Page 54 - Amazon

Rs 1 lakh fine on Amazon for selling sub-standard pressure cookers

The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on e-commerce major Amazon for selling pressure cookers which did not meet quality norms

Amazon expands partnership with Railways for deliveries in festive season

National transporter enables company to meet delivery promises to customers in the hinterlands

Amazon reduces headcounts by 100,000, sees stabilisation in workforce

Amazon has reduced its direct workforce by nearly 1 lakh, the largest sequential drop in its history, primarily at its fulfillment centres and distribution network.

Amazon reports second loss in a row; stock rally eases slowdown fears

Stock rally eases slowdown fears

Amazon moves SC challenging NCLAT ruling on Future group investment

Appellate tribunal upheld CCI order suspending digital commerce platform's investment in Future group in 2019

Amazon posts loss in second qtr but revenue tops estimates, stock jumps

Amazon reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher

Amazon stock up 14% despite second consecutive quarterly loss; net sales up

Amazon reported a quarterly net loss of $2 billion, its second consecutive loss in a quarter, but strong revenues and continued growth from Amazon Web Services saw its stock soaring 14%

Flipkart partners with Pocket FM to enter the audiobooks segment

E-commerce company Flipkart has entered the audiobooks category through a partnership with audio streaming platform Pocket FM.

Amazon hikes Prime subscription prices in UK, Europe by up to 43%

In an email to customers blaming "increased inflation and operating costs" for the hike, the e-commerce giant said that its annual Prime subscription will jump 20 per cent in the UK to 95 pounds

Chromecast with Google TV review: Pricey, but easy-to-use streaming device

Priced at Rs 6,399, the Chromecast with Google TV is on the expensive side for a 4K streaming device. However, its performance and ease of use justify the premium pricing

Amazon to buy primary care provider One Medical for $3.9 billion

Amazon announced it will acquire the primary care organisation One Medical in a deal valued roughly at USD 3.9 billion, marking another expansion for the retailer into health care services.

Microsoft, Google among tech giants to pause hiring amid fear of recession

With recession fears mounting-and inflation, the war in Ukraine and the lingering pandemic taking a toll-many tech companies are rethinking their staffing needs

NCLT admits Bank of India's insolvency petition against Future Retail

IRP appointed; corporate insolvency resolution process to start against the retailer

FitterFly raises $12 mn in series A funding led by Amazon Smbhav, Fireside

The funds raised will be used to increase Diabefly's reach, their digital therapeutics and clinically-proven programme to prevent, manage and reverse diabetes

Amazon sues admins of over 10,000 Facebook groups over fake reviews

Amazon has filed a lawsuit against administrators of more than 10,000 Facebook groups it accuses of coordinating fake reviews in exchange for money or free products

Apple becomes latest major tech company to rein in hiring, spending plans

The iPhone maker is looking to limit expenditures and job growth at some of its divisions, Bloomberg reported Monday, though Apple hasn't adopted a companywide policy

Hyderabad- based Greenko to offer energy storage through a cloud platform

Storage to be open access for any consumer to use, can own and invest in green energy projects

BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr

BigBasket expects GMV to grow 30% to Rs 13,000 cr in FY23 with quick commerce push; will scale up offline stores from 90 to 695 in a year, will double footprint to 70 cities

Amazon-backed Tonal cuts 35% workforce to trim expenses, readjust to demand

Amazon-backed connected fitness equipment maker Tonal is reportedly cutting 35 per cent of its workforce, affecting all levels of its business

New Amazon shopping cart lets users scan & pay to skip checkout lines

The Dash Cart screen will now display images of fresh items nearby, like produce, for shoppers to choose from, or shoppers can type in the item name instead of a four-digit PLU code