Amazon India sales rise but loss widens
Bengaluru: Amazon Seller Services Pvt. Ltd, the Indian unit of the world’s largest online retailer, reported a 50.2% jump in sales to Rs.168.9 crore for the year ended 31 March, as the company quickly expanded its India marketplace platform to emerge as the biggest threat to local rivals Flipkart... read more »
Coal India drops after CCI orders
Coal India lost 0.83% at Rs 352.80 at 9:16 IST on BSE after the Ministry of Corporate Affairs said that CCI has issued two separate orders against the company and its subsidiaries for abusing their dominant position. Meanwhile, the S&P BSE Sensex was up 75.14 points or 0.28% at 26,828.04. On... read more »
‘Black money’ mountain of a mole hill: Govt discloses eight more names to S...
The government on Monday disclosed in the Supreme Court eight more names against whom it has initiated prosecution under the Income Tax Act for allegedly stashing black money in foreign banks. Those who have been named are: Dabur India promoter Pradip Burman, bullion trader Pankaj Chamanlal... read more »
Japan telecom giant SoftBank to invest $10bn in India
NEW DELHI/ MUMBAI: Japanese telecom and internet giant SoftBank on Monday announced its intent to invest nearly $10 billion (around Rs 60,000 crore) in India over the next few years, with Masayoshi Son, the $92 billion conglomerate’s chairman and founder, expected to kick off investments... read more »
