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Business
Piyush Goyal Clarifies Government Stance on E-Commerce, Advocates Fair Competition
New Delhi: Commerce and Industry Minister Piyush Goyal, after initially criticising Amazon for its pricing strategies, clarified on Thursday that the government is not against e-commerce but is committed to ensuring fair competition between online and offline markets. Speaking to students at Atharva College in Mumbai, Goyal emphasized that while the government welcomes foreign direct investment (FDI) and technological advancements,…
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Business
Amazon’s Jeff Bezos Sells 24 Million Shares Worth $4 Billion
Jeff Bezos, the executive chair of Amazon and multi-billionaire, has recently sold over $4 billion worth of Amazon shares, totaling 24 million shares this month. This follows the company’s earlier announcement that Bezos plans to sell 50 million shares, valued at around $8.4 billion. The move is part of Bezos’s financial strategy, and he had not sold any Amazon shares…
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