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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

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