In December last year, Amazon invested over Rs 1,700 crore into its payments and wholesale business units in India, while in October it had infused over Rs 4,400 crore (more than USD 600 million) in its various units in India, including marketplace and food retail. Bezos last visited India in 2014 when he presented Amazon's Indian unit with a giant cheque for USD 2 billion. Since then, Amazon has pledged a further USD 3.5 billion to expand in the country and the USD 1 billion investment announced on Wednesday would take the total committed investment to USD 6.5 billion.
Producer Sunil Doshi has acquired a catalogue of 11 animation titles from Japan's biggest production house Studio Ghibli, created by Hayao Miyazaki.
Full service product with complementary meal service would be provided on all domestic flights from December 1, with the buy-on-board concept being discontinued, an airline statement said.
Vistara Chief Executive Officer Phee Teik Yeoh is expected to meet the senior management of BA over the next few days to discuss the partnership.
A new law gives more teeth to the shareholder and empowers him to take legal action against a company for fraud.
'After the Congress's 2014 Lok Sabha debacle, commentators identified three major shortcomings: Leadership, organisation, and ideology.' 'Here we are six years later -- and what are the Congress's major failings? Leadership, organisation, and ideology.' 'The party seems to have learned very little during its six years in the Opposition wilderness.'
Slamming Prime Minister Manmohan Singh over the issue of allowing foreign direct investment in multi-brand retail, Bharatiya Janata Party leader L K Advani on Sunday said the red carpet was being rolled out for Walmart when it faced protests even in the US and New York City "shut Walmart out".
The Bharatiya Janata Party on Saturday said implementation of FDI in multi-brand retail will make India a nation of "sales boys and sales girls" and it hoped to see the end of the United Progressive Alliance government on the issue.
While Federation of Indian Chambers of Commerce and Industry extended an all-out support to the government, Confederation of Indian Industry recommended 'a calibrated approach for introducing FDI in the retail sector in terms of the percentage and minimum capitalisation requirements'.
Celebrations erupted across Assam with opponents of the bill bursting crackers, distributing sweets and breaking into frenzied dancing on the streets.
A string of episodes including the latest removal of Aamir Khan as brand ambassador of the Incredible India campaign point in this direction, say experts
I am not here to play negative politics in the name of Muslims, says the leader of yet another electoral front in Bihar.
The first IKEA store in India is unlikely to come up during the second term of the United Progressive Alliance government, which ends in May 2014, as the euro 25-billion Swedish furniture major takes "years" to set up shop in a new country after securing the necessary approvals.
The new crossover and fully imported models of the Jeep brand will increase Fiat's product line-up that has shrunk to just two at present
The DMK has Stalin and Stalin alone as the key campaigner. The rest of them all, including half-sister Kanimozhi, are tied down to their own constituencies while those like party treasurer and former minister S Duraimurugan, to those of their children's constituencies.
Intriguingly, the agenda for the Cabinet meeting convened on Wednesday evening has not been circulated as the government wants to study the Opposition's mind before deciding how the Cabinet handles the FDI-in-retail decision it had taken on November 24.
With Trinamool Congress chief Mamata Bannerji refusing to budge from her stand against the UPA government's decision allowing 51 per cent FDI in retail, the Congress party's spin doctors are working overtime to project the decision favourably to the country. Sheela Bhatt reports
Flaying the Centre's decision to allow Foreign Direct Investment in retail, Tamil Nadu Chief Minister Jayalalithaa on Sunday alleged it was taken under pressure from a few retail giants and asserted her government would not allow multi-brand global players to set up their markets in the state.
Serum Institute is investing $200 million to create capacities for the COVID-19 vaccine. Sohini Das profiles its 39-year-old CEO.
Orient-Express has rejected repeated approaches from Tata's Indian Hotels Company, with the issue turning into a public spat in December when the US group said it believed such an alliance would damage the value of its brands.
US retail major is in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership.
With full control over the supply chain, FDI investors will dry up the existing sources on which traders are fully dependent and exploit the situation to their benefit to earn profits.
Bharatiya Janata Party on Wednesday charged that there were differences between Congress party and the government on allowing FDI in multi-brand retail and dared United Progressive Alliance Chairperson Sonia Gandhi, General Secretary Rahul Gandhi and other senior party leaders to make their views public on the matter.
Nissan Motor Co has entered into an eight-year sponsorship agreement with the International Cricket Council (ICC), a company executive said, in a bid by the Japanese car maker to boost its small market share in cricket-crazy India.
The guidelines regarding the decision to allow 51 per cent FDI in the multi-brand retail will be issued by next week.
Defence Minister A K Antony expressed his displeasure to Prime Minister Manmohan Singh, in presence of their Cabinet colleagues on Thursday, for permitting 51% Foreign Direct Investment in multi-brand retail.
It entered India in 2006, with the aim of tapping the promising consumer market.
Starbucks faces two major challenges.
Elder Pharmaceuticals has entered into a strategic alliance with UK's Medichem International to develop, manufacture and market advanced medical biosecurity products in India.
In the run-up to the ICC World Cup to be held in West Indies this March. PepsiCo India is entering into cross-promotional alliances with other brands.
This crisis has arisen just as demand in India's auto sector started seeing some sort of revival after the nationwide lockdown in March/April.
From promoters losing their firms to consumers realising there are no free lunches, 2019 was a year of getting real,says Shailesh Dobhal.
'To them, the day may not be far off when the state BJP starts claiming and propagating that Modi is next only to AIADMK's late boss Jayalalithaa,' says N Sathiya Moorthy.
Congress can initiate moves that please it -- and any alliance partner can choose to oppose them also. That is a recipe for chaos, warns A K Bhattacharya
Funding challenges are not limited to just one think tank. Several scholars say that access for conducting research and getting foreign funds has become a major hurdle for think tanks, with the government raising many questions regarding such inflows. As a result, many think tanks are keeping a low profile and becoming less prolific.
'With the deaths of Jayalalithaa and Karunanidhi, the BJP and Congress thought that they had a chance.' 'They have conceded that power is with the Dravidian parties.'
With her latest masterstroke, Trinamool Congress chief Mamata Banerjee has made Congress lose its credibility in the eye of the aam admi, says Sheela Bhatt
Opposition leader in the Rajya Sabha Arun Jaitley on Friday said the United Progressive Alliance government was trapped in its own web of "chakra-vyuha" with the ill-timed decision to allow foreign players in multi-brand retail. He said that the UPA had landed itself in a no-win situation, with no escape route.
According to BJP strategists, PMJAY and the PM Ujjwala Yojana will form the nucleus of the Modi government's re-election campaign.
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