Amazon is all set to start its food delivery business in India from Bengaluru next month, says a news report in The Economic Times.
The launch of the service, which would be offered as part of either Amazon’s Prime Now or Amazon Fresh platform, could happen as soon as next month. With this, Amazon will take on estabished players such as Zomato and Swiggy.
The Karnataka High Court has prima facie not found merit in the Competition Commission of India’s (CCI’s) order of an investigation into some of the business practices of e-commerce majors Amazon India and Flipkart. The High Court last Friday granted an interim stay on a petition filed by Amazon, after hearing the matter for three days.
Theproposed levy of1 per cent TDS on e-commerce transactions announced in the recent Budget may seemlike a harmless 'papercut' but could impactworking capital of small businesses,Amit Agarwal, country head of Amazon India and Chairman of industry body IAMAI said on Wednesday.
Agarwal said the focus for India should be on "removing friction and bottlenecks" and added that the target of USD 1 trillion digital economy is not far fetched for a country that is seen as a digital powerhouse.
Shares of his Amazon.com surged 12 per cent to $2,100 in extended trading late on Thursday in New York, after the largest US e-commerce company reported fourth-quarter results that smashed Wall Street estimates.
Bezos, already the world’s richest person, added $13.2 billion to his fortune in 15 minutes. At the current price, his net worth would be about $129.5 billion, according to the Bloomberg Billionaires Index.
Amazon India on Monday said it has entered into long-term business agreements with Future Group for expanding the reach of the latter's retail stores and consumer brands through its online marketplace. The development comes after Amazon had agreed to buy 49 per cent stake in Future Coupons Ltd that in turn holds stake in Future Retail Ltd (FRL) last year.
"FRL and Amazon India signed two agreements focusing on key categories - grocery and general merchandise, and fashion and footwear," according to a statement released Monday.
A group of Amazon.com employees who pushed the company to combat climate change say Amazon has threatened to fire some of them if they continue to speak out about their employer’s internal affairs.
Two were threatened with termination, a spokesperson for Amazon Employees for Climate Justice said, and a total of four were told in meetings that they were in violation of the company’s policies on workers speaking to the press and on social media.
US antitrust enforcers have broadened their scrutiny of Amazon.com Inc. beyond its retail operations to include its massive cloud-computing business, according to people familiar with the matter.
Investigators at the US Federal Trade Commission have been asking software companies recently about practices around Amazon's cloud unit, known as Amazon Web Services, said the people, who declined to be named because they weren't authorized to speak publicly.
In the heart of New Delhi's largest wholesale bazaar, merchants who normally compete with each other have united against a common enemy.
Amazon, Flipkart! one merchant after another shouts into a microphone from a small stage in Sadar Bazaar's central traffic circle. Some 50 other shopkeepers gathered around shout back in unison: Go back! Go back!
Amazon has challenged the awarding of a USD 10 billion Pentagon cloud computing contract to Microsoft, alleging unmistakable bias in the process.
The 10-year contract for the Joint Enterprise Defense Infrastructure program, better known as JEDI, ultimately will see all military branches sharing information in a system boosted by artificial intelligence.
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