Page 4 - Amazon India

Amazon launches Kindle Paperwhite in India with 7-inch display at Rs 16,999

The Kindle Paperwhite features a 7-inch display, more on-device storage, and improved performance with 25 per cent faster page turns, said Amazon

ED seeks Apple, Xiaomi sales records in Amazon, Flipkart investigation

Enforcement Directorate expands Amazon, Flipkart investigation; smartphone brands asked to share online sales contracts and data

Amazon-backed More Retail eyes IPO next year, plans to double store count

Mumbai-based More, known for its neighborhood supermarkets and fresh grocery offerings, operates one of the country's largest retail chains, with 775 stores as of its latest count

BIS raids Amazon warehouse in Hyderabad, seizes 2.7K 'uncertified' products

The Bureau of Indian Standards (BIS) conducted a search and seizure operation at a warehouse of e-commerce major Amazon here and seized 2,783 "uncertified" consumer products. The seized products, which were being sold without the requisite BIS Standard Mark, are estimated to be worth more than Rs 50 lakhs, an official release said here on Wednesday. The operation was conducted on Tuesday at the warehouse located in Airport City, Shamshabad for violation of the provisions of the BIS Act, 2016, it said. During the raid, a total of 2,783 consumer goods, including smartwatches, electric water heaters, CCTV cameras, domestic electric food mixers, domestic pressure cookers, wireless earbuds, and electric and non-electric toys were found stored and offered for sale without the mandatory BIS Certification. These products fall under the purview of Quality Control Orders (QCOs) issued by the Government of India, making BIS certification compulsory. The offence under this provision is cogniz

Reducing fees helps sellers reach deeper into Tier 3, 4 cities: Amit Nanda

Nanda said this is Amazon India's highest-ever reduction in seller fees to support lakhs of small businesses across the country selling on its platform

Amazon partners with Youth4Jobs to empower women sellers with disabilities

E-commerce major Amazon India has partnered with Youth4Jobs Foundation to support women sellers with disabilities by providing essential resources, tools, and training to succeed in the digital e-commerce ecosystem. Under the partnership, Amazon Saheli programme will conduct workshops and provide onboarding and account management support for these women sellers, according to a company statement. The alliance aims to bridge the gap between talented women with disabilities and wider market opportunities, and help them leverage the Amazon platform to grow their business online, it said. The women sellers will get hands-on training in digital marketing, performance marketing, product listing optimisation, and advertising solutions to help them establish a robust online business. They will also get access to data-driven insights and metrics to attain a greater understanding of customer behaviour, expectations, and key market trends. "Our collaboration with Youth4Jobs aims to support wo

Ministry of DoNER working with Amazon to boost Bamboo market, says official

The Ministry of Development of North East Region would explore the market opportunities for Bamboo in domestic and overseas markets and it was working with Amazon and two other companies in this connection, a senior government official has said. Besides promoting Bamboo locally, the Ministry would also look for shipping them to neighbouring countries like Bangladesh, Myanmar, Ministry of Development of North Eastern Region (MDoNER) Secretary Chanchal Kumar said. At a recent roadshow in Chennai, Union Minister for Communications and Development of North Eastern Region Jyotiraditya M Scindia said nearly 38 per cent of the Bamboo was produced in the North Eastern States. This provides a huge opportunity for Chennai which has a huge furniture-making industry, he said. "Today, we can grow that Bamboo, process it to manufacture furniture and export it (to other parts of the country). Right now, my Ministry is working with Amazon and two other companies to adopt self-help groups in the Nor

Amazon sells Quess Corp shares for Rs 46 cr, Fairfax Capital hikes stake

Global e-commerce giant Amazon on Saturday sold shares of business services provider Quess Corp for Rs 46 crore through an open market transaction, while promoter billionaire Prem Watsa promoted Fairfax Capital increased its holding in the company. US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, offloaded 7.54 lakh shares or 0.50 per cent stake in Bengaluru-based Quess Corp, as per the bulk deal data available on the BSE. The shares were disposed of at an average price of Rs 610.20 apiece, taking the transaction value to Rs 46.03 crore. Meanwhile, Fairfax Financial Holdings' affiliate Fairbridge Capital (Mauritius) and Ajit Isaac (Chairman of Quess Corp), the two promoters of Quess Corp, increased their holdings, by picking up an additional 3.77 lakh shares of the company each. "Pursuant to Sebi (Listing Obligations and Disclosure Requirements) regulations, 2015, we would like to inform that Fairbridge Capital (Mauritius) Ltd has purchased 3,77,218 ..

