Amazon India reported over 105 percent growth in revenue in Fiscal Year 2017. Per filings with the Registrar of Companies, Amazon Seller Services posted a 41% increase in earnings to $485.4 million for the year ending March 31, 2017. Amazon Seller Services currently earns through commissions, advertisements and shipping fees....
Boeing to Set Up Engineering and Technology Facility in India
Seattle-based commercial aircraft maker Boeing will invest $170 million to set up a new facility for engineering and technology which will manufacture and assemble electronics /avionics in Bangalore, India. The Karnataka state government gave permission for the project which will be set up on about 36 acres of state-owned land...
Amazon's India Innovations Adopted Globally
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 Signs $100 Million Service Deal with Boeing
Seattle-based Boeing and India's Navy signed a $100-million contract, that requires Boeing to maintain spare parts and personnel in India, ready to respond to any defects or failures in the P-8I fleet over the next three years. This 'performance-based logistics' contract requires Boeing to continue the warranty services it has...
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...
India’s Zomato Acquires Seattle-Based Urbanspoon.com
India’s online restaurant listing company Zomato entered the U.S Market through the acquisition of Urbanspoon.com owned by IAC the Internet company focused on the areas of search, applications, online dating, media and ecommerce. The deal was an all-cash transaction for $52 million. Most of Urbanspoon’s team will be joining Zomato and...