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Amazon makes formal bid to buy 60% stake in Flipkart: Reports
Posted on 2nd May 2018
US online retail giant Amazon has made a formal offer to buy a 60 per cent stake in India's leading e-commerce marketplace Flipkart, according to a report by CNBC TV18 which cited sources.

Amazon's offer to acquire a majority stake in Flipkart comes at a time when rival Walmart is close to completing a $12 billion deal to pick up an equivalent amount of stake in the Indian firm.


Amazon sees 29% jump in global losses on India business
Posted on 28th April 2018
BENGALURU: Amazon’s international losses jumped 29% to $622 million for the quarter ending March 2018, as against $481 million for the corresponding period in the previous year. The web retailer’s year-on-year losses from its global business continue to rise largely due to its India investments.

Amazon to add five fulfilment centres in India, boost warehousing capacity
Posted on 27th April 2018
Amazon is continuing to pepper India with its warehouses, announcing the opening of five new fulfillment centres, which will be ready in the next six months. This comes at a time when logistics and warehousing is becoming one of the most important investments for e-commerce companies in the country.

To be located in Bengaluru, Mumbai, Delhi, Vijayawada and Kolkata, the five new centres will serve Amazon's core e-commerce business and will take the total number of warehouses of the company in the country to 67.


Flipkart-Walmart deal on track, but Amazon remains a contender
Posted on 25th April 2018
Bengaluru: Even as Walmart Inc. inches closer to a deal to buy a majority stake in Flipkart, the board of India’s largest online retailer will keep Amazon as an alternative suitor in case the proposed sale to Walmart falls through, two people familiar with the matter said.

Amazon's next big plan for India: To deliver 'all you need' in 2 hours
Posted on 23rd April 2018
Amazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years, as it moves to broaden offerings in the segment and foray into areas such as fresh produce.

Amit Agarwal, the India head of Amazon, said in an interview on Friday that groceries and goods such as creams, soaps and cleaning products, were already the largest product category on Amazon in terms of number of units sold in India.


Billionaire Bezos and the warehouse workers: Is Amazon a high-paying tech company or a low-wage retailer?
Posted on 21st April 2018
We have just learned that the median salary of employees at Amazon.com Inc. is $28,446, excluding its chief executive officer and founder, Jeff Bezos. That pitiful number raises an intriguing question: Is Amazon a high-paying tech company or a low-wage retailer?

“Both” is the obvious answer, but to this Amazon aficionado that answer is incomplete.


Amazon fastest growing marketplace in India: Jeff Bezos
Posted on 20th April 2018
Bengaluru: Amazon India is the fastest growing marketplace in India and the most visited site on both desktop and mobile in the country, according to Amazon founder and chief executive officer (CEO) Jeff Bezos.

In a letter to shareholders early on Thursday, Bezos cited data from market analytics firms comScore and SimilarWeb to highlight Amazon’s dominance in India.


Amazon silently launches 'Internet', a private web browser in India
Posted on 19th April 2018
E-commerce giant Amazon has silently launched a web browser for Android devices in India called ‘Internet’ which it claims is fast, doesn’t occupy much storage space on a user’s device and does not collect private data like other browsers.

The browser, which has been available on the Google Play Store since March, has just over a hundred installs so far.


Amazon’s Indian sellers grow global business by 200%
Posted on 13th April 2018
BENGALURU: Showing a clear intent to push its global selling business from Indian merchants, Amazon has now opened the Australian market for local sellers. With the addition of Australia, Indian merchants can now sell to 11 international markets, including the US, Canada and Europe.

Globally, cross-border sales by small-and medium-sized businesses on Amazon grew more than 50% last year, with Indian sellers clocking 200% growth, Eric L Broussard, Amazon VP and head (international seller services), said.


Amazon may cut prices in market share battle with Flipkart
Posted on 12th April 2018
Bengaluru: After struggling to close the gap with Flipkart Ltd, Amazon India plans to cut prices and increase spending over the next few quarters to increase its market share in the company’s most important international market, three people familiar with the matter said.

Amazon is simultaneously competing with its domestic rival Walmart Inc., the world’s largest retailer, to buy a majority stake in Flipkart.


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