For the first time ever, the two companies have gone back to drawing boards to revise their announced dates fearing early competition from the rival.
More than 78% of the surveyed Amazon sellers expect to reach out to new customers, 71% mentioned an increase in their sales and 71% mentioned a recovery in their business as their top expectations from the festive season.
The sale, for an undisclosed amount, will not affect the chain’s India operations
Amazon did not reveal its market share, but said 63 percent orders in this segment came from tier 2 and 3 cities.
The Tata Group in its over 140 years of existence has always endeavoured to deliver new products and technologies. To further fuel innovation, in the early part of the last decade, the Tata Group had constituted the Tata Group innovation forum with a singular focus of channelling the spirit of innovation amongst its group companies.