Page 18 - Amazon India

RBI slaps Rs 3.06 cr penalty on Amazon Pay (India) for violation of norms

The Reserve Bank of India on Friday said it has imposed a penalty of over Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC requirements," the RBI said in a statement. The RBI had issued a notice to Amazon Pay (India) advising it to show cause as to why penalty should not be imposed for non-compliance with the directions. "After considering the entity's response, RBI concluded that the aforesaid charge of non-compliance with RBI directions was substantiated and warranted imposition of monetary penalty," it said. The central bank, however, added the penalty is based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the Amazon Pay (India) with its customers. Amazon Pay is the ..

Amazon launches Echo Dot 5th Gen with built-in motion, temperature sensors

Priced at Rs 5,499, the speaker will be available at an introductory price of Rs 4,999 during Alexa's anniversary celebration between March 2 - March 4

Amazon Kindle 11th gen review: Ease-of-use helps rekindle love for reading

If you want a slightly bigger display and a bit more premium feel, you can opt for the more expensive (Rs 14,999) 2022 Kindle Paperwhite, which has a 6.8-inch display

Flipkart in talks to acquire Bengaluru-based e-pharma player Pharmallama

The deal may result in Flipkart gaining access to technologies of the platform, the people said on condition of anonymity

Google layoffs reach Indian shores; company fires 453 employees in India

Last month, Alphabet Inc, the parent company of Google, announced that as a measure to cut costs, 12,000 employees, or 6 per cent of its total headcount, would be sacked

Amazon India offers 50% referral fee waiver for e-commerce businesses

Businesses pay Amazon referral fees to for facilitating sales on the online marketplace

Amazon announces Republic Day sale offers on 5G smartphones: Details here

The Amazon Great Republic Day Sale started on January 15 and it will be live until January 20. Here are some of the deals on 5G smartphones available on the e-commerce platform

Amazon Great Republic Day Sale: Deals on OnePlus, Xiaomi, Samsung phones

The Amazon Great Republic Day Sale started on January 15 and it will be live until January 20. Below are some of the deals available on the e-commerce platform

Amazon gets Pune labour commissioner notice after complaint about layoffs

Ecommerce giant recently announced it would lay off 18% of its workforce globally

Amazon India to lay off around 1,000 staff as part of mass retrenchment

The company has announced the elimination of over 18,000 roles across the globe due to uncertain economic conditions

Amazon plans to lay off around 1,000 employees in India: Report

E-commerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe, according to sources. The company has announced the elimination of over 18,000 roles across the globe due to uncertain economic conditions. "The decision to eliminate 18,000 job roles across the globe will impact about 1,000 employees in India," the source said. Another source said Amazon has 1 lakh employees in India and the decision will impact 1 per cent of staff in the country. When contacted, an Amazon India spokesperson did not offer any comment but shared the blog link of Amazon CEO Andy Jassy where he has informed the company's decision to eliminate 18,000 roles across the globe. "Between the reductions, we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organisations," Jassy said. As of

Amazon to axe 18,000 jobs globally; CEO blames 'uncertain economy'

The job cuts - about 80 per cent higher than earlier estimates - are part of Amazon's annual operating planning review process

Muzaffarnagar: Final destination for tonnes of America's plastic waste

Plastic waste that starts off in Americans' recycling bins ends up at illegal dumpsites - and inside the lungs of people in Muzaffarnagar

Metro AG exits: Here is what happened to other foreign retailers in India

Reliance Retail on Wednesday announced acquiring a 100 per cent stake in German retailer Metro AG

Amazon launches Prime Gaming service in India: Know what is new and pricing

Prime Gaming is a service exclusive for Amazon Prime members. It is available through desktops, mobile browsers, and Android app. Support for Apple iOS is coming in January 2023

Amazon Smartphone Upgrade Days sale: Know deals, discounts, bank offers

Amazon Smartphone Upgrade Days sale started today, December 15, and it would continue until December 18

Amazon Smartphone Upgrade Days sale: Know offer details, discounts and more

Started on December 10, the Amazon Smartphone Upgrade Days sale would continue until December 14

Want to track your lifetime spend on Zomato, Swiggy or Amazon? Here's how

There are dozens of Google Chrome extensions that can help you take stock of how much you've spent

Blanket rule for winter: What you need to be covered for the season

The market has multitude of choices: pick a blanket that will last long and is not cumbersome

We are committed to India; review process is normal: Amazon India's Tiwary

In an interview with Peerzada Abrar, Tiwary said India has become the innovation hub for the company for the rest of the world. Edited excerpts