Amazon changes biz structures in India

NEW DELHI : One of the biggest sellers on Amazon.com Inc’.s India website has returned after the online retail giant changed its business structures to comply with new federal e-commerce curbs that took effect last week, two sources told Reuters. India’s modified foreign direct investment rules that kicked in on February 1, prevent companies such as Amazon from selling products from vendors where they, or their group companies, have equity holdings. Amazon was forced to remove hundreds of thousands of items sold by top vendors Cloudtail and Appario as it indirectly held 49%equity stakes in both firms. On Thursday, Cloudtail had returned with more than 300,000 products listed on Amazon, after Amazon cut its indirect holding to 24%, one of the sources with knowledge of the matter told Reuters.