Amazon

  • Amazon Prime Day to take place October 13-14
    SAN FRANCISCO, SEPTEMBER 28 (IANS): 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 and deep discounts" on more than one million deals across every category, Amazon said on Sunday. Last year, the sales holiday was conducted in mid-July, but the pandemic this year disrupted its sched
  • Online grocery to become $18bn industry in India by 2024: Report
    BENGALURU, SEPTEMBER 25 (IANS): As companies from Reliance to Amazon put their top dollar in serving daily grocery at your doorstep, a new report said on Friday that online grocery is going to be the next battleground for growth, expanding to over $18 billion by 2024. According to a joint report by a joint initiative by Bengaluru-based market consulting firm RedSeer and Bigbasket (Brand Intelligence), driven by the significant rise in organic adoption during Covid-19, eGrocery has b
  • Amazon sold some items at inflated rate during Covid-19: Report
    San Francisco, September 12 (IANS): Amazon sold several items including essentials such as toilet paper and hand sanitiser at inflated rate during the Covid-19 pandemic, said a report by US-based consumer rights group Public Citizen. Amazon set prices of products during the pandemic to levels that would be considered violations of price gouging laws in many states of the country, showed the findings of the report released this week. Numerous examples of price increases were found
  • Amazon orders 1800 EVs from Mercedes-Benz in green effort
    Seattle, August 29 (IANS): 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 Pledge, which calls on new signatories to be net zero carbon across their businesses by 2040 — a decade ahead of the Paris Agreement goal of 2050. "We welcome the bold leadership demonstrated by Mercedes-Benz by signing u
  • Mukesh Ambani in talks to buy several retail ecommerce firms
    NEW DELHI, AUGUST 18 (IANS): Mukesh Ambani is looking to expand his retail footprint by acquiring several ecommerce players. This is being seen as a precursor to the ongoing battle with Amazon for India's hot ecommerce retail market. Mukesh Ambani's Reliance Industries Ltd. (RIL) is in discussions to acquire or buy stakes in furniture outlet, Urban Ladder, lingerie brand, Zivame, and online pharma store, Netmeds. As per reports, Reliance could pay as much as $160 milli
  • Germany launches new antitrust probe into Amazon: Report
    London, August 17 (IANS): Germany's competition watchdog has begun a fresh investigation into whether the ecommerce giant Amazon is abusing its dominant market position in the country. In an interview with the German media outlet Frankfurter Allgemeine Zeitung (FAZ), the President of the Federal Cartel Office, Andreas Mundt, said the country is probing Amazon's relationship with the third-party sellers on its website. "Amazon must not be a price controller. We are in
  • 209 SMB sellers became crorepatis in 48 hours in India: Amazon
    Bengaluru, August 10 (IANS): Amazon India on Monday said that over 91,000 small and medium-sized businesses participated in the two-day Prime Day sales which saw 209 SMB sellers becoming crorepatis in 48 hours. Of the over 91,000 SMBs who participated at Prime Day that started at midnight on August 6, more than 62,000 sellers were from non-metro and tier-2 and tier-3 cities across India, the company said. Amazon said that 31,000 SMB sellers witnessed their highest sales ever with
  • Amazon aims to hire 'many more' people in India
    SAN FRANCISCO, JULY 31 (IANS): Amazon is planning to get more sellers on board as the company focuses on digitising a lot of micro, small and medium-sized businesses in India and hiring many more people, a top company executive has said. During an earnings call with investors on Thursday, David Fildes, Director-Investor Relations at Amazon said that the company was putting a lot of focus on the India market. His comments came on the heels of the company's announcement last we
  • AWS hits $43bn annual run rate biz, Google Cloud reaches $3bn in Q2
    New Delhi, July 31 (IANS): Amazon Web Services (AWS), the Cloud arm of retail behemoth Amazon, has become a $43 billion annualized run rate business, up nearly $10 billion in run rate in the last 12 months. According to Brian Olsavsky, Chief Financial Officer at Amazon, the companies are realising that their on-premise infrastructure is not really flexible to go up or down. "Especially in the time of sinking demand, it's a big fixed cost for them. So we're seeing mig
  • Amazon plans to create 'thousands of job opportunities' in India
    NEW DELHI, JULY 24 (IANS): Amazon is looking forward to creating thousands of job opportunities in India as the e-commerce giant plans to make 10 new warehouses operational in the country ahead of the festive season. With the new additions, Amazon.in will have more than 60 warehouses, or fulfillment centres, in 15 states, with a total storage capacity of over 32 million cubic feet, the company said in a blog post on Thursday. "With the expanded network of more than 60 fulf
  • Amazon starts selling car, bike insurance in India
