Amazon sales jumped 34% to $43.7 billion and overall consolidated profit increased marginally from a year ago to $256 million in the September quarter. Amazon India is expected to come out with more such partnerships with domestic electronics manufacturers. “We had the first Prime Day there this year, Prime Music, Amazon Business is also expanding in India. We have free shipping on 10 million items there and we’re continuing to add benefits; Prime Video, Amazon Family,” he said. The competition between Amazon India and cross-town rival Flipkart is expected to intensify, with both companies having multi-billion-dollar war chests at their disposal.

Source: Mint October 27, 2017 18:11 UTC