Don’t miss the latest developments in business and finance.

Amazon India

3 Samsung employees were present in the vicinity of the search when the watchdog's officials detained them, seized their phones and copied all the confidential and privileged data, the company said

Updated On: 12 Dec 2024 | 6:13 PM IST

Before announcing the rule, the FTC notified 700 companies, including Amazon, Facebook and Google, about its plans to curb a scourge that has become more prevalent in recent years

Updated On: 11 Dec 2024 | 11:05 PM IST

On quick commerce, he says a pilot for 15-minute delivery is starting in Bengaluru this month

Updated On: 10 Dec 2024 | 11:04 PM IST

This initiative marks Amazon's first venture into offering a 15-minute delivery service globally; the initial rollout will include 1,000-2,000 products

Updated On: 10 Dec 2024 | 5:03 PM IST

E-commerce major Amazon on Tuesday pledged its commitment to enabling USD 80-billion in cumulative exports from India by 2030. The new vision marks an ambitious scale-up from the target so far of USD 20 billion by 2025. Amit Agarwal, SVP, Emerging Markets, Amazon, announced the commitment at the company's annual 'Smbhav Summit'. To achieve this goal, Amazon is collaborating closely with the government, lakhs of Indian small businesses, D2C brands, as well as other key stakeholders, he said. "Motivated by the progress that we made in driving exports out of India... we are going to advance our commitment to enable USD 80 billion in exports by 2030," Agarwal said. Since its launch in 2015, Amazon Global Selling has over 150,000 registered sellers from 200-plus cities across India who are set to surpass USD 20 billion in cumulative exports from India by 2024-end, according to a company blog. "This significant milestone will be driven by a combination of enabling exports through Amazo

Updated On: 10 Dec 2024 | 1:54 PM IST

Minister for Consumer Affairs Pralhad Joshi on Tuesday asserted that e-commerce companies have a significant role to play in ensuring transparent, trustworthy, and safe shopping environment for all consumers. Speaking at Amazon smbhav Summit, Joshi outlined the government's all-out efforts to ensure that consumer rights are protected through slew of measures such as Consumer Protection Act, establishment of central consumer protection authority, consumer helplines, and specific rules to protect consumers from unfair trade practices in e-commerce sector. The future of e-commerce in India is bright, inclusive and transformative, the minister said emphasising the sheer size, and potential of India market. "While this digital revolution offers incredible opportunities, our government believes it is equally important for our consumers to feel confident and make informed choices, and for the e-commerce platforms to gain the trust and the confidence of the consumer is equally very, very, .

Updated On: 10 Dec 2024 | 1:40 PM IST

The CCI has moved the Supreme Court to expedite the resolution of 24 court cases pending against Amazon and Flipkart, asserting that they were intended to derail its probe

Updated On: 09 Dec 2024 | 6:37 PM IST

Union minister Giriraj Singh on Saturday claimed Bangladeshi nationals and Rohingya were working as delivery agents for food delivery companies and online shopping platforms and added that they should be identified. Singh made these remarks in Hyderabad, where he attended the convocation of NIFT-Hyderabad. "The services sector, whether it is Zomato, Swiggy or Flipkart, the delivery boys are Bangladeshis and Rohingya. Efforts should be made to identify them and hand them over to police," he told PTI Videos on the sidelines of the event. The Union minister also threw his weight behind Yogi Adityanath over his comments drawing a parallel between Sambhal and Bangladesh, saying the Uttar Pradesh chief minister did not say anything wrong. Adityanath had on Thursday said the actions of Mughal emperor Babur's commander in Ayodhya and Sambhal 500 years ago and the events happening in Bangladesh at present shared the same nature and intent. "Look at the kind of acts our enemies in neighbour

Updated On: 08 Dec 2024 | 7:34 AM IST

A media report based on RTI findings and court records reveals safety lapses, forced break bans, and unrealistic targets at the Amazon's Manesar warehouse, with workers alleging harsh conditions

Updated On: 30 Nov 2024 | 12:05 PM IST

iPhone 16 and 16 Pro are available with bank discounts, exchange offers, and no-interest EMI options. Discounts and offers are also available on Samsung and OnePlus smartphones

Updated On: 29 Nov 2024 | 11:39 AM IST

Amazon is also offering deals on products such as Sony PlayStation and Xiaomi Smart LED TV

Updated On: 28 Nov 2024 | 9:18 PM IST

Lava Yuva 4 launched. Redmi K80 series in China. Amazon's maiden Black Friday sale. OnePlus Ace 5 to be rebranded as the OnePlus 13r. xAI's standalone app for Grok. Samsung Galaxy S25 series

Updated On: 28 Nov 2024 | 8:03 PM IST

Amazon said that brands like Apple, Samsung, Sony, LG and more are participating in its first Black Friday sale in India

Updated On: 28 Nov 2024 | 4:10 PM IST

Amazon had planned to introduce the service in the first quarter of 2025, but the timeline has reportedly been expedited with the launch scheduled for this year-end or early 2025

Updated On: 25 Nov 2024 | 12:44 PM IST

The Karnataka High Court has dismissed a petition seeking quashing of an FIR against two individuals accused of defrauding e-commerce giant Amazon of over Rs 69 lakh. Justice M Nagaprasanna described the case as an example of modern age crime. The petitioners, Sourish Bose and Deepanvita Ghosh, had sought to have the FIR and a magistrate court's order taking cognisance of the case set aside. The duo was booked in 2017 after an Amazon employee uncovered their alleged fraudulent activities, which had reportedly been going on for years. According to the complaint, Bose would order high-end products from Amazon using his bank account, have them delivered to Ghosh's address, and request a return within 24 hours. After obtaining a refund, Bose allegedly used to replace the genuine items with cheap imitations, re-packed them, and send them back to Amazon. The prosecution stated that the return addresses were sometimes linked to Ghosh's residence, while other times they were associated wi

Updated On: 25 Nov 2024 | 12:40 PM IST

Amazon could face a substantial fine of up to 10 per cent of its annual global revenue if it is found guilty of breaching the European Union's Digital Markets Act

Updated On: 22 Nov 2024 | 12:55 PM IST

Amazon currently occupies almost 500,000 sq ft of office space at the World Trade Centre (WTC), a 30-floor building owned by Brigade Enterprises Limited

Updated On: 18 Nov 2024 | 12:50 PM IST

Initiative in AI, robotics aims to have 4,000 'young innovators' by next year

Updated On: 12 Nov 2024 | 1:54 PM IST

The company also reduced its net loss by 28 per cent during the year to Rs 3,469 crore, showed financial data sourced from business intelligence firm Tofler

Updated On: 11 Nov 2024 | 5:49 PM IST

Srivastava revealed that Amazon delivered over 30 million products the same day or next day (to Prime members), and customers had access to over 25,000 new product launches from top brands

Updated On: 03 Nov 2024 | 10:51 PM IST