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Amazon infuses Rs 915 cr in Indian marketplace entity

Amazon infuses Rs 915 cr in Indian marketplace entity FE Bureau © Provided by The Financial Express E-commerce companies like Flipkart and Amazon are also extending financial and other benefits to help small and medium sellers that are starting at losses owing to restricted business. Amazon has infused a fresh Rs 915 crore into Indian marketplace entity Amazon Seller Services, filings sourced from business intelligence platform Tofler showed. The infusion in the segment, the first one this calendar year, comes at a time when a deadly spike in Covid infections has nudged more Indians to stay indoors and shop online. As several states imposed partial lockdowns and restrictions to check the spread, e-commerce platforms are seeing a surge in orders. Although some markets, including Maharashtra, Delhi, Madhya Pradesh, have allowed only delivery of essentials, products across categories are being shipped in other pockets of the country.

Supreme Court: Centre s Regulation Doesn t Have Provisions For Action Against Digital Platforms

Supreme Court: Centre s Regulation Doesn t Have Provisions For Action Against Digital Platforms
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Centre s social media regulation lacks teeth, says Supreme Court

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.

All eyes on Andy Jassy to steer Amazon India

All eyes on Andy Jassy to steer Amazon India Andy Jassy Share Via Read Full Story BENGLAURU : Andy Jassy’s appointment as Amazon Inc.’s new CEO comes at a time when the e-tailer in India is betting on new segments, including food delivery, healthcare and education, as the country’s e-commerce landscape witnesses its fiercest competition ever, with the entry of JioMart and Walmart-owned Flipkart Group still at the top spot. Jassy, 53, will also have the critical task of navigating India’s volatile regulatory environment after the e-commerce firm faced pushbacks in the past from the anti-trust regulator, trade bodies and the government. The e-commerce firm is currently also locked in a legal battle with Future Group over the latter’s ₹24,713 crore asset sale deal to Reliance Industries Ltd.

Amazon offers to help US with vaccine in letter to President Biden

Read more about Amazon offers to help US with vaccine in letter to President Biden on Business Standard. The world s largest online retailer has an agreement with a healthcare provider to administer vaccines at its facilities, Dave Clark, chief executive of Amazon s worldwide consumer business said

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