The move is aimed at helping BJP win support of local traders — a key voting bloc for the party that suffered defeats in assembly elections this month.
Walmart has bid $15 billion for Flipkart Online Services Pvt, which could seal a triumph over Amazon.com Inc., which has been trying to take control of Flipkart with a competing offer.
Mumbai based Allcargo, reported a drop in profit in four of the past five quarters and is betting on technology to revive volumes and take on overseas rivals such as DHL Worldwide Express.
Walmart is in talks to take a minority stake in Flipkart that could go up to 50 or 60 per cent. While Amazon is pushing hard for deal with Flipkart because Walmart’s money will make competition even more fierce.
From Mughal ports to Dutch wars to Bombay’s merchant dynasties, Gujarati Muslims once shaped the Indian Ocean world — long before one of their descendants took New York.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
This govt works for its “friends”. They are cracking down on Flipkart and Amazon to safeguard interests of the brick and mortar stores, their traditional vote bank. Earlier this government had made life hell for service providers like Airtel etc only to help “friend JIO”.
Another example of helping friends is by now notorious — “friend Anil Ambani.” Then, some people used to say that Modi ji had crisscrossed the country in 2014 campaigns in friend Adani’s helicopter. (BJP had of course paid for all rental charges for the flying machine.)
A government “of the friends, by the friends, for the friends”. You can replace the word ‘friend’ with ‘democracy’ if you are a friend.
Jokes apart, what will happen to tens of thousands of jobs if Flipkart and Amazon businesses collapse? They are bravely making the “enemy” small consumer happy — what’s wrong with that?
This is to help Reliance to enter the e-commerce business. Nothing else.
This govt works for its “friends”. They are cracking down on Flipkart and Amazon to safeguard interests of the brick and mortar stores, their traditional vote bank. Earlier this government had made life hell for service providers like Airtel etc only to help “friend JIO”.
Another example of helping friends is by now notorious — “friend Anil Ambani.” Then, some people used to say that Modi ji had crisscrossed the country in 2014 campaigns in friend Adani’s helicopter. (BJP had of course paid for all rental charges for the flying machine.)
A government “of the friends, by the friends, for the friends”. You can replace the word ‘friend’ with ‘democracy’ if you are a friend.
Jokes apart, what will happen to tens of thousands of jobs if Flipkart and Amazon businesses collapse? They are bravely making the “enemy” small consumer happy — what’s wrong with that?