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Amazon ’s business goals are in line with the government’s long-term priorities of digital empowerment and inclusion, its India head Amit Agarwal told ET in an interview. The US-based ecommerce behemoth has always complied with local laws, he added. Agarwal also reiterated Amazon’s commitment to empowering small sellers on its platform, countering narratives that it favours only a few large sellers. “In the long run, the priorities of the government, namely digital empowerment and inclusion, are aligned with our business priorities. We can only grow if more sellers come online and bring selection, and more customers come online to buy from Amazon,” he said. Amazon said more than 4,100 businesses did sales worth over Rs 1 crore each last year, translating to at least Rs 4,000 crore from small sellers on its platform. The company’s cumulative exports from India have grown to $2 billion and it has signed up 150,000 new sellers as well as 50,000 local shops in the last ... » Learn More about Amazon’s India goals aligned to government’s digital priorities, says Amit Agarwal

New Delhi, The Supreme Court Monday sought responses from Future Retail Ltd (FRL) and others on Amazon 's plea against the Delhi High Court direction to maintain status quo on the Future-Reliance deal. The apex court said the proceedings before the National Company Law Tribunal ( NCLT ) will go on and but will not culminate into any final order on amalgamation of FRL with Reliance. A bench comprising Justices R F Nariman and B R Gavai issued notices to FRL, Chairperson Kishore Biyani and others and sought their replies. The reply be filed in three weeks and a rejoinder to it after two weeks thereafter, the bench said, adding that the appeal will be listed for hearing after five weeks. The Delhi High Court on February 8 had stayed its single judge direction to FRL and various statutory authorities to maintain status quo with regard to the Rs 24,713 crore deal with Reliance Retail. The interim direction was passed on FRL's appeal challenging the February 2 order of ... » Learn More about SC notice to FRL, others on Amazon plea against HC direction for status quo on Future-Reliance deal

New Delhi: Petrol and diesel prices remained unchanged for third day on Friday as oil marketing companies kept the rates at pause. After seeing rate hike for 12 consecutive days since February 9, oil companies have kept the prices of oil steady for two consecutive days till Monday. On Tuesday, Petrol in Delhi was just 7 paise away from Rs 91 per litre while in Mumbai it is being sold at Rs 97 per litre, the most expensive in four metro cities. Here is looking at the price difference of diesel and petrol in four metro cities on February 26, 2021. City Petrol Diesel Delhi 90.93 81.32 Mumbai 97.34 88.44 Chennai 92.90 86.31 Kolkata 91.12 84.20 Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55. Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates. ... » Learn More about Petrol, Diesel Prices Today, February 26, 2021: Fuel prices remain unchanged for 3rd day; check prices in metro cities

Amazon appealed to the Supreme Court this month against Future Group's sale to market leader Reliance Industries , accusing its partner of violating contracts by agreeing to the sale. The outcome of the tussle involving two of the world's richest men, Amazon's Jeff Bezos and Reliance's Mukesh Ambani, could reshape India's pandemic-hit shopping sector and decide if Amazon can blunt Reliance's dominance of retail. Three people familiar with Monday's proceedings said the Supreme Court ordered that while the tribunal can continue to review the deal and oversee the approval process, it could not pass a final order while the court hears Amazon's concerns. "This is a good thing for Amazon," said one of the sources, who has direct knowledge of events. Stock exchanges and the antitrust watchdog have already cleared the deal, which now awaits clearance by the National Company Law Tribunal (NCLT), in line with regulatory procedures. A second source said Future had only asked the ... » Learn More about SC bars final tribunal ruling on Future’s $3.4 billion deal

By Peter George Bengaluru based Vishwanathan Ramakrishnan, along with his childhood friend Karthik Lakshaman, wanted to make learning experience for children fun by creating unique products in the education technology space. That is how start-up Magic Crate was conceived but building a suite of creative products for children with limited funds meant several amenities had to be procured at an economical cost. This is where ecommerce as an e-procurement platform stepped in, helping them realise their dreams by offering an optimal blend of opportunity, quality and cost and streamlining the complete procurement process for them. The story of Magic Crate is just one of many MSMEs that have a huge growth potential in India. Backbone of India’s economy - MSMEs: In focus now Contributing over 29% of India's GDP, over 90 lakhs-plus registered MSMEs employ nearly 11 crore people in the country(1|2). Since these enterprises contribute to 48% of the country’s exports, there is a ... » Learn More about B2B ecommerce- Unlocking the potential of thousands of MSMEs in India

