Amazon

Future-Reliance Deal: SC stays proceedings in HC related to attachment of  Future Group’s properties

A three-judge bench of the Supreme Court headed by Chief Justice of India NV Ramana has stayed all proceedings before the Delhi High Court for four weeks related to the implementation of an award by Singapore’s Emergency Arbitrator (EA) restraining Future Retail Ltd  (FRL) from going ahead with its Rs 24,731 crore merger deal with...

SC upholds stay on Reliance-Future Retail deal; big win for Amazon

Future Retail to explore legal remedies to finalize the deal    New Delhi: The Supreme Court of India has upheld the single-judge bench stay order on the sale of Future Retail Ltd (FRL) to Mukesh Ambani-led Reliance group. The order comes in favour of Amazon which has been embroiled in a bitter battle Reliance over...

Internet outage: Many social media, news and govt websites down

Users of thousands of popular websites including Reddit, Github, Twitch, Amazon, Spotify, CNN, Vimeo, Twitter and The Verge on Tuesday faced outages due to a glitch at US-based cloud computing services provider, Fastly. Notably, due to the glitch, websites of social media platforms, news and governments were affected. The issues reportedly affected UK government websites,...

Tamil Nadu govt wants ban on season 2 of ‘The Family Man’, makers clarify

The Tamil Nadu government has approached the Centre seeking a ban on the second season of the Amazon Prime web series ‘The Family Man’ not just in the state but throughout the country. A letter has been written by the state’s information technology minister T Mano Thangaraj to Union minister Prakash Javadekar claiming that the...

Delhi HC restrains Future Retail from going ahead with Reliance deal

Acting on a plea filed by e-commerce giant Amazon, the Delhi High Court on Thursday upheld the Singapore International Arbitration Centre’s order restraining Kishore Biyani-led Future Retail Limited from going ahead with its Rs 24,713 crore deal with Mukesh Ambani’s Reliance Retail. Justice JR Midha, while remarking that the group wilfully violated the Singapore...

Jeff Bezos to step down as Amazon CEO

World’s richest billionaire Jeff Bezos with a net worth of $196.2 billion will be stepping down as the CEO of e-commerce giant Amazon—a company founded by him in his garage in Seattle. He will be passing on the position to the head of Amazon Web Services Andy Jassy. The 57-year-old billionaire informed his employees about...

Amazon launches Amazon Academy for JEE aspirants

E-commerce giant Amazon India on Wednesday announced the launch of Amazon Academy to help students preparing for the Joint Entrance Examination (JEE) for admission to engineering colleges. The online facility claims to equip students with in-depth knowledge and practice routines required for the JEE, through curated learning material, live lectures and comprehensive...

Amazon refuses to appear before parliamentary committee

E-commerce giant Amazon has refused to appear before a joint parliamentary committee (JPC) that is looking into the Personal Data Protection Bill, 2019. Amazon’s refusal amounts to “breach of privilege of parliament”. Media reports claimed that the e-commerce giant has said that its subject matter experts are all overseas and would not be able to...

Man orders Communist Manifesto from Amazon, gets Bhagvad Gita instead!

A Kolkata man has put up a post on facebook stating how he got a copy of “The Bhagavad Gita” from Amazon instead of “The Communist Manifesto” in what could be a mix up of delivery orders. In the post, Sutirtho Das shared a few pictures of his delivery and said he was stunned when...

Amazon in talks to buy stake worth $2 bn in Bharti Airtel: Media agency

Amazon.com is in talks to buy stake worth at least $2 billion in Bharti Airtel, news agency Reuters quoted a source as saying. If the deal comes through, the US company will acquire roughly 5% stake based on the current market value of Bharti, the agency said. The company is the third-largest telecom company in...

MHA again bans supply of non-essential goods by e-commerce companies

Days after permitting the online sale of goods like mobile phones, refrigerators, clothes, television sets and laptops, the Ministry of Home Affairs on Sunday again banned the supply of non-essential goods by e-commerce companies during the lockdown period. Last week the government had included the sale of some non-essential goods, through e-commerce platforms, on a...