In 1994, Bezos had just discovered that web activity had increased by a factor of roughly 2,300% in the past year. Later, he quit the lucrative Wall Street job and began his own business.
However, no decision has been taken on laying off permanent employees
The norms earlier allowed them to operate without any restriction on their working hours from April 20, provided they ensured strict social distancing.
The govt had previously permitted e-commerce companies to also supply non-essential goods during the lockdown period till May 3
Amazon is suppressing extraneous consumption in various ways, according to a report in the Wall Street Journal.
The clarification from a senior home ministry official came a day after Union Home Secretary Ajay Bhalla issued revised guidelines for the extended lockdown period till May 3.
While Amazon India is learnt to have deferred its summer sale until further notice, sources said Flipkart doesn't have clarity on the sale event yet.
As many delivery personnel have gone back to their hometowns, e-commerce firms are struggling to get enough of inter-district curfew passes
The traditional trade channel that serves over 1.3 billion people, compared to some 120 million by e-commerce, has fared significantly better when it comes to availability of essential goods
From e-commerce firms set to resume work amid Covid-19to govt asking car manufacturers to explore ventilator production, Business Standard brings you the top headlines of the day
The policy is still being drafted and could go through further changes
According to industry insiders, Flipkart, Amazon, Bigbasket, and Grofers have witnessed about 30 per cent spike in orders
The case may drag for a few years, experts say, as CAIT and DVM have said they will appeal against the interim relief granted to Amazon on Friday
The tax proposals are aimed at stimulating growth, simplifying tax structure, bringing ease of compliance and reducing litigation
The thrust on digital infrastructure will be key to bridging the socio-economic and the rural-urban divide
Goyal's comments about Amazon founder Jeff Bezos' investment in India is seen as an attempt to reassure his party's traditional base of traders
A New Year resolution for our policy-makers
Digital technologies like AI,ML & IoT have changed the way UX design have been implemented over these years
The aspects might include transparency over ranking, data, and review and rating mechanisms
In the initial phase, the service is being launched in Delhi, Mumbai, Bengaluru and Kolkata offering length alterations for jeans and trousers for men