Amazon's India Problem
Will regulatory scrutiny and new competition eat into Amazon India’s empire enough to make it rethink its big bet on the Indian market?
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Will regulatory scrutiny and new competition eat into Amazon India’s empire enough to make it rethink its big bet on the Indian market?
InGovern’s letter to Sebi follows Mukesh Ambani’s Reliance Industries Ltd taking over stores of the cash-strapped Future Retail, citing defaults in payments.
The closure of wholesale distribution is the latest in a series of retreats for Amazon in India, where it has deployed over $7 billion.
Mukesh Ambani's Reliance Industries Ltd (RIL) is set to lock horns with Gautam Adani-owned Adani Power for an auction of a distressed thermal unit of Lanco Amarkantak Power on November 25.
Amazon, on November 17, had moved the Supreme Court for allowing arbitration proceedings to restart at the SIAC