#amazonindia

Karnataka HC dismisses petitions against probing Amazon, Flipkart: Here are the allegations against e-commerce giants

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On Friday, the Karnataka High Court dismissed the plea filed by e-commerce companies Amazon and Flipkart, challenging the probe ordered by the Competition Commission of India (CCI) against them for violations of Competition Law. In a significant judgement on Friday, the Karnataka High Court quashed the writ petitions filed by Amazon.com Inc. and Walmart-owned Flipkart against an … Read more

ED summons Amazon India head to probe alleged irregularities in Amazon – Future Coupons deal

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The Enforcement Directorate (ED) has summoned the top management of Amazon Inc. and Future Coupons Pvt Ltd. (FCPL) for questioning and verification of documents in connection with their August 2019 deal. The ED has summoned Amazon’s India head, Amit Agarwal, besides promoters of the Future Group to turn up next week at the New Delhi headquarters of … Read more

CCI suspends approval to 2019 Amazon-Future deal being used by Amazon to block the Future-Reliance deal, slaps Rs 200 crore penalty on Amazon

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The 2019 Amazon deal with Future Coupons, a unit of Future Retail Ltd, has been suspended by the chief national competition regulator in India, the Competition Commission of India (CCI). In addition, the regulatory body has also fined the US e-commerce giant Rs 200 crore for concealing facts while obtaining approval for the deal. The CCI said … Read more

Amazon Web Services to invest over 1 lakh crore in cloud infrastructure in India by 2030

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Amazon Web Services (AWS) on Thursday announced it plans to invest USD 12.7 billion (Rs 1,05,600 crore) in cloud infrastructure in India by 2030 to meet growing customer demand for cloud services in India. This investment is estimated to contribute USD 23.3 billion (Rs 1,94,700 crore) to India’s total gross domestic product (GDP) by 2030, … Read more

Amazon’s ‘automated’ ‘Just Walk Out’ service relied on low-paid Indian workers manually adding items and making bills, not AI: Report

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On Tuesday (2nd April), The Information reported that Amazon is phasing out its AI-based “Just Walk Out” technology from its checkout-less grocery stores. While it was introduced as an automated checkout service it has turned out that around 1,000 low-paid Indian workers were employed by Amazon to watch and labelling videos of customers in Amazon Fresh stores to ensure accuracy in … Read more