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Indian stock exchanges approve $3.4B Reliance and Future deal in setback for Amazon

Indian stock exchanges approved the $3.4 billion deal between retail giants Reliance Retail and Future Group on late Wednesday in yet another setback for Amazon, which has invested over $6.5 billion in the world’s second largest internet market and sought to block the aforementioned deal. The Bombay Stock Exchange said in a notification that it had spoken with India’s markets regulator, the Securities and Exchange Board of India (SEBI), and had no objection or adverse observation on the deal. We...
Tags: Amazon, Ecommerce, Asia, Singapore, India, Tech, Amazon India, Delhi High Court, Reliance Industries, BCG, SEBI, Securities and Exchange Board of India SEBI, Hon, Reliance Retail, Future Group, Kishore Biyani


Amazon makes education push in India with JEE preparation app

Amazon on Wednesday launched Amazon Academy, a service that will aim to help students in India prepare for entry into the nation’s prestigious engineering college. The American firm is the latest entrant to this market where scores of startups and institutes have launched digital offerings in recent years. The e-commerce giant, which has invested more than $6.5 billion in the world’s second largest internet market, said Amazon Academy offers curated learning material, live lectures, mock tests, ...
Tags: Amazon, Google Play Store, Apps, Asia, Education, India, Tech, Amazon India, Amazon Future Engineer, Amazon Academy, Amol Gurwara


Sony to launch PlayStation 5 in India on February 2

Sony said on Friday that it will launch the PlayStation 5 in India on February 2, suggesting improvements in the supply chain network that has been severely throttled by the coronavirus pandemic. The Japanese firm said it will begin taking pre-order requests for the new gaming console in India, the world’s second largest internet market, on January 12. The console will be available for pre-order from a number of retailers including Amazon India, Flipkart, Croma, Reliance Digital, Games the Sh...
Tags: Gaming, Asia, Hardware, Microsoft, India, Tech, Sony, Xbox, Amazon India, Vijay, PlayStation 5, PS5, Sony PlayStation 5, Xbox Series X, Xbox Series S


Amazon eyes launching its computer science education program in India

Amazon is planning to extend its computer science program Future Engineer to India, demonstrating its growing interest in the education space in the world’s second largest internet market. In a job recruitment post, the company said that initial research for Amazon Future Engineer, through which it aims to bring computer science education to underserved and underrepresented children and young adults, in India is “currently underway” and the chosen candidate would be tasked with working with l...
Tags: Google, Amazon, Facebook, Asia, Education, Microsoft, India, Tech, United States, Bangalore, Amazon India, Amazon Amazon, CBSE, NASSCOM, Central Board of Secondary Education CBSE, Unacademy


Indian court rejects retail giant Future Group’s plea against Amazon

An Indian court rejected Future Group’s plea that sought to prevent its partner Amazon from interfering in — and blocking — the Indian retail giant’s $3.4 billion asset sale deal to Mukesh Ambani’s Reliance Industries, delivering a glimmer of hope to the American e-commerce firm that has invested more than $6.5 billion in the world’s second largest internet market. Future Group was seeking an ad-interim injunction to restrain its partner Amazon from writing to regulators and other authorit...
Tags: Amazon, Ecommerce, Asia, Singapore, India, Tech, Jeff Bezos, Amazon India, Reliance, Delhi High Court, Reliance Industries, BCG, East India company, Competition Commission of India, Mukesh Ambani, Future Group


Delhi HC asks centre to verify if e-commerce platforms are displaying country of origin of products: Report

The Delhi High Court on Wednesday directed the central government to inform it whether e-commerce platforms like Amazon and Flipkart are displaying the country of origin next to product listings, PTI reported. The response came as the court was hearing a plea seeking e-commerce companies to display country of origin alongside products they sell on their platforms — as required under the Consumer Protection (E-Commerce) Rules, 2020, and also the Legal Metrology (Packaged Commodities) Rules, 2011....
Tags: Travel, Amazon, News, China, India, Court, E-commerce, Flipkart, Amazon India, Ministry, Delhi High Court, PTI, Decathlon, Country Of Origin, Amazon Flipkart, Flipkart Amazon Snapdeal


Olivia Colman, Anya Taylor-Joy to Lead BBC’s Starry ‘Cinderella’ – Global Bulletin

