Business

Amazon’s ‘Great Indian Festival’ to begin from Oct 3

Editorial Bureau September 26, 2021

Bengaluru – Continuing with its commitment to support Small Medium Businesses (SMBs), Amazon India on Sunday announced that it is all set to begin its ‘Great Indian Festival’ (GIF) 2021 from October 3. The company said that Amazon GIF 2021 is dedicated to lakhs of small

Business

Flipkart co-founder questions Indian enforcement agency probe

Editorial Bureau September 4, 2021

NEW DELHI (INDIA) – Sachin Bansal, co-founder of e-commerce giant Flipkart, has mounted a court challenge against India’s financial crime-fighting agency, which has accused him and others of violation of foreign investment laws, court records showed. The agency, the Enforcement Directorate, had in July issued a so-called show cause notice to Flipkart, its

Business

Amazon struck with record EU data privacy fine

Editorial Bureau July 30, 2021

Amazon.com Inc has been struck with a record $886.6 million (746 million euros) European Union fine for processing personal data in breach of the bloc’s GDPR rules, as privacy regulators take a more aggressive position on enforcement. The Luxembourg National Commission for Data Protection (CNPD) imposed the fine on Amazon in a July 16 decision, […]

Business

Walmart’s Flipkart, Amazon urge India’s top court to stop antitrust queries

Editorial Bureau July 29, 2021

NEW DELHI (INDIA) -Walmart-owned Flipkart and Amazon.com Inc have urged India’s Supreme Court to restrain the country’s antitrust body from pursuing sensitive business information in an e-commerce investigation, according to filings seen by a prominent organisation. The requests, in court documents which have not been made public, illustrate the level of

Business

India court dismissed Amazon, Walmart’s Flipkart bid to suspend antitrust probe

Editorial Bureau July 23, 2021

MUMBAI (INDIA) -An Indian court on Friday dismissed appeals by Amazon.com Inc and Walmart’s Flipkart that sought to suspend an antitrust investigation into their business practices, dealing a major setback to the US firms in a key market. The Competition Commission of India (CCI) last year ordered an inquiry after allegations from brick-and-mortar retailers that […]

Uncategorized

India watchdog alleges Amazon of concealing facts over deal for Future Group unit

Editorial Bureau July 22, 2021

NEW DELHI (INDIA) -India’s antitrust regulator has accused Amazon.com Inc of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the US e-commerce giant seen by a prominent media organisation showed. The letter complicates Amazon’s bitter legal battle with Future Group over […]

Tech

Insurers not ready to take a chance of losing Bezos, 2021 Space Odyssey a significant risk

Editorial Bureau June 24, 2021

Amazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth’s atmosphere. however, Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of […]

Reviews

German union urges Amazon workers to strike on ‘Prime Day’

Editorial Bureau June 21, 2021

BERLIN (GERMANY) – A German trade union urged workers at seven Amazon warehouses to go on strike on Monday for several days to coincide with the global Prime Day promotion. Verdi said it was organising the three-day strike as part of a long-running battle with the US tech giant in Germany over better pay and […]

Asia

Scrutanising tech firms, Antitrust probe against Amazon and Flipkart

Editorial Bureau June 15, 2021

NEW DELHI (INDIA) – As part of intensifying scrutiny of big-tech firms, India’s antitrust watchdog plans to restart a probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc’s Flipkart. The comments come as major US technology firms including Twitter Inc and Facebook Inc are at loggerheads with the government over issues

Europe

Broadcasting rights to Amazon TV, French television will stop showing soccer games

Editorial Bureau June 11, 2021

PARIS (FRANCE) – As a protest at a decision to award some broadcasting rights to Amazon, France’s Canal+ television group said on Friday it would stop showing top division French soccer games. The move by Canal+ plunges the French professional league (LFP) back into crisis just as it hoped to resolve problems after the withdrawal […]