| Amazon India Related news |
Amazon in talks to buy upto 26% stake in Reliance Retail: Report
Posted on 1st August 2019 |
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Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday. Talks began after Reliance's negotiations with China's Alibaba Group to sell a stake in the retail entity fell through due to differences over valuation, the financial daily reported citing two senior industry executives. |
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‘Amazon destroyed US retail industry’: US Treasury Secy slams Jeff Bezos
Posted on 26th July 2019 |
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While Jeff Bezos’ Amazon, along with other big technology firms, faces regulatory scrutiny in the US and antitrust investigation in the European Union, the e-commerce giant has found another critic in American Treasury Secretary, who accused it of ruining the country’s retail industry. “If you look at Amazon, though there are certain benefits to it, they have destroyed the retail industry across the United States. |
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Amazon Seller Services moves against Delhi HC’s interim order
Posted on 25th July 2019 |
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New Delhi: Amazon Seller Services Private Limited on Thursday moved against a Delhi High Court interim order, which had restrained e-commerce marketplaces such as Amazon, Flipkart and Snapdeal from advertising, displaying or offering for sale products belonging to Amway, Modicare and Oriflame without their consent. |
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Amazon lands in trouble again: Hit with consumer complaint over Prime Day endorsements
Posted on 23rd July 2019 |
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Amazon.com Inc. should be investigated by U.S. regulators over undisclosed paid endorsements on Prime Day, a consumer advocacy group says. Washington-based Public Citizen asked the Federal Trade Commission in a letter dated Tuesday to examine the online retailer’s associates program, which is used by Amazon to build word-of-mouth sales on the platform in exchange for commissions. |
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Amazon workers’ Prime Day protest fails to shake up Jeff Bezos’s company
Posted on 22nd July 2019 |
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While Jeff Bezos’ Amazon got under fire last week with its workers launching a global protest, the same had a zero to microscopic effect on the company even with the backing of cause-driven millennials, Eric Schiffer, CEO, US-based Patriarch Organisation told Financial Express Online. “When a reported “15” employees show for the strike, and a small number online, even critics of Amazon know it was a tactical disaster in terms of influencing Amazon,” he said, |
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Amazon in deal with German watchdog to overhaul marketplace terms
Posted on 17th July 2019 |
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Amazon has reached a deal with Germany’s anti-trust authority to overhaul its terms of service for third-party merchants, who had complained of unfair treatment when selling through the world’s biggest online retailer. The Federal Cartel Office said on Wednesday it was dropping a seven-month investigation after the U.S. e-commerce giant agreed to amend its Business Services Agreement that applies to merchants using its platform. |
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Amazon workers on strike over poor working condition in US on 'Prime' day
Posted on 16th July 2019 |
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Amazon workers walked out of a main distribution center in Minnesota on Monday, protesting for improved working conditions during the e-commerce titan's major "Prime" shopping event. Amazon workers picketed outside the facility, briefly delaying a few trucks and waving signs with messages along the lines of "We're human, not robots." |
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Amazon’s $700 million training pledge is actually a bargain
Posted on 15th July 2019 |
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New York: Amazon.com Inc. is amazing at turning mundane corporate management decisions into global news events. Many retailers host annual sale events. But Amazon “celebrates" Prime Day. Many chief executives write notes to their shareholders. But Jeff Bezos pens annual letters with “lessons" and “principle themes" and “important words" to behold. Many companies open satellite offices. |
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Amazon, Flipkart not on Mukesh Ambani’s radar; Reliance Jio readies platform to wire kirana stores
Posted on 15th July 2019 |
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Reliance Jio, which has plans to foray into e-commerce, will not be taking on the likes of Flipkart and Amazon, at least initially. Instead, the company’s first project on which pilots have started is to build a B2B platform targeted at merchants who run grocery, fruits and vegetable stores in the neighbourhood markets. The company has termed it ‘Hybrid Online-to-Offline’ platform. At a later stage, this B2B platform would be connected to the MyJio app and thus provide the B2C interface also. |
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IBM $34-billion bet can help it catch up with Amazon and Microsoft
Posted on 12th July 2019 |
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IBM has outlined a strategy to use Red Hat, a provider of cloud computing tools, to get a big piece of the cloud computing market. IBM has tried multiple ways to stay relevant in the technology world. But it has often been outgunned by rivals like Amazon and Microsoft. |
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