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.
'Is the tech wonder of our times headed for trouble?' asks Ajit Balakrishnan.
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The report comes at a time when the government is trying to clear pending FDI proposals, which include various planned investments in this sector.
SpiceJet to add 7 planes; another Rs 500 cr infusion in April.
Private lender Kotak Mahindra Bank Ltd said on Thursday its board had approved the acquisition of local rival ING Vysya Bank Ltd, in which Dutch lender ING Groep NV owns about 43 per cent, in an all-stock deal.
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or rupees of gullible investors were allegedly swindled.
Denis Oswald, the International Olympic Committee's permanent chair of the disciplinary commission, said Valieva claimed there was a mix-up at a Court of Arbitration for Sport (CAS) hearing into whether she should be allowed to continue competing.
Security measures have been heightened in view of the violence in the previous phases, particularly the death of five people in Cooch Behar in the fourth phase of polling on April 10, an Election Commission official said.
The Supreme Court on Thursday said that candidates belonging to the Other Backward Class category are required to be adjusted against the general category who were more meritorious than the last of the general category candidates appointed.
Billionaire Gautam Adani's Adani group on Monday said it has reached an agreement to acquire GVK group's shareholding and control of Mumbai airport.
Adversarial Harmful Networks -- India Case Study, cited in Facebook whistleblower Frances Haugen's SEC complaints, revealed, among other things, that Facebook was a preferred platform for 'fear-mongering anti-Muslim narratives' in India, observes Devangshu Datta.
S&P Dow Jones Indices on Tuesday said it will remove Adani Ports and Special Economic Zone from its sustainability index following reports of its business ties with Myanmar's military that has been accused of human rights violations after a coup. The Adani Group firm is building a $290 million port in Yangon. In a statement, S&P Dow Jones Indices said: "Adani Ports and Special Economic Zone will be removed from the Dow Jones Sustainability Indices following a media and stakeholder analysis triggered by recent news events pointing to heightened risks to the company regarding their commercial relationship with Myanmar's military, who are alleged to have committed serious human rights abuses under international law."
Goyal wondered why an e-commerce market place model, where a firm provides an IT platform for buyers and sellers, was incurring such huge losses adding that it needs to be looked into.
Prime Minister Narendra Modi on Wednesday launched a Rs 100 lakh crore national master plan for multi-modal connectivity that aims to develop infrastructure to reduce logistic costs and boost the economy. PM Gati Shakti targets to cut logistic costs, increase cargo handling capacity and reduce the turnaround time, Modi said at a function to launch the plan. The plan aims to lend more power and speed to projects by connecting all concerned departments on one platform, he said, adding the infrastructure schemes of various ministries and state governments will be designed and executed with a common vision.
The comments need to be submitted to the Competition Commission of India within 15 days, along with supporting documents on how the merger can adversely impact the concerned person or entity, the regulator said, while adding that it would not consider 'unsubstantiated objections' to the deal.
No effect on ongoing projects, says company.
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Owners selling apartments are putting in a clause that if final order allows original buyers to get compensation.
At present, except Trai, all regulators and the Competition Commission of India (CCI) have powers to levy penalty in case of violation of any rule or law. The GST anti-profiteering authority will be the only institution which will not have the same.
The new schedule means women's softball will kick off competition at 9 a.m. (0000 GMT) in Fukushima on July 21, two days before the Games officially open, with all events taking place a day earlier than the 2020 schedule.
Summary of sports events and persons who made news on Saturday
The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco Infrastructure and Era Infrastructure are kept out of the calculation.
'These accusations of my film being a copy only makes our chances at the Academy harder.'
SpiceJet would see a capital infusion of Rs 1,500 crore.
On January 31, the US Federal Trade Commission cleared the merger.
These risks are viewed as more acute in the online world.
'Alia's chemistry with Shefali was great, and you can't rehearse chemistry.'
World Athletics, the sport's governing body, limited the number of Russians eligible to compete internationally this year to 10 in response to doping offences by senior staff at Russia's suspended athletics federation.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
Following the decision in March to postpone the Games, the Olympics are now due to begin on July 23, 2021.
Singh, who was instrumental in building required capabilities in the organisation said his role at Fortis did not allow him to spend time with his family, as the reason behind his resignation.
There is a sudden realisation in party circles that prolonged court cases could damage its standing, both among the cadres and voters, observes N Sathiya Moorthy.
'If Walmart is a physical retailer, why is it striking a deal with Flipkart for the online space?'
'With one year to go, there is no clear picture of what shape the simplified Games will take. The situation with COVID-19, both domestically and internationally, is constantly changing.'
'India needs offensive and defensive security measures to protect itself.'
The deal had separately come under scanner of the market regulator Sebi for alleged insider trading violations and the present 'no-objection' from the exchanges.
Parliament on Tuesday cleared a Bill to remove legal hurdles that were coming in the way of appointing former Telecom Regulatory Authority of India chief Nripendra Misra as principal secretary to the prime minister amid strong opposition by Congress.
The Athletics Federation of India (AFI) on Thursday named a 37-member Indian athletics team, to be led by Olympic champion javelin thrower Neeraj Chopra, for the upcoming Commonwealth Games.
As US President Joe Biden launched a new trade deal with 12 Indo-Pacific nations, including India, to enhance trade, economic and investment opportunities, China, which sees the pact as a threat to its dominance in the region, went on the offensive against it, promising more opening up, while the official media here termed it as "economic Nato".
There is nothing to suggest that the DMK stands to gain from the AIADMK split nor is there anything indicative of an extraordinary advantage for the BJP, independently or in the company of the AIADMK, explains N Sathiya Moorthy.
