MUMBAI (NewsRise) -- Amazon.com's stake purchase in Future Retail sets the stage for the U.S. company to embolden its distribution network in India, where intense competition and regulatory hurdles hobble its prospects.
Business deals
Amazon buys Future Retail stake to ride on billionaire Biyani's India store network
Company expands its foothold in brick-and-mortar retail market to take on Walmart
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Amazon is looking to leverage Future Retail's vast network of convenience stores across India, analysts say. © Reuters
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