Page 11 - Amazon

Amazon onboards BRISKPE as PSP to help Indian sellers scale globally

Amazon has recognised BRISKPE as a Payment Service Provider (PSP) and authorised it to provide cross-border payments on its marketplace. BRISKPE, backed by global investment firm Prosus, has rolled out the 'Launchpad', a new initiative aimed at transforming how Indian sellers expand globally, the payment service provider said in a statement on Friday. With this launch, BRISKPE moves beyond just powering payouts to building a full-stack ecosystem that helps sellers scale like global brands, it said. "The PSP approval from Amazon affirms the strength of our payment infrastructure...we're building a support system that gives Indian MSMEs the tools, partnerships, and confidence to succeed globally," Sanjay Tripathy, Co-founder and CEO of BRISKPE, said. The 'Launchpad' offers Indian Amazon sellers a complete suite of enablers: global shipping partners, tax consultants, marketplace experts, account managers, and compliance advisors -- all curated and integrated into one seamless platform

Amazon cuts China orders as US tariffs jump to 125%, sellers feel strain

US raises tariffs on Chinese imports to 125 per cent from earlier stated 104 per cent. This came after China retaliated with 84 per cent tariffs on US goods

Tech titans funded Trump; now face tariffs, trials and tight rules

The sweeping tariffs he imposed last week will squeeze Apple's iPhone supply chain and make it much more expensive for Amazon, Meta, Google, and Microsoft to build supercomputers to power AI

Nova Reel AI by Amazon now generates 2-min videos using text, image inputs

According to Amazon, users will be able to provide a prompt of up to 4,000 characters to generate a video of up to two minutes, which will essentially be a compilation of multiple six-second shots

Soon, Amazon will allow full refunds on Prime membership cancellations

Currently, Amazon allows a full refund only if the Prime membership is cancelled within three working days of activation or change from a free trial-as long as no benefits are used

Amazon new feature for Kindle will give users quick recap of a book series

This new AI-powered feature will let users revisit key plot points and character developments from earlier books before reading new releases, according to Amazon

Big-tech global firms challenge homegrown startup growth: CCI top official

At the Startup Mahakumbh, CCI Director General Ansuman Pattnaik asked startup founders to file a complaint before the commission if their business has been hindered because of a big firm

Amazon to rival Starlink with its own satellite constellation: Details

Amazon has said that it will begin offering high-speed and low-latency internet services by the end of this year

TikTok sale: As April 5 deadline nears, White House close to approving deal

It is worth noting that any deal would require approval from President Trump, as well as TikTok's parent company, Bytedance, and the Chinese government

Amazon submits bid to White House for buying TikTok as sale deadline nears

Even if Amazon's bid fails to gain traction inside the White House, the company's interest could compel other suitors to pay more, which squeezes more money out of a potential rival

Amazon unveils new AI model for automating online shopping, web search

Positioned as a direct competitor to tools like OpenAI's Operator agent, Nova Act is capable of executing scheduled actions, processing complex instructions, and performing contextual tasks

Venice to host Jeff Bezos wedding, denies reports of major city disruptions

The city of Venice has confirmed it will host the wedding of multi-billionaire Jeff Bezos and fiance Lauren Sanchez, denying reports the famous Italian city would be invaded by hundreds of celebrities and possible disruptions for citizens and tourists. The city in a short statement didn't give a date for the wedding. Italian media have reported it will be between June 24-26, with a few days of celebrations. "The many speculations and fake news circulating about Jeff Bezos' wedding are completely unfounded," the statement said. Bezos is the owner of The Washington Post and founder and largest individual shareholder of Amazon. Among others, George and Amal Clooney celebrated their wedding in Venice in 2014. The city said only 200 guests would be invited, a number easily accommodated without any disruption to the city, its residents and visitors. It noted that it has broad experience handling international events "much larger than this". "Venice is used to being the stage for events

BIS intensifies crackdowns e-comm warehouses, seizes substandard products

Earlier this week, officials conducted a search and seizure operation at the warehouse of Amazon Sellers Pvt Ltd, located in the Mohan Cooperative Industrial Area in Delhi

Amazon Fresh ups presence in tier-II, -III mkts; expands to over 170 cities

To ensure freshness and quality, Amazon Fresh sellers source fruits and vegetables from over 11,000 farmers

Amazon seizes 15 mn counterfeits in 2024, uses AI to fight fake goods

Amazon identified, seized, and disposed of more than 15 million counterfeit products globally in 2024, preventing these knockoffs from harming customers or being peddled elsewhere, according to a latest report that underlined how the e-commerce giant is extensively using AI to crackdown on fake goods. Amazon said, last year, it invested over a billion dollars and employed thousands of people -- including machine learning scientists, software developers, and expert investigators -- who were dedicated to protecting customers, brands, selling partners, and store from counterfeit, fraud, and other forms of abuse. Investment in artificial intelligence has enabled the company to improve proactive controls, automating and scaling intellectual property protection and counterfeit detection systems, Amazon's 2024 Brand Protection Report said. The report said Amazon's proactive controls blocked more than 99 per cent of suspected infringing listings before a brand ever had to find and report ..

Amazon cuts referral fees on 12 mn products to boost seller growth in India

Move aimed to boost seller growth by offering a wider selection and more competitive offers; revised fees to come into effect from April 7

Amazon introduces non-refundable ₹49 processing fee: Know all about it

Amazon said the processing fee is intended to cover costs related to the 'aggregation, management, and processing' of bank discount offers on its platform

BIS raids Amazon, Flipkart warehouses; over 10,000 uncertified items seized

BIS raids Amazon and Flipkart warehouses at multiple locations, seizing substandard toys, blenders, bottles, electric water heaters, and speakers, violating the BIS Act 2016

Vodafone Idea explores partnership with Musk's Starlink after Airtel, Jio

Vodafone Idea plans to deploy 75,000 5G sites in 17 regions over three years, upgrading 10,000 towers with 900 MHz spectrum and has added 11,000 new towers in the past nine months

Razorpay targets 1.5 lakh exporters on Amazon's Global Selling Platform

Since December last year, Indian merchants part of Amazon's Global Selling programme have been able to collect their global payouts using the company's offering for international bank transfers