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Business Live: Shares gain on financials, energy boost; gold recovers from 9-month low on U.S. stimulus cheer - Vimarsana News

Business Live: Shares gain on financials, energy boost; gold recovers from 9-month low on U.S. stimulus cheer

The great gold bounceback. Reuters reports: "Gold prices rose on Monday, recovering from a near nine-month low hit in the previous session, as a passage of the long awaited $1.9 trillion U.S. coronavirus relief package boosted the metal's appeal. Spot gold rose 0.3% to $1,705.62 per ounce by 0041 GMT, after hitting its lowest since June 8 at $1,686.40 on Friday. U.S. gold futures climbed 0.3% to $1,703. The U.S. Senate on Saturday passed President Joe Biden's $1.9 trillion COVID-19 relief plan. Gold is viewed as a hedge against inflation, likely from extensive stimulus. Further supporting bul...

'Local shops on Amazon' gets over 50K retailers onboard - Vimarsana News

'Local shops on Amazon' gets over 50K retailers onboard

E-commerce major Amazon's programme to get onboard small retailers and neighborhood stores, 'Local shops on Amazon', has expanded its network to over 50,000 retailers, said a company statement.The statement said that the total number of sellers ...

Over 50,000 Offline Retailers, Kirana Stores have Joined The 'Local Shops' Programme: Amazon India - Vimarsana News

Over 50,000 Offline Retailers, Kirana Stores have Joined The 'Local Shops' Programme: Amazon India

Over 50,000 Offline Retailers, Kirana Stores have Joined The 'Local Shops' Programme: Amazon India The 'Local Shops' programme was an initiative started by the e-commerce platform last year in order to enable local shopkeepers and kirana store owners to sell online File Photo Outlook Web Bureau 2021-03-07T15:36:11+05:30 Over 50,000 Offline Retailers, Kirana Stores have Joined The 'Local Shops' Programme: Amazon India outlookindia.com 2021-03-07T18:59:47+05:30 Across 450 cities in the country, over 50,000 offline retailers and neighbourhood kirana stores are now...

Over 50,000 offline retailers neighbourhood stores now part of Local Shops: Amazon India - Vimarsana News

Over 50,000 offline retailers neighbourhood stores now part of Local Shops: Amazon India

Amazon   | Photo Credit: AP Launched in April this year, 'Local Shops' aims to enable local shopkeepers and kirana store owners to sell online E-commerce major Amazon on March 7 said more than 50,000 offline retailers and neighbourhood kirana stores across 450 cities in the country are now part of its 'Local Shops' programme. Launched in April, 'Local Shops' aims to enable local shopkeepers and kirana store owners to sell online. In October, Amazon India had said the programme had seen participation from over 20,000 retailers in 400 cities. More than 50,000 offline retailers and neighbourho...

Deliberate effort to discredit Amazon's biz in India, says Amit Agarwal - Vimarsana News

Deliberate effort to discredit Amazon's biz in India, says Amit Agarwal

Deliberate effort to discredit Amazon’s biz in India, says Amit Agarwal REUTERS/Pascal Rossignol February 22, 2021 E-commerce major Amazon.com Inc.’s India arm has been in the news after allegations of preferential treatment to two of its sellers and circumventing foreign direct investment (FDI) laws resurfaced. Amazon and rival Walmart-owned Flipkart are also being investigated by regulators for alleged anti-competitive practices and predatory pricing, among other charges. Amazon has committed around $6.5 billion to its India business. In an interview, Amazon’s global senior vice-pre...