Amid reports of Amazon probing bribery-related charges against some of its legal representatives in India, the US e-commerce giant on Monday said it takes allegations of improper actions seriously and investigates them fully to take appropriate action. Without confirming or denying allegations, Amazon said it has "zero tolerance for corruption". According to a report by The Morning Context, Amazon has initiated an investigation against some of its legal representatives for allegedly bribing Indian government officials.
Amazon is working on deepening its engagement with young technology companies in the country.
Sellers downloading their monthly financial reports were served with those of other vendors, leading to a breach of competitive businesses data.
Are the big five using their dominance to shut out rivals? That is the key question, says Prosenjit Datta.
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
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
Online retail in the country is expected to grow to $200 billion by 2026, up from $15 billion in 2016.
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