Page 31 - Amazon

Future Retail guilty of financial irregularities, says Amazon

Amazon is fighting a legal battle with FRL to stop the Kishore Biyani-led retailer's $3.4 billion deal with Reliance Industries Limited (RIL)

Amazon's letter is nothing but an afterthought, says Future group

The spokesperson said all related-party transactions and records of fund utilisation were on record and part of the public disclosures made by the company as part of standard governance practices

Amazon writes to FRL independent directors alleging financial anomalies

The CCI will meet Amazon and Future Coupons Pvt Ltd (FCPL) representatives in January next year in connection with the matter

SC to hear Amazon plea against HC direction to CCI on show cause notice

The Supreme Court agreed to hear a plea by Amazon against Delhi HC's order directing Competition Commission of India to take a decision with respect to show cause notice issued by it to Amazon

Top headlines: Amazon seeks pause on CCI review, India Inc's profit booms

Tighter rules likely for social media firms, may supersede IT laws; Digital tax for US companies to stay until OECD pact comes into force. More on today's top headlines

Amazon seeks to pause antitrust review of 2019 deal with India's Future

The Competition Commission of India (CCI) in June accused Amazon of concealing facts and making false submissions.

Bezos donates $100 mn to Obama foundation, $166 mn to NYU medical centre

Obama foundation said it received $100 million. Separately on Monday, NYU Langone Health said it has received a $166 million gift from Bezos and his family.

Amazon-Future case: SC irked over parties filing '22-23 volumes of records'

The Supreme Court Tuesday asked whether the purpose was just to drag on or harass the judges and sought a common small compilation of documents

Future Retail employees urge SC to clear sale to Reliance in Amazon dispute

Future has failed to close its $3.4 billion deal to sell its retail assets to market leader Reliance Industries due to successful legal challenges by Amazon

Amazon, Apple slapped $225-mn fine in Italy for alleged collusion

The companies were also ordered to end the restrictions and give resellers access in a "non-discriminatory manner"

Visa Inc's Amazon blues will shape the digital cash debate

E-commerce and social media giants could use this cash flowing into their tokens to offer credit to merchants, with repayments deducted on every sale at zero collection cost

Amazon and Apple handed $225 mn Italian fine for alleged collusion

The authority imposed a fine of 68.7 million euros on Amazon and 134.5 million euros on Apple

CAIT demands strict action against Amazon for alleged sale of marijuana

The Confederation of All India Traders (CAIT) on Monday demanded strict action against e-commerce giant Amazon for the alleged sale of marijuana on its platform

Amazon asked Future to withdraw FEMA violation complaint before CCI

US giant Amazon had asked Kishore Biyani-led Future Group to withdraw its complaint in CCI as the two discussed a possible end to bitter tussle over investments, according to sources. Also, the sources said, a possible exit of Amazon - which is contesting the deal between Future group and Reliance Retail - in lieu of compensation was also discussed. Officials of Amazon and Future Group had a meeting a couple of weeks back but the US firm maintained that any suggestion of it seeking compensation to end the tussle with Future is "misplaced and motivated". Amazon, during the meeting that also included Future Group promoter Kishore Biyani, had hinted towards an out-of-court settlement of the ongoing tussle by asking for the withdrawal of Future's complaint over alleged violation of the Foreign Exchange Management Act (FEMA) rules by misrepresenting facts before the Competition Commission of India (CCI), they added. Amazon had asked the Future Group to withdraw the complaint filed by ..

Indian exporters on Amazon gear up for Black Friday and Cyber Monday sales

Over 52,000 new products to be launched by Indian Exporters on Amazon's global websites for this year's Black Friday and Cyber Monday sale

The Amazon lobbyists who kill US consumer privacy protections

Amazon executives and staffers detail these lobbying victories in confidential documents

For CoinSwitch Kuber's Ashish Singhal, simplicity is the mantra for success

Singhal, whose company became a unicorn last month, is determined to reach out to sceptics who have FUD - crypto slag for fear, uncertainty and doubt, writes Ritwik Sharma

Brazil's Amazon deforestation hits 15-yr high after 22% jump from prior yr

Brazilian Amazon lost 13,235 square kilometers of rainforest in the 12-month reference period from Aug. 2020 to July 2021. That's the most since 2006

Consumers caught in middle as Amazon, Visa clash over transaction fees

Customers are caught in the middle of a growing dispute between Amazon and Visa over transaction fees.

Starbucks, Amazon open grab-and-go store in New York

The stores offer the full Starbucks menu as well as prepared salads, sandwiches and snacks from Amazon Go