Amazon India raises ₹915 crore from parent entities
May 08, 2021
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It plans to set up 10 new fulfillment centers, 5 new sortation centers, nearly 200 delivery stations Amazon India has raised ₹915 crore from its holding company, Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited Company.
According to documents filed with the Registrar of Companies, on April 23, Amazon Seller Services Pvt. Ltd. (ASSPL) raised ₹915 crore against 91,49,57,723 shares and 42,277 shares allotted to, Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited Company respectively. The documents were sourced from Tofler.
Since 2013, Amazon Inc. has committed to invest around $6.5 billion in its Indian operations. In the recent past, Amazon has announced the expansion of its operations network in India. It plans to set up 10 new fulfillment centers, 5 new sortation centers, nearly 200 delivery stations, and over 1,00,000 seasonal jobs to help meet customer demand.
Supreme Court: Centre s Regulation Doesn t Have Provisions For Action Against Digital Platforms
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against digital platforms which show inappropriate content or violate the norms. The top court also granted interim protection from arrest to Amazon Prime Video s India head Aparna Purohit in FIRs lodged over web series Tandav. It asked her to co-operate with the investigation and appear before the Investigating Officer as and when required. A bench comprising justices Ashok Bhushan and R S Reddy also issued notice to the Uttar Pradesh government on Purohit s plea for anticipatory bail in FIRs on Tandav series. The top court said that there is nothing in the rules to control the inappropriate content on these platforms and without legislation it may not be possible to control it.
Amazon Seller Services Pvt. Ltd. v. Amway India Enterprises Pvt. Ltd. & Ors.
[1] was centrally concerned with the applicability of 2016 Direct Selling Guidelines, contentions regarding inducement of breach of contract, Section 79 of the Information Technology Act
[2] and lastly tortuous interference. In this particular case, the dispute primarily revolved around two parties namely Amazon which is a well-known e-commerce platform and Amway being a direct selling entity. A Direct selling entity does not sell its services to the traditional retail marketplaces instead it entails the help of various non-salaried individuals who are known as direct sellers who in turn sell the product further at their local level. An electronic commercial platform, on the other hand, is an online marketplace that acts as the medium for sellers and different vendors to sell their products. They primarily act as a connection or a link between the seller and the customers in a virtual marketplace.
Amazon, publisher told to pay Rs 10,000 compensation to book buyer
Updated Dec 19, 2020, 10:50 am IST
When Mr Pawar received the book he noticed that the original value of boom was Rs 525 and not Rs 1,595
Mr Pawar approached the court and also included the publisher as a respondent.
Mumbai: A city consumer court has directed Amazon Seller Services Pvt. Ltd.
and publisher to pay compensation of Rs 10,000 for mental agony and Rs
5000 for legal expenses to a buyer who had purchased a book from the
online portal. The consumer had approached the court, as the book he
had bought was of MRP of Rs 525, but it was sold to him above the MRP
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