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Tag: Indias

Amazon India’s e-comm arm narrows FY19 loss to Rs 5,685 crore, Retail News, ET Retail

NEW DELHI: Amazon Seller Services, the online marketplace arm of the e-commerce giant in India, has narrowed its loss to Rs 5,685 crore for 2018-19. This is a 9.5 per cent decrease from the last financial year, when the company had posted a loss of Rs 6,287.9 crore, as per documents sourced by business intelligence …

Amazon India’s e-comm arm narrows FY19 loss to Rs 5,685 crore, Retail News, ET RetailRead More

Mukesh Ambani gears up for India’s e-commerce giant with $24 billion holding firm, Retail News, ET Retail

NEW DELHI: Billionaire Mukesh Ambani moved a step closer to creating an e-commerce giant for India, unveiling plans to set up a $24 billion digital-services holding company that would become the main vehicle in his ambition to dominate the country’s internet shopping space. The board of Ambani’s Reliance Industries Ltd approved a proposal to plow …

Mukesh Ambani gears up for India’s e-commerce giant with $24 billion holding firm, Retail News, ET RetailRead More

Govt e-Marketplace can become India’s Amazon, says Goyal, Retail News, ET Retail

New Delhi, A futuristic plan for India‘s own e-commerce portal are afoot as Commerce and Industry Minister Piyush Goyal on Sunday said that he imagines the Government e-Marketplace (GeM) to become such a platform on the lines of Amazon and Flipkart to sell Indian products. In his address at the closing ceremony of “India International …

Govt e-Marketplace can become India’s Amazon, says Goyal, Retail News, ET RetailRead More