Amazon Prime Launches In India

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.