Amazon is reportedly upping its investment in India by $2 billion

10:04 AM ET Tue, 5 June 2018

Amazon had previously committed $5 billion to the emerging market. Any extra capital would help stave off a threat from Walmart, which last month took a majority stake in Indian e-commerce giant Flipkart. Amazon was also reportedly eyeing a bid for Flipkart to bolster its already sizable India business.