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Amazon India Related news

Netflix, Amazon Prime, Hotstar to be regulated? SC seeks Centre’s response

Netflix, Amazon Prime, Hotstar to be regulated? SC seeks Centre’s response

The Supreme Court on Friday sought a response from the Centre on a plea seeking to regulate the content featured on online media streaming platforms such as Netflix, Amazon Prime and Hotstar.

A bench, headed by Chief Justice Ranjan Gogoi, issued notice to the ministries of I&B and law on a petition calling for framing of guidelines for these over-the-top (OTT) platforms as they show “uncertified, sexually explicit and vulgar” content.

Amazon’s Jeff Bezos says he'll send a spaceship to the moon

Amazon’s Jeff Bezos says he'll send a spaceship to the moon

Amazon tycoon Jeff Bezos said on Thursday he’s going to send a spaceship to the moon, joining a resurgence of lunar interest half a century after people first set foot there.

Mr. Bezos said his space company Blue Origin will land a robotic ship the size of a small house, capable of carrying four rovers and using a newly designed rocket engine and souped-up rockets.

Amazon hit by extensive fraud: Hackers stole money from 100 seller accounts

Amazon hit by extensive fraud: Hackers stole money from 100 seller accounts

Amazon.com Inc. said it was hit by an "extensive" fraud, revealing that unidentified hackers were able to siphon funds from merchant accounts over six months last year.

Amazon believes it was the victim of a "serious" online attack by hackers who broke into about 100 seller accounts and funneled cash from loans or sales into their own bank accounts, according to a UK legal document.

Amazon offered jobs to Pentagon employees to get cloud contract: Lawsuit

Amazon offered jobs to Pentagon employees to get cloud contract: Lawsuit

At least two Pentagon employees were offered jobs at Amazon.com Inc. while working on the Defense Department’s $10 billion cloud contract, a lawsuit filed by Oracle Corp. alleges.

The amended complaint, made public on Tuesday, claims Deap Ubhi, a former employee at a high-level Defense Department technology unit, helped design the cloud contract in a way that was favorable to Amazon even after receiving “significant” job and bonus offers from the e-commerce giant.

How Amazon is strengthening its data storage capacity to leverage data localisation

How Amazon is strengthening its data storage capacity to leverage data localisation

Following Reserve Bank of India’s data localisation directive in January this year and government’s stringent focus on ensuring compliance with local payment data storage norms, world’s largest online retailer and Flipkart’s arch-rival in India Amazon is ensuring that it has enough data processing and storage capability in the country to remain a dominant technology player.

Amazon India sees 56% rise in export merchants, sales hit over $1 bn

Amazon India sees 56% rise in export merchants, sales hit over $1 bn

Amazon.com Inc's India unit saw a 56 per cent rise in the number of local merchants selling to international markets, hitting export sales of over $1 billion, the company said on Tuesday.

Indian merchants were exporting more than 140 million products on Amazon's app and website, with cumulative sales expected to top $5 billion in the next four years, country head Amit Agarwal told reporters in Bengaluru.

Amazon Kindle 2019 review: Why buy any other Kindle anymore?

Amazon Kindle 2019 review: Why buy any other Kindle anymore?

It’s safe to say that most of us carry multiple devices with us at most times today. We could squabble over whether Kindles can replace physical books, but that wouldn’t make a difference in the context of this review. However, they undoubtedly do reduce the weight of your backpack.

Amazon unscathed by FDI curbs

Amazon unscathed by FDI curbs

Chennai: The recent FDI regulations on the e-commerce sector had a minimal impact on Amazon’s business in the March quarter. The regulations had come into the force from February 2019.

‘In India last quarter was an uncertain period with the FDI ruling. We made some changes to our structure to stay in compliance with all regulations. There were a few days of downtime for some of our selection. But for the full quarter the impact was minimal.

Amazon raises stakes for rivals with 1-day delivery goal after profit surge

Amazon raises stakes for rivals with 1-day delivery goal after profit surge

Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that may curb near-term profits and will up the ante for retail rivals such as Walmart Inc.

Shares rose as much as 2 per cent in after-hours trade on Thursday as Amazon said faster shipping will come to customers around the world and said its profit more than doubled in the first quarter, trouncing estimates thanks to soaring demand for its cloud and ad services.

Amazon to close its online biz in China: Report

Amazon to close its online biz in China: Report

Retail giant Amazon will withdraw its domestic e-commerce marketplace business in China, effective from July 18, but will keep operating its other business sections, including Amazon Web Services, Kindle e-books and cross-border operations.

Facing stiff competition from local online marketplace operators, including Alibaba, JD.com as well as the fast-growing Pinduoduo, Amazon's exit from e-commerce business would be the end of the company's 15 years of journey into the China market.

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