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Coronavirus Update: Amazon pauses sellers' loan repayments amid COVID-19 virus spread

Coronavirus Update: Amazon pauses sellers' loan repayments amid COVID-19 virus spread

Thu, Mar 26, 2020

Coronavirus Update: Amazon.com Inc on Wednesday said it temporarily would not require sellers in its marketplace to repay loans it had made to them.

COAI asks Netflix, Amazon Prime Video, others to take steps to ease network pressure

COAI asks Netflix, Amazon Prime Video, others to take steps to ease network pressure

Mon, Mar 23, 2020

Anticipating a spike in online video streaming demand amid lockdown and quarantine measures to contain the spread of coronavirus, COAI has urged the government to issue immediate instructions to streaming platforms like Netflix, Amazon Prime Video, and others to initiate measures that will ease pressure on network infrastructure, which is needed for "critical" functions at this juncture

'Apple Days' sale returns on Amazon

'Apple Days' sale returns on Amazon

Wed, Mar 18, 2020

Potential customers can get iPhone X series at its lowest price ever, with iPhone XS Max being available at Rs 69,900 and iPhone XS (512 GB) at Rs 79,900. Prime members can avail an additional discount of Rs 2,000 and Rs 3,000 on both the models respectively.

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Flipkart to spend $1.4 billion investment after careful cost considerations, says Binny Bansal

Flipkart to spend $1.4 billion investment after careful cost considerations, says Binny Bansal

Tue, Apr 11, 2017

Flipkart on Monday raised $500 million from eBay as it invested in the company and sold its Indian unit to the Indian e-commerce company.

Global IT spending likely to grow 1.4% to $3.5 trillion in 2017: Gartner

Global IT spending likely to grow 1.4% to $3.5 trillion in 2017: Gartner

Mon, Apr 10, 2017

Gartner on Monday said the global IT spending is projected to grow 1.4% to $3.5 trillion in 2017 on account of rise in US dollar.

eBay invests $500 million in Flipkart; sells its India unit

eBay invests $500 million in Flipkart; sells its India unit

Mon, Apr 10, 2017

Global marketplace giant eBay has invested $500 million in Indian e-commerce giant Flipkart. Ebay has backed Flipkart with an investment of $500 million for it to battle Amazon in India, according to a Reuters report. In addition eBay will sell its business to Flipkart.

Jeff Bezos to sell $1 billion Amazon stock a year to fund rocket venture

Jeff Bezos to sell $1 billion Amazon stock a year to fund rocket venture

Thu, Apr 06, 2017

Amazon.com founder Jeff Bezos said on Wednesday he is selling about $1 billion worth of the internet retailer`s stock annually to fund his Blue Origin rocket company, which aims to launch paying passengers on 11-minute space rides starting next year.

Under pressure, Snapdeal woos staff with promises of profit

Under pressure, Snapdeal woos staff with promises of profit

Tue, Apr 04, 2017

Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.

Get Moto G5 Plus for just Rs 999 on Flipkart today! Here's how

Get Moto G5 Plus for just Rs 999 on Flipkart today! Here's how

Tue, Apr 04, 2017

Not be undone by its rival e-commerce company, Flipkart is offering Rs 16,000 off on its exchange offer.

Moto G5 set for launch in India today; here are the specs, expected price

Moto G5 set for launch in India today; here are the specs, expected price

Tue, Apr 04, 2017

The Moto G5 is expected to be offered at a much lower price point and is expected to be pitted against Xiaomi's Redmi Note 4.

Amazon plans to cut 263 jobs at parenting products subsidiary Quidsi after losses

Amazon plans to cut 263 jobs at parenting products subsidiary Quidsi after losses

Thu, Mar 30, 2017

The US-based e-commerce company Amazon.com has planned to cut 263 jobs at its money-losing parenting products unit Quidsi this summer as part of a business restructuring.

Xiaomi Redmi 3S, Redmi 3S Prime on sale on Amazon at discounted rates

Xiaomi Redmi 3S, Redmi 3S Prime on sale on Amazon at discounted rates

Fri, Mar 24, 2017

The Redmi 3S is being offered at a discounted rate of Rs 8,999, while the Redmi 3S Prime is available for Rs 6,999.

Will e-commerce companies' brick and mortar bet pay off?

Will e-commerce companies' brick and mortar bet pay off?

Fri, Mar 24, 2017

E-commerce companies are now looking to go offline with GST coming in soon to get the price advantage.

Amazon wins $1.5 billion tax dispute over IRS

Amazon wins $1.5 billion tax dispute over IRS

Fri, Mar 24, 2017

The world`s largest online retailer has said the case involved transactions in 2005 and 2006, and could boost its federal tax bill by $1.5 billion plus interest. It also said a loss could add "significant" tax liabilities in later years.

Amazon to invest over $500 million in e-retail food in India, says Minister of food processing

Amazon to invest over $500 million in e-retail food in India, says Minister of food processing

Thu, Mar 23, 2017

E-commerce giant, Amazon will finally enter the online retail segment in India, Harsimrat Kaur Badal, Minister of food processing, said in New Delhi on Thursday.

Xiaomi Redmi 4A flash sale goes out of stock within minutes

Xiaomi Redmi 4A flash sale goes out of stock within minutes

Thu, Mar 23, 2017

The sale which began at 12 noon ended within 2 minutes of it going on sale.

Amazon to buy Middle Eastern online retailer Souq.com - sources

Amazon to buy Middle Eastern online retailer Souq.com - sources

Thu, Mar 23, 2017

For Amazon, Souq.com offers expertise and a foothold in a region where e-commerce is expanding quickly thanks to a young and tech-savvy population. Kuwait, Saudi Arabia and the United Arab Emirates are among the top markets worldwide for mobile phone penetration.

SoftBank-backed Snapdeal in deal talks with rivals Flipkart, Paytm: Report

SoftBank-backed Snapdeal in deal talks with rivals Flipkart, Paytm: Report

Wed, Mar 22, 2017

Softbank is expected to inject up to $50 million in bridge financing until a deal is finalised.

Reliance Industries' Mukesh Ambani tops Indian billionaire list in Forbes survey; see full list

Reliance Industries' Mukesh Ambani tops Indian billionaire list in Forbes survey; see full list

Tue, Mar 21, 2017

Reliance Industries' chairman and MD Mukesh Ambani has topped the list of Indian billionaires featured in Forbes recent survey titled 'The World's Billionaires' with global ranking of 33 and networth of $23.2 billion, find out names of other Indians in the list.

E-commerce companies to pay up to 1% TCS under GST

E-commerce companies to pay up to 1% TCS under GST

Sun, Mar 19, 2017

Industry has been expressing concern over the TCS provisions saying it would mean a lock-in of capital and also dissuades companies from selling through online aggregators.

Now, get iPhone SE for just Rs 19,999

Now, get iPhone SE for just Rs 19,999

Sat, Mar 18, 2017

The 16GB version is cheaper by Rs 19,000 than MRP and 64 GB is cheaper by Rs 23,000 than MRP.

Xiaomi likely to launch Redmi 4A on March 20 in India; partners exclusively with Amazon

Xiaomi likely to launch Redmi 4A on March 20 in India; partners exclusively with Amazon

Fri, Mar 17, 2017

China's electronic manufacturer Xiaomi is expected to launch Redmi 4A smartphone on March 20 in India.

Amazon enthusiastic over easing FDI norms; wants to invest in food supply

Amazon enthusiastic over easing FDI norms; wants to invest in food supply

Fri, Mar 17, 2017

E-commerce giant, Amazon India on Friday said that they were looking to partner with the government to increase food supply chain in the country.

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