Competition and Industry News
Ahead of Prime Day, Amazon India expands its specialized network for large appliances, furnitureedit
Ahead of Prime Day (July 15 – 16), Amazon today announced the expansion of its network of specialized Fulfilment Centers (FC) and Delivery Stations for Large Appliances and Furniture. The company will launch specialized Fulfilment Centers in two new cities – Patna and Guwahati, and add more storage capacity to its existing specialized FCs in New Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, Ludhiana, and Ahmedabad among other cities. The e-commerce platform increases storage capacity; boosts faster deliveries for customers across 14,000 pin codes.
Publication: Economic Times
Date: July 8, 2019
AmazonExpansionAmazon wants users to experience the products they purchase in VR ahead of Prime Day 2019edit
In addition to experiencing the products, customers will also be able to, as Amazon explain, fly through the world of Prime Day, walk through its streets and play engaging games, at these VR booths. This means that they will also get a chance to take a look at the movie titles and new music releases that will be available during the Prime Day. Amazon’s VR booths are available at – Select City Walk and Ambience Mall in Delhi NCR, Phoenix Market City in Bengaluru, Express Avenue in Chennai, Amanora Mall in Pune, GVK One in Hyderabad, and Mani Square in Kolkata.
Publication : India Today
Date : July 8, 2019
Amazon
Budget 2019: Sitharaman offers an array of tax reliefs to start-up fraternityedit
Union Budget 2019: The FM announced that the eligible start-ups shall not be subjected to any tax scrutiny in relation to valuation subject to submission of prescribed declarations and information. The Angel tax, introduced by the Budget 2012, has been a major concern. It is a tax levied in the hands of an unlisted company that has raised capital at a value exceeding its fair market value, determined as per the valuation methodology prescribed under the Income Tax rules. Excess of such share issue proceeds over and above the fair value is taxable in the hands of the recipient company.
Publication: Financial Express
Date: July 9, 2019
Angel taxTaxIndia’s $5 trillion goal depends on the success of SMEsedit
Small and medium enterprises- SMEs in India, Mittelstand in Germany, Zhongxiao qi ye in China – constitute the lifeblood of most economies around the world. While this is widely recognized and studied, policies and consequent economic outcomes are widely variant across countries. In India, we add the word “micro” to the classification: MSMEs make up a substantial segment (over 95%) of the nearly 60 million enterprises in India. The budget correctly targets startups as a source of job growth but needs to be a lot bolder.
Publication: Mint
Date: July 9, 2019
Budget