Advertisements US tech behemoth Amazon will not bid for rights to telecast India’s premier league cricket, projected to be worth more than 500 billion rupees ($6.4 billion), a source with knowledge of the company’s plans said on Friday. The decision comes… Read More ›
Amazon
India Lines Up Banks For E-Commerce Effort To Take On Amazon, Walmart
Advertisements India’s effort to break Amazon Inc and Walmart Inc’s dominance of its e-commerce sector, by establishing its own open network, has begun lining up banks and other key players needed to move it forward, sources familiar with the matter said. Some… Read More ›
Amazon, PEs To Invest INR 20,000 Cr In Vodafone Idea
Advertisements American retail giant Amazon is in talks with telecom operator Vodafone Idea Limited for an investment worth INR 20,000 Cr. The fresh funding would be utilised to bid for the upcoming 5G spectrum. The Aditya Birla Group is also… Read More ›
Amazon Digitised 4 Mn MSMEs In India, Created Over 1.16 Mn Jobs
Advertisements E-commerce giant Amazon stated that it has cumulatively created extra than1.16 million direct and oblique jobs, enabled practically USD 5 Bn in cumulative exports, and digitised over 4 million micro, small and medium enterprises (MSMEs) in India till date…. Read More ›
Amazon Infuse INR 1,000 Cr Into Amazon Pay
Advertisements Amazon has infused Rs 1,000 crore into its payments unit in India, Amazon Pay, according to regulatory documents. The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm. The… Read More ›
More customers shopped on Amazon.in, 79% new users from small towns
Advertisements Amazon India on Sunday said it has seen the highest number of customers shopping on its platform “than ever before”, with 79 per cent of new customers coming from tier II and III towns like Ernakulam and Guntur. Amazon.in, which… Read More ›
Arbitration panel rejects Future’s plea on Reliance deal in dispute with Amazon
Advertisements A Singapore arbitration panel has rejected Future Retail’s plea to quash an order from last year that put its $3.4 billion deal with Reliance on hold, in a boost for its partner Amazon.com Inc which is seeking to block the transaction…. Read More ›
Labour union urges European authorities to widen Amazon antitrust probe after Reuters story
Advertisements A global trade union for the services sector on Friday urged European authorities to widen their antitrust investigation of Amazon.com Inc to assess if the company engaged in creating knockoff goods and rigging search results on its platform. The demand by… Read More ›
Amazon Acquires MGM Studios
Advertisements Amazon and MGM on Wednesday announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of USD 8.45 billion. Amazon said they plan to “reimagine and develop together with… Read More ›
Amazon-Backed Acko Seeks $200 Million In Funding, Valuation At $1 Billion
Advertisements Acko General Insurance Ltd. is deliberating a new round of funding that could increase the valuation of the startup at $1 Billion, making it the latest entrant in India’s unicorn club. ` The Amazon.com Inc.- sponsored startup is looking… Read More ›