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Amazon India Related news

Amazon Pay’s FY17 net loss widens to Rs 177.8 cr

Amazon Pay’s FY17 net loss widens to Rs 177.8 cr

Amazon Pay, the payments business of e-commerce firm Amazon India, saw widening of its net loss in FY17 at Rs 177.8 crore against Rs 7.88 crore a year back, filings with the Registrar of Companies (RoC) and data platform Tofler show. Revenue from operations during the period increased to Rs 4.08 crore from Rs 28 lakh a year back.

Amazon Wholesale India posts Rs 2.8-crore net profit in FY17

Amazon Wholesale India posts Rs 2.8-crore net profit in FY17

Amazon Wholesale India — the business-to-business (B2B) division of e-commerce firm Amazon India — posted a net profit of Rs 2.8 crore for the year ended March 2017 against a net loss of Rs 23.2 crore in the preceding year, according to filings with Registrar of Companies (RoC) and documents sourced by data intelligence platform Paper.VC. Revenue from operations increased to Rs 7,047.3 crore in FY17 from just Rs 2.6 crore in FY16.

Amazon leads $12m round in e-insurer Acko

Amazon leads $12m round in e-insurer Acko

MUMBAI: Amazon is leading a $12-million funding round in online-only insurance startup Acko General Insurance, as the e-commerce major takes a bet on the financial services segment in India. Ashish Dhawan, the founder of private equity fund ChrysCapital, has also joined the latest round, along with existing investor N R Narayana Murthy’s Catamaran Ventures.

Amazon return policy: You might be banned for making too many returns

Amazon return policy: You might be banned for making too many returns

NEW DELHI: Gone are the days when you could return your Amazon orders as you like, now it might get you banned from the brand’s service. As per the latest update, Amazon recently banned consumers from making purchases on their site for practices like returning too many items.

Amazon helps Shenzhen ex-Googler turn mom’s money into a billion

Amazon helps Shenzhen ex-Googler turn mom’s money into a billion

After Steven Yang left his coveted job at Google, he asked his mother whether he should take venture-capital money to fund his business idea.

If his online consumer-electronics enterprise was a risky bet, she told him, go with the venture capitalists. But if building the business into something great was his destiny, he instead should use her money from a pharmaceutical career in China.

Jeff Bezos success mantra: Don’t want to be misunderstood, then don’t do these two things

Jeff Bezos success mantra: Don’t want to be misunderstood, then don’t do these two things

World’s richest man and only centibillionaire Jeff Bezos has a simple success mantra: If you don’t want to be misunderstood, then don’t do anything new or innovative. What he really suggests is that one has to stand firm on her/his ideas and convictions even when others express doubt.

As a fierce battle rages globally, Amazon ventures towards artisans of Bhuj

As a fierce battle rages globally, Amazon ventures towards artisans of Bhuj

Abdul Gafur Khatri lives on the fringe of great salt marshes in far western India. He doesn’t own a smartphone. He’s never surfed the web. Still, the 53-year-old thinks the internet may be his last hope of reviving a fading art called Rogan that’s been passed down through eight generations of his family.

Ex-Infosys independent director Ravi Venkatesan in talks for a big role at Amazon India

Ex-Infosys independent director Ravi Venkatesan in talks for a big role at Amazon India

BENGALURU: Ravi Venkatesan, the former Infosys cochairman, is discussing a potential offer to join US ecommerce giant Amazon in its India business in a senior role, said two sources familiar with the matter. Venkatesan, who has earlier also served as the head of Microsoft India, could join as either a board member, chairman or a senior advisor at Amazon India, the sources said.

Amazon’s top boss Jeff Bezos loathes work-life balance concept; here’s what he’s telling to aim for instead

Amazon’s top boss Jeff Bezos loathes work-life balance concept; here’s what he’s telling to aim for instead

World’s richest man and Amazon’s top boss Jeff Bezos is against the concept of work-life balance, and calls it a ‘debilitating phrase.’ He prefers work-life harmony instead. “I get asked about work-life balance all the time. And my view is, that’s a debilitating phrase because it implies there’s a strict trade-off,” Jeff Bezos said.

Amazon is said to halt Google shopping ads as rivalry heats up

Amazon is said to halt Google shopping ads as rivalry heats up

San Francisco: Amazon.com Inc. has stopped buying a popular type of Google ad, according to people familiar with the decision. The move deepens the rift between the technology titans and signals Amazon’s growing ambition in the digital advertising market.

The pullback affects highly coveted real estate at the top of Google search results, where retailers and e-commerce bid and pay handsomely to place colourful, image-rich ads that show up when consumers look online for running shoes, headphones and other products to buy.

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