The house construction industry in India is going through an upcoming boom, pushed by factors such as population growth, increasing demand for housing and the government’s pro-growth outlook. Maiden Forgings, a steel forging company, is capitalising on this growth and is involved in the production and supply of collated nails and stainless steel nails. In […]
Uber and Amazon have announced the second phase of their association to provide Amazon Prime members with additional benefits on all modes of transport on Uber. Effective May 2023, Prime members can continue to enjoy 5 per cent cashback on unlimited rides when using Amazon Pay as their payment mode. Out of the 5 per cent, they […]
Amazon India announced the launch of a ‘Yoga store’ which includes Yoga essentials from Indian sellers. “The store not only extends an opportunity for customers to adopt a healthier lifestyle but also aims to boost the growth of emerging Indian brands and manufacturers in the health and fitness category,” the company said in its official […]
Amazon will lay off about 500 employees in India across its businesses including Amazon Web Services (AWS) and more. The job cuts will also affect human resources and support functions, according to multiple media reports. The ongoing process of layoffs is part of Amazon’s previously announced 9,000 job cuts. In the first phase, the company […]
Amazon India will soon increase seller fees for various essential categories, including apparel, beauty products, groceries and medicines. According to a company spokesperson, the revision of seller fees is impacted by different elements, such as changing market dynamics and macroeconomic situations. As part of the recent fee revision, adjustments have been made to the fee […]
After multiple rounds of talks, Amazon India is believed to have acquired the OTT platform MX Player from Times Internet (TIL) by shelling out substantially less money than the last acquisition price. The marked-down price is not known but it could be around USD 45-50 million, which is between Rs 350-Rs 400 crore. Times Internet […]
Amazon is starting the year back in the black. The e-commerce giant on Thursday reported a profit of USD 3.2 billion for the first quarter, far exceeding analysts’ estimates, CNN Business reported on Friday. The Seattle-headquartered firm reported a loss of USD 3.8 billion in the year-ago quarter. The swing to a profit comes as […]
Amazon on Thursday announced the Anti-Counterfeiting Exchange (ACX), an industry collaboration designed to make it safer to shop online and more difficult for counterfeiters to move among different stores to attempt to sell their counterfeit goods. The Exchange will allow participating stores to share information about confirmed counterfeiters who attempted to use their services to […]
Kedar Ravangave, Head Brand & Category Marketing, Amazon has been added to the prestigious list of ‘BW Retail World 40 under 40’ by BW Businessworld. Ravangave is a marketing professional with over a decade of experience in the industry. He was rated as the best Management Trainee at Marico, where he started his career in […]
Amazon will shut down global online bookstore Book Depository after almost two decades, CNN Business reported. The UK-based bookseller, bought by Amazon in 2011, announced Wednesday that it would cease operations on April 26, but that customers could still place orders until midday UK time on that day. The company would continue to provide support […]
