Page 11 - Amazon

Trending declines: Tough times ahead for tech

Next few quarters could be difficult for the tech sector. If there's a slowdown in digital retail, digital advertising, or cloud services, it will inevitably be reflected in the sector's performance

Amazon to delist top seller Appario from India marketplace in 12 months

India is a key market for Amazon which has invested over $6.5 billion in the country

Consumer forum fines Amazon for Rs 10,000 for selling knives above MRP

The District Consumer Disputes Redressal Forum here has fined online trade platform Amazon for selling knives above the maximum retail price. The Forum directed Amazon to pay Rs 10,000 as compensation to the complainant. The complainant approached the Forum saying he had purchased knife-set for Rs 215 after getting a discount of 45 per cent when the actual price listed was Rs 410. The complainant alleged that the knife cost only Rs 191.96 including tax. The Forum found that Amazon had violated the Consumer Protection Act and gave a fake advertisement. It said the online platform violated the provisions of the Act and was liable to pay compensation for unfair trade practice. V S Manu Lal, R Bindu and K M Anto of the Forum directed the online platform to repay the consumer excess amount of Rs 23.04 and nine per cent interest apart from the compensation.

Big tech's dirty supply chains undercut climate promises from headquarters

Amazon.com Inc, Microsoft Corp, and Alphabet Inc have pledged to run their own operations on 100 per cent clean power. But their suppliers remain deeply reliant on fossil fuels

Amazon rolling out option to pay using Venmo balance, linked bank account

Amazon is rolling out the option to use Venmo balance, a linked bank account, or an associated debit card for payments for its users

Google, Microsoft, TI announce disappointing results; tech stocks tumble

Google parent Alphabet Inc. fell as much as 7.4% after third-quarter revenue came in below expectations, while software giant Microsoft Corp. lost 8.1% following a disappointing revenue forecast

Amazon signs deal to use Hawaiian Airlines to operate 10 cargo planes

Hawaiian Airlines will operate 10 cargo planes for Amazon.com starting next fall under a deal that could eventually involve more planes and give Amazon a 15% stake in the airline. The airline's parent company, Hawaiian Holdings Inc., said Friday that it will fly and maintain an initial fleet of 10 leased Airbus A330-300 jets for the retail giant. The fleet could grow depending on Amazon's future business needs, the company said. Hawaiian said it issued warrants that Amazon can exercise over the next nine years and acquire up to 15% of Hawaiian stock. Shares of Hawaiian Holdings jumped 13% in afternoon trading on Friday. When travel plunged and consumer spending spiked early in the pandemic, airlines began carrying more cargo and demand for freighter planes grew. More recently, the cargo business has cooled off as consumer spending shifted away from goods toward services including travel, and airlines have been stuck with excess cargo capacity. Global demand for cargo fell 8.3% in

Economy lightens up on festive season demand as shoppers back in force

Online marketplaces Amazon.com Inc., and Walmart Inc.-owned Flipkart saw sales jump 27% from a year ago to $5.7 billion during the festival season's first sale between Sept. 22-30

Amazon faces $1 billion class action lawsuit in UK over Buy Box feature

Amazon is facing a USD 1 billion class action lawsuit in the U.K. over allegations it uses an algorithm to favour its own products and those of third-party sellers who use its storage and delivery services. The litigation is being spearheaded by the law firm Hausfeld & Co LLP, which said in a news release that anyone who lives in the U.K. and made purchases on Amazon since October 2016 is eligible to be a claimant. The suit is expected to be filed at the Competition Appeal Tribunal in London by the end of October. The lawsuit will focus primarily on Amazon's Buy Box feature, a coveted spot that makes items more visible to shoppers and thereby lead to more sales for merchants listed there. The box features a product from a single seller, though many more might offer the same item. In the news release, the law firm detailed it will allege many users wrongly assume the buy box offers them the best deals, but Amazon uses a secretive algorithm to feature its own products or those sold .

Great Indian Festival turning out to be Amazon's biggest-ever event: Tiwary

'Over 4.75 lakh MSMEs benefited from the Amazon Business platform during the festival'

Amazon witnesses biggest ever festive sale in India, says top exec

More than 80 per cent of the new customers came from smaller towns for the e-commerce giant's month-long festive sale event Great India Festival which would end on October 23

Amazon Extra Happiness Days sale: Check out deals on top 5G smartphones

Amazon has kicked off its Extra Happiness Days sale in which the e-commerce platform is offering discounts, bank offers, instant cashback, and deals on select smartphones

Amazon to invest over 1 bn Euros to electrify delivery fleet in Europe

E-commerce giant Amazon has announced that it will invest more than one billion euros to further electrify its transportation fleet across Europe over the next five years

Meesho surpasses Amazon in festive order volumes, Flipkart leads the market

E-commerce firms such as Amazon, Flipkart, Meesho, Reliance's JioMart and Tata Group have been running various parallel sale events

Apple iPhone 14 Plus now available for purchase in India: Specs, offers

On Apple iPhone 14 Plus, Apple is offering Rs 5,000 cashback on HDFC Bank credit and debit cards, and no cost EMI up to 6 months

Realme announces festive days sale, discount on smartphones, laptops, IoT

Realme Festive Days sale is live on its website, Flipkart, Amazon and mainline channels. Here are the details

Amazon discontinues video calling and gaming device Glow for Kids

E-commerce giant Amazon has discontinued its video calling and gaming device called Glow for kids. The device for kids in age group 3-9 is not available on Amazon's website anymore

Amazon sues Washington's labour agency for fines over alleged hazards

Amazon has sued Washington state's labour agency following disputes with regulators over citations and fines imposed on the company for worker safety issues. In the lawsuit, filed on Monday in federal court for the Western District of Washington, Amazon asked a judge to prohibit orders from the Washington Department of Labor and Industries to remedy any types of workplace hazards during the company's pending appeal over the citations. Amazon argued in the lawsuit the agency has not proven any of its allegations, and requiring companies like it to remedy alleged hazards before that happens violates the due process protections under the 14th Amendment. Matt Ross, a spokesperson for the agency, said the department is aware of the lawsuit and will review it along with the state's attorney general's office. The agency had said in March it inspected an Amazon warehouse in Kent, Washington, and found workplace processes that create a serious hazard for work-related back, shoulder, wrist,

Amazon boasts of 25% increase in British marketplace sellers in 2021

The number of small and medium-sized British businesses selling over Amazon.com Inc.'s marketplace soared by more than 25% in 2021, faster than in Germany, France or Italy.

Botched deliveries take toll on Amazon and Flipkart festival sales

The exact number of orders gone wrong is a number that will not be disclosed by the companies