Page 16 - Amazon

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

Bengaluru techie suicide, Amazon quick comm, Mobikwik, Vishal Mega Mart IPOs & more

The Supreme Court today raised concerns over the growing misuse of cruelty laws by married women to harass husbands and in-laws

Amazon raises cumulative export target from India: $80 billion by 2030

Says it's on track to reach $20 bn goal in exports by 2025

Amazon pledges to enable $80 bn exports from India by 2030; partners DPIIT

E-commerce giant Amazon on Tuesday announced its commitment to enable USD 80 billion in cumulative exports from India by 2030 and said it has partnered with DPIIT to establish India as a global manufacturing hub. Amit Agarwal, Senior Vice President for Emerging Markets at Amazon, made the announcements during the company's annual 'Smbhav Summit'. "Motivated by the progress that we made in driving exports out of India...we are quadrupling our focus in India... we are going to advance our commitment to enable USD 80 billion in exports by 2030," Agarwal said. Amazon had earlier pledged to digitising 10 million micro, small, and medium enterprises (MSMEs), achieving USD 20 billion in cumulative exports from India, and creating 2 million jobs in the country by 2025. "We are humbled to share that we have hit our pledge to digitise 10 million small businesses one year ahead of time and have enabled over 12 million small businesses to become a part of the digital economy. We have enabled .

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

Why antitrust body CCI has moved Supreme Court against Amazon, Flipkart

The CCI has moved the Supreme Court to expedite the resolution of 24 court cases pending against Amazon and Flipkart, asserting that they were intended to derail its probe

CCI seeks SC hearing to expedite investigation in Amazon, Flipkart cases

The commission's investigation unit concluded in August that Amazon and Flipkart breached India's antitrust laws by favouring selected sellers on their websites

Orange Health Labs raises $12 million in funding led by Amazon Smbhav

The company offers diagnostics directly to customers' doorsteps, with booking available through its website or app

AWS commits $100 million in cloud credits for underserved students

Amazon Web Services (AWS) on Thursday said it is committing up to USD 100 million in cloud credits over the next five years to help eligible educational institutions and underserved students worldwide develop and scale digital learning solutions. The programme, a part of AWS Education Equity Initiative, will grant recipients cloud credits, which function similarly to cash, allowing organisations to reduce their expenses when utilising AWS's cloud services. "At AWS, we are committed to levelling the playing field in education, ensuring learners from underrepresented and underserved communities have equal access to transformative learning opportunities. That's why AWS is committing up to USD 100 million in cloud credits over the next five years to help qualifying education organisations around the world build or scale digital learning solutions as part of the AWS Education Equity Initiative," a company blog said. With these credits, recipients can leverage AWS's comprehensive portfoli

IMDb's top star of 2024: Tripti Dimri, Ishan Khatter beat Bollywood icons

The rise of new-age talent with Tripti Dimri leading the pack, followed by Ishan Khatter and Sharvari, showcases how emerging talents are rewriting entertainment rankings

Amazon announces 'Nova' family of foundation models amid generative AI wave

Amazon on Tuesday announced a new generation of foundation models at AWS' annual showcase re:Invent, as Amazon CEO Andy Jassy took to the stage to spotlight the "explosion" of generative AI and the tech giant's bold bets. Amazon Web Services (AWS) is the cloud computing arm of Amazon. The new set of AI foundation models are called 'Nova'. Amazon Nova Micro, Amazon Nova Lite, and Amazon Nova Pro are generally available today, while Amazon Nova Premier will be available in the Q1 2025 timeframe. "...We have continued to work on our own frontier models and those frontier models made a tremendous amount of progress over the last 4-5 months. And we figured if we were finding value out of them, you would probably find value out of them...so I am excited to share and announce the launch of Amazon Nova which are new state-of-the-art foundation models...," Jassy said at AWS' annual flagship event re:Invent. Amazon Nova Micro is a "laser-fast" and cost-effective text-to-text model, while ...

Amazon under fire in India: Unsafe warehouse, unrealistic targets exposed

A media report based on RTI findings and court records reveals safety lapses, forced break bans, and unrealistic targets at the Amazon's Manesar warehouse, with workers alleging harsh conditions

Amazon workers in India join protest for better wages, working conditions

The protests come at a time when Amazon India has announced its inaugural Black Friday event, running from November 29 to December 2

Amazon's maiden Black Friday Sale in India to kick off from November 29

Amazon said that brands like Apple, Samsung, Sony, LG and more are participating in its first Black Friday sale in India

NCLAT dismisses petition seeking insolvency against Amazon Wholesale

The National Company Law Appellate Tribunal (NCLAT) has set aside a petition seeking to initiate insolvency proceedings against Amazon Wholesale (India). A three-member NCLAT bench upheld the order passed by the National Company Law Tribunal (NCLT), which had in March this year dismissed the insolvency plea filed by Multiplier Brand Solutions. Multiplier Brand Solutions had filed the plea under Section 9 of the Insolvency & Bankruptcy Code. It had alleged a default of Rs 3.7 crore for eight invoices raised between March 2023 and May 2023. However, rejecting it, NCLAT said the "claim of Appellant for payment of invoices which are the subject matter of Section 9 Application was disputed much before Demand Notice was issued". The appellate tribunal further said: "The adjudicating authority (NCLT) has not committed any error in refusing to initiate CIRP, there being pre-existing dispute which is reflected with the correspondence which took place between the parties much prior to ...

Amazon scam: Karnataka HC rejects plea to quash FIR in Rs 69 lakh case

The Karnataka High Court has dismissed a petition seeking quashing of an FIR against two individuals accused of defrauding e-commerce giant Amazon of over Rs 69 lakh. Justice M Nagaprasanna described the case as an example of modern age crime. The petitioners, Sourish Bose and Deepanvita Ghosh, had sought to have the FIR and a magistrate court's order taking cognisance of the case set aside. The duo was booked in 2017 after an Amazon employee uncovered their alleged fraudulent activities, which had reportedly been going on for years. According to the complaint, Bose would order high-end products from Amazon using his bank account, have them delivered to Ghosh's address, and request a return within 24 hours. After obtaining a refund, Bose allegedly used to replace the genuine items with cheap imitations, re-packed them, and send them back to Amazon. The prosecution stated that the return addresses were sometimes linked to Ghosh's residence, while other times they were associated wi

Amazon doubles down on AI startup Anthropic with $4 billion investment

The e-commerce company's increased investment in Anthropic underscores the billions of dollars funneled into AI startups over the past year

EU to investigate Amazon next year, its share price drops by 3% post report

Amazon could face a substantial fine of up to 10 per cent of its annual global revenue if it is found guilty of breaching the European Union's Digital Markets Act

Jeff Bezos hits back at Musk in sniping over Tesla, SpaceX holdings

It's the latest tit-for-tat between the world's two richest individuals, whose businesses compete in the commercial space industry