Page 30 - Amazon

Packages pile up as Amazon Web Services outage spells delivery havoc

Host of online services - from Disney to Netfix & Robinhood to Coinbase - hit

Amazon cloud outage disrupts Prime, Netflix, Disney+, other apps, websites

A major outage disrupted Amazon's cloud services, temporarily knocking out streaming platforms Netflix and Disney+, Robinhood, a wide range of apps and websites

Jeff Bezos' Earth Fund commits another $443 mn to boost conservation

Amazon founder Jeff Bezos has pledged $443 million in grant as part of his Earth Fund to fight climate change, protect and restore nature, and advance environmental justice and economic opportunity.

Amazon exploiting sellers, to pocket $121 bn this year, says report

In 2019, Amazon pocketed $60 billion in seller fees and this year, its take will soar to $121 billion, according to the report titled 'Amazon's Toll Road' by the Institute for Local Self-Reliance.

HDFC Bank quickest to list among 100 global firms, shows data

E-commerce giant Amazon also is among the fastest as it went public in just three years.

Top headlines: Parag Agrawal becomes Twitter CEO, JioMart takes on Amazon

From Parag Agrawal's appointment as Twitter CEO to JioMart's new move, Business Standard brings you the top news on Tuesday

Reliance's JioMart turns to WhatsApp to break Amazon grip on grocery buyers

The move comes 19 months after Meta Platforms Inc., previously known as Facebook Inc., invested nearly $6 billion into Reliance's Jio Platforms unit

Amazon infuses fresh capital of Rs 650 cr in Amazon Wholesale (India)

US-based ecommerce giant Amazon has infused fresh capital to the tune of Rs 650 crore into one of its India units, Amazon Wholesale (India), according to regulatory documents. Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited have made the Rs 650 crore investment in the wholesale B2B arm of Amazon India, documents filed with the corporate affairs ministry and shared by market intelligence firm Tofler showed. The date of allotment was October 26, 2021, it added. Amazon India did not respond to emailed queries. According to the documents, a significant share of the funds (over Rs 649.94 crore) came from Amazon Corporate Holdings Pvt Ltd. The fresh funds will provide more arsenal to Amazon in India to bolster its wholesale B2B business in India. Amazon has been aggressively investing across various business units in India. These investments have been deployed towards expanding infrastructure and adding solutions to enhance consumer and seller experience. In Oct

SC gives two more weeks to CCI to decide complaint on Amazon-Future deal

Three-judge bench gives direction in Amazon's SLP against Delhi High Court order directing CCI to take a decision on show cause notice issued by it to Amazon in 10 days

SC grants two weeks to Amazon to put its case before CCI in Future dispute

An SC bench said it would not go into merits of the case and would rather like to give some more time, over and above the time granted by Delhi HC, to the US firm to put forth its case before the CCI

Amazon executive says Omicron's impact on holiday spending uncertain

The United States and other countries are now imposing travel restrictions after the emerging Omicron variant, first detected in South Africa, began spreading to other parts of the world

Amazon asks CCI to revoke $3.4-billion Future-RIL deal approval

The e-commerce firm has said the CCI Approval for the Impugned Transaction was "illegally obtained" and is a nullity in the eyes of law

CCI won't be intimidated by the arrogance of Amazon, says Future Retail

Company says US e-com major showed disregard to Indian law by walking out of CCI proceedings

Amazon officials tried to browbeat CCI by walking out of hearing: FRL

Future said it believes the CCI will not be intimidated by Amazon's arrogance, and will take action on its show cause notice against Amazon in accordance with law and rules

Amazon asks India antitrust body to revoke Reliance-Future deal approval

The approval for the deal was a "nullity in the eyes of law" as an arbitrator's order was still in force, according to the letter sent by Amazon.com Inc to the CCI

ED summons Amazon to probe Future Coupons investment, says report

Amazon, which is trying to block Asia's richest man Ambani from taking over the struggling Future retail chain, alleged last week that money from the local firm may have been diverted to other firms

Amazon alleges Rs 7,000 cr diverted from Future Retail

The US giant marked a copy of its letter to the finance minister, RBI governor, Sebi and other authorities, seeking an investigation

Salarpuria growth mantra: Earn in realty, invest in new-age biz

Reportedly taking over consumer electronics biz of Cloudtail India, largest seller on Amazon

Amazon's Black Friday greeted by climate activists, strikes in Europe

Amazon is facing criticism from climate activists who say excessive consumption harms the environment

Looking at not-so-bad side of FB, Amazon, Twitter as we bring them to heel

Big Tech indeed needs better regulation and management for the simple reason that they have an enormous sway over people's attention and make money from advertisers by monetising this attention