New Delhi: Fair trade watchdog CCI has concluded that the business practices of Flipkart and Amazon are not in violation of competition norms and rejected allegations of abuse of market dominance made by a grouping of online vendors.

Amid concerns expressed in various quarters about alleged unfair business ways in the fast-growing online market place,

Amazon.com Inc. will separate its proposed second headquarters into two locations, and is close to deals to put major new offices in Long Island City, New York, and the Crystal City area of Arlington, Virginia, according to the New York Times, which cited unidentified people familiar with the matter.

Amazon India has announced Diwali sale, bringing the festivities early for online shoppers. After the Great Indian Festival Sale, Amazon India announced its Diwali sale. The sale started on Novermber 2 and will continue till November 5, i.e today.

Amazon Pay, the online payments processing service owned by the America-based retailing major, has tied-up with ICICI Bank to launch an Amazon Pay ICICI Bank credit card in partnership with Visa.

It has planned to majorly expand in the financial technology space and in making digital money more prevalent in tier-III cities and other towns. Amazon Pay says their tie-up would help in greater penetration for ICICI into places where credit card usage is less.

Jeff Bezos is still the world’s richest person, but he’s a lot closer to No. 2 Bill Gates than just a few months ago.

The Amazon.com Inc. founder lost $19.2 billion over the past two trading days -- the most ever in that time, according to the Bloomberg Billionaires Index -- amid a global market selloff fueled by fears of further trade tensions.

Microsoft Corp regained its spot as the second most valuable US company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer's market capitalisation.

Apple Inc tops the list at over $1 trillion after crossing that threshold in September. Microsoft's market capitalisation was Wall Street's highest in late 1998 through early 2000 before the dot-com bubble burst.

US online retail giant Amazon has said that it witnessed 6 per cent growth in new customer additions in India, thanks to its festive season sales that kicked off in early October. The growth came on the back of yet another quarter of subdued growth in international sales, which includes India, in the quarter ended September.

New Delhi: E-commerce major Amazon India today announced that it is piloting a new delivery service for smartphones in Delhi NCR region. Under the ‘Faster than Same Day’ delivery service available on select best-selling smartphones, Amazon said it will provide delivery within 3-5 hours.

Target Corp, aiming to one-up retail rivals during the upcoming U.S. holiday shopping season, said on Tuesday it was adding more delivery and pickup options for online shoppers to have items shipped to their homes or ready for quick pick-up at local stores. The Minneapolis-based retailer will offer free two-day shipping on hundreds of thousands of items from Nov. 1 to Dec. 22 with no order minimum or membership required. Target had announced the shipping service in March.

Chennai: Of the USD 2.3 billion gross merchandise value (GMV) garnered during the five-day online festive season sales, Flipkart cornered a higher market share of 51 per cent, followed by Amazon at 32 per cent.

As per the study done by RedSeer Consulting on the sales, both Flipkart and Amazon together took away a large slice of the market pie as big as 83 per cent.

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