New Delhi:Β The All India Mobile Retailers Association (AIMRA) has written a letter to Prime Minister Narendra Modi, stressing that Amazon’s operations in India should be suspended until a probe into the company is done. AIMRA, a trade union that represents more than 1.5 lakh mobile phone retailers in the country, said that Amazon, along with […]
Tag: Amazon
SC notice on Amazon plea seeking interim relief on Rs 24,713Cr RIL-Future deal
New Delhi:Β The Supreme Court on Monday issued notice on a plea by Amazon seeking interim relief challenging a High Court order, which allowed Rs 24,713 crore RIL-Future deal to proceed. The top court also restrained the NCLT from passing final orders on the amalgamation. A bench headed by Justice R.F. Nariman issued notices to Future […]
Amazon favoured big sellers on its India platform: Report
New Delhi |Β Amazon documents have revealed the companys strategy to dodge Indias regulators, a global newswire reported on Wednesday. The report said that two more sellers on the e-commerce giant’s India platform β merchants in which Amazon had indirect equity stakes β accounted for around 35 per cent of the platform’s sales revenue in early […]
Amazon moves SC against Future-Reliance Retail deal
New Delhi:Β E-commerce giant Amazon has moved the Supreme Court against the Future-Reliance Retail deal. On February 8, the Delhi High Court had stayed the implementation of status quo ordered by a single-judge bench on the Rs 24,713-crore deal between Future Retail Ltd and Reliance. The e-commerce company has challenged this Delhi High Court Division Bench […]
Jeff Bezos to step down as Amazon CEO
New York (4 Min Read):Β Jeff Bezos, who built an online bookstore into a $1.7 trillion technology empire reaching into space, has announced he will be stepping down as CEO at the apex of his career to focus on innovations. Bezos, who extended the company’s reach to India with multi-billion dollar investments, said on Tuesday that […]
Amazon penalised Rs 45,000 for cancelling student’s laptop order
New Delhi:Β Amazon has been ordered to pay Rs 45,000 to a law student who was promised a laptop for Rs 190 only, but it wasn’t delivered. Amazon has been penalised by the Odisha State Consumer Dispute Redressal Commission (Commission) as compensation to law student Supriyo Ranjan Mahapatra. According to Amazon, the deal was between a […]
Now likes of Netflix & Amazon Prime & online news portals under I&B Ministry
New Delhi:Β Now content providers such as Netflix and Amazon Prime are under the ambit of Ministry of Information and Broadcasting, through an order. Online news portals have too been brought under it. The notification, which was signed by President Ram Nath Kovind, was issued on Monday. As per the present scenario, the Press Council of […]
Amazon, Flipkart get notice for non-declaration of ‘Country of Origin’
New Delhi:Β The Centre has issued notices to e-commerce majors Amazon and Flipkart for non-declaration of mandatory disclosure, including the ‘Country of Origin’ on specific products. In its notices to both the companies, the Ministry of Consumer Affairs said that on examining the concerned advertisements, it was found that the mandatory declarations were not mentioned as […]
Indian sellers log exports worth over $2 billion on Amazon
New Delhi: Indian sellers, including MSMEs, have recorded total sales worth over $2 billion through the Amazon Global Selling programme. In January this year, Amazon had pledged to enable $10 billion in cumulative exports by 2025 helping Indian businesses grow by selling online worldwide. According to Amazon, its global selling programme currently enables more than […]
Amazon asks employees to remove TikTok: Report
New York:Β Amid continuing backlash against Chinese apps, e-commerce giant has told its employees to remove Chinese short video making app TikTok from their smartphones owing to unspecified risks. A Wall Street Journal report on Friday quoted an internal Amazon memo as saying that “employees must delete TikTokto be able to continue accessing their email from […]