    New Delhi, July 24 (IANS): Amazon Pay, the payments arm of the e-commerce giant's India unit, has partnered with Acko General Insurance Ltd. to offer two and four-wheeler insurance policies in the country. Customers can visit the Amazon Pay page or search on the Amazon mobile app or the mobile website to buy car and bike insurance in a few easy steps, Amazon said in a blog post on Thursday. "Our vision is to make Amazon Pay the most, trusted, convenient and rewarding way
  • Ecuador's Amazon tribes turn to tech to track COVID-19 cases
    BOGOTA, July 22 (Thomson Reuters Foundation): Ecuador's indigenous groups in the Amazon have launched an information dashboard to monitor the coronavirus and identify contagion hotspots as the disease spreads through the rainforest and threatens ancient cultures, a leading rights group said on Tuesday. The dashboard, a collection of charts that aggregates coronavirus data, shows COVID-19 infection and death rates and suspected and recovered cases by area and tribe since ear
  • Amazon to run Prime Day in India on August 6-7
    NEW DELHI, JULY 21 (IANS): E-commerce giant Amazon has confirmed that it will run its Prime Day annual shopping festival in India on August 6-7, a bit later than usual. Last year, the sales holiday was conducted in mid-July, but the pandemic this year has disrupted its schedule as the company said that the roll out of the global event for other participating markets will take place even later. According to a report in TechCrunch on Tuesday, this will be the first time that Prime
  • Indian sellers log exports worth over $2 bn on Amazon
    NEW DELHI, JULY 20 (IANS): Indian sellers, including MSMEs, have recorded total sales worth over $2 billion through the Amazon Global Selling programme.   In January this year, Amazon had pledged to enable $10 billion in cumulative exports by 2025 helping Indian businesses grow by selling online worldwide.   According to Amazon, its global selling programme currently enables more than 60,000 Indian exporters to sell 'Made in India' products to customers wo
  • Brazil's Amazon chief Raoni is hospitalized
    SAO PAULO, July 19 (Reuters): Brazil's top indigenous chief Raoni Metuktire has been hospitalized with digestive bleeding, according to a post on the Facebook page of Raoni's institute.   The 90-year-old Amazon icon is in a hospital in the city of Sinop, in Brazil's central state of Mato Grosso.   Raoni started showing symptoms of dehydration eight days ago and was initially taken from his tribe to a hospital nearby, the post said.   Th
  • Apple Days sale returns on Amazon.in
    New Delhi, July 18 (IANS): Leading e-commerce giant Amazon.in on Saturday announced Apple Days offering deals and offers on latest iPhone 11 series, Apple Watch, MacBook and more until July 25.   Potential customers can get iPhone 11 series for Rs 62,900. One can also avail an additional discount of Rs 4,000 on iPhone 11 Pro and iPhone 11 Pro Max using HDFC Bank Debit and Credit Cards.   Meanwhile, iPhone 8 plus will be available for Rs 41,500.   During
  • Flipkart, Amazon among ecommerce players asked to indicate country of origin on products
    NEW DELHI, JULY 8 (IANS): Consensus is building within the government that e-commerce players like Flipkart, Amazon will have to indicate the country of origin of the product on their merchandise.   DPIIT under the Ministry of Commerce and Industry is likely to tell e-commerce companies that it would be mandatory to provide information about the product on their platform, where the product came from or where it was made, or the country of origin. DPPIT held a meeting today w
  • Mention of 'country of origin' may be mandatory for goods sold online
    NEW DELHI, JUNE 25 (IANS): Amid the growing push for inclination towards Indian goods and manufacturers, the government is seriously considering to make the mention of 'country of origin' mandatory for products sold on e-commerce platforms.   The Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday held a discussion with representatives of e-commerce platforms, including Amazon and Flipkart, on the matter and sought their views.   S
  • Samsung Frame TV 2020 launched in India, sale starts on June 19
    New Delhi, June 17 JUNE 17 (IANS): Samsung Frame TV 2020 has been launched in India on Tuesday. The smart TVs’ sale will go up from June 19 via Amazon, Flipkart, and Samsung's official online store. The South Korean tech giant has also brought in the country 10 new models of Smart TV with 4K UHD, full-HD, and HD-ready options.   Price range Samsung Frame TV 2020 is available in 50-inch, 55-inch, and 65-inch models, and their prices are Rs 74,990, Rs 84,990 and R
  • Amazon sues former AWS employee who joined Google Cloud
    SAN FRANCISCO, JUNE 9 (IANS): Amazon has filed a lawsuit against a former employee of its cloud computing business after he joined Google Cloud, alleging that his new appointment violates the terms of his non-compete agreement with Amazon Web Services.   In his LinkedIn profile, Brian Hall who served as Vice President of Product Marketing at AWS, describes his current designation as "waiting to work as a VP, at Google".   According to a report in GeekWir