The announcement comes just days after Lee Jae-yong, the de-facto leader of the conglomerate, walked out of prison on parole after completing only about half of his jail term.
Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services saw their losses adding up to Rs 7,899 crore in FY20.
Along with DST Global, Ribbit Capital, Sequoia Capital, and Tiger Global have also invested in Cred.
Looking at India’s problems of farm productivity, public health, renewable energy, something isnt' right if the departments involved are contributing only a quarter of the already low GERD.
China and America are heading toward divorce: Beijing's overreach, Washington's underperformance to blame
While China may think it has nothing to fear and much to gain from a Donald Trump victory over Joe Biden, the real US-China story should be cause for alarm in Beijing
Every Indian should pledge to use India-made goods so country can become 'aatma nirbhar': Amit Shah to CNN-News18
Amit Shah highlighted the Centre's economic package worth Rs 20 lakh core and said that PM Modi's Vocal for local push will not reduce foreign investments.
UP, MP ease labour laws: India needs to ride this wave focussing on employee health, safety and correct 'miserable' record in this matter
Labour regulations such as 8 hours work days were brought in after years of protests against exploitation.
Indians venture into US stocks as markets slump at home; pick up exposure to global technology giants
More Indian investors are turning to US stocks to escape tumbling markets at home and pick up exposure to global technology giants that are rising through the coronavirus-led market turmoil
Coronavirus Impact: Jewellers focus on online sales ahead of Akshaya Tritiya; high price, delivery concerns make customers wary
Akshay Tritiya is one of the biggest gold buying days due to the auspiciousness attached to it
Motilal Oswal Real Estate (MORE) has raised Rs 1,150 crore for its fourth realty fund from HNIs to invest in housing and commercial projects across six major cities, and has committed of around Rs 550 crore in nine projects from this fund, a senior company official said
Govt notifies schemes with Rs 48,000-cr incentive to boost electronics production; move may generate 20 lakh jobs by 2025
The SPECS notified for manufacturing of electronics components and semiconductors has a budget outlay of Rs 3,285 crore spread over a period of eight years.
Coronavirus Outbreak: RBI cuts repo rate by 75 bps, extends loan EMI payments, injects liquidity; key takeaways from Shaktikanta Das press conference
The RBI governor announced that the Repo rate stands at 4.20 percent now vs 5.15 percent earlier
Investment via SIP rises 5.2% to over Rs 8,500 cr in February despite broader market witnesses heavy volatility amid coronavirus concerns
According to the data, SIP contribution in February stood at Rs 8,513 crore, which was higher than Rs 8,095 crore clocked in the same month last year.
The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) tumbled to 40.3 last month, the lowest level since the survey began in 2004, and down sharply from the 51.1 reading in January as well
Govt puts in place stringent disclosure norms for auditor reports of companies; corporate ministry notifies CARO 2020
A specific format has been prescribed for auditors to report the period and the amount of default by the company in repayment of loans or other borrowings or in the payment of interest thereon to any lender.
Narendra Modi govt thrives on popularity in polls, but grim reality on roti-kapda-makaan provides stark contrast
Poll on poll indicates that the Narendra Modi government still remains the most popular government of the day, yet poised to win a Lok Sabha election if it may come.
DLF to invest Rs 5,000 cr in new commercial project in Chennai; company eyes to expand rent-yielding property portfolio
Tamil Nadu Chief Minister Edappadi Palaniswami laid the foundation stone of 'DLF Downtown' at Taramani in Chennai.
From receiving a leadership award from PM in 2016 to being snubbed by govt in 2019, much has changed for Amazon's Jeff Bezos
But apart from these policy and technical challenges surrounding Amazon, Bezos was greeted with a rather public snub by the Union Minister of Commerce Piyush Goyal, upon his offer to invest additional $1 billion to help small traders transition onto the online marketspace
Piyush Goyal backtracks on his statement against Amazon; says govt welcomes all types of investments in India
On Thursday, Goyal said Amazon was not doing a favour to the country by the investments and questioned how the online retailing major could incur such "big" losses but for its predatory pricing.
Assocham for cut in GST rates by 25% across the board for next six months to boost investment, consumer demand
Industry chamber Assocham on Wednesday urged the government to reduce GST rate by 25 percent across the board for the next six months with a view to boost investment and demand