India to launch a digital rupee in April
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India’s central bank is set to issue a digital version of its rupee in the next financial year, the country’s finance minister said.
“Introduction of a central bank digital currency…
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Amazon’s own ‘buy now, pay later’ service could soon launch internationally
Amazon’s ‘buy now, pay later’ service has amassed 2 million users in India leading to speculation its could be rolled out to other markets.
Amazon Pay Later, the retail giant’s…
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US officials defend Amazon after accusations it bypassed the law in India
Amazon’s business practices in India have been defended by US officials following reports that it had bypassed local laws in order to gain a foothold in the region.
In February,…
Read MoreAmazon is facing a ban in India as “shocking revelations” about its practices exposed
Amazon is facing a ban in India after a damning report was published laying bare “shocking revelations” about its strategy in the country.
Yesterday Reuters published an in-depth investigation into…
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Leading Indian online grocer BigBasket reeling from major cyber attack
Cyberattackers have stolen the personal details of millions of users of Indian online grocer BigBasket, according to Bloomberg News.
BigBasket co-founder and chief executive Hari Menon confirmed the attack, which…
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Reliance Retail pushes on with Future Group $3.4 bn acquisition despite Amazon protests
India’s largest retail chain Reliance Retail has stated its proposal to acquire Future Group’s assets for $3.4 billion is fully enforceable under Indian laws.
On Sunday Reliance said that it…
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Alibaba’s Jack Ma summoned to Indian court over allegations of censorship and fake news at the retailer
Alibaba’s founder Jack Ma has been summoned to a court in India amid allegations the retailer censored content seen as unfavourable to China.
China’s richest man has been thrown into…
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Amazon could soon be forced to reveal its closely guarded “source codes and algorithms”
Amazon may be forced to reveal its closely guarded “source codes and algorithms” if it wants to continue trading in India.
India is working on a new ecommerce policy designed…
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WhatsApp users in India can now order online groceries through the app
WhatsApp users in India can now use the app to make online grocery orders amid a new partnership with JioMart.
Last week Facebook announced a $5.7 billion (£4.6 billion) investment…
Read MoreAmazon’s $1bn pledge snubbed by India as “no great favour” as tensions mount
Amazon’s pledge to invest a further $1 billion in India has been snubbed by the country’s trade minister as tensions continue to grow.
Earlier this week Jeff Bezos appeared on…
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Omnichannel global cosmetics company Revolution Beauty is a force to be reckoned with. With profits soaring – last year’s total earnings were recently revealed to have jumped by 73% to…