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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The snubbing of Amazon and Jeff Bezos by the government is perplexing
Editor's note: In 2016, during his fourth visit to the US after coming to power in 2014, Indian Prime Minister Narendra Modi spoke about his government’s efforts to maintain prudent macroeconomic policies and improve the investment climate in the country. The Indian economy was doing alright. The outlook was okay, even positive. The prime minister was buoyant and extremely bullish on the future. At the US-India Business Council’s 41st Annual Leadership Summit, Modi said India would continue to make progress on improving the investment climate and ease of doing business. During that summit, a beaming Modi presented the Global Leadership Award to Amazon Inc. CEO Jeff Bezos. Both spoke about the importance of the other, and Bezos announced investment commitments of $3 billion in his company’s Indian business. (During his 2014 visit to India too, things had been very cordial. Bezos wrote a $2 billion cheque that time.) https://twitter.com/narendramodi/status/740370873874579456 But 2016 seems a long time ago. When the Amazon founder and CEO visited India last week, there were no festivities. No grand photo-ops. And no love from the government—on the contrary, the …
The snubbing of Amazon and Jeff Bezos by the government is perplexing
Editor's note: In 2016, during his fourth visit to the US after coming to power in 2014, Indian Prime Minister Narendra Modi spoke about his government’s efforts to maintain prudent macroeconomic policies and improve the investment climate in the country. The Indian economy was doing alright. The outlook was okay, even positive. The prime minister was buoyant and extremely bullish on the future. At the US-India Business Council’s 41st Annual Leadership Summit, Modi said India would continue to make progress on improving the investment climate and ease of doing business. During that summit, a beaming Modi presented the Global Leadership Award to Amazon Inc. CEO Jeff Bezos. Both spoke about the importance of the other, and Bezos announced investment commitments of $3 billion in his company’s Indian business. (During his 2014 visit to India too, things had been very cordial. Bezos wrote a $2 billion cheque that time.) https://twitter.com/narendramodi/status/740370873874579456 But 2016 seems a long time ago. When the Amazon founder and CEO visited India last week, there were no festivities. No grand photo-ops. And no love from the government—on the contrary, the …
The retailer has shrunk operations to fix its loss-making vertical. But a reduced presence risks hurting volumes in a segment dominated by Blinkit and Instamart.
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
After 19 investment rounds and over $2.1 billion raised, the kirana supply startup’s investors seem to finally be in the mood to collect their dues. What happens next?
The retailer has shrunk operations to fix its loss-making vertical. But a reduced presence risks hurting volumes in a segment dominated by Blinkit and Instamart.
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
After 19 investment rounds and over $2.1 billion raised, the kirana supply startup’s investors seem to finally be in the mood to collect their dues. What happens next?
