Monthly Archives: October 2014
Amazon stake in seller may come under scrutiny
Amazon is selling products on its Indian website that are sourced by a joint venture with N.R. Narayana Murthy’s Catamaran Ventures, an arrangement that could draw regulatory scrutiny on the world’s largest online retailer.
Flipkart hits $100 mn Big Billion Day Sale target in 10 hours
India’s biggest online retailer, Flipkart, took just 10 hours to hit its target of $100 million in gross merchandise value (GMV), or the value of goods sold, on Monday, when it hosted its Big Billion Day sale. The day saw … Continue reading
Amazon ready to invest more in India
Putting its war chest to work now will give Amazon—a latecomer behind Indian rivals such as Flipkart Internet Pvt. and Snapdeal.com, which is backed by eBay Inc. —a chance to leapfrog into the lead. Bezos says Amazon will continue to invest … Continue reading
Modi’s first visit to the United States as PM
Modi met Obama at the White House this week and held talks on strengthening the bilateral ties.
WPI near five year low
Even as the Reserve Bank of India gears up for its monetary policy review, wholesale inflation has eased for the month of August. WPI rose just 3.74% year-on-year, much lower than economists’ predictions.
India’s big bank makeover
It’s been a year since Raghuram Rajan took over the reins at the Reserve Bank of India. Under him, the central bank is trying to overhaul the way banks function in the country.
EU, India Free Trade Agreement on backburner
European Union Ambassador to India spoke to Mint about the much delayed free trade agreement.
