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Amazon India losses double in FY2016

Monday, December 26, 2016 | More »

Online retail giant Amazon.com Inc.’s India unit saw its losses more than double in the financial year 2015-16 as it spent heavily to hold off competition from Indian e-commerce giant Flipkart. Amazon India’s losses for the fiscal year ended March 2016 soared to Rs 3,572 crore from Rs 1,...