June 28, 2022 08:53 (IST)
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Amazon's CEO of worldwide consumer business quits after 23 yrs of service

Amazon Friday said the chief executive officer of its worldwide consumer business, David Clark, is leaving the company after 23 years of service to pursue other opportunities.

Amazon Kindle to exit China despite phenomenal growth prospects

Amazon is going to withdraw its Kindle business, including its e-readers and e-bookstore, from China, the US-based e-commerce giant announced on its official Wechat account on Thursday, Reuters reported.

Amazon writes to independent directors of Future Retail, accuses them of 'fraudulent stratagem'

Amazon has written to the independent directors of Future Retail Ltd (FRL), accusing them of facilitating a "fraudulent stratagem" of transferring 835 stores to billionaire Mukesh Ambani's Reliance Retail.

Amazon India says it created 11.6 lakh jobs, enabled $5 billion in exports, digitized over 40 lakh MSMEs

Mumbai: E-commerce giant Amazon on Sunday said it has cumulatively created over 11.6 lakh direct and indirect jobs; enabled nearly $5 billion in exports and digitized over 40 lakh MSMEs in India.

Amazon doubles exports pledge, to now enable $20 billion in exports from India by 2025

Kolkata/UNI: Amazon on Wednesday unveiled the Exports Digest 2022 and announced that cumulative exports by Indian exporters on the Amazon Global Selling program are on track to surpass the $5 billion milestone.

Lenders vote against Future Group's proposed deal with Reliance

Future Group's plan to sell its retail and wholesale assets to Reliance Retail failed after the majority of the lenders of the flagship Future Retail Ltd (FRL) voted against such a takeover by Reliance, media reports said.

Reliance-Future deal: SC to list hearing of Amazon's plea to preserve Future Retail Ltd's assets, resume arbitration

New Delhi: A Supreme Court bench headed by Chief Justice N V Ramana Tuesday said that it would list for hearing the interim plea of e-commerce major Amazon seeking preservation of Future Retail Ltd's assets besides resumption of arbitration over the merger deal with Reliance Retail, media reports said.

NSE IFSC to start trading 8 premium US stocks from tomorrow

Indian investors will now be able to invest in shares of US-based companies like Amazon, Tesla, Alphabet, Meta Platforms, Microsoft, Netflix, Apple and Walmart, starting March 3.

Future Retail accuses Amazon of blocking its OTR scheme, asks US etailer to pay the lenders

Amazon's January 19 letter opposing the sale of small-format stores by Future Retail Limited (FRL) has elicited a terse response from the latter's independent directors, who asked the e-commerce giant to pay Rs 3,500 crore to FRL so that it can repay its lenders, media reports said.

CAIT files petition to block Amazon's bid to buy 100 pc stake in Cloudtail

New Delhi/UNI/IBNS: American e-commerce giant Amazon has landed in fesh trouble as Delhi-based Confederation of All India Traders (CAIT) on Friday has filed a petition before the Competition Commission of India (CCI) seeking to block Amazon's deal to acquire 100 per cent stake in Cloudtail.

Amazon files fresh law suits in dispute with Future group: Report

New Delhi/IBNS: Amazon has approached the courts challenging the recent decisions in its protracted legal dispute with Kishore Biyani-led Future Group after the Competition Commission of India suspended a 2019 deal between the two sides, leading to a halt in their arbitration, Reuters reported on Sunday citing sources.

Amazon-Future Grp case: Delhi HC rebukes ED for insisting physical appearance of Amazon exec in Delhi amid Covid surge

Delhi/IBNS: The Delhi High Court on Wednesday told the Enforcement Directorate (ED) that it cannot force a top Amazon executive, who lives in Mumbai and is a mother of an unvaccinated two-year-old child, to be physically present to answer summons as part of its probe into the Amazon Future Group deal, media reports said.

Jolt for Future as Delhi HC dismisses plea seeking ending of arbitration proceedings with Amazon

New Delhi/IBNS: In a major setback to Future Group, the Delhi High Court has dismissed the pleas filed by Future Group of companies to terminate the arbitration proceedings with Amazon going on in Singapore International Arbitration Centre, media reports said.

Amazon seeks CCI's approval to acquire Catamaran's stake in Cloudtail

New Delhi/IBNS: Amazon has sought regulatory approval to acquire acquire Catamaran Venture’s entire stake in Prione Business Services, which owns Cloudtail, one of the largest sellers on the US-based ecommerce major’s Indian platform, Economic Times reported.

Amazon sues ED over investigation of its 2019 deal with Future Group

New Delhi/IBNS: Amazon is set to sue the Enforcement Directorate (ED) over the agency's probe in its 2019 deal with Future Group.