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How to find new products on Amazon? Jeff Bezos has this plan for fresh listings
Posted on 9th September 2019
Jeff Bezos’ Amazon is reportedly testing a new feature for its popular e-commerce platform to help shoppers discover newly released products. In the latest attempt, Amazon will help customers to decide what to buy, CNBC reported, and the company is testing the feature in select markets for certain customers, a company spokesperson told the news channel. Amazon already has few live badges such as Top Brand, the orange-coloured Bestsellers flag, and Amazon’s Choice which take into account factors including customer reviews and pricing.

Amazon has also been testing Top Brand badge for select products of more established brands. Amazon’s latest attempt is expected to improve the shopping experience on the e-commerce site. While Amazon has a vast selection of products and boasts of a convenient ordering process, the site is often called out for poor navigation tools which do not help with the discovery of new products, CNBC said, adding that the badge “could also draw attention to how Amazon determines which products get certain designations on the site”.

Previously, two US senators had sought clarity from one of the largest e-commerce platforms globally regarding the policy about badges. In a letter to Jeff Bezos, the said senators asked for information on Amazon’s Choice program and cited several reports that questioned Amazon’s recommendation engine.

Meanwhile, the e-commerce platform was recently called out by three US senators who expressed concerns about Amazon selling unsafe products and in a letter addressed to founder Jeff Bezos, the senators asked for the products to be taken down off the platform, CNBC reported a few days back. This came days after a Wall Street Journal report alleged that Amazon was selling over 4,000 products that have been red-flagged, have misleading labels or are banned by regulators such as USFDA (United States Food and Drug Administration).

Related Companies: Ford India Limited   

Other Latest News
Bajaj Auto net profit surges to ₹1,402 crore, shares rise
Posted on 23rd October 2019
Bajaj Auto today reported better-than-expected earnings for the quarter ended September 30, pushing its shares 2% higher in afternoon trade. Bajaj Auto shares were up 2% at ₹3,186 as compared to a 0.44% rise in Sensex. The automaker's profit rose 22% to ₹1,402 crore, aided by a tax expense reversal of ₹182 crore due to the recent lowering of corporate tax rate.

Amazon’s new move to boost customer connect: Publishes success of small business sellers on boxes
Posted on 23rd October 2019
In a first-of-its-kind move by an e-commerce company, Amazon optimising its delivery boxes to increase customer engagement has announced Storyboxes — a packaging initiative where Amazon shares the growth journey of its sellers on the boxes. The company started the initiative during its annual Great Indian Festival sale (September 29 – October 4) to print the stories of its six sellers as of now. The company is looking to increase the number of such sellers’ stories ahead.

American firm readies class action suit against Infosys on whistleblower allegations
Posted on 23rd October 2019
Even as Infosys battles whistleblower allegations of using aggressive accounting methods to boost its revenues and margin, a US-based law firm, Rosen Law Firm, which specialises in securities class actions, said it was preparing such a suit to recover losses suffered by the investors. “Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Infosys investors,” it said in a statement.

DoT seeks relief for BSNL, MTNL once again, but with fewer demands
Posted on 23rd October 2019
Department of Telecommunications has again sought relief for the beleaguered Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd with fewer demands, essentially translating into lesser cash outgo by the Centre.

It is learnt that DoT has sought funds for the voluntary retirement schemes of the two sick units and allotment of 4G spectrum, besides proposing to raise finances by monetising assets.


SBI Life Insurance joins Rs 1-trillion m- cap club, stock hits record high
Posted on 23rd October 2019
SBI Life Insurance Company today entered the coveted Rs 1 trillion market capitalisation (market-cap) club after its share price hit a fresh all-time high on the National Stock Exchange (NSE). The stock of the life insurance company hit a new high of Rs 1,012 on Wednesday in the intra-day deal.

Following the uptick in the counter, SBI Life’s market cap crossed Rs 1-trillion mark or Rs 1,01,200 crore in intra-day trade today.


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