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Covid-19 impact: Amazon delays Prime Day sales event, expects $100-mn hit
Posted on 4th April 2020
Amazon.com Inc is postponing its major summer shopping event Prime Day until at least August and expects a potential $100-million hit from excess devices it may now have to sell at a discount, according to internal meeting notes seen by Reuters.

Amazon declined to comment. Prime Day, a marketing event Amazon started in 2015 to drum up sales during the summer shopping lull, has previously occurred in July, though the company never publishes the date far in advance.

Amazon Pantry back online, resumes services in Bengaluru, Hyderabad, Pune
Posted on 3rd April 2020
Amazon Pantry, the company’s daily essentials store for Prime members, is back online and is accepting orders in a few cities after temporarily shutting down last week due to the lockdown.

It is now serviceable in Bengaluru, Hyderabad and Pune for select pincodes. Pantry offers essentials including food, beverages, household supplies, health and beauty products at discounted rates.

Amazon, Bill Gates-backed group join hands to deliver coronavirus test kits
Posted on 24th March 2020
Amazon.com Inc is teaming up with a research program funded by Bill Gates to pick up and deliver coronavirus test kits in Seattle, the e-commerce giant said on Monday.

The Seattle Coronavirus Assessment Network, a group of medical, public health and research organizations, is collecting nasal swabs from a sample of people across King County and Seattle to learn how the infection is spreading in the areas.

Amazon, Mercedes Benz employees in Bengaluru test positive for swine flu
Posted on 5th March 2020

A positive case of H1N1 (swine flu) has been detected at the Bengaluru office of e-commerce giant Amazon. The employee did

not show any signs of flu while at work and had stopped coming to office five days ago, said a source.


Jeff Bezos teams up with Narayana Murthy to enter India's food delivery biz
Posted on 28th February 2020

Amazon is all set to start its food delivery business in India from Bengaluru next month, says a news report in The Economic Times.

The launch of the service, which would be offered as part of either Amazon’s Prime Now or Amazon Fresh platform, could happen as soon as next month. With this, Amazon will take on estabished players such as Zomato and Swiggy.


CCI order to probe Amazon, Flipkart fell short of meeting norms: K'taka HC
Posted on 20th February 2020
The Karnataka High Court has prima facie not found merit in the Competition Commission of India’s (CCI’s) order of an investigation into some of the business practices of e-commerce majors Amazon India and Flipkart. The High Court last Friday granted an interim stay on a petition filed by Amazon, after hearing the matter for three days.

TDS levy on e-comm transactions may impact working capital: Amit Agarwal
Posted on 5th February 2020

Theproposed levy of1 per cent TDS on e-commerce transactions announced in the recent Budget may seemlike a harmless 'papercut' but could impactworking capital of small businesses,Amit Agarwal, country head of Amazon India and Chairman of industry body IAMAI said on Wednesday.

Agarwal said the focus for India should be on "removing friction and bottlenecks" and added that the target of USD 1 trillion digital economy is not far fetched for a country that is seen as a digital powerhouse.


Amazon's Jeff Bezos adds $13 bn to his fortune in 15 mins; stock rises
Posted on 1st February 2020

Shares of his Amazon.com surged 12 per cent to $2,100 in extended trading late on Thursday in New York, after the largest US e-commerce company reported fourth-quarter results that smashed Wall Street estimates.

Bezos, already the world’s richest person, added $13.2 billion to his fortune in 15 minutes. At the current price, his net worth would be about $129.5 billion, according to the Bloomberg Billionaires Index.


Amazon India inks two long-term agreements with Future Retail, FCL
Posted on 6th January 2020

Amazon India on Monday said it has entered into long-term business agreements with Future Group for expanding the reach of the latter's retail stores and consumer brands through its online marketplace. The development comes after Amazon had agreed to buy 49 per cent stake in Future Coupons Ltd that in turn holds stake in Future Retail Ltd (FRL) last year.

"FRL and Amazon India signed two agreements focusing on key categories - grocery and general merchandise, and fashion and footwear," according to a statement released Monday.


Amazon threatened to fire climate activists, says employee group
Posted on 3rd January 2020

A group of Amazon.com employees who pushed the company to combat climate change say Amazon has threatened to fire some of them if they continue to speak out about their employer’s internal affairs.

Two were threatened with termination, a spokesperson for Amazon Employees for Climate Justice said, and a total of four were told in meetings that they were in violation of the company’s policies on workers speaking to the press and on social media.


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