| Amazon India Related news |
Amazon has ambitious plans to earn from virtual assistant Alexa
Posted on 4th February 2019 |
.jpg) |
Amazon is working with brands across sectors to enable them to build skills on its Alexa platform. From daily news updates to smart-home integrations, banking services, food ordering and cab hailing, Alexa has been equipped with more than 10,000 skills, as the service expands in India. |
|
|
Amazon, Walmart lose over $50 billion in market value after e-tail policy change
Posted on 2nd February 2019 |
.jpg) |
US-based corporations Amazon and Walmart, which owns 77% stake in India’s largest online retailer Flipkart, together lost over $50 billion in market capitalisation on Friday after the government’s updated e-commerce policy came into effect. Both companies have made big bets on the Indian retail market - with Amazon committing $5 billion here while Walmart spent $16 billion last year to buy a controlling stake in Flipkart. |
|
|
Amazon sales outlook falls short as India regulation uncertainly bites
Posted on 1st February 2019 |
.jpg) |
Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates as new regulations in India created uncertainty around one of its key growth markets, even as the online retailer reported record holiday sales and profit. Shares of the company fell more than 5 per cent to $1,623.90 after the bell, sliding as company officials discussed expenses on a conference call with analysts. |
|
|
It's sale as usual: Amazon, Flipkart tell online-only companies
Posted on 30th January 2019 |
.jpg) |
Amazon and Walmart-owned Flipkart have told mobile phones, electronics and other companies, which sell their wares exclusively on these platforms, that they will be able to operate like they do now — albeit with some tweaks and rephrasing of agreements — once the revised ecommerce FDI norms come into effect. |
|
|
Google's bid to battle Amazon hits hurdle as Walmart leaves it high and dry
Posted on 25th January 2019 |
.jpg) |
Walmart Inc. has quietly withdrawn from one of Google’s marquee efforts to challenge Amazon.com Inc. in e-commerce. Walmart removed its products from Google’s Shopping Actions service, the internet giant said on Thursday. The retailer also recently dropped out of Google Express, a related delivery service. |
|
|
Bezos vs Ambani is the bout that had to happen
Posted on 22nd January 2019 |
.jpg) |
The battle for the Indian consumer was never going to be an all-American affair. Walmart Inc.’s splashy acquisition last year of Flipkart Online Services Pvt., the homegrown e-tailer giving Amazon.com Inc. a solid run for its money, might have given the impression of a two-horse race. But as I argued (here and here), billionaire Mukesh Ambani wasn’t going to watch from the sidelines. |
|
|
No relief for Amazon, Flipkart: Feb 1 deadline for complying with e-commerce rules may stay
Posted on 21st January 2019 |
.jpg) |
The government is unlikely to extend the February 1 deadline for e-tailers like Amazon and Flipkart to comply with latest changes to the foreign direct investment (FDI) guidelines announced in late December. Amazon has asked the government to extend the deadline by four months and Flipkart, too, reportedly wants more time to adapt to the new rules. |
|
|
Facial recognition tech: Amazon shareholders push to halt sale on civil rights concerns
Posted on 19th January 2019 |
.jpg) |
A group of activist shareholders are proposing that Amazon.com Inc. stop selling facial recognition software to government agencies until its board determines the technology doesn’t threaten people’s civil rights. The investors, including the Sisters of St. Joseph of Brentwood, a member of the Tri-State Coalition for Responsible Investment, filed a resolution on the subject to be voted on at Amazon’s annual meeting later this year. |
|
|
RIL to take on Amazon, Flipkart; Mukesh Ambani bats for data localisation
Posted on 19th January 2019 |
.jpg) |
Reliance Industries (RIL) is ready to unleash its e-commerce dark horse to take on the likes of Amazon India and Walmart-owned Flipkart. Chairman and Managing Director Mukesh Ambani on Friday said Reliance Retail and Reliance Jio Infocomm were set to jointly launch their new e-commerce platform in the country. |
|
|
Amazon lists over 1,000 job openings in Hyderabad, Bangalore despite new e-commerce rules
Posted on 17th January 2019 |
.jpg) |
New Delhi: Undeterred by India’s revised e-commerce policy that kicks off from next month, Amazon has not stopped hiring engineers and managers in India. An analysis of job listings on Amazon shows the e-commerce giant has more than 1,400 vacancies in India. In Bangalore and Hyderabad, there are over 1,000 open positions with software engineers being the most in demand. |
|
|
|
|
|
|
|
|
