Amazon India posts nearly $1 billion loss

In comparison, Flipkart India, the marketplace unit of the country's largest e-commerce marketplace, posted a 750% growth in losses to Rs 20.6 billion.Alnoor Peermohamed reports. Photograph:......

Amazon India lands in another mess

Domestic traders body CAIT on Thursday claimed that e-commerce major Amazon's plan to acquire Prione Business Services - its joint venture firm with Catamaran - will be a violation of foreign......

Amazon fined for not displaying mandatory info about products

The government has imposed a penalty on e-commerce major Amazon for not displaying mandatory information, including the country of origin, of products sold on its platform, according to an official......

Amazon seeks to acquire complete control of Prione

E-commerce major Amazon on Wednesday said it will acquire Prione Business Services - its joint venture firm with Catamaran, subject to requisite regulatory approvals. Prione Business Services was......

Twitter, Facebook purchase tenders for IPL media rights

Social networking giants Twitter and Facebook are among the 18 entities that have purchased the Invitation to Tender (ITT) for the lucrative Indian Premier League's media rights -- broadcast,......