For Quick Alerts Subscribe Now ABP Opinion Poll: LDF headed for 2nd term in Kerala; UPA may form government in Tamil Nadu View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Ayodhya UP: Ayodhya airport to be named after Lord Ram #Ayodhya More than Rs 1500 crore received in donations for Ram Mandir's construction: Trust #Ayodhya Picture of Kerala MLA donating money for Ram Mandir goes viral; Congress terms it as 'trap' #Ayodhya 10th trustee for Ayodhya Mosque Trust appointed #Ayodhya Allahabad HC rejects plea claiming ownership of land offered for Ayodhya mosque #Ayodhya Two sisters claim ownership of land offered for Ayodhya mosque, move court Just In 1 hr ago FCI Recruitment 2021: Now apply for AGM, Medical officer posts by March 31 1 hr ago Bodoland People's Front to be part of 'Grand Alliance' in Assam assembly polls ... » Learn More about Improper to question accountability of Ayodhya temple fund collection drive: Pejavar seer

By Venus Feng India’s Mukesh Ambani is back to being the wealthiest person in Asia. Despite a brutal week for markets, his Reliance Industries Ltd . was relatively unscathed as it said it would spin off its oil-to-chemicals business into an independent unit. With a net worth of about $80 billion, Ambani is again richer than Zhong Shanshan , whose bottled-water company tanked a record 20% this week. The Chinese tycoon is worth $76.6 billion, down more than $22 billion from a peak just last week, according to the Bloomberg Billionaires Index. Ambani spent most of the past two years leading the ranking of Asia’s richest people, taking over from Alibaba Group Holding Ltd.’s Jack Ma. Then the listing of two companies put Zhong on the map: He grabbed the title from Ambani at the end of December and by early 2021 was the sixth-wealthiest person on Earth, surpassing Warren Buffett. Zhong’s Nongfu Spring Co. more than tripled from its initial public offering to a peak in January as ... » Learn More about Mukesh Ambani is again richest Asian as China’s Zhong loses $22 billion

HYDERABAD : If your pocket is full and rising petrol price is not a concern, then head to select outlets of Indian Oil Corporation in Hyderabad for premium grade petrol which is designed to boost engine performance and give better drivability. IOC has launched 100 Octane petrol in Hyderabad at Rs 160 per litre. Premium world-class petrol was first introduced in Delhi, Gurugram, Noida, Agra, Jaipur, Chandigarh, Ludhiana, Mumbai, Pune and Ahmedabad in December last year. Since last few days, its sales have begun in Hyderabad as well. The price of this fuel is uniform across cities at Rs 160 per litre. “The 100 Octane fuel received good response from customers. Select outlets are recording daily sales of 200 litres to 300 litres per day. It is advisable to switch over to branded fuel for better performance of vehicles and enhanced engine life,” Rajiv Amaram, Consortium of Indian Petroleum Dealers joint secretary, said. This petrol is produced in IOC’s Mathura refinery. ... » Learn More about IOC launches 100 Octane premium petrol in Hyderabad, fuel to cost Rs 160/litre

It is common knowledge that Rabindranath Tagore authored the national anthem ‘Jana Gana Mana’ in 1911. But, not many know that it was translated into English as ‘Morning Song of India’ and given a tune on February 28, 1919 during Tagore’s brief stay at Madanapalle. Then a nondescript town, Madanapalle got a coveted place in history as Tagore chose to stay with Irish poet James H. Cousins, then principal of Besant Theosophical College. Till then, ‘Jana Gana Mana’ was just a lyric. It became a song after the principal’s wife Margaret Cousins gave it a tune. She had carefully studied the meaning of each line and composed the musical notes, which Tagore had happily approved. Before ‘Jana Gana Mana’ was declared the national anthem on January 24, 1950, two days before India became a republic, then Prime Minister Jawaharlal Nehru had asked musician Herbert Murrill to give his opinion on the tune. Original document sold “Murrill had felt it was a bit slow. He had increased the tempo ... » Learn More about When ‘Jana Gana Mana’ got its tune

Video Player Close BANGKOK, Feb. 28 (Xinhua) -- When a plane carrying Thailand's first batch of COVID-19 vaccines from China's Sinovac landed at an airport here on Wednesday, people waiting on the tarmac cheered and applauded. "Thank you to the People's Republic of China for delivering the first batch of vaccines this month and the following batches in the subsequent months," said Thai Prime Minister Prayut Chan-o-cha, when he welcomed the vaccines' arrival at the airport. Prayut expressed his gratitude while a refrigerated container, with a banner reading "COVID-19 vaccines, returning smiles to Thailand" written in Thai, was lowered from the plane. The Chinese vaccines would be distributed to 13 provinces of Thailand to prioritize health care workers and those most at risk, while more vaccine shipments are expected to arrive in March and April. Thailand, known as the Land of Smiles, is heavily reliant on tourism but it recently has seen a drop in tourism due to ... » Learn More about World Insights: More Southeast Asian nations embrace Chinese vaccines to fight COVID-19