Company Overview and News

 
Amazon in talks to buy 8% stake in Future Retail

18h freepressjournal.in
New Delhi: Online retailer Amazon is said to be in advance talks to acquire 7-8 per cent stake in Kishore Biyani-led Future Retail and the deal could be worth over Rs 2,000 crore, according to sources. Amazon, which is looking to expand its presence in India, already has stake in Shoppers Stop and More.
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Jeff Bezos’ big India bet: Amazon may buy up to 8% stake in Kishore Biyani’s Future Retail

2018-10-16 financialexpress
Deepening its tentacles in the Indian market, Jeff Bezos-led Amazon is likely to pick up up to 8% stake in Kishore Biyani’s Future Retail, CNBC TV18 reported citing sources. The deal is likely to be signed in the next two weeks. According to the currenlty available details, Amazon will pick up a 7-8% stake in Future Retail through its investment arm.
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Amazon Unveils New Fire TV Stick 4K, Expands India Presence

2018-10-08 zacks
Amazon.com Inc. (AMZN - Free Report) has already witnessed a huge success owing to its Fire TV Stick, which was launched last year in India.
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GoAir latest offer! Now, save up to Rs 2,000 on flight bookings; here’s how

2018-09-28 financialexpress
GoAir offer: Budget airline GoAir has come up with an exciting offer under which select customers can save up to Rs 2000 on ticket prices. “Enjoy exciting offers with GoAir! Get value back of up to Rs 2000 from RuPay, Shoppers Stop, Treebo Hotels and Xoxoday on your next flight booking. Hurry! Be smart and fly GoAir,” airline said. The customers booking with a RuPay card can avail a rebate up to 10 percent.
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Amazon (AMZN) Boosts Presence in India With Prime Reading

2018-09-26 zacks
Amazon (AMZN - Free Report) has rolled out a new service called Prime Reading in India in a bid to strengthen its presence in e-commerce space of the country. With the latest move, the company strives to cater to the passion for reading books among the consumers in India. Through this initiative, the company is giving free of cost access to hundreds of e-books across various sections like fiction, non-fiction, literature, romance and others via Kindle e-book reader or Kindle app.
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Amazon and Samara Capital invest in ‘more’ owner Witzig

2018-09-21 freepressjournal.in
New Delhi: US online retail giant Amazon and Samara Capital have jointly invested in Witzig Advisory Services Pvt Ltd (WASPL), the entity that has recently announced the acquisition of Aditya Birla Retail’s ‘more’ chain of stores in India. “Amazon and Samara Capital have agreed to co-invest in a facilities support and management and value added services company called WASPL…Both Samara and Amazon see significant growth potential in the area of facilities support and management and valued added services in the coming years,” an Amazon spokesperson said in an e-mailed statement late Thursday evening.
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What Amazon-More deal means for offline retail in India

2018-09-21 livemint
New Delhi: Amazon has been making inroads into India’s offline space since last year, much like in the US, through partnerships and acquisitions of well-known consumer brands and start-ups. Mint analyses how it is trying to disrupt the offline retail space for a bigger slice of the pie.
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Shoppers Stop Limited - Analysts/Institutional Investor Meet/Con. Call Updates

2018-09-21 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information.
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Samara-Amazon group adds More to cart for Rs 4.2K cr 

2018-09-20 freepressjournal.in
New Delhi : Private equity fund Samara Capital and online retail behemoth Amazon on Wednesday signed a deal to acquire Aditya Birla Group’s food and grocery retail chain More for an enterprise value of Rs 4,200 crore.
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Myntra looking for mall space in metros, may soon open offline stores: report

2018-09-19 moneycontrol
After dominating the online fashion space for the past few years, Myntra is in talks with many mall operators in top cities to open multi-brand offline stores, including large department stores, The Economic Times reports.
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Tiger Shroff, Mojostar launch active wear brand PROWL

2018-09-10 moneycontrol
Tiger Shroff has joined the bandwagon of celebrities launching their lifestyle brand. The Bollywood actor on September 10 launched his own active clothing and accessories brand PROWL, in partnership with Mojostar.
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Retailers acknowledge new paradigm shift in consumer behavior at India Retail Forum 2018

2018-09-08 moneycontrol
Indian retail is coming to terms with the digital disruption that is converging the online and offline retailers to explore customer insights using artificial intelligence in the new landscape for retail that is set to usher.
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Will expand to 41 cities now, focus on use of AI: Shoppers Stop CEO Rajiv Suri

2018-09-05 moneycontrol
Shoppers Stop is planning to open five more department stores and expand its presence to 41 cities, up from the current 38, said Rajiv Suri, Managing Director and Chief Executive Officer (CEO).
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Amazon's Regional Language Initiative to Boost India Market

2018-09-04 zacks
Amazon (AMZN - Free Report) is firing on all cylinders to bolster presence in the online retail space of India on the back of its robust e-commerce platform and aggressive retail strategies. Recently, Amazon introduced a version of its online shopping website and application for mobile in Hindi — India's most widely used language — to make shopping more convinient. Moreover, the latest move will enable the company to bridge the language barrier that exists in the country.
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