Angry Indian traders counter Amazon summit with own event
The Hindu
Indian traders have long alleged that Amazon and Walmart Inc's Flipkart benefit a few big sellers and that the companies engage in predatory pricing that harms their businesses.
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Thousands of Indian small businesses will organise an event this week in protest at the business practices of foreign e-tailers like Amazon.com Inc, taking a dig at the U.S. group's summit with their own event. Starting Thursday, Amazon is organising a virtual summit in India named "Smbhav", which phonetically means "possible" in Hindi, to showcase opportunities offered by the U.S. firm to get small businesses to expand and sell online.
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Before this, the trains were running at a 10-minute frequency.