In today’s bulletin, Olivia Colman leads the cast of BBC’s pantomime “Cinderella”; season 3 of “Das Boot” commences production; Discovery Plus orders a Dutch adaptation of ITV Studios format “Sex Tape”; and Amazon India reveals Hindi-language anthology “Unpaused.” Olivia Colman (“The Crown”) and Anya Taylor-Joy (“The Queen’s Gambit”) will headline a virtual version of popular […]
Tags: News, Bbc, Cinderella, Olivia Colman, Amazon India, Das Boot, Anya Taylor Joy, Anya Taylor, Colman Anya Taylor Joy


E-commerce companies ‘roadblock’ in small traders adopting digital commerce: CAIT

E-commerce companies such as Amazon and Flipkart are proving to be a “major roadblock” in small traders adopting digital commerce, traders body Confederation of All India Traders wrote in a to Prime Minister Narendra Modi. “Traders across [the] country are more willing to adopt e-commerce as another business avenue,” however, it is the repeated “brazen violation of FDI policy and other laws & rules by e-commerce companies which is proving a major roadblock in adoption and acceptance of digital...
Tags: Travel, Amazon, Ecommerce, News, India, Narendra Modi, Fema, Flipkart, Amazon India, Modi, Ministry of Commerce, Cait, FDI In E-Commerce, Amazon Flipkart, Regulatory Authority, Confederation of All India Traders


Amazon India has unveiled STEP to help sellers accelerate their growth on the Amazon.in platform

https://www.gadgetsnow.com/tech-news/amazon-india-launches-step-to-empower-7-lakh-sellers/articleshow/79260728.cms?utm_source=Colombia&utm_medium=C1&utm_campaign=CTN&utm_content=6 Amazon India has announced the launch of STEP, which is a performance-based benefits program designed to help the 7 Lakh sellers trading on the the Amazon.in platform. STEP will launch on the 1st of December, 2020 and will be accessible to all sellers. STEP will help simplify the seller experience by providing customiz...
Tags: Amazon, Business, News, Colombia, Amazon India, Amazon Step


India approves Reliance’s $3.4 billion deal with Future Group, brings a new headache to Amazon

The Indian watchdog said on Friday it has approved the $3.4 billion deal between the nation’s two largest retail giants, Future Group and Reliance Retail, posing a new headache for American e-commerce group Amazon in the key overseas market. The Competition Commission of India (CCI), the Indian watchdog, said in a brief statement that it had approved the proposed acquisition of retail, wholesale, logistics, and warehousing businesses of Future Group, India’s second largest retail chain, by Re...
Tags: Amazon, Ecommerce, Asia, Government, Singapore, India, Tech, Delhi, Amazon India, Reliance, SEBI, CCI, East India company, Reliance Retail, Competition Commission of India CCI, Mukesh Ambani


India approves Reliance’s $3.4 billion deal with Future Group, brings new headache to Amazon

The Indian watchdog said on Friday it has approved the $3.4 billion deal between the nation’s two largest retail giants, Future Group and Reliance Retail, posing a new headache for American e-commerce group Amazon, which had raised objections over the deal. The Competition Commission of India (CCI), the Indian antitrust body, said in a brief statement that it had approved the proposed acquisition of retail, wholesale, logistics, and warehousing businesses of Future Group, India’s second large...
Tags: Amazon, Ecommerce, Asia, Government, Singapore, India, Tech, Delhi, Amazon India, Reliance, SEBI, CCI, East India company, Reliance Retail, Competition Commission of India CCI, Mukesh Ambani


Reliance Retail buys Urban Ladder for $24.4 million

Reliance Retail has acquired a majority stake in furniture and decor platform Urban Ladder, making a broader push into e-commerce as the largest retail chain in India gears up to fight Amazon and Flipkart. In a filing to the local stock exchange, Reliance Retail said it had acquired a 96% stake in Urban Ladder for about $24.43 million. The Indian retail giant, which retains the option to acquire the remainder stake in the seven-and-a-half-years-old startup, said it has proposed to invest u...
Tags: Google, Amazon, Fundings & Exits, Facebook, Ecommerce, Asia, India, Tech, Walmart, Mit, Flipkart, Amazon India, Crunchbase, Reliance, Reliance Retail, Future Group


