Back to homepage

Tag "Amazon"

Amazon to shut food delivery business in India

Amazon to shut food delivery business in India

🕔09:01, 26.Nov 2022

New Delhi, Nov 26 (IANS) Amazon said on Friday that it is shutting down its food delivery business in India, a day after it announced to shut down its edtech vertical in the country. Amazon started its food delivery service in

Read Full Article
India saw sales worth Rs 76,000 cr in festive month: Report

India saw sales worth Rs 76,000 cr in festive month: Report

🕔13:30, 18.Nov 2022

New Delhi, Nov 18 (IANS) India saw robust online sales worth Rs 76,000 crore in the festive month from September 22 and October 23, a 25 per cent year-on-year (YoY) growth. According to Bengaluru-based Redseer Strategy Consultants, the tier 2 and

Read Full Article
Amazon to invest over 1 bn euros to electrify delivery fleet in Europe

Amazon to invest over 1 bn euros to electrify delivery fleet in Europe

🕔10:51, 11.Oct 2022

San Francisco, Oct 11 (IANS) E-commerce giant Amazon has announced that it will invest more than one billion euros to further electrify its transportation fleet across Europe over the next five years. The company said it is using thousands of zero-emission

Read Full Article
Amazon acquires home robot maker iRobot for $1.7 bn

Amazon acquires home robot maker iRobot for $1.7 bn

🕔19:34, 5.Aug 2022

New Delhi, Aug 5 (IANS) Amazon on Friday announced to acquire Global consumer robot company iRobot for $1.7 billion in an all-cash deal. iRobot introduced the first Roomba robot vacuum in 2002 and has sold millions of robots worldwide for cleaning,

Read Full Article
AWS now has $79 bn annual sales run rate as top Cloud provider

AWS now has $79 bn annual sales run rate as top Cloud provider

🕔07:38, 30.Jul 2022

New Delhi, July 30 (IANS) Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the leading Cloud provider once again. AWS reported $19.7 billion net sales

Read Full Article
Amazon sees $12 bn worth sales on Prime Day globally

Amazon sees $12 bn worth sales on Prime Day globally

🕔21:51, 17.Jul 2022

San Francisco, July 17 (IANS) Amazon saw sales worth at least $12 billion (according to third-party estimates) during its Prime Day event in the US and 15 more countries on July 12-13. It was the first Amazon Prime Day event under

Read Full Article
Amazon acquires Indian social commerce startup GlowRoad

Amazon acquires Indian social commerce startup GlowRoad

🕔10:55, 22.Apr 2022

E-commerce giant Amazon on Friday said that it has acquired homegrown women-focused social commerce startup GlowRoad for an undisclosed sum. New Delhi, April 22 (IANS) E-commerce giant Amazon on Friday said that it has acquired homegrown women-focused social commerce startup GlowRoad

Read Full Article
CCI approves acquisition of Prione by Amazon

CCI approves acquisition of Prione by Amazon

🕔07:32, 10.Mar 2022

The Competition Commission of India (CCI) on Wednesday approved the acquisition of Prione Business Services by e-commerce firm Amazon. New Delhi, March 10 (IANS) The Competition Commission of India (CCI) on Wednesday approved the acquisition of Prione Business Services by e-commerce

Read Full Article
Amazon shuts over 60 retail stores, to focus on grocery & fashion shops

Amazon shuts over 60 retail stores, to focus on grocery & fashion shops

🕔14:49, 3.Mar 2022

San Francisco, March 3 (IANS) Amazon has announced to shut down most of its brick-and-mortar storefronts, including Amazon Books, across the US and the UK, as the e-commerce giant aims to shift its focus on opening more fashion and grocery stores.

