Amazon tests offering buy now, pay later option to some US users
Amazon has partnered with Affirm to test offering select Amazon US customers the buy now, pay later checkout option. The partnership will let Amazon customers split purchases of $50 or more into smaller, monthly installments. Approved customers will be shown the total cost of their purchase upfront and will not have to pay more than what they agree to.
NITI Aayog remained silent when e-comm giants evaded rules: CAIT
Confederation Of All India Traders (CAIT) President BC Bhartia, while slamming NITI Aayog for “interfering” in proposed e-commerce rules, said the agency remained a “silent spectator” for years when the foreign e-commerce giants circumvented every rule of the FDI policy. Bhartia added the agency has suddenly decided to speak at a time when the proposed rules will “potentially end the malpractices of the e-commerce companies”.
Grofers criticised for its 10-minute grocery deliveries; Founder clarifies how it’s done
After Grofers was criticised over its promise to deliver groceries in 10 minutes and accused of exploiting its workforce, founder Albinder Dhindsa on Saturday released a clarification. Dhindsa explained that fast delivery was possible as Grofers has partner stores located within 2km of their customers. He added that the company’s riders are not “incentivised” to deliver orders fast.
Ola Electric in talks to raise $1 bn from investors
Ola Electric Mobility is in talks to raise as much as $1 billion from strategic and financial investors. It has hired investment bank JP Morgan, which has reached out to several large private equity funds for the investment.
Unimaginable damage if Reliance deal stopped: Future Retail files new case in SC
Future Retail has filed a new case against Amazon in the Supreme Court to seek clearance for its ₹24,713-crore deal with Reliance Industries. If the deal doesn’t go through, it could lead to “unimaginable” damage and 35,575 job losses, it argued. Earlier, Supreme Court ruled in favour of Amazon and upheld the Singapore arbitrator’s order which halted the deal.