Indian logistics startup Xpressbees raises $110 million

Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, said on Monday it has raised $110 million in a new financing round as online shopping booms in the world’s second largest internet market. The Pune-headquartered startup’s Series E financing round was led by private equity firms Investcorp, Norwest Venture Partners and Gaja Capital, the five-year-old startup said. Xpressbees, which concluded its Series D round three years ago, has raised $175.8 mi...
Tags: Amazon, Asia, India, Softbank, Funding, Tech, Walmart, Xiaomi, Logistics, New Delhi, Flipkart, Amazon India, Shah, Delhivery, Norwest Venture Partners, Investcorp


Amazon Web Services to invest ₹20,761 crore in Telangana, set up second region in India

Amazon Web Services (AWS) will invest ₹20,761 crore ($2.77 billion) to establish data centres in Telangana, the state’s IT minister KT Rama Rao announced on Thursday. This will involve the setting up of an AWS Region in Hyderabad, which is expected to become operation by mid-2022; it will be second region in India after Mumbai, which was launched in 2016. AWS Region in Hyderabad will have three Availability Zones (AZ), which will consist of multiple data centres spread out over Hyderabad. It wil...
Tags: Travel, Amazon, Asia, News, Microsoft, Singapore, India, Aws, Data Center, EC, Mumbai, Hyderabad, Amazon Web Services, Amazon India, Trai, Jakarta Indonesia


Amazon and A100 Row pump in more money into their Indian Data center

https://www.financialexpress.com/industry/sme/amazon-pumps-more-money-into-local-data-centre-unit-amid-covid-induced-rising-data-usage-in-india/2120790/ Data consumption has seen a rise of over 38% during these COVID times and to effectively counter this demand, Amazon.com and A100 Row have jointly pumped in Rs 150 Crores into Amazon Data Services India. Amazon had launched a Mumbai based data center back in 2016. The post Amazon and A100 Row pump in more money into their Indian Data center appe...
Tags: Amazon, Business, News, Mumbai, Amazon India, Amazon Data Center, Amazon Data Services India Amazon


India’s Flipkart buys over $200 million stake in Aditya Birla Fashion and Retail

Flipkart is acquiring a 7.8% stake in Aditya Birla Fashion as the Walmart-owned Indian e-commerce firm makes further push into the fashion category in one of the world’s largest retail markets. The e-commerce group will pay $203.8 million for its stake in Aditya Birla Fashion and Retail, a conglomerate that operates over 3,000 stores including the Pantaloons brand. As part of the “landmark partnership,” Flipkart will also sell and distribute various Aditya Birla Fashion and Retail’s brands pr...
Tags: Amazon, Asia, India, Tech, Walmart, Flipkart, Amazon India, Flipkart Group, Kalyan Krishnamurthy, Aditya Birla Fashion, ABFRL


India’s Flipkart buys $204 million stake in Aditya Birla Fashion and Retail

Flipkart is acquiring a 7.8% stake in Aditya Birla Fashion as the Walmart-owned Indian e-commerce firm makes further push into the apparel category in one of the world’s largest retail markets. The e-commerce group will pay $203.8 million for its stake in Aditya Birla Fashion and Retail, a conglomerate that operates over 3,000 stores including the Pantaloons clothing chain. As part of the “landmark” strategic partnership, Flipkart will also sell and distribute various brands of Aditya Birla F...
Tags: Amazon, Asia, India, Tech, Walmart, Flipkart, Amazon India, Myntra, Flipkart Amazon, Reliance Retail, Mukesh Ambani, Future Group, Ambani, India Flipkart, Flipkart Group, Kalyan Krishnamurthy


Amazon sends legal notice to India’s Future Group over deal with Ambani’s Reliance Retail

Amazon has sent a legal notice to Future Retail, India’s second largest retail chain, for breaching the terms of its contract by selling a significant portion of the business to Ambani’s Reliance Retail. Future Group announced in late August that it was selling its retail and wholesale business, as well as its logistics and warehousing business to Reliance Retail for $3.4 billion. But before Reliance Retail came into the picture, Future Group and Amazon also had a deal. Last year, Ama...
Tags: Google, Amazon, Asia, India, Tech, Bloomberg, Atlantic, Amazon India, GIC, Flipkart Amazon, Reliance Retail, Mukesh Ambani, Future Group, Ambani, Jio Platforms, Reliance Retail India


Amazon adds support for Kannada, Malayalam, Tamil and Telugu in local Indian languages push ahead of Diwali