Amazon Web Services to invest Rs 60,000 cr for expansion in Telangana

Amazon Web Services (AWS) will invest Rs 60,000 crore to expand its data centre infrastructure in Telangana, state government said. Chief Minister A Revanth Reddy and IT and Industries Minister D Sridhar Babu held meetings with senior executives from AWS at the ongoing World Economic Forum at Davos, Switzerland, it added. "AWS will be expanding its data centres in Hyderabad in a big way with plans for fresh investment of around Rs 60,000 crores. With this AWS Region in Hyderabad will play an increasingly important role in supporting AWS's growth of cloud services in India, including AI in the future," a state government press release issued on Thursday stated. The AWS side was represented by Michael Punke, Vice President, Global Public Policy. The leaders discussed the Telangana government's supportive role in creating a welcoming environment for establishing data center infrastructure in the state, and the strategic importance of the state for AWS's operations in India, it said. A

Amazon to acquire fintech firm Axio to expand credit services in India

Information about deal size for Bengaluru-based firm not disclosed

Amazon Echo Spot review: A perfect smart accessory for your bedside table

The Amazon Echo Spot is positioned as an Alexa-enabled smart alarm clock with a customisable display, rather than as a traditional smart speaker or display

Amazon launches new Echo Spot with customisable compact display: Details

Priced at Rs 8,999, the new Amazon Echo Spot is available in Black and Blue colourways on e-commerce platform Amazon India, quick commerce platform Blinkit, and at Croma retail stores

Paatal Lok season 2 teaser: Jaideep Ahlawat's Hathiram Chaudhary is back

A new teaser of the much-awaited series, Paatal Lok Season 2, has now been released on Prime Video. The teaser shows Jaideep Ahlawat back as Hathiram Chaudhary. The show will stream on Jan 10

Sale of Shein products in India was never banned, Piyush Goyal tells LS

Sale of "branded products" from Chinese online fast fashion brand Shein was not banned, though its app was blocked on June 29, 2020, Parliament was informed on Tuesday. Shein was one of the apps to be banned by Ministry of Electronics and Information Technology (MeitY) in June 2020 after tension with China escalated on the Himalayan borders. "Sale of Shein-branded products in India was not banned," Commerce & Industry Minister Piyush Goyal said in a written reply in the Lok Sabha. The country's leading retailer Reliance Retail Ventures Ltd (RRVL) through its subsidiary RRL (Reliance Retail Ltd), has entered into a technology agreement with Roadget Business Pte Ltd, which owns Shein based in Singapore to develop an indigenous e-commerce retail platform, he said. This platform is intended to create a network of local manufacturers and suppliers who will manufacture products under the brand Shein and sell them domestically and globally. "It is expected that this will help in the ...

SC orders to transfer Amazon, Flipkart petitions on CCI probe to K'taka HC

The apex court was hearing the plea filed by the CCI, seeking the transfer of 24 writ petitions filed in various high courts challenging its probe into alleged anti-competitive practices

Samsung accuses India watchdog of detaining employees, seizing data

3 Samsung employees were present in the vicinity of the search when the watchdog's officials detained them, seized their phones and copied all the confidential and privileged data, the company said

Amazon targets paid reviews on TikTok, YouTube, Instagram via shoppers

Before announcing the rule, the FTC notified 700 companies, including Amazon, Facebook and Google, about its plans to curb a scourge that has become more prevalent in recent years

India not tougher than other markets: Amazon India head Samir Kumar

On quick commerce, he says a pilot for 15-minute delivery is starting in Bengaluru this month

Amazon to enter quick commerce race with 15-min delivery trial in Bengaluru

This initiative marks Amazon's first venture into offering a 15-minute delivery service globally; the initial rollout will include 1,000-2,000 products

Amazon affirms commitment to enabling $80 bn exports from India by 2030

E-commerce major Amazon on Tuesday pledged its commitment to enabling USD 80-billion in cumulative exports from India by 2030. The new vision marks an ambitious scale-up from the target so far of USD 20 billion by 2025. Amit Agarwal, SVP, Emerging Markets, Amazon, announced the commitment at the company's annual 'Smbhav Summit'. To achieve this goal, Amazon is collaborating closely with the government, lakhs of Indian small businesses, D2C brands, as well as other key stakeholders, he said. "Motivated by the progress that we made in driving exports out of India... we are going to advance our commitment to enable USD 80 billion in exports by 2030," Agarwal said. Since its launch in 2015, Amazon Global Selling has over 150,000 registered sellers from 200-plus cities across India who are set to surpass USD 20 billion in cumulative exports from India by 2024-end, according to a company blog. "This significant milestone will be driven by a combination of enabling exports through Amazo