Page 46 - Amazon

Take back 'Amazon parcel': Uddhav Thackeray wants Centre to recall Maha Guv

The Shiv Sena leader also exhorted all 'Maharashtra lovers' to protest the governor's remarks on Shivaji

Amazon to shut down its edtech platform in India, refund customers

Edtech offering was launched last year to cater to students preparing for engineering colleges' JEE

Zebronics launches ZEB-Juke Bar 9750 soundbar: Know price, specs and more

Priced at Rs 22,999, the ZEB-Juke Bar 9750 soundbar will be available on the e-commerce platform Amazon from November 24

AWS to invest $4.4 bn in India by 2030 through new Hyderabad region service

Google Cloud has two Cloud regions in India, one of which was opened in Mumbai in July last year

In layoff season, Google may fire 10,000 'low performing' employees

The news on layoff at Google has come within days of a letter that hedge fund TCI, an investor in the company, wrote to Alphabet. TCI has shares worth $6 billion in Alphabet

Meta is India's largest media company: A look at the ten big firms in 2022

A look at the ten big media firms in the financial year ending 2022

Labour ministry summons Amazon following complaint by employee union

NITES has written to the Labour Ministry alleging that Amazon India is forcing employees to quit

Amazon Alexa fails to generate revenue; to lose $10 bn this year: Report

One document reportedly described that the business model makes money when people use the devices rather than when they buy them

Delhi HC rejects Future Group plea to terminate arbitration before SIAC

Judge says he hasn't expressed any opinion on merits of the arguments raised by the parties; arbitration before SIAC will continue as intended

Delhi HC rejects Future Group's plea to terminate arbitration before SIAC

On November 17, the Supreme Court had said that it would not allow stalling of arbitrary proceedings between Future Group and Amazon before the SIAC

11 e-commerce firms on board govt campaign to fight fake reviews

Firms to develop filtering & control tools and algorithms, verification and control processes

Govt announces new norms to curb fake online reviews of products, services

E-commerce players like Amazon and Flipkart will have to voluntarily disclose all paid consumer reviews of products and services offered on their platforms, with the government bringing in new norms to curb fake reviews and help buyers make informed decisions. However, the government has barred publication of reviews that "have been purchased and/or written by individuals employed for that purpose by the supplier or third party concerned". The BIS standards, prepared after extensive stakeholder consultations and to be effective from November 25, will be voluntary but the government will consider making them mandatory in case the menace of fake reviews continue on the online platforms. Consumer Affairs Secretary Rohit Kumar Singh on Monday said the Bureau of Indian Standards (BIS) has formulated a new standard 'IS 19000:2022' for Online Consumer Reviews -- Principles and Requirement for their Collection, Moderation and Publication'. The standards will be applicable to any organisati

Keep cash on hand, don't buy TV, fridge this holiday season: Jeff Bezos

He said consumers should postpone buying big basket items and businesses should also go slow on acquisitions until the situation improves

'Difficult decision': Amazon CEO says more layoffs will happen in 2023

The mass layoffs that began in Amazon's corporate ranks this week will extend into next year, CEO Andy Jassy said on Thursday. In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer. "I have been in this role now for about a year and a half, and without a doubt, this is the most difficult decision we have made during that time (and, we have had to make some very tough calls over the past couple of years, particularly during the heart of the pandemic)," Jassy wrote in the memo. Seattle-based Amazon, which has been cutting costs in various areas of its business in the past few months, is undergoing an annual review process to figure out where it can save more money. Jassy said this year's review is "more difficult" due to the economic landscape and the company's rapid hiring in the last several years. Other tech companies -- many of which had

Top headlines: Tata plans to scrap Vistara, Amazon layoff to extend to 2023

Business Standard brings you the top headlines at this hour

2022 e-commerce festival sales almost 2x of 2019: Redseer report

This is about 25 per cent year-over-year growth as compared to festive sale month of CY2021

Won't allow stalling of proceedings before SIAC in Amazon-Future case: SC

The Supreme Court made it clear on Thursday it will not allow stalling of the arbitral proceedings pending before the Singapore International Arbitration Centre (SIAC) pertaining to the ongoing legal tussle between US e-commerce major Amazon and the Future Group, saying the sanctity of such proceedings needed to be maintained. You (Future group and others) cannot keep stultifying the proceeding before the arbitral tribunal and this is just a ploy to delay the proceeding. These are all ploys by well-heeled parties to delay the arbitration proceeding. Your client is trying to be too clever by half, a bench comprising Chief Justice D Y Chandrachud and Justices Hima Kohli and J B Pardiwala said. Justice Chandrachud said he was concerned as the CJI due to the claim made that there was rule of law prevailing in the country. You can in any case challenge the final award to be passed in the arbitral proceedings, the bench said, making clear we will make sure that the arbitral proceedings go

Layoffs are part of annual operating planning review process: Amazon

Sources say attempts being made to absorb staff in other units

Future Group trying to stall proceedings amid legal row with Amazon: SC

The Supreme Court said it 'was concerned' that the Future Group was trying to stall the proceedings before the Singapore Arbitral Tribunal

Amazon begins mass layoffs; data scientists, software engineers hit

Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment. On Tuesday, the company notified regional authorities in California that it would lay off about 260 workers at various facilities that employ data scientists, software engineers and other corporate workers. Those job cuts would be effective beginning on January 17. Amazon would not specify how many more layoffs may be in the works beyond the ones confirmed through California's Worker Adjustment and Retraining Notification Act, also known as WARN, which requires companies to provide 60 days' notice if they have 75 or more full-time or part-time workers. Amazon employs more than 1.5 million (15 lakh) workers globally, primarily made up of hourly workers. The online retail giant, like other tech and social media giants, saw sizable profits during the COVID-19 pandemic, as homebound shoppers purchased more items online. But