By Administrator_India Capital Sands Last week’s decision by the Competition Commission of India (CCI) to hold in abeyance its approval of Amazon’s 2019 deal with Future Group and slap it with fines of over ₹200 crore appears to have deprived the American company of a locus standi in its legal battle to stop Future from selling […]
By Administrator_ India Capital Sands News of Amazon.com Inc.’s department store plans sent a shudder through retail stocks just as some of the biggest names in the industry were reporting robust earnings, a signal that new challenges await in the beleaguered sector. Amazon will open several physical locations that will compete with department stores, the Wall Street […]
By Administrator_ India Capital Sands Multiple users experienced a brief outage at Amazon.com Inc’s platforms including Alexa and Prime Video late Wednesday before services were restored, according to outage monitoring website Downdetector. More than 6,200 user reports had indicated issues with Amazon’s online store site, as of 0148 GMT, while about 1,700 users reported problems […]
By Administrator_ India Capital Sands Tech and e-commerce colossus Amazon on Thursday reported that its profit in the recently ended quarter tripled as online sales boomed. Total revenue soared to $108.5 billion, an increase of 44 percent from the same period a year earlier, as the pandemic revved a trend of shopping online instead of […]