More than seven years after Amazon began its e-commerce operations in India, and two years after its shopping service added support for Hindi, the most popular language in the country, the American giant is embracing more local languages to court hundreds of millions of new users. Amazon announced on Tuesday its website and apps now support Kannada, Malayalam, Tamil, and Telugu in a move that it said would help it reach an additional 200-300 million users in the country. Localization is one o...
Tags: Amazon, Ecommerce, Apps, Asia, India, Tech, Walmart, Flipkart, Alexa, Amazon India, Diwali, India Netflix, India Walmart, Kannada Malayalam Tamil, India Like Flipkart Amazon, Kishore Thota


Walmart-owned Flipkart, the Indian e-commerce giant, is reportedly eyeing a 2021 overseas listing and hoping for a $50 billion valuation

The logo of Flipkart is seen on the company's office in Bengaluru Thomson Reuters E-commerce firm Flipkart is preparing for an an initial public offering overseas – and is hoping for a valuation of up to $50 billion, sources told Reuters. Walmart bought a roughly 77% stake in Flipkart for about $16 billion back in 2018. This remains the single-largest foreign direct investment in an Indian company. At the $50 billion valuation that sources say Flipkart is hoping for, Walmart would more...
Tags: Amazon, Microsoft, China, Ipo, Singapore, India, US, Trends, Walmart, E-commerce, Retail, Flipkart, Cnbc, Amazon India, Diwali, Reuters


Competition Commission of India dismisses antitrust complaint against Amazon

The Competition Commission of India on September 11 a case of alleged abuse of dominance by Amazon filed by the parent of apparel company Beverly Hills and Polo Club (BHPC). The complaint had alleged that Amazon engages in deep discounting, preferential seller treatment, and allows the sale of counterfeit goods on its platform, all of which have hindered Beverly Hills and Polo Club’s entry into the “online fashion retail” market in India. The competition watchdog noted that there were a number...
Tags: Travel, Amazon, Ecommerce, News, Germany, India, US, E-commerce, Canada, Beverly Hills, Antitrust, Jeff Bezos, Flipkart, Amazon India, Congressional, CCI


Amazon Japan proposes refunding suppliers who were forced to bear discounts: Reports

Amazon Japan has submitted proposals to the country’s anti-trust regulator on how it will improve its practices that have been suspected of violating competition rules. In 2018, an Amazon unit in Japan was raided by the Japan Fair Trade Commission for demanding suppliers bear the cost of discounts on their products listed on Amazon. Amazon’s proposal includes a plan to refund suppliers who were forced to bear this cost. If the regulator accepts the proposals, Amazon will be exempt from penalties...
Tags: Travel, Amazon, Europe, Japan, News, Ebay, Germany, India, Competition, Regulation, Italy, Antitrust, Jeff Bezos, Amazon India, Competition Commission, Bezos


Online sellers body files antitrust lawsuit against Amazon India

The All India Online Vendors Association (AIOVA), a trade union representing online sellers, has filed an antitrust suit against Amazon India, alleging preferential treatment to some sellers, and predatory pricing, Reuters reported. The case has been filed with the Competition Commission of India, which as per Reuters will review the case in the coming weeks. An AIOVA spokesperson confirmed the antitrust lawsuit to MediaNama, and we have reached out the group’s lawyer for more details. According...
Tags: Travel, Amazon, Ecommerce, News, Germany, India, US, E-commerce, Canada, Jeff Bezos, Amazon India, Forbes, Reuters, Congressional, CCI, Karnataka High Court


Amazon's big shakeup: Jeff Bezos's No. 2 leaves, and the top leadership circle adds its first Black woman — here's the full list of Bezos's 'S-team' (AMZN)

Amazon announced on Friday that Jeff Wilke, CEO of worldwide consumer, is stepping down early next year. Dave Clark, SVP of worldwide operations, will be promoted to Wilke's position next year. In addition, Amazon added three new executives to the company's "S-team," a group of 25 top leaders who work on the company's most important issues. Most notably, it added Alicia Boler Davis, VP of global delivery services, to the S-team, making her the first woman of color to join the group. Visit Busi...
Tags: Amazon, India, America, Trends, Davis, Jeff Bezos, North America, Alexa, Amazon India, Mike Hopkins, Bezos, Clark, Amazon Studios, Andy Jassy, Tom Taylor, Wilke


