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Amazon launches online pharmacy in India

US tech giant Amazon launched its first Indian online pharmacy service on Friday (14) as it attempts to grab more of the country's burgeoning e-commerce market.

Amazon is battling Walmart-backed Flipkart and JioMart, owned by Asia's richest man Mukesh Ambani, as well as local companies in the vast market of 1.3 billion people.


India has seen nearly 2.5 million confirmed coronavirus infections -- more than any other country besides the United States and Brazil -- and healthcare startups are seeing huge demand for services as a result of the pandemic.

Customers in Bangalore, India's IT hub, will be able to order prescription and over-the-counter medicines and basic health devices from certified sellers, Amazon India said in a statement.

"This is particularly relevant in present times as it will help customers meet their essential needs while staying safe at home," Amazon said.

The firm owned by Jeff Bezos, the world's richest person, will also conduct pilot projects in other Indian cities, a company spokeswoman told AFP.

Amazon already offers online pharmacy sales in the US and several European countries, and has registered "Amazon Pharmacy" trademarks elsewhere, the spokeswoman added.

India's digital health market is forecast to explode from around $4.5 billion in the current financial year to $25 billion by 2025, according to consulting agency RedSeer.

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ITC Hotels' shares closed flat at Rs 207.80 (£1.73) on the NSE on Thursday

itchotels

British American Tobacco to sell stake in Indian hotel chain

Highlights

  • BAT to sell between 7 per cent and entire 15.3 per cent stake in ITC Hotels via block deal.
  • Proceeds will help company achieve target leverage range of 2-2.5x by end of 2026.
  • BAT acquired stake following ITC Hotels' demerger from parent company ITC in January 2025.
British American Tobacco announced on Thursday it plans to sell its stake worth about $776 m (£580 m) in in ITC Hotels through an accelerated bookbuild process, as the tobacco group moves to reduce debt on its balance sheet. BAT intends to offload between 7 percent and its entire 15.3 percent shareholding in the Indian hotel chain.

The company's wholly owned subsidiaries, Tobacco Manufacturers (India) Limited, Myddleton Investment Company Limited and Rothmans International Enterprises Limited will conduct the block deal with institutional investors.

The final number of shares sold will be determined to optimise overall pricing outcome for the group, BAT said. Funds raised from the transaction will help the company transition to its target leverage range of 2-2.5x adjusted net debt to adjusted EBITDA by the end of 2026.

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