US-based e-commerce giant Amazon has infused Rs 915 crore fresh capital into one of its India units – Amazon Seller Services, according to PTI report. The fresh infusion is expected to provide more arsenal to Amazon in India to compete more aggressively against rivals like Walmart-owned Flipkart and Mukesh Ambani’s JioMart. Amazon Corporate Holdings and…
At a time when layoffs, furloughs, and pay cuts have become a common phenomenon, e-commerce giant Amazon is surely leading the way in job creation and salary benefits for employees. The Jeff Bezos-led company recently said that it would spend $500mn on one-time bonuses to its front-line employees and partners working through the coronavirus crisis.…
Online retail giant Amazon is reportedly in talks with Indian mobile operator Bharti Airtel to buy a stake worth at least $2 billion. According to a Reuters report, the deal is expected to “turbocharge” India’s digital economy. If the alleged transaction comes through, Amazon would roughly acquire 5% stake in the country’s third largest telecom…
Online retail giant Amazon recently announced that its India unit is planning to hire 50,000 temporary or seasonal employees in the country. The recent move by the company is a result of recently relaxed lockdown norms by the Government of India which allowed for the delivery of non-essential items in all zones except containment areas.…
Online retail giant Amazon Inc has reportedly told staff whose job can be done from home that they can do so until at least October 2, Reuters reported. Brushing out the timeline on a return to work for many employees, the move is seen as an outcome of the scrutiny the company is facing over…
The Competition Commission of India (CCI) has approved the acquisition by Amazon.com NV Investment Holdings LLC (“Acquirer”) in Future Coupons (Private) Limited (“FCL/Target”), under Section 31(1) of the Competition Act, 2002. The proposed combination pertains to the acquisition by the Acquirer of approximately 49% of the voting and non-voting equity shares of the Target (“Proposed…