Amazon has committed over $5 billion to grow its business in India so far and says it will pump in more capital as and when needed, a big worry for rival Flipkart which has been struggling to raise funds over the past couple of months.
Both Indian firms have been in talks with investors for nearly a year to raise fresh funds of as much as $ 1 billion, but with little success so far.
Amazon's huge investment of $80 million a month didn't win it favour over customers during the festive season, with rival Flipkart selling more goods, reports Alnoor Peermohamed from Bengaluru.
Two to five volunteers, with the support of bank employees, could offer guidance and help to customers.
Large manufacturers are investing in small companies to get a peek into their R&D. Alnoor Peermohamed and Anita Babu report.
eBay says it has cut jobs at its centre in Bengaluru in favour of shifting them to other locations around the world.
While the government's demonetisation move is aimed at curbing under-invoicing, the worry was that retailers would de-stock in the short term, impacting sales.
Around half the value of the mark-downs is due to the Japanese currency's appreciation against other currencies.
With the Apollo Hospitals chairman saying that she has recovered, the party can go back to business as usual.
Flipkart's value has eroded by a third from a peak of $15.2 billion to as low as $9 billion following several investor markdowns
iPhone will have to break Android's domination to make India the next China for Apple
All but 500 who booked Note 7 phones have bought older devices instead of cancelling their orders but Samsung may still lose market share this festive season.
While the first half of the year saw India's e-commerce market shrinking, the success of Diwali sales will boost the sector beyond last year's benchmark
The company owns 12 of 45 facilities it has in India and around 75 per cent of its global headcount of 2,44,300 is based in the country
What makes Ravichandran Ashwin the world's premier Test spinner?
Flipkart and Myntra, together, post higher sales than Amazon
Flipkart has seen 33 per cent growth in past 6 months despite slowing e-commerce business and stiff competition from Amazon.
Most technology companies such as Infosys and Wipro, multinationals such as Amazon and IBM, and start-ups such as Flipkart have made the city their home thanks to its salubrious climate, cosmopolitan culture, and the ability to get talent locally
LinkedIn hopes to bring more first-time job seekers there, apart from technology talent from the smaller cities.
Looks at 100 km ride on single charge, ideal for big cities
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