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amazon future deal: CCI accuses Amazon of concealing facts in Future Coupons deal

GENERAL NEWS /

New Delhi: The Competition Commission of India (CCI) has accused Amazon.com Inc. of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the US e-commerce giant seen by Reuters showed. The letter complicates Amazon’s bitter legal battle with Future Group over the […]

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Tata Group gets bullish on e-commerce just as rules threaten to transform market

GENERAL NEWS /

Tata Group is taking a more vocal interest in rules shaping online marketplaces, hinting at ambitions as it reappraises its retail strategy just as e-commerce reform threatens to muddy plans. The $106 billion conglomerate yet e-commerce minnow was far more vociferous in discussions than market leader Amazon.com Inc at a July 3 meeting with government

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Govt OKs up to Rs 15000 crore FDI investment proposal from Voda Idea

GENERAL NEWS /

The government has approved a proposal from (Vi) for an investment of up to Rs 15,000 crore via the foreign direct investment (FDI) route, a person familiar with the matter said. The struggling telco’s stock rose over 6% on the news. The person added that the government’s nod is an enabling approval and no fund-raising

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Bajaj Auto to set up a separate subsidiary for electric vehicles

GENERAL NEWS /

In a bid to participate in nascent yet highly active electric vehicle space, , the country’s largest two wheeler exporter is in the process of forming a separate wholly owned subsidiary. The company informed Bombay Stock Exchange stating that the board of directors have approved incorporation of a wholly owned subsidiary at the meeting held

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