint Session of the U.S. Congress on June 8, the Prime Minister of India, Narendra Modi, will address the U.S.-India Business Council’s 41st Annual Leadership Summit in Washington DC. As part of the USIBC annual summit, Modi will also participate in a roundtable with...
Amazon Web Services Plans to Open a New Infrastructure Hub in India
Amazon Web Services (AWS) announced that it plans to open a new “infrastructure region” in the world’s second most populous country sometime in 2016. “Tens of thousands of customers in India are using AWS from one of AWS’s eleven global infrastructure regions outside of India,” said Andy Jassy, senior vice...
Google, Amazon Expect to Spike Sales in India
Internet Multinational Companies are growing fast in India. Last month, Google announced the setting up of its largest campus outside the U.S., in Hyderabad, India. The 2 million square feet facility — the first company owned premises in Asia — is expected to house 13,000 employees when it’s ready in...