How Bezos Lost Out to Billionaire Ambani in Poll-Bound India

amazon walmart india e-commerce rules politics election — Reliance Industries chairman Mukesh Ambani.

CREDIT: Pankaj Nangia/Bloomberg

Amazon.com and Walmart Inc.’s plans to dominate India’s online retail landscape have been ambushed by Prime Minister Narendra Modi’s political priorities heading into a tightening election. The vote, which must be held by May, has increased the influence of local retailers that lobbied for growth-crimping curbs on the U.S. giants. On cue, India this month…

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