News for 'amazon-asia'

Will end of Bezos-Murthy's e-com JV hit Amazon's biz?

Will end of Bezos-Murthy's e-com JV hit Amazon's biz?

Rediff.com27 Aug 2021

Last year in January at Amazon's flagship event Smbhav, Infosys Co-founder N R Narayana Murthy had to shorten his keynote speech from 20 minutes to about five because the event was delayed by 1.5 hours. "I will try to finish it in five minutes, because I am not used to delays," said Murthy, while addressing hundreds of micro, small and medium enterprises (MSMEs) about building businesses that last. In the audience was Amazon founder Jeff Bezos. Murthy referred to Bezos' prediction that the 21st century will be the Indian century. "That confidence enhances our enthusiasm," said Murthy. The relationship between Murthy and Bezos dates to 2014, when Prione, a 49:51 joint venture (JV) between Amazon and Murthy's venture capital company Catamaran, was formed.

New FDI norms pose rejig challenge for e-commerce majors

New FDI norms pose rejig challenge for e-commerce majors

Rediff.com31 Mar 2016

Some companies are already seeking review of the new norms.