| Amazon India Related news |
Future retail: Amazon close to picking up 10 per cent stake
Posted on 14th August 2019 |
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Amazon is in late-stage talks to acquire as much as 10% of Kishore Biyani’s Future Retail, people familiar with the negotiations said, as the US company moves to bolster its brick-and-mortar presence in one of the world’s fastest-growing retail markets. India’s No. 2 retailer by turnover, Future is seeking a valuation of about Rs 2,000 crore ($281 million) from Amazon for the stake, according to the people, who asked not to be identified. |
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Amazon in talks to buy 8-10% stake in Future Retail; deal to close in weeks
Posted on 13th August 2019 |
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American e-commerce giant Amazon is in advanced stage of discussions with Future Retail Ltd for picking up 8-10 per cent stake in the Indian retail chain, according to sources. The deal with the Kishore Biyani-led company is expected to close in the next few weeks, sources close to the development said. |
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Amazon squeezing sellers that offer better prices on Walmart
Posted on 6th August 2019 |
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Amazon.com Inc.’s determination to offer shoppers the best deals is prompting merchants selling products on its marketplace to raise their prices on competing websites, a testament to the company’s growing influence over the e-commerce market. Amazon constantly scans rivals’ prices to see if they’re lower. When it discovers a product is cheaper on, say, Walmart.com, Amazon alerts the company selling the item and then makes the product harder to find and buy on its own marketplace — effectively penalizing the merchant. |
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Amazon's deal to sell new Apple devices under US trade commission scanner
Posted on 3rd August 2019 |
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The Federal Trade Commission is scrutinizing a deal Amazon.com Inc. made with Apple Inc. to sell iPhones directly on its e-commerce site, signaling the agency has increased oversight of the tech giant. John Bumstead, who sells refurbished Apple products, said in a Facebook post last month that about seven lawyers and an economist from the FTC interviewed him about the deal. |
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Amazon in talks to buy upto 26% stake in Reliance Retail: Report
Posted on 1st August 2019 |
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Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday. Talks began after Reliance's negotiations with China's Alibaba Group to sell a stake in the retail entity fell through due to differences over valuation, the financial daily reported citing two senior industry executives. |
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‘Amazon destroyed US retail industry’: US Treasury Secy slams Jeff Bezos
Posted on 26th July 2019 |
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While Jeff Bezos’ Amazon, along with other big technology firms, faces regulatory scrutiny in the US and antitrust investigation in the European Union, the e-commerce giant has found another critic in American Treasury Secretary, who accused it of ruining the country’s retail industry. “If you look at Amazon, though there are certain benefits to it, they have destroyed the retail industry across the United States. |
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Amazon Seller Services moves against Delhi HC’s interim order
Posted on 25th July 2019 |
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New Delhi: Amazon Seller Services Private Limited on Thursday moved against a Delhi High Court interim order, which had restrained e-commerce marketplaces such as Amazon, Flipkart and Snapdeal from advertising, displaying or offering for sale products belonging to Amway, Modicare and Oriflame without their consent. |
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Amazon lands in trouble again: Hit with consumer complaint over Prime Day endorsements
Posted on 23rd July 2019 |
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Amazon.com Inc. should be investigated by U.S. regulators over undisclosed paid endorsements on Prime Day, a consumer advocacy group says. Washington-based Public Citizen asked the Federal Trade Commission in a letter dated Tuesday to examine the online retailer’s associates program, which is used by Amazon to build word-of-mouth sales on the platform in exchange for commissions. |
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Amazon workers’ Prime Day protest fails to shake up Jeff Bezos’s company
Posted on 22nd July 2019 |
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While Jeff Bezos’ Amazon got under fire last week with its workers launching a global protest, the same had a zero to microscopic effect on the company even with the backing of cause-driven millennials, Eric Schiffer, CEO, US-based Patriarch Organisation told Financial Express Online. “When a reported “15” employees show for the strike, and a small number online, even critics of Amazon know it was a tactical disaster in terms of influencing Amazon,” he said, |
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Amazon in deal with German watchdog to overhaul marketplace terms
Posted on 17th July 2019 |
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Amazon has reached a deal with Germany’s anti-trust authority to overhaul its terms of service for third-party merchants, who had complained of unfair treatment when selling through the world’s biggest online retailer. The Federal Cartel Office said on Wednesday it was dropping a seven-month investigation after the U.S. e-commerce giant agreed to amend its Business Services Agreement that applies to merchants using its platform. |
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