Amazon India, Future Retail sign long-term business deal
06 Jan 2020
Under the agreement, Amazon India will become the authorised online sales channel for FRL stores, and FRL will ensure participation of its relevant stores and programmes on the Amazon India marketplace
Govt seeks details of top 5 sellers on Amazon, Flipkart
21 Oct 2019
Traders body CAIT alleges an unholy nexus among e-commerce firms like Amazon and Flipkart, brands, particularly in mobile, FMCG, electronics, electrical appliances, footwear, garments and various banks that tend to distort prices of different products on online portals
Amazon acquires 49% stake in Future Coupons
23 Aug 2019
The move by American giant Amazon to acquire a stake in Future Coupons is heating up the retail scenario in India, especially with Walmart also planning major expansion and Reliance Retail joining hands with small-time retailers
Amazon to acquire 10% stake in Future Retail
13 Aug 2019
Under the agreement, Amazon will have the option to buy more shares from Kishore Biyani, Future Retail’s founder and chairman, giving the US e-commerce firm an edge over rival Flipkart and the planned e-commerce venture of Reliance Retail
Amazon to close its China business, shift focus to India
19 Apr 2019
Amazon will now increasingly focus on the Indian market where it has invested billions in setting up infrastructure, including warehousing facilities
Amazon appoints ex-PepsiCo CEO Indra Nooyi on its board
26 Feb 2019
Nooyi’s appointment as a member of the audit committee on Amazon’s board comes at a time when the online retail giant’s business plans are going awry under India’s new e-commerce policy
Amazon to invest $700 mn in US electric truck start-up Rivian
19 Feb 2019
Amazon is reported to be looking for deals that can speed deliveries to shoppers and has already secured 20,000 Mercedes’ Sprinter vans for delivery contractors, becoming the vehicle maker’s the biggest custome
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