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Amazon asks SEBI, stock exchanges not to grant no-objection to Future Retail deal

Amazon asks SEBI, stock exchanges not to grant no-objection to Future Retail deal

🕔07:03, 12.Jan 2021

New Delhi, Jan 12  Amazon has written to SEBI Chairman Ajay Tyagi informing that the regulator should not give no-objection to the Future Retail transaction with Reliance as the Singapore International Arbitration Centre (SIAC) has constituted an arbitral tribunal. In

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Amazon.in to host ‘Small Business Day’ sale event on Dec 12

Amazon.in to host ‘Small Business Day’ sale event on Dec 12

🕔07:12, 7.Dec 2020

New Delhi, Dec 7  E-commerce major Amazon India on Sunday said it will host the fourth edition of its Small Business Day (SBD) 2020 from midnight on December 12 until 11.59 p.m. on the same day. According to the company,

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Amazon witnesses ‘biggest holiday season’ ever in its history

Amazon witnesses ‘biggest holiday season’ ever in its history

🕔07:07, 2.Dec 2020

New Delhi, Dec 2  Amazon on Tuesday revealed that the company has witnessed its largest holiday shopping season so far this year, as independent businesses selling on Amazon surpassed $4.8 billion in worldwide sales from Black Friday through Cyber Monday

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CAIT demands 7-day ban on Amazon for violating country of origin rule

CAIT demands 7-day ban on Amazon for violating country of origin rule

🕔14:38, 28.Nov 2020

New Delhi, Nov 28  The Confederation of All India Traders (CAIT) is highly dejected with the minimum amount penalty of merely Rs 25,000 levied on Amazon India by the Ministry of Consumer Affairs for not providing the mandatory details of

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CCI approves Reliance Retail’s acquisition of Future Group businesses

CCI approves Reliance Retail’s acquisition of Future Group businesses

🕔20:40, 20.Nov 2020

New Delhi, Nov 20  In a setback for Amazon, the Competition Commission of India (CCI) has approved the acquisition of retail, wholesale, logistics, and warehousing businesses of the Future Group by Reliance Retail Ventures Ltd and Reliance Retail and Fashion

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SEBI should immediately direct Amazon to make an open offer: Future Retail shareholder

SEBI should immediately direct Amazon to make an open offer: Future Retail shareholder

🕔07:17, 3.Nov 2020

New Delhi, Nov 3  Mumbai-based Future Retail shareholder Beruz Feramorz Pouredehi has asked SEBI to immediately direct Amazon to make an open offer in Future Retail Limited (FRL). He said in a letter to SEBI Chairman Ajay Tyagi to direct

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Amazon seeks Rs 1,431 cr from Future Retail in damages

Amazon seeks Rs 1,431 cr from Future Retail in damages

🕔21:20, 2.Nov 2020

Mumbai, Nov 2  Future Retail has told the exchanges that Amazon has sought damages amounting to Rs 1,431 crore, along with interest, for the investment the latter had made into Future Coupons Pvt Ltd. In a regulatory filing, Future Coupons

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Amazon reports 37% growth in sales, expects bumper holiday season

Amazon reports 37% growth in sales, expects bumper holiday season

🕔11:06, 30.Oct 2020

Seattle, Oct 30  Ecommerce behemoth Amazon has reported better-than-expected Q3 results in the pandemic times when people tend to shop more online, as net sales increased 37 per cent to $96.1 billion in the third quarter, compared with $70 billion

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Amazon flexes muscles but Reliance holds deep war chest

Amazon flexes muscles but Reliance holds deep war chest

🕔07:52, 28.Oct 2020

New Delhi, Oct 28  The face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Jeff Bezos-run behemoth Amazon over the retail assets of Future Group in India has once again exposed the ambition of the so-called “gatekeeper for e-commerce” to

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Future-RRVL deal stalled; RRVL says ‘intend to enforce rights & complete transaction’

Future-RRVL deal stalled; RRVL says ‘intend to enforce rights & complete transaction’

🕔07:09, 26.Oct 2020

New Delhi, Oct 26  E-commerce major Amazon has got a favourable ruling in Singapore regarding the Reliance Retail’s buyout of the debt-laden Future Group as the deal has been temporarily stalled. Reliance Retail Ventures Ltd in a statement said that

