Amazon Prime Launches In India

By Tonya Garcia Markets MarketWatch Pulse

Amazon.com Inc. said Tuesday that the Prime membership program has launched in India in more than 100 cities. Amazon is offering a 60-day trial period and an introductory discounted annual rate of INR 499 (about $7.41), down from INR 999 (about $14.83). For cities that are not yet eligible for one- or two-day delivery, members will receive free delivery with no minimum purchase. Amazon shares are down 0.2% in Tuesday trading, but up 39.5% for the past year. The S&P 500 Index is up 4.3% for the last 12 months.

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