Tag: Amazon

Amid battle with Amazon, Future Retail sees liquidation if RIL deal fails

NEW DELHI: As a Singapore arbitration court has temporarily halted the acquisition process of Future Group’s retail business by Reliance Retail, there has been speculation over what happens to Future Retail if the deal does not actually go through. Future Retail’s representative told the arbitration panel that if the deal with Reliance Retail fails, then […]

Deal with RIL in line with Indian laws, not party to agreement with Amazon: Future

NEW DELHI: After a Singapore arbitration court ordered a temporary stay on Reliance Retail’s acquisition of the debt laden Future Group’s retail business, the latter has said that the deal with Reliance Retail is in consonance with Indian laws. It further said that it is not a party to the agreement under which Amazon has […]

Future-RIL deal: Amazon gets a favourable ruling in arbitration case

NEW DELHI: Jeff Bezos-led Amazon has won a favourable ruling for its plea in Singapore against Kishore Biyani-headed Future Group striking a deal with Mukesh Ambani-led Reliance Industries Ltd (RIL). Future has been told not to proceed with its sale of shares to RIL till the outcome of the arbitration process, according to the sources. […]

Indian among six indicted in Amazon bribery case in USA

By Lalit K Jha WASHINGTON:Six people, including an Indian national and an Indian-American, were indicted by a US grand jury on Friday with conspiring to pay over USD 100,000 in commercial bribes to employees and contractors of Amazon for unfair competitive advantage on its merchant platform. According to the indictment, all the six accused used […]

Khadi Commission forces Flipkart, Amazon, Snapdeal to remove fake khadi products

NEW DELHI: Khadi and Village Industries Commission (KVIC) on Saturday said its firmness has forced e-commerce portals like Amazon, Flipkart, Snapdeal and others to remove over 160 web links selling products in the brand name of ‘Khadi’. The development comes in wake of KVIC serving legal notices to over 1,000 firms using ‘Khadi India; brand […]

Amazon to hire 100,000 more workers in its latest job spree this year

By Jeffrey Dastin Amazon.com Inc on Monday said it is recruiting 100,000 more workers – the fourth hiring spree it has announced for the United States this year – to keep pace with e-commerce demand that jumped during the pandemic. The world’s biggest online retailer said the positions are for full and part-time work in […]

Amazon’s Hyderabad campus still has space for 8K employees: Report

HYDERABAD: Amazon’s Hyderabad campus, which is its biggest so far in the world, still has the capacity to accommodate 8,000 employees, according to a new report in The New York Times. This 15-story campus — three amenity floors and 12 office floors — which opened last year has the capacity to accommodate 15,000 employees and […]

Mukesh Ambani takes on Amazon, Walmart in e-commerce gamble

Backed by multi-billion-dollar investments from global tech giants, India’s richest man is ready to rumble with Amazon and Walmart for the country’s huge e-commerce market through his conglomerate Reliance. But it is far from certain that Mukesh Ambani’s latest gamble will pay off in a crowded market where many suppliers are not well-versed in digital […]

Amazon, Flipkart can’t deliver non-essentials during coronavirus lockdown, MHA changes rules

NEW DELHI: The government of India on Sunday revised its lockdown guidelines which allowed e-commerce companies to operate fully and even sell non-essential items to customers during the lockdown. As per the Ministry of Home Affairs (MHA), “Supply of non-essential goods by e-commerce companies to remain prohibited during lockdown.” MHA issued an order to exempt […]

After Amazon, Walmart’s Flipkart challenges India antitrust probe

NEW DELHI: Walmart’s Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com Inc. The Competition Commission of India (CCI) in January ordered a probe into alleged violations of competition law and certain discounting […]

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