Chemists association opposes Amazon’s entry into e-pharmacy space

The All India Organisation of Chemists & Druggists (AIOCD) has opposed Amazon’s entry into home delivery of medicine or the online pharmacy space. The chemists’ organisation, which claims to represent over 8 lakh members, said that home delivery of medicines is not permitted under current regulations. Further, multiple courts have ruled against the online sale of medicines and their e-pharmacies’ continuing operations amounts of contempt of court, the association said in a letter to the Amazon C...
Tags: Travel, Amazon, News, Government, Regulation, Jeff Bezos, Delhi, Flipkart, Cvs, Amazon India, Delhi High Court, Reliance Industries, Ramu, US Amazon, Amit Agarwal, Online pharmacy


India’s Reliance Retail acquires a majority stake in online pharmacy Nedmeds’ parent firm for $83.2M

Reliance Retail has bought a 60% stake in pharma marketplace Netmeds’ parent firm Vitalic for about $83.2 million, it said today, as India’s largest retail chain looks to expand into new categories and compete more closely with American e-commerce group Amazon. Reliance Retail said the deal, which grants it 100% ownership of Vitalic’s subsidiaries — Netmeds, Tresara, and Dadha Pharma — valued the parent firm at about $134 million. Netmeds serves 5.7 million customers in more than 670 cities a...
Tags: Health, Amazon, Apps, Asia, India, Funding, Tech, New Delhi, Bangalore, Amazon India, Reliance, Reliance Industries, Reliance Retail, Deepak Shenoy, Vitalic, NetMeds


Amazon tops 1 million Prime subscribers in India; reports record seller participation in Prime Day

Amazon has amassed at least 1 million subscribers for its Prime loyalty service in India, the e-commerce giant revealed today in a long rundown of how its platform fared during last week’s Prime Day in the world’s second largest internet market. More than a million Prime subscribers in India shopped from small businesses in the two weeks leading up to 48-hour Prime Day event last week, the company said in a blog post. Factoring in the ongoing global pandemic, Amazon last month chose India as ...
Tags: Amazon, Ecommerce, Asia, China, India, Tech, Walmart, Xiaomi, Jeff Bezos, Oneplus, Alexa, Amazon India, Amazon Prime Day, Diwali, Globally Amazon, Amit Agarwal SVP


Amazon inks cloud deal with Airtel in India

Amazon has found a new partner to expand the reach of its cloud services business — AWS — in India, the world’s second largest internet market. On Wednesday, the e-commerce giant announced it has partnered with Bharti Airtel, the third-largest telecom operator in India with more than 300 million subscribers, to sell a wide-range of AWS offerings under Airtel Cloud brand to small, medium, and large-sized businesses in the country. The deal could help AWS, which leads the cloud market in ...
Tags: Google, Amazon, Verizon, Cloud, Asia, Enterprise, Microsoft, India, Azure, Tech, Aws, South Asia, Airtel, Amazon India, Google Facebook, Bharti Airtel


India’s Flipkart gives hyperlocal delivery service another try

Flipkart on Tuesday launched a hyperlocal service in suburbs of Bangalore, four years after the e-commerce group abruptly concluded its previous foray into this category. The e-commerce group, owned by Walmart, said Flipkart Quick leverages the company’s supply chain infrastructure and a new location mapping technology framework to deliver more than 2,000 products across grocery, perishables, smartphones, electronics accessories, and stationary items within 90 minutes to customers. When a ...
Tags: Amazon, Startups, Ecommerce, Asia, India, Walmart, Flipkart, Bangalore, Amazon India, Indiranagar, Flipkart Quick, Whitefield Panathur, Sandeep Karwa


Amazon reportedly in talks to buy a 9.9% stake in India’s Reliance Retail

Amazon may join its global rivals Google and Facebook in backing one of Indian billionaire Mukesh Ambani’s ventures. The American e-commerce giant is in preliminary talks to acquire a 9.9% stake in Reliance Retail, local TV news channel ET Now reported Thursday afternoon, citing unnamed sources. Reliance Retail, founded in 2006, is the largest retail chain in India. It serves over 3.5 million customers each week as of early this year through its nearly 10,000 physical stores in more than 6...
Tags: Google, Amazon, Facebook, Ecommerce, Asia, India, Funding, Tech, Walmart, Atlantic, Flipkart, Amazon India, Reliance Jio, Reliance Industries, Reliance Retail, Mukesh Ambani