Amazon Eyes $5 Billion for Growing Service in India

Economic Times: Amazon is said to be readying a $5-billion war chest to grow India into its biggest market outside the U.S. The company is also set to roll out Amazon Prime, its instant video and subscription-based e-commerce services for high-end buyers, in India later this year. Amazon, which turned 20 last week, has completed two years in India, where its business is now worth at least $2 billion in gross merchandise value on the e-commerce side.