Narayan Murthy planning e-commerce joint venture with Amazon?

Infosys co-founder N R Narayana Murthy is close to entering into an e-commerce joint venture in India with Amazon.com Inc through his investment firm, Catamaran Ventures.

Catamaran will hold a 51% stake in the business, as required under India's foreign direct investment rules, the newspaper reported, citing sources.

Murthy built up Infosys into one of India's top outsourcing service companies. He stepped down as executive chairman of the company earlier this month.