#MarketWire is your daily roundup of notable business movements in the technology industry. This segment features news from Amazon, Google and Flipkart.
Amazon Prime Services to Roll Out in India in June
Amazon membership Prime services may become active in India this month. The service will allow users to pay a fixed amount in a year and, in India, it will allow such users to get guaranteed delivery in two days, and free delivery of lots of items with no minimum order size. In the US, Prime members also enjoy exclusive access to movies and TV shows, ad-free music, unlimited photo storage and Kindle books.
Amazon Prime will give fresh ammo to the $107-billion e-tailing behemoth in its fight with Flipkart. Read More
Google Tax will Come into force from Today
From today, an equalisation levy (popularly known as Google Tax) of 6% will have to be deducted by a business entity in India which makes payments exceeding Rs 1 lakh in the aggregate in a financial year to a non-resident (such as Google, Yahoo, Facebook, Twitter) service provider for specified services. For now, specified services cover online advertisements, provision for digital advertising space or any other facility or service for the purpose of online advertisements. Only B2B transactions attract this levy. Read More
Flipkart’s New Strategy – Cross-Selling its Services
Flipkart’s CEO, Binny Bansal is planning to cross-sell Flipkart’s commerce, supply chain and advertising services to its top-selling merchants and deep-pocketed brands such as Samsung.
The company also wants to monetize its registered customer base of 75 million by selling insights to these merchants and brands on who and where the top-paying customers are and what kind of products they want. Read More
Amazon India to Increase Commission it Charges Sellers
Amazon India is now about to charge sellers upto 9% commission on its marketplace. The move clearly states that eCommerce companies in India are looking to cut losses and make profits.
The US giant raised the maximum of 9% commission on mobile phone accessories such as cases and screen guards while that on luggage, pet accessories and shoes saw the minimum spike of 2%. Read More