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 creating 50,000 temporary jobs to meet Covid-led surge in demand
NEW DELHI: At a time when the corporate world is seeing layoffs and salary cuts due to the Covid-19 outbreak and the nationwide lockdown, several ecommerce firms are on a hiring spree for their warehouses and delivery positions to fulfil the rising online demand for products. Amazon India on Friday said that it has created […]
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 […]
Amazon to invest $1 billion in digitising Indian SMBs: Jeff Bezos
NEW DELHI: Amazon chief Jeff Bezos on Wednesday said the e-commerce major will invest USD 1 billion (over Rs 7,000 crore) in digitising small and medium businesses in India. The company will use its global footprint to export USD 10 billion worth of Make In India goods by 2025, Bezos said at the Amazon SMBhav […]
CAIT to launch a nation-wide movement against Amazon and Flipkart
NEW DELHI: Traders’ body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country’s retail business. In a statement, the Confederation of All India Traders (CAIT) said, “Both Amazon and Flipkart still continue to sell […]
Amazon, Flipkart sales generate Rs 19,000 crore in 6 days
NEW DELHI: Led by Amazon and Flipkart, e-tailers in India achieved a record $3 billion (nearly Rs 19,000 crore) of Gross Merchandise Value (GMV) in the first six days of the festive sale from September 29-October 4, a new report said on Tuesday. Walmart-owned Flipkart and Amazon dominated 90 per cent of the market share […]
Inside Amazon’s new India headquarters, its biggest building globally
HYDERABAD: With 49 elevators moving a floor per second and zumba classes for its more than 15,000 employees, Amazon’s new Indian headquarters, its biggest building globally, matches its ambitions in a vast but challenging market. The US retail giant launched its first site in India in 2013 and is locked in a fierce battle with […]
Pentagon stalls $10 billion cloud contract eyed by Amazon
SAN FRANCISCO: The Pentagon has put off awarding a $10 billion cloud computing contract sought by Amazon, saying Thursday that the process will be reviewed by the newly-appointed defense secretary. Amazon was considered a strong contender to provide technology for the Joint Enterprise Defense Infrastructure (JEDI) program — a contract that is also being pursued […]
Amazon signs pact with GMR to expand its biggest fulfilment centre in India
NEW DELHI: E-commerce giant Amazon.in on Thursday said it has signed a lease with GMR Hyderabad Airport City to expand its largest Fulfilment Centre (FC) in the country. The existing warehouse is spread across 400,000 sq ft and will now be expanded by another 180,000 sq ft, a statement said. “With this investment, Amazon.in has […]
Amazon expands ‘packaging-free shipment’ programme to 9 Indian cities
NEW DELHI:E-commerce major Amazon on Monday said it is expanding its ‘packaging-free shipment’ (PFS) programme, an India-first initiative, to nine cities including Delhi, Mumbai, Ahmedabad and Nagpur. The programme, under which orders are shipped in their original packaging without any secondary or additional packaging, will also be available in Bengaluru, Gurgaon, Noida, Chennai and Hyderabad. […]
Quit your job and we’ll help you start a business: Amazon to employees
NEW DELHI: Amazon, which is racing to deliver packages faster, is turning to its employees with a proposition: Quit your job and we’ll help you start a business delivering Amazon package. The offer, announced Monday, comes as Amazon seeks to speed up its shipping time from two days to one for its Prime members. The […]
Amazon picks New York City, Washington DC area for $5 billion new headquarters
By Jeffrey Dastin & David Shepardson SAN FRANCISCO/ WASHINGTON: Amazon.com Inc. picked America’s financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C. The world’s largest online […]
Walmart surpasses Amazon as online shoppers’ most popular grocer
NEW YORK: Look out, Amazon: Walmart is coming to steal your lunch —and maybe dinner too. The world’s largest retailer has surpassed the e-commerce giant in a survey of online food shoppers, more of whom said they most recently visited Walmart’s site for groceries. Local supermarkets were in third place, fuelled in part by logistics […]
Flipkart, Amazon not violating competition norms: CCI
NEW DELHI: Fair trade watchdog CCI has concluded that the business practices of Flipkart and Amazon are not in violation of competition norms and rejected allegations of abuse of market dominance made by a grouping of online vendors. Amid concerns expressed in various quarters about alleged unfair business ways in the fast-growing online market place, […]