December 04, 2022 00:25 (IST)
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Bengal govt bans hookah bars in Kolkata citing adverse impact on public health | CBI summons KCR's daughter K Kavitha in Delhi liquor policy case | 'By Bengali I meant illegal Bangladeshi and Rohingya': Paresh Rawal issues apology amid row over comment | ISRO scientists Nambi Narayanan espionage: Supreme Court sets aside bail granted to 4 accused | Will continue fight for J&K’s Statehood, land, job rights: Ghulam Nabi Azad

Amazon denies laying off employees, says all resignations voluntary

Bengaluru/IBNS: Amazon has told India’s labour ministry that it did not sack any employee and all the workers left the company voluntarily as part of the Voluntary Separation Plan (VSP), media reports said.

Centre asked to probe Amazon layoffs

Bengaluru: Nites has submitted a petition requesting the Central government and state labour authorities to conduct an inquiry regarding the unethical and illegal layoffs via email sent to employees by Amazon.

Amazon likely to lay off 1000 employees amid losses: Report

Seattle/IBNS: Amazon is likely to lay off thousands of employees and implement cost-cutting measures as the last few quarters haven't been profitable, media reports said.

Amazon becomes first ever public company to lose USD 1 trillion in market value

Seattle/IBNS: Amazon has become the world's first public firm to lose USD 1 trillion in market valuation on the backs of inflation, tightened monetary policy, and let down in earnings, causing a major sell-off in its stock this year, Bloomberg reported.

Amazon vs Future: SC to hear Amazon's plea on Oct 11

New Delhi: Supreme Court will hear the Amazon.com NV Investment Holding LLC (Amazon) plea challenging the June 13 NCLAT order, which upheld the anti-trust body CCI's ruling, on October 11.

Cloudatail denies controlling links with Amazon, opposes CCI raid

New Delhi: E-commerce seller Cloudtail India has challenged the CCI's April 28 raid on its premises, saying that Amazon has no controlling interest in it and the vendor cannot be linked to a case that was against the e-commerce platforms.

CCPA fines Amazon Rs 1 lakh for selling sub-standard pressure cookers

New Delhi: In a suo moto action, the Central Consumer Protection Authority (CCPA) has fined Amazon's e-commerce platform Rs 1 lakh for selling sub-standard pressure cookers in violation of mandatory standards.

NCLT allows insolvency proceedings against Future Retail

The Mumbai bench of the National Company Law Tribunal (NCLT) allowed a consortium of lenders, led by Bank of India, to initiate insolvency proceedings against debt-laden Future Retail, media reports said.

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.