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Amazon India’s Future Plan

Business Today

RAFT COSMIC EV

RACING AHEAD • COMMERCIAL VEHICLE SALES (EX-SHOWROOM) WENT UP BY 26.7% IN FY24 AFTER GROWING 55.7% IN FY23, WITH REGISTRATIONS SETTING A NEW ALL-TIME HIGH OF 2.5 MILLION. WITH PREDICTION OF AN ABOVE-NORMAL MONSOON, SALES ARE EXPECTED TO ZOOM AHEAD

REPOSING FAITH

ROBUST REVENUES • The GST revenue growth will remain strong but sustaining it may be difficult

GOING FORWARD

Fear Grips the Street • General Elections and fears over US inflation are spooking the Indian markets. How long will the uncertainty continue?

INDIAN ACCENT • The ESG rating providers certified by Sebi have to now come up with models that take India’s specific circumstances into consideration

RATING RATIONALE

An Extended Interval • The IPL and the General Elections have hit Bollywood hard. On top of that, it has to deal with weak content

A Growth Pill for Aakash • As Byju’s-owned Aakash Institute stares at an uncertain future, its healthcare arm—Aakash Healthcare—is planning an expansion

“We are still at the beginning of expansion in India” • Jean-Marc Pontroué, CEO of Panerai, speaks on India being one of the fastest growing markets for the Geneva-headquartered luxury watch brand

“New age and virtual digital assets are increasingly becoming popular with HNIs” • In recent years, India has been at the forefront of the crypto narrative, particularly in terms of retail adoption. However, a new chapter is unfolding as more and more High Net Worth Individuals (HNIs) are now exploring crypto investing. This shift is driven by a combination of global industry developments and regulatory advancements. The approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) and the Bitcoin Halving event in April 2024 have heightened HNI interest in crypto assets. Moreover, the Compliance-first approach adopted by Indian exchanges has bolstered confidence among HNIs, making crypto investing an attractive proposition.

WHAT THE FUTURE HOLDS FOR AMAZON INDIA • THE E-COMMERCE GIANT HAS SEEN STEADY GROWTH SINCE ITS ENTRY INTO INDIA IN 2013, BUT THE OFFLINE PIECE REMAINS A CHALLENGE. AFTER LOSING OUT ON THE FUTURE RETAIL ACQUISITION, HOW DOES IT PLAN TO KEEP THE GROWTH ENGINES REVVING?

THE INDIA PLAN

THE NETWORK

TWISTS AND TURNS

FUTURE TENSE • Amazon’s proposed buyout of Future Retail has been locked in courtroom battles for years and is unlikely to have a quick resolution

“WE HAVE A MODEL MADE IN INDIA, FOR INDIA, AND BY INDIA” • Manish Tiwary, Country Manager of Amazon India, on the opportunities in the country, digital, and more

ON THE FAST TRACK • THE DEDICATED FREIGHT CORRIDORS (DFC) NETWORK OF THE INDIAN RAILWAYS HAS STARTED ATTRACTING MORE FREIGHT PLAYERS. FROM CONNECTING MAJOR PORTS TO CRISS-CROSSING MULTIMODAL LOGISTICS PARKS, DFCs ARE SET TO BE A GAME CHANGER FOR FREIGHT SERVICES IN INDIA

CORRIDORS OF TRANSFORMATION

NEW BUSINESS STREAMS

STRENGTHS AND CHALLENGES

‘‘ChatGPT helped people understand the benefits of using AI” • Humane Inc. Co-founders Imran Chaudhri and Bethany Bongiorno on AI, their product, the company’s vision, and more

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DIGITAL DICHOTOMY • Where does one draw the line between protecting consumer interests and maintaining market freedom? Industry and experts are debating this even as the Digital Competition Bill seeks to rein in Big Tech firms in India, the world’s second-largest internet market

THE STORY SO...