/Tag: Amazon

Amazon-Reliance battle for Indian retail market shows no signs of easing

2021-01-20T12:34:13+00:00January 20th, 2021|The Big Story - India Global Business|

A $170 billion retail bounty is at stake! If Mukesh Ambani drew first blood by signing a $3.4-billion deal to buy several retail assets of the Future Group, Amazon struck legally by mounting a credible challenge before global arbitration panels and Indian courts. But there is no victor in sight yet.

Indian retail market stares at an interesting, but controversial future

2020-12-03T12:27:16+00:00December 3rd, 2020|Analysis - India Global Business, India Inc Views - India Global Business|

Amazon has obtained a stay on Future’s sale to Reliance from an Emergency Arbitrator in Singapore. Legal experts say this order has no legal force in India. The matter is now before the Delhi High Court. The final decision in this matter could have a bearing on foreign investment sentiment.

Amazon’s $2.77-bn cloud investment in India may force rivals to follow suit

2020-11-13T11:46:45+00:00November 13th, 2020|Guest Columns - India Global Business, Insight - India Global Business|

The Amazon Web Service Cloud project will ensure higher levels of data localisation and security in India and could pave the way for the country to emerge as a major cloud storage destination. This could open up economic opportunities worth tens of billions of dollars.

Ambani-Bezos rivalry heats up; market awaits Amazon’s next move

2020-09-18T15:21:17+00:00September 15th, 2020|In Focus: Covid-19 impact, India Inc Views - India Global Business|

The fight to dominate India’s $700-bn retail market gathers intensity as Reliance acquires its nearest rival, leaving Amazon far behind. Even as there is speculation of Walmart buying a minority stake in Reliance Retail, the market is awaiting Bezos’ next move with bated breath.