/Tag: Amazon

Amazon’s $2.77-bn cloud investment in India may force rivals to follow suit

2020-11-13T11:46:45+00:00November 13th, 2020|Guest Columns - India Global Business, Insight - India Global Business|

The Amazon Web Service Cloud project will ensure higher levels of data localisation and security in India and could pave the way for the country to emerge as a major cloud storage destination. This could open up economic opportunities worth tens of billions of dollars.

Ambani-Bezos rivalry heats up; market awaits Amazon’s next move

2020-09-18T15:21:17+00:00September 15th, 2020|In Focus: Covid-19 impact, India Inc Views - India Global Business|

The fight to dominate India’s $700-bn retail market gathers intensity as Reliance acquires its nearest rival, leaving Amazon far behind. Even as there is speculation of Walmart buying a minority stake in Reliance Retail, the market is awaiting Bezos’ next move with bated breath.

Amazon creates 50,000 temporary jobs in India

2020-05-25T14:13:20+00:00May 25th, 2020|India Inc Views - India Global Business, News in Brief|

The temporary hires would function out of its fulfilment centers in India as part of their delivery network. E-commerce giant Amazon will hire 50,000 temporary workers to meet a surge in online shopping in India. The temporary hires would function out of Amazon India’s fulfilment centers as part of their delivery network, the company said while reiterating its commitment to India’s workforce, which in recent times have faced job cuts due to the COVID-19 pandemic. These temporary associates will work [...]

Amazon enters Indian food delivery market

2020-05-25T03:46:07+00:00May 24th, 2020|India Inc Views - India Global Business, News in Brief|

The e-commerce giant launched its food delivery service, called Amazon Food, in select parts of Bengaluru. Amazon forayed into food delivery segment in India to diversify its business. The e-commerce giant launched its food delivery service, called Amazon Food, in select parts of Bengaluru. The firm has been planning to enter the segment for a long time and piloted in few cities. With select pilots in Bengaluru, the company is looking to provide ‘contactless delivery’ of food from local restaurants, [...]

Amazon eyes stake in Future Retail

2020-05-14T15:16:13+00:00May 14th, 2020|India Inc Views - India Global Business, News in Brief|

Jeff Bezos-led Amazon may buy 49 per cent stake in Future Retail. E-commerce giant Amazon is likely to acquire a significant stake in Future Retail as the debt-ridden Indian retailer battles cash crunch. The US online retail giant is in discussion with Kishore Biyani-led Future Group over the potential stock purchase. Amazon could raise its holdings in the retailer to as much as 49 per cent. The discussions are at a preliminary stage and the companies can decide against any [...]

India sends out a loud message: Follow the law

2020-05-11T03:49:08+00:00January 31st, 2020|2020, North America Edition – 31 Jan-13 Feb 2020, The Big Story North America - India Global Business|

Indian Commerce Minister Piyush Goyal’s rebuke of Amazon chief Jeff Bezos, during his recent visit to India, needs to be seen in the context of the e-commerce giant’s alleged predatory and anti-competitive practices that threaten the livelihoods of millions in India’s largely unorganised retail sector. Highlights: Indian Commerce Minister Piyush Goyal’s criticism of Amazon chief Jeff Bezos was an unprecedented move. The rebuff from the government and the traders’ protests come at a time when India’s anti-trust regulator, the Competition [...]

India’s e-commerce policy caught between a rock and a hard place

2019-02-15T14:37:31+00:00February 8th, 2019|2019, UK Edition – February 2019|

India’s Draft E-Commerce Policy has set off a fierce debate in India about discounts, control and, most importantly, data security. The Indian government is reworking the Draft E-commerce Policy it had released earlier following criticism mainly from foreign players and several independent analysts. In particular, the draft drew criticism for its alleged bias in favour of protectionism and for making the domestic RuPay card, promoted by the National Payments Corporation of India (NPCI), the mandatory payments gateway. It had also [...]