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Amazon scaling up investment for Indian marketplace biz

E-commerce giant Amazon has invested additional Rs 2,700 crore for its Indian marketplace unit at a time when it continues to battle its local rival Flipkart along with investing about Rs 100 crore for food retail business in India, according to a report from Mint.

iWorld e-commerce
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CCI approves 16$ bn acquisition of Flipkart by Walmart

The Competition Commission of India (CCI) has approved American retail giant Walmart’s $16 billion acquisition of online marketplace Flipkart.

MAM Marketing Brands
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Flipkart, Amazon reduce ad spends on Google

With Google launching an e-commerce platform in the near future, the country’s largest online retail stores, Flipkart and Amazon India, have slashed advertising spends on the web-search company. Both the players see this as a serious threat, as a Mint report quoted two people, familiar with the...

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Walmart sells $16 billion worth of bonds for Flipkart acquisition

American multinational retail corporation, Walmart, has decided to sell $16 billion worth of bonds to help finance its investment in Indian e-commerce giant Flipkart.

MAM Marketing Brands
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Maurice Lévy's office now on Airbnb

MUMBAI: Maurice Lévy, the eccentric creative genius and Publicis Groupe's chief executive officer is at it again! Going viral with his traditional ‘end-of-year’ address to everyone at the media agency, and the advertising community at large. Except, this will be his last such address. Maurice Lévy...

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