Page 17 - Amazon

Amazon likely to face investigation under EU tech rules next year

The timing and decision on whether to go ahead with an investigation will be taken by incoming EU antitrust chief Teresa Ribera in the coming months,

Amazon expands cross-border logistics programme; launches export navigator

E-commerce major Amazon on Tuesday said it has expanded its cross-border logistics programme Global Selling Seller Exports and Delivery (SEND), which will help Indian exporters ship goods abroad. The company also announced the launch of Export Navigator -- a one-stop dashboard to assist sellers with all compliance requirements related to overseas shipment. "Amazon has expanded its flagship cross-border logistics programme, Amazon Global Selling SEND, with the addition of three new carriers on air and ocean lanes from India to the US, the UK, and Germany. "Additionally, to enable a cheap and bulk storage facility for Indian exporters, SEND is now integrated with Amazon Warehousing and Distribution (AWD), a low-cost bulk storage solution that helps sellers with more efficient inventory deployment and distribution," a company statement said. Through SEND, Amazon said, Indian exporters will be able to access cross-border logistics from various third-party providers for shipping goods t

ED probes Amazon, Flipkart over ties with top sellers, alleges FEMA breach

The ED has reportedly quizzed the 'top' five sellers of both firms and found that many are former employees or relatives of former associates of Amazon and Flipkart

Amazon shifts to new office near Bengaluru airport in cost-cutting move

Amazon currently occupies almost 500,000 sq ft of office space at the World Trade Centre (WTC), a 30-floor building owned by Brigade Enterprises Limited

ED shifts focus to Amazon and Flipkart ties with preferred sellers

Under India's FDI rules, e-commerce platforms are prohibited from exercising control over vendors and are required to operate solely as neutral intermediaries

CCI seeks SC intervention to streamline Amazon, Flipkart antitrust cases

As multiple high court cases delay its probe, the CCI now considers a Supreme Court petition to merge antitrust cases against Amazon, Flipkart, and certain other platform sellers

Amazon launches facility in Bengaluru to train school students in tech

Initiative in AI, robotics aims to have 4,000 'young innovators' by next year

Swiggy recruits senior leadership from Flipkart, Amazon amid expansion bid

Swiggy is set to debut on the Indian stock exchanges on Wednesday, marking a milestone in the next phase of the company. The company launched its high-profile initial public offering last week

Amazon developing driver eyeglasses to shave seconds off deliveries

If successful, the glasses would provide drivers with turn-by-turn navigation on a small embedded screen, along their routes and at each stop, according to the people

Amazon, Flipkart executives to be summoned as regulatory scrutiny grows

Indian laws prohibit foreign e-commerce players from holding inventory of goods they can sell on their website

How Donald Trump's win could boost Musk's & Bezos' India ambitions

Donald Trump's return to the White House may bring potential advantages for Elon Musk and Jeff Bezos, as his policies favouring US companies could create a conducive environment for them

ED searches 19 premises of Amazon, Flipkart vendors in Fema probe

A total of 19 premises of these "preferred" vendors located in Delhi, Gurugram and Panchkula (Haryana), Hyderabad (Telangana) and Bengaluru (Karnataka) were covered as part of the action, they said

Amazon to invest $1.3 bn in Italy data centre biz to boost cloud services

The investment would support up to 5,500 jobs through 2029 across the AWS data centre supply chain, the company said in a statement

India’s festive shopping hits record high of Rs 1 trillion

India’s e-commerce platforms achieved record-breaking sales of around Rs 1 trillion during this year’s festive season. Watch the video to know more.

Amazon India records high growth in premium product sales during festivals

Demand for premium products across categories, including television, smartphones, and large appliances, dominated the Diwali season sale during the Amazon Great Indian Festival (AGIF) 2024 that commenced from September 27, a senior company official said on Saturday. Amazon India Vice President Saurabh Srivastava told PTI that the company recorded 10-times growth in Apple iPad sales and five-times growth in Samsung tablets during the Amazon Great Indian Festival (AGIF) 2024. "One clear trend that was there is premiumisation. When we look at it, whether it is televisions or fashion and beauty, gaming laptops, home and kitchen appliances, we have seen a clear trend of premiumisation. People are preferring more premium products. Again, this is not limited to just top cities," Srivastava said. He said large-screen TVs contributed to about 30 per cent of the total unit sales in the segment and there was 10-times growth in their demand on a year-over-year basis with Samsung, Xiaomi, and So

Amazon Great Indian Festival 2024 records 1.4 billion customer visits

The e-commerce firm said that more than 85 per cent customers were from non-metro cities

Top US energy regulator rejects Amazon-Talen nuclear power agreement

The decision by the Federal Energy Regulatory Commission deals a blow to the efforts by big technology companies

DoT seeks security compliance from Starlink, Amazon for satcom services

DoT has requested Starlink and Amazon to fulfill key security compliances before moving forward with their applications to offer satellite communication services in India

Amazon reassures investors with cost-cutting, AWS Cloud division's growth

The Amazon Web Services cloud division, which suffered record low sales growth last year, continued to regain momentum during the third quarter

Amazon's belt-tightening produces strong cloud, e-commerce results

The Amazon Web Services cloud division, which suffered record low sales growth last year, continued to regain momentum during the third quarter