Page 47 - Amazon

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

As Amazon begins mass layoffs, employees say horrendous way to treat people

The company did not reveal the exact number of employees being hit although earlier reports put the number at 10,000 employees or 3 per cent of its workforce

At climate summit, Brazilian president Lula promises new day for Amazon

Six weeks before taking power, Brazilian President-elect Luiz Incio Lula da Silva on Wednesday told cheering crowds at the UN climate conference that he would crack down on illegal deforestation in the Amazon, reinitiate relationships with countries that finance forest protection efforts and push to host an upcoming world climate summit in the rainforest. In two appearances, da Silva laid out a vision for management of the world's largest rainforest, critical to fighting climate change, that was in stark contrast to that of President Jair Bolsonaro, whose administration witnessed some of the most rapid cutting of forests in decades. There will be no climate security if the Amazon isn't protected, said da Silva, adding that all crimes in the forest, from illegal logging to mining, would be cracked down on without respite. Brazilian presidents have a wide range of powers when it comes to monitoring and regulating the Amazon. The Ministry of Environment oversees the Brazilian Institute

'What if I'm next?' Fear grips Amazon India employees amid global layoffs

Those in the know say the full force of the impact of global layoffs in India will be felt in the retail division

Indian startups need to deliver good profits in 3-5 yrs: Accel's Prakash

The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years

Amazon Clinic launched as virtual health service for common conditions

Amazon is stepping back into virtual care with a new service that uses secure messaging to connect patients with doctors for help with nearly two dozen conditions. The retail giant said on Tuesday it will launch Amazon Clinic in 32 states to provide medication refills and care for conditions like allergies, erectile disfunction, hair loss, migraine and urinary tract infections. That list does not include the flu, COVID-19, ear infections or other urgent care conditions for which patients often seek help through telemedicine. Amazon said it will work to add other conditions over time to the service, which will not accept insurance. It also plans to expand the service to more states in the coming months. Tuesday's announcement comes more than two months after Amazon said it will shut down Amazon Care, a hybrid virtual, in-home service it spent years developing. The company had launched that service in 2019 for its Washington employees. It expanded it last year, allowing private ...