Amazon India on Wednesday said it has inked an agreement with the Silk Mark Organization of India (SMOI).

As part of the Memorandum of Understanding (MoU), Amazon will launch an exclusive Silk Mark Store with Silk Mark labelled products through multiple sellers associated with the organisation, a statement said.

Amazon, the world’s largest online retailer, is eyeing to tap multiple sectors in the country ranging from insurance, wealth management to credit through its digital payments arm Amazon Pay. The Jeff Bezos-led firm is making inroads in India's booming digital payments market and competing with Walmart-owned PhonePe, Alibaba-backed Paytm, and Google's mobile payment service Google Pay.

Amazon.com Inc is postponing its major summer shopping event Prime Day until at least August and expects a potential $100-million hit from excess devices it may now have to sell at a discount, according to internal meeting notes seen by Reuters.

Amazon declined to comment. Prime Day, a marketing event Amazon started in 2015 to drum up sales during the summer shopping lull, has previously occurred in July, though the company never publishes the date far in advance.

Amazon Pantry, the company’s daily essentials store for Prime members, is back online and is accepting orders in a few cities after temporarily shutting down last week due to the lockdown.

It is now serviceable in Bengaluru, Hyderabad and Pune for select pincodes. Pantry offers essentials including food, beverages, household supplies, health and beauty products at discounted rates.

Amazon.com Inc is teaming up with a research program funded by Bill Gates to pick up and deliver coronavirus test kits in Seattle, the e-commerce giant said on Monday.

The Seattle Coronavirus Assessment Network, a group of medical, public health and research organizations, is collecting nasal swabs from a sample of people across King County and Seattle to learn how the infection is spreading in the areas.

A positive case of H1N1 (swine flu) has been detected at the Bengaluru office of e-commerce giant Amazon. The employee did

not show any signs of flu while at work and had stopped coming to office five days ago, said a source.

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.

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