Read Full Article
‘Urge NCLAT to decide’: SC to Future, Amazon on plea challenging CCI order

‘Urge NCLAT to decide’: SC to Future, Amazon on plea challenging CCI order

🕔16:08, 23.Feb 2022

New Delhi, Feb 23 (IANS) The Supreme Court on Wednesday asked Amazon and Future Group to move National Company Law Appellate Tribunal (NCLAT) to expeditiously dispose of Amazon’s appeal challenging the Competition Commission of India (CCI) order, passed in December last

Read Full Article
Amazon, Visa to end global dispute over credit card fees

Amazon, Visa to end global dispute over credit card fees

🕔20:03, 17.Feb 2022

Tech giant Amazon has reportedly reached a global agreement with Visa to settle a dispute over the credit card giant’s fees. San Francisco, Feb 17 (IANS) Tech giant Amazon has reportedly reached a global agreement with Visa to settle a dispute

Read Full Article
Amazon makes offer to Future Retail for acquisition by an entity led by Samara Capital

Amazon makes offer to Future Retail for acquisition by an entity led by Samara Capital

🕔05:25, 24.Jan 2022

New Delhi, Jan 24 (IANS) Amazon has said it is pleased that for the first time since December 2, 2020, the independent directors of Future Retail are willing to consider Amazon’s assistance in addressing the financial concerns of FRL. “We note

Read Full Article
E-commerce firm Amazon to acquire Catarman’s stake in Prione Business Services

E-commerce firm Amazon to acquire Catarman’s stake in Prione Business Services

🕔21:20, 22.Dec 2021

New Delhi, Dec 22 (IANS) Prione Business Services, the joint venture between Catamaran and e-commerce firm Amazon, will be acquired by the latter, a joint statement said on Wednesday. Founded in mid-2014, Prione Business Services provides digital and internet services to

Read Full Article
CAIT urges Centre to suspend Amazon’s e-commerce portal immediately

CAIT urges Centre to suspend Amazon’s e-commerce portal immediately

🕔20:06, 20.Dec 2021

New Delhi, Dec 19 (IANS) The Confederation of All India Traders on Sunday urged the Centre to take immediate action against e-commerce giant Amazon by asking it to suspend its e-commerce portal. The traders’ body’s letter to the Centre comes just

Read Full Article
CCI fines Amazon Rs 202 cr, suspends approval for deal with Future Coupons

CCI fines Amazon Rs 202 cr, suspends approval for deal with Future Coupons

🕔19:55, 17.Dec 2021

New Delhi, Dec 17 (IANS) The Competition Commission of India (CCI) has imposed a penalty of Rs 202 crore on Amazon and suspended its approval for the e-tailer’s deal with Future Coupons seeking more information. In an order on Friday, the

Read Full Article
MoUs with Amazon by states ‘unfortunate’: Confederation of All India Traders

MoUs with Amazon by states ‘unfortunate’: Confederation of All India Traders

🕔07:27, 6.Dec 2021

New Delhi, Dec 6 (IANS) The Confederation of All India Traders (CAIT) on Sunday said it is “most unfortunate and regrettable” that several Indian states have entered into memorandum of understandings (MOUs) or agreements with e-commerce giant Amazon for selling products

Read Full Article
Future Retail independent directors writes to CCI over Amazon’s ‘evil non-desirable designs’

Future Retail independent directors writes to CCI over Amazon’s ‘evil non-desirable designs’

🕔07:08, 8.Nov 2021

New Delhi, Nov 8 (IANS) The independent directors of Future Retail Limited (FRL) have written to the Competition Commission of India (CCI), urging it to act to stop Amazon from “perpetuating its evil non-desirable designs” for the purpose of eliminating competition.

Read Full Article
Amazon to start Alexa-based programme for hospitals, senior care

Amazon to start Alexa-based programme for hospitals, senior care

🕔21:21, 25.Oct 2021

New York, Oct 25 (IANS) Amazon on Monday announced the launch of two new programmes which will integrate its voice-based assistant Alexa into hospitals and senior living communities. The new programmes, run through Alexa Smart Properties, will help healthcare workers to

Read Full Article
Global labour union urges EU to widen antitrust probe against Amazon

Global labour union urges EU to widen antitrust probe against Amazon

🕔17:10, 22.Oct 2021

New Delhi, Oct 22 (IANS) After the US, fresh voices are now being raised in the European Union (EU) to widen its probe into anti-competition practices of Amazon after it was accused of allegedly copying popular products and manipulating search results

Read Full Article
Amazon to now tell 3rd-party sellers which products will be popular

Amazon to now tell 3rd-party sellers which products will be popular

🕔16:30, 21.Oct 2021

San Francisco, Oct 21  After facing criticism for allegedly copying popular products and manipulating search results to boost its own brands, especially in India, Amazon has now announced a new tool that will help third-party sellers with detailed insights into

Read Full Article