Page 17 - Amazon
US Senator Warren seeks Amazon breakup after India rigging reports
Warren, a long-time critic of Amazon, said "these documents show what we feared about Amazon's monopoly power" that the company is willing and able to rig its platform to benefit its bottom line
 "US Senator Warren seeks Amazon breakup after India rigging reports")
Smartphones worth Rs 68 cr sold every hour on e-comm platforms: Redseer
RedSeer claimed that it has been seen that Flipkart Group emerged as the leader during the festive sales with an impressive 64 per cent market share
 "Smartphones worth Rs 68 cr sold every hour on e-comm platforms: Redseer")
CAIT wants govt probe into Amazon after report on its India malpractices
The Reuters report found that Amazon ran a systematic campaign of creating knockoffs and manipulating search results to boost its own private brands in India
 "CAIT wants govt probe into Amazon after report on its India malpractices")
Amazon rigged search results to promote its own products in India: Report
Thousands of pages of internal Amazon documents examined by Reuters show the company ran a systematic campaign of creating knockoffs and manipulating search results to boost its own product lines
E-commerce firms clock $2.7 bn in sales in first four days of festive sale
E-commerce firms are on track to achieve $4.8 billion gross merchandise value
 "E-commerce firms clock $2.7 bn in sales in first four days of festive sale")
Amazon opens general store in United Kingdom, first outside the US
Amazon on Wednesday opened its first general store outside the United States in a mall in Britain
 "Amazon opens general store in United Kingdom, first outside the US")
Future Retail, 7-Eleven terminate franchise agreement after payment default
In a statement to the stock exchanges, Future Retail said no financial or business impact on the company is expected as the arrangement was at the subsidiary company level
 "Future Retail, 7-Eleven terminate franchise agreement after payment default")
Amazon turns negative for 2021 as higher yields adds to pressure
Amazon shares fell as much as 2.5% on Monday and were on track for a sixth straight negative session
 "Amazon turns negative for 2021 as higher yields adds to pressure")
Amazon rival Noon to draw $2 bn from PIF, other backers to upgrade infra
The investments from the Public Investment Fund and others will be used to upgrade infrastructure and help speed up deliveries
 "Amazon rival Noon to draw $2 bn from PIF, other backers to upgrade infra")
Prime Video gets into marketplace mode to grab a larger share of OTT pie
The OTT channel is replicating its e-commerce business model to straddle the revenue spectrum in video services
 "Prime Video gets into marketplace mode to grab a larger share of OTT pie")
E-tail giants up against a brick-and-mortar wall
From accusations of circumventing domestic laws to grappling with a changing policy landscape, doing business in India hasn't been an easy ride
 "E-tail giants up against a brick-and-mortar wall")
Amazon, Flipkart see strong start to festive season sale
E-commerce majors Flipkart and Amazon India on Sunday said they have witnessed a strong start to this year's festive sale, with demand from tier-II and -III cities driving the momentum
 "Amazon, Flipkart see strong start to festive season sale")
Supreme Court judge must probe Amazon 'bribery' report: Digvijaya Singh
Singh was reacting to a recent report that Amazon spent about Rs 8,546 crore or USD 1.2 billion in legal and professional expenses in the country between 2018 and 2020
 "Supreme Court judge must probe Amazon 'bribery' report: Digvijaya Singh")
Amazon-backed EV maker Rivian discloses nearly $1 bn losses in IPO filing
Amazon has ordered 100,000 of Rivian's electric delivery vans as part of the e-commerce giant's broader effort to cut its carbon footprint.
 "Amazon-backed EV maker Rivian discloses nearly $1 bn losses in IPO filing")
Amazon scales up India network to speed up deliveries in 15,500 pin codes
Ahead of festive season, firm has been investing in speed with expansion of its one-day, same day and sub-same day network. Customers have access to 200 mn products across categories
 "Amazon scales up India network to speed up deliveries in 15,500 pin codes")
Jeff Bezos' rocket firm Blue Origin accused of toxic culture, lax safety
Blue Origin launched the Amazon founder to the edge of space in July and has another flight planned in October, but the company has experienced other setbacks this year.
 "Jeff Bezos' rocket firm Blue Origin accused of toxic culture, lax safety")
Amazon clarifies to govt on reported legal fee of Rs 8,546cr during 2018-20
Amazon has clarified to the government on its reported legal fee, saying the expense includes professional fee as well, according to sources
 "Amazon clarifies to govt on reported legal fee of Rs 8,546cr during 2018-20")
There's growing interest in mediation in India: Singapore law minister
'Singapore and India are also collaborating closely in mediation', said Shanmugam
 "There's growing interest in mediation in India: Singapore law minister")
Amazon expands Fresh infra in 14 cities for 2 hr home delivery of groceries
The e-commerce firm has more than doubled its Fresh processing capacity since last year.
 "Amazon expands Fresh infra in 14 cities for 2 hr home delivery of groceries")
Amazon launches robot to roll around house, Disney resort voice assistant
Amazon.com Inc announced a household, canine-like robot called Astro and a deal with Walt Disney Co to imbue its voice-controlled tech in resort hotels
 "Amazon launches robot to roll around house, Disney resort voice assistant")
