Page 19 - Amazon

E-commerce firms Flipkart, Amazon to host flagship sales from September 27

Flipkart has launched 11 new fulfilment centres (FCs) across nine cities in the run-up to TBBD, bringing the total number of FCs in India to 83

CCI finds Samsung, Xiaomi colluding with Amazon, Flipkart: Report

Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon and Flipkart violated local competition laws by giving preference to select sellers

CAIT demands immediate enforcement of e-comm laws on Amazon and Flipkart

CCI launched its investigation into Amazon and Flipkart in 2020 for allegedly pushing select sellers to the top of search results, while sidelining others

Trade groups call for Amazon, Flipkart suspension over antitrust breaches

Indian antitrust investigation reports have found Amazon and Flipkart violated local competition laws by giving preference to select sellers and priority to certain listings, hurting competition

Amazon boosts pay for subcontracted delivery drivers amid union pressure

Amazon is giving another pay boost to its subcontracted delivery drivers in the U.S. amid growing union pressure. Drivers who work with Amazon's Delivery Service Partners, or DSPs, will earn an average of nearly $22 per hour, a 7% bump from the previous average of $20.50, the company said Thursday. The increase in wages is part of a new $2.1 billion investment the online retailer is making in the delivery program. Amazon doesn't directly employ drivers but relies on thousands of third-party businesses that deliver millions of customer packages every day. The company also gave a pay bump to U.S. drivers last year. Last week, it also said it would increase wages for front-line workers in the United Kingdom by 9.8% or more. Amazon said the DSP program has created 390,000 driving jobs since 2018 and its total investments of $12 billion since then will help with safety programs and provide incentives for participating businesses. U.S. labor regulators are putting more scrutiny on Amazo

CCI investigation finds Amazon, Walmart's Flipkart breached antitrust laws

The Competition Commission of India (CCI) in 2020 ordered an investigation into Amazon and Flipkart for allegedly promoting certain sellers with which they had business arrangements

Amid drought in Brazil, wildfires rage, Amazon level falls to record low

Brazil is enduring its worst drought since nationwide measurements began over seven decades ago, with 59% of the country under stress an area roughly half the size of the U.S. Major Amazon basin rivers are registering historic lows, and uncontrolled manmade wildfires have ravaged protected areas and spread smoke over a vast expanse, plummeting air quality. This is the first time that a drought has covered all the way from the North to the country's Southeast, Ana Paula Cunha, a researcher at the National Center for Monitoring and Early Warning of Natural Disasters, said in a statement Thursday. It is the most intense and widespread drought in history. Smoke on Monday afternoon caused Sao Paulo, a metropolitan area of 21 million people, to breathe the second most polluted air in the world after Lahore, Pakistan, according to data gathered by IQAir, a Swiss air technology company. About 1,100 kilometers (683 miles) to the north, a wildfire is sweeping through Chapada dos Veadeiros .

Audible to begin generating AI voice replicas of select audiobook narrators

Last year, Amazon began offering US-based, self-published authors who make their books available on the Kindle Store the option of having their works narrated by a generic "virtual voice"

Amazon says exports from India-based sellers to cross $5 bn in 2024

Such items are usually easy to post directly to customers abroad and less affected by import taxes than costlier products

Amazon challenges US labour board's structure in lawsuit over election

The labor board last week upheld the results of the election, rejecting Amazon's claims that it was tainted by demonstrations held by workers and union organizers

From Google to Amazon, TN turns top AI destination for global majors

The global giant Google is betting big on the state for a long-term play in AI, as the Tamil Nadu AI Labs by the company is set to be on track soon

Amazon turns to Anthropic's Claude for conversational AI-powered Alexa

Amazon reportedly plans to charge for the upgraded version of Alexa as it will use generative AI to answer queries while offering the standard version for free

Best of BS opinion: Tax-reform dilemmas, ring-fencing a challenge

Here is the best of Business Standard's opinion pieces for today

Will world's largest online retailer Amazon ever be Apple of India's eye?

Why can't Jeff Bezos buy any love in India?

BlackRock to initiate auction for Amazon aggregator once valued at $1 bn

An advertisement published Friday in the Börsen-Zeitung newspaper stated that the auction for the L Catterton-backed firm has been scheduled for Sept. 17 at a Berlin hotel

Amazon gears up for quick commerce entry in India, eyes 2025 rollout

Amazon is set to enter the quick commerce arena in India with a planned rollout in the first quarter of 2025, aiming to capitalise on the booming sector that Flipkart recently tapped into

Tech wrap Aug 27: Apple event on Sep 9, YouTube Premium, Xiaomi TVs, more

Apple schedules It's Glowtime event for September 9. YouTube increases prices of premium subscription plans in India. Xiaomi launches X Pro QLED series TVs

Amazon's Rufus now available in India: Know all about AI shopping assistant

Amazon said its AI shopping assistant Rufus will allow customers to get product suggestions, comparisons and more while allowing follow up questions for a conversational tone

Launched in 2019, Amazon Pay's UPI offering crosses 100 mn customers mark

Amazon Pay on Monday said its UPI offering is witnessing widespread adoption across the country with over 100 million customers using the service. Launched in 2019, Amazon Pay UPI has witnessed strong user preference from across big states of Maharashtra, UP, Bihar, West Bengal, Karnataka, the company said in a statement. The 18-24-year age bracket led the adoption of Amazon Pay UPI, it added. "We are humbled and proud that 100M customers have chosen Amazon Pay UPI as their preferred choice of online payment experience. We are excited to continue to innovate and expand our offerings to simplify lives and fulfil aspirations for millions across India," Amazon Pay India CEO Vikas Bansal said. Mobile recharges, utility bill payments and e-commerce transactions were among the top use cases of Amazon Pay UPI, the statement added.

Amazon India to give up to 12% cut in selling fees ahead of festive season

Amazon India on Saturday announced an up to 12 per cent reduction in selling fees across multiple product categories on the marketplace ahead of the festive season. The reductions in fees, which is effective from September 9, will enable sellers to expand their product portfolio on the platform besides providing a boost to growth, Amazon India said. "With the changes, sellers on Amazon India will benefit from a drop in selling fees, ranging from 3-12 per cent, across various product categories", the company said. The new rate card will particularly benefit sellers offering products priced below Rs 500, it said. "At Amazon, we are invested in supporting businesses of all sizes, from small and medium businesses to emerging entrepreneurs to established brands. The fee reduction is directly in response to feedback from our sellers, especially small businesses," Amit Nanda, Director Selling Partner Services at Amazon India, said. While the timing of the fee cuts aligns with the festi