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Flipkart to reopen offices in graded manner
Move aimed at providing their financial and healthcare support during time of pandemic
The move came after Future group firms defaulted on loans taken against the pledged shares of Future Retail in March, which also impacted its share price
Amazon will deliver orders to a designated delivery point in the vicinity of the containment zone, from where volunteers will take the packages to the customer's doorstep
The e-commerce giant has set an audacious vision to enable $10 billion in cumulative exports by Indian businesses
Industry players as well as several consumer organisations have been requesting the government for expansion of the list of essential products
"The current crisis is demonstrating the adaptability and durability of Amazon's business as never before, but it's also the hardest time we have ever faced," said Jeff Bezos, Amazon founder and CEO.
Internationally, the pandemic has hit Amazon the hardest in India, where the company has had to forgo sales to comply with the government restricting delivery to essential goods such as groceries
The company's website hit 2.54 billion visitors in March, which is a 65 per cent jump from the same period last year
The company noted in a statement that small and medium businesses across India had been financially impacted due to the nationwide lockdown to precent the spread of coronavirus
The e-commerce giant is leveraging 'Covid-19 Parcel Special Trains' launched by Indian Railways to ramp up its operations to 55 lanes during lockdown period
National e-com marketplace to be launched shortly, to be world's largest e-com portal
Code-named 'Local Shops on Amazon', the programme expected to help the ecommerce major take on rival Flipkart and Reliance's JioMart
Extend relaxations given to manufacturing units in green zones to retail sector, say industry players
Amazon has already announced waiver of commissions for small sellers by almost half, larger rival Flipkart said that it is taking proactive steps to settle the payments related to cancelled orders
Amazon is suppressing extraneous consumption in various ways, according to a report in the Wall Street Journal.
The clarification from a senior home ministry official came a day after Union Home Secretary Ajay Bhalla issued revised guidelines for the extended lockdown period till May 3.
The delivery vans of the e-commerce companies will need permission from authorities for plying on the roads
While Amazon India is learnt to have deferred its summer sale until further notice, sources said Flipkart doesn't have clarity on the sale event yet.