Page 23 - Amazon

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

Not opposed to e-commerce, only want fair competition: Piyush Goyal

Says government aims to balance online and offline businesses, not stifle digital growth

Amazon Mega Furniture Sale 2024: Know about best furniture deals on offer

Amazon is offering heavy discounts on furniture products. The Amazon Mega Furniture Sale 2024 is live from August 20 to 25, 2024

CCI warns staff over unauthorised media contacts, information disclosure

CCI is investigating high-profile companies and reviewing deals involving the likes of Amazon, Walmart's Flipkart, Reliance, Walt Disney and liquor maker Pernod Ricard

Amazon's home, kitchen segment witnesses 25% growth in FY24 in Odisha

E-commerce major Amazon India on Wednesday said its home, kitchen and outdoors segment has grown by nearly 25 per cent in Odisha in the 2023-24 fiscal as compared to the previous year. The company also registered a 15 per cent growth in new customers in Odisha which is one of the fastest-growing states, Amazon India's Home, Kitchen and Outdoors segment Director K N Srikanth said. There is growing demand for sports and sporting equipment in the region with the cricket gears experiencing more than 80 per cent year-on-year growth, he said. Similarly, demand for equipment for racquet sports, including badminton, tennis and table tennis, surged nearly 150 per cent during the last financial year, indicating a strong focus on outdoor sports, he said. The online marketplace has 51 service partners, 52 delivery stations and nearly 16,000 sellers in the state. The company will continue to work with local stores and MSMEs across the state, he added. Catering to evolving customers' needs, Am

WB issues world's 1st carbon removal bond to fund Amazon reforestation

The World Bank sold a nine-year, $225 million note this week which will help raise funds for reforestation in the Amazon