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E-commerce giant Amazon India has partnered with Mahindra Electric to add more electric vehicles (EVs) to its delivery fleet in the country. In 2020, Amazon India had announced that its fleet of delivery vehicles would include 10,000 EVs by 2025 – these would be over and above the global commitment of 100,000 EVs by 2030 under the company’s Climate Pledge. The partnership with Mahindra Electric is an important step towards India’s progress in the e-mobility industry to achieve its environmental sustainability goals. “We are committed to building a supply chain that will minimise the...

The Supreme Court on Monday sought a response from Future Retail Limited (FRL) in a plea by e-commerce giant Amazon challenging the Delhi High Court order which had stayed the implementation of status quo direction passed by single-judge of the High Court with respect to the $3.4 billion Future-Reliance deal. A bench headed by Justice Rohinton Nariman also said that while the proceedings before National Company Law Tribunal (NCLT) can go on, they should not culminate in any final order of sanction of the scheme. “Issue notice. Dasti in addition. To come up after three weeks. Rejoinder...

Over Rs 950-crore tax evasion by Flipkart unit, Swiggy: I-T department Over Rs 950-crore tax evasion by food delivery start-up Swiggy and Instakart (a group firm of Flipkart) has been detected following last week’s survey operations in Bengaluru. According to the initial findings of the Income Tax Department, third party vendors were also involved in the concealment of taxable income. ‘’The survey operations on the companies resulted in impounding of incriminating documents evidencing tax evasion issues including non-deduction from tax deducted at source (TDS) on commission income and ...