AMA­ZON DOU­BLES IN­DIA WAR CHEST

Hindustan Times (Delhi) - - FRONT PAGE -

Ama­zon In­dia has nearly dou­bled its au­tho­rised cap­i­tal to ₹31,000 crore ($4.74 bil­lion), nearly match­ing its mam­moth cap­i­tal com­mit­ment of $5 bil­lion made in June last year. Not only does it im­prove the prospect of fur­ther in­vest­ment com­mit­ments from founder and CEO Jeff Be­zos, it also sets the stage for an all-out war against lo­cal ri­val Flip­kart.

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