Amazon to invest $1billion to aid small, medium Indian businesses

Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small and medium-sized businesses online in India and expects to export $10 billion worth of India-made goods by 2025. Bezos’ visit comes amid strident criticism from small business owners who accuse the company and Walmart’s Flipkart of unfair business practices. The… Read More Amazon to invest $1billion to aid small, medium Indian businesses

India orders anti-trust investigation of Amazon, Flipkart

India ordered an investigation of Amazon.com Inc and Walmart’s Flipkart on Monday over alleged violations of competition law in the latest setback for U.S. e-commerce giants operating in the country. The Competition Commission of India (CCI) said it was ordering a wider probe following a review of allegations that Amazon and Flipkart were promoting some… Read More India orders anti-trust investigation of Amazon, Flipkart