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VC-backed SectorQube draws takeover interest after failed deal

TMT

13 November, 2024

VC-backed SectorQube draws takeover interest after failed deal

SectorQube Technolabs Pvt. Ltd., which makes smart locks under the IKIN brand, has received inbound interest for an acquisition from ......

Enforcement Directorate to summon Amazon, Flipkart executives as scrutiny grows

TMT

11 November, 2024

Enforcement Directorate to summon Amazon, Flipkart executives as scrutiny grows

India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment ......

Enforcement Directorate raids offices of sellers using Amazon, Flipkart platforms

TMT

07 November, 2024

Enforcement Directorate raids offices of sellers using Amazon, Flipkart platforms

India's financial crime agency has raided offices of some sellers operating Amazon and Walmart-owned Flipkart in an investigation into alleged ......

Retail group seeks antitrust probe of Swiggy, Blinkit, Zepto

TMT

21 October, 2024

Retail group seeks antitrust probe of Swiggy, Blinkit, Zepto

India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies - Zomato's Blinkit, ......

Nestle nominates former Amazon exec Manish Tiwary as India MD

Consumer

07 October, 2024

Nestle nominates former Amazon exec Manish Tiwary as India MD

Nestle SA has nominated former Amazon India exec Manish Tiwary to replace Suresh Narayanan as the managing director of its Indian unit when ......

Amazon names veteran Samir Kumar as new India head

People

18 September, 2024

Amazon names veteran Samir Kumar as new India head

Amazon.com named Samir Kumar as its new India head on Wednesday, handing the reins to a 25-year company veteran as ......

CCI probe finds Amazon, Walmart's Flipkart breached India antitrust laws

TMT

13 September, 2024

CCI probe finds Amazon, Walmart's Flipkart breached India antitrust laws

An Indian antitrust investigation has found U.S. e-commerce giant Amazon and Walmart's Flipkart violated local competition laws by giving preference to ......

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Grapevine: Three firms make cut for Avendus; suitors line up for HUL ice-cream unit

General

10 September, 2024

Grapevine: Three firms make cut for Avendus; suitors line up for HUL ice-cream unit

Carlyle, Premji Invest, and Japan's Mizuho Financial Group are vying to acquire a controlling stake in Avendus Capital, currently owned by KKR, a media report ......

Commerce minister Goyal accuses Amazon, e-commerce players of predatory pricing

Consumer

21 August, 2024

Commerce minister Goyal accuses Amazon, e-commerce players of predatory pricing

India's commerce minister accused Amazon and other e-commerce companies of predatory pricing practices and said the sector's rapid rise should ......

Grapevine: Amazon nears Axio acquisition; PEs in race for Eye Foundation

General

31 July, 2024

Grapevine: Amazon nears Axio acquisition; PEs in race for Eye Foundation

Amazon is close to its second acquisition in the Indian fintech space, after Emvantage, a media report said.   The company is ......