Amazon.com Inc’s (AMZN.O) India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been stuck indoors for two months in a lockdown to fight the coronavirus outbreak. E-commerce firms faced massive disruption in the initial days of the lockdown in India, but a slow easing of the stringent regulations has allowed them to...
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India welcomed Jeff Bezos this week with an antitrust probe. On top of that, thousands of small merchants who typically compete with one another are beginning to gather across the country to hold a protest against the alleged predatory practices by the e-commerce giant. But Amazon founder and chief executive’s love for one of the company’s most important overseas markets remains untainted. At a conference...
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Amazon just opened its biggest office building in the world in the Indian city of Hyderabad. The online retail giant’s new campus in the city’s financial district opened on Wednesday. It covers 9.5 acres and has 1.8 million square feet of office space, making it “Amazon’s single largest building in the world in terms of total area,” according to the company. The building can accommodate...
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India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com <AMZN.O> executive said on Wednesday. “There is so much opportunity to just let ecommerce thrive versus trying to define every single guard rail under which it should operate,” Amazon’s India head Amit Agarwal told Reuters, ahead of...
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One of the biggest sellers on Amazon.com Inc’s India website has returned after the online retail giant changed its business structures to comply with new federal e-commerce curbs that took effect last week, two sources told Reuters. India’s modified foreign direct investment rules that kicked in on Feb. 1, prevent companies such as Amazon from selling products from vendors where they, or their group companies,...
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There’s no doubt that India is a gold mine for Amazon (NASDAQ:AMZN). The company is tapping into the many opportunities in this region, ranging from e-commerce to smart speakersand even insurance, but it will keep pushing the envelope, as its latest move indicates. Recent filings with Indian regulatory authorities revealed that the e-commerce giant has made a fresh infusion of $80 million into its digital payments business, Amazon Pay. This brings the...
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There’s been a great deal of interest in ecommerce in India of late. Obviously, Walmart is going to buy Flipkart in a multi-billion dollar deal. And that has prompted eBay to withdraw from it’s arrangement with Flipkart and announce that it will be relaunching eBay.in. And seeing as it will receive $1.1bn for divesting its interest in the Indian marketplace. So there is a bit of a...
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Amazon India claims that sales grew 66% in the third quarter of 2017. And even more bullishly they claimed to be expanding faster than their rivals, specifically Flipkart. An Amazon India spokesperson claimed that not only was Amazon growing strongly but is doing so a more significant pace than competitors: “We are clearly growing faster than industry peers who are posting growth at about 20-25 per...
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