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Third-party sellers made over $3.5bn from Prime Day: Amazon

Third-party sellers made over $3.5bn from Prime Day: Amazon

🕔15:39, 16.Oct 2020

San Francisco, Oct 16  Third-party sellers surpassed $3.5 billion in sales on Prime Day, a nearly 60 per cent year-over-year increase, Amazon said after wrapping up the two-day event across 19 countries. In addition, Prime members around the world saved

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Amazon takes on Future over deal with Reliance Retail

Amazon takes on Future over deal with Reliance Retail

🕔15:41, 8.Oct 2020

New Delhi, Oct 8  In a major turn of events in the buyout of the businesses of the debt laden Future Group by Reliance Retail, e-commerce giant Amazon.com, Inc has stepped in and said that Future Group violated a contract

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Amazon announces its Great Indian Festival from Oct 17

Amazon announces its Great Indian Festival from Oct 17

🕔15:49, 6.Oct 2020

New Delhi, Oct 6  Amazon India on Tuesday announced its Great Indian Festival (GIF) from October 17, a day after Flipkart will kick off its ‘Big Billion Days’ sale. Amazon Prime members will get early access starting October 16. More

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Over 1 lakh offline retailers to sell goods this festive season on Amazon

Over 1 lakh offline retailers to sell goods this festive season on Amazon

🕔15:29, 4.Oct 2020

Bengaluru, Oct 4  Over 1 lakh Amazon-enabled local shops, kiranas and neighbourhood stores across India will serve customers in the upcoming festive season on the e-commerce platform. More than 20,000 offline retailers, kiranas and local shops from “Local Shops on

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Amazon launches new fulfilment centre in Tamil Nadu

Amazon launches new fulfilment centre in Tamil Nadu

🕔17:32, 29.Sep 2020

Chennai, Sep 29  Gearing up for the festive season, Amazon India on Tuesday said it has launched a specialised fulfilment centre in Tamil Nadu, along with the expansion of an existing centre. The expansion will contribute to the economic growth

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Amazon Prime Day to take place October 13-14

Amazon Prime Day to take place October 13-14

🕔07:41, 29.Sep 2020

San Francisco, Sep 29  Amazon has announced that it will hold its much-awaited annual sale event Prime Day on October 13-14, putting an end to uncertainties surrounding the event amid the Covid-19 pandemic. This year’s event will feature “incredible savings

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Amazon hiring 1 lakh people across US, Canada

Amazon hiring 1 lakh people across US, Canada

🕔19:47, 14.Sep 2020

San Francisco, Sep 14  Amazon on Monday said it is hiring 100,000 new full-time and part-time employees in its warehouse and logistics network across the US and Canada amid a surge in online shopping due to Covid-19 restrictions. Amazon is

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RIL offers up to 40% stake in Reliance Retail to Amazon

RIL offers up to 40% stake in Reliance Retail to Amazon

🕔08:13, 11.Sep 2020

Mumbai, Sep 11  Reliance Industries Ltd (RIL) has offered up to 40 per cent stake in its subsidiary Reliance Retail Ventures Ltd (RRVL) to Amazon.com Inc. for about $20 billion. Amazon has held discussions about investing in the retail arm

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Amazon to invest $18 billion this year to help SMBs grow

Amazon to invest $18 billion this year to help SMBs grow

🕔14:56, 2.Sep 2020

Seattle, Sep 2  Amazon has announced to invest $18 billion this year to help small and medium businesses (SMBs) scale their operations and grow. In the next 12 months, the ecommerce behemoth will provide more than 500,000 SMBs in the

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Amazon orders 1800 EVs from Mercedes-Benz in green effort

Amazon orders 1800 EVs from Mercedes-Benz in green effort

🕔14:57, 29.Aug 2020

Seattle, Aug 29  In its bid to address the climate change, Amazon has added more than 1,800 electric vehicles from Mercedes-Benz Vans to its delivery fleet in Europe this year. Mercedes-Benz also announced on Friday it has joined The Climate

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