India’s Enforcement Directorate To Probe Amazon’s Alleged Flouting Of FDI Rules
Reuters’ bombshell report on Amazon has put it in the cross-hairs of India’s Enforcement Directorate. India’s ED — which is a law enforcement…
Tag: amazon
In Setback To Amazon, CCI Approves Reliance-Future Group Deal
Reliance has won a major battle as it grapples with Amazon over the future of the Future Group. The Competition Commission of India…
Jeff Bezos Pips Warren Buffet To Become The Third Richest Man In The World
Amazon is flourishing, and so is founder Jeff Bezos. The company’s shares have risen 54% since February this year, and that’s added $5.4 billion to Bezos wealth this year. This rise has helped him pip Warren Buffet to become the third richest man in the world.
Amazon Is Building These Huge Greenhouse Spheres To Inspire Its Employees
20 years after revolutionising online shopping and digital services, Amazon’s venturing into a rather new territory. The company is building huge spherical buildings in Seattle, the home to the online retailer, which will house a variety of 3000+ endangered and exotic trees and plants. The spheres will be temperature controlled, acting as giant treehouses that will double up as venues for employee camps.
Drama On Twitter As Flipkart, Amazon Spar Over MotoG Launch
It’s trying times for e-commerce companies in India, and the tensions appear to be spilling over to social media. Amazon and Flipkart fans have traded allegations on Twitter over Flipkart stealing the show as Amazon tried to launch the Moto G4.
Amazon Now Has 3 CEOs
Amazon is a big company. So big that within Amazon, there are 2 other business units, who now have their own CEOs.
Amazon has promoted the leaders of its online retail site and cloud computing unit to the CEOs of their respective groups, making each of them more of a distinct business.
Amazon Now Employs Women To Deliver Packages
Women have broken through yet another traditionally male bastion. Amazon deliveryboys, which are now a ubiquitous sight in India as they zip and weave through traffic on their bikes, shall now just be boys any more. Amazon is piloting a project in Chennai and Kolkata in which women shall go around delivering packages
Amazon India Posts Rs. 1724 Crore Loss In 2015
Amazon India has just announced that it suffered losses worth Rs. 1728 crore for the year ending March 2015. In comparison, Flipkart had announced losses of Rs. 2000 crore in the same period. Snapdeal’s losses stood at Rs. 1350 crore.
Amazon Goes Eco-friendly; Will Use Cycles To Deliver At Short Distances
Amazon is experimenting with cycles to deliver last-mile orders. Orders under the radius of 3-5 km will be delivered through this mode. The delivery team would be provided with geared bikes to carry packages of up to 7.5 kg per trip.