AMAZON VP WARNS AGAINST DELIBERATE EFFORT TO DISCREDIT AMAZON’S BUSINESS IN INDIA

HIGHLIGHTS

• Amit Agarwal, Amazon global senior VP and India head, claims deliberate and organized effort being made by vested interests to discredit Amazon’s business in India.
• Amazon has been accused of allegations of circumventing FDI norms.

S. KOREA’S RETAIL SALES ROSE BY 6 PERCENT IN JANUARY

Highlights –

• S. Korea’s retail sales rose by 6 percent in January.
• Due to the pandemic more consumers purchased daily necessities from online stores.
• In January, combined sales of 26 major offline and online retailers reached 12...

E-TAILING TO REACH $ 140B GMV BY 2025

HIGHLIGHTS

• E-Commerce sector grew significantly in India during lockdown period.
• By 2025, E-tailing is expected to reach $ 140 billion GMV.

Among all the sectors which was impacted by COVID-19, e-commerce showed the most resilience a...

AMAZON DOCUMENTS REVEAL COMPANY’S PLAN TO DODGE INDIA’S REGULATORS

HIGHLIGHTS

• Many secret documents have revealed the plan of Amazon to dodge Indian regulators.
• Amazon is favoring big sellers on its platform.
• Amazon has used big sellers to twist rules meant to protect the small retailers in India from gett...

HYUNDAI MOTOR INDIA'S RETAIL SALES ROSE OVER 4 PERCENT IN JAN 2021

HIGHLIGHTS

• In JAN 2021, Hyundai Motor India's retail sales increased by 4%.
• The market share of Hyundai Motor India in the PV segment expanded to 17.13%.
• In JAN 2021, Hyundai Motor India retailed 48,250 units.
• Aura, Creta, i2...

THAI SEC: LOOKING AT PARAMETERS OF RETAIL INVESTORS BEFORE LETTING THEM INVEST

Highlights:

•          Thai SEC wants to protect its retail investors

•          It wants to fix up qualifying parameters for the retail investors

Securities and Excha...

HONG KONG RETAIL INVESTORS BANNED FROM CRYPTO INVESTMENTS

Highlights:

• Hong Kong retail investors will no longer be able to invest in crypto
• This move is to strengthen the country’s anti-money laundering policy  

Cryptocurrencies and crypto assets have earned a bad name for themselves due to peopl...

ADITYA BIRLA FASHION BUYS STAKES AT SABYASACHI

HIGHLIGHTS

• Sabyasachi has sold 51% stake to Aditya Birla Fashion Ltd.
• Sabyasachi brand was founded by Sabyasachi Mukherjee.

Although not the reigning brand in Indian fashion, Sabyasachi, is certainly one of the most influential label...

NEW AMAZON CEO ANDY JASSY HAS BIG PLANS FOR AMAZON INDIA

HIGHLIGHTS

• Jeff Bezos has resigned as Amazon CEO.
• Andy Jassy is the new Amazon CEO.
• There are speculations about Andy Jassy having big plans for Amazon India.

With Jeff Bezo resigning as Amazon Chief Executive Officer (CEO...

APPLE TO OPEN RETAIL STORES IN INDIA

HIGHLIGHTS

• Apple is planning to open retail stores in India due to high sales.
• Q4 2020 was the best quarter for a multinational giant in India.
• Apple has sold over 1.5 million units in the country.

Apple Inc. is planning t...

FLIPKART PARTNERS WITH 5000 RETAIL OUTLETS IN INDIA

HIGHLIGHTS

• Flipkart is forged partnership with 5000 retail outlets in India.
• Flipkart has launched Super Coin Pay.

Flipkart has launched SuperCoin Pay that can be used by its customers across thousands of retail stores across the cou...

CCI APPROVES FLIPKART-ADITYA BIRLA FASHION DEAL

HIGHLIGHTS

• CCI has approved Flipkart-Aditya Birla Fashion Deal.
• Traders urged to commerce minister Piyush Goyal to prevent this deal.
• Traders alleged that Flipkart could not indulge in brand retailing through equity.
• DPIIT had al...

SHINSEGAE GROUP ANNOUNCES ACQUISITION OF A PRO-BASEBALL CLUB OWNED BY SK GROUP

Highlights –

• Shinsegae Group announced acquisition of a pro-baseball club owned by SK Group.
• E-Mart Inc. will buy the SK Wyverns of the KBO from SK Telecom Co.
• E-Mart is expected to officially sign the main contract on Feb. 23
...

INDIAN STOCK EXCHANGES APPROVE $ 3.4 BILLION RELIANCE AND FUTURE DEAL

HIGHLIGHTS

• Indian stock exchanges have approved the US $ 3.4 billion deal between Future Group and Reliance Retail.
• Amazon did not want this deal to happen.

Recently, Indian stock exchanges approved the US $ 3.4 billion deal between ...

INDIAN STOCK EXCHANGES APPROVE $ 3.4 BILLION RELIANCE AND FUTURE DEAL

HIGHLIGHTS

• Indian stock exchanges have approved the US $ 3.4 billion deal between Future Group and Reliance Retail.
• Amazon did not want this deal to happen.

Recently, Indian stock exchanges approved the US $ 3.4 billion deal between ...

CCI APPROVES FLIPKART-ADITYA BIRLA FASHION

HIGHLIGHTS

• CCI has approved the acquisition of 7.8% minority stake in Aditya Birla Fashion by FIPL.
• The plans were put into motion last year.
• FIPL is owned by Walmart Group.

Competition Commission of India (CCI) has approv...

AMAZON INDIA AND FLIPKART ANNOUNCE REPUBLIC DAY SALE 2021

HIGHLIGHTS

• E-Commerce stores have announced discount sales for 2021 Republic Day.
• They are discounts on Apple's AirPods, iPhone SE, and smart TVs.
• Bank card offers and attractive deals on electronics such as iPhones, laptop, Smart TVs e...

AUSTRALIAN GOVERNMENT ACCEPTED SUPER RETAIL GROUP'S RETURN OF JOBKEEPER MONEY

HIGHLIGHTS

• Josh Frydenberg, the federal treasurer has invited Super Retail Group's choice to deliberately return $1.7m of pay endowments to the Australian government, while Labor has called for other bouncing back retailers to take similar steps

AMAZON GOES TO COURT IN INDIA REGARDING RETAIL DISPUTE

HIGHLIGHTS

• Amazon‘s Indian partner wants to sell its retail assets in India to Reliance Industries.
• Amazon has filed an appeal in an Indian court against this decision.

In an Indian court, Amazon.com Inc. has filed an appeal in...

FAST RETAILING CO. OPERATING PROFIT IN SEPT.-NOV. 2020 ROSE BY 23.3 PERCENT

Highlights –

• Fast Retailing Co. operating profit in Sept.-Nov. 2020 rose by 23.3 percent.
• The company reported an operating profit of 113.09 billion yen ($1.09 billion).
• The company reported robust sales in Japan and China sold online...