Mention country of origin tag by August 10 or face action: Amazon India tells its sellers
The trade ministry has called for e-commerce sites to name the country of origin beside product listings as Prime Minister Narendra Modi pushes for a self-reliant nation. The govt last month banned 59 Chinese-origin apps and held up Chinese-made goods at ports after a violent border clash between India and China.
Amazon India scraps single-use plastic in packaging across centers
The Indian unit of Amazon.com Inc has eliminated all single-use plastic in...
Amazon makes sweeping changes in India operations for first Prime Day of pandemic
This year’s Amazon event will be devoid of the usual Bollyw...
Big U.S. companies form group to boost hiring of minorities in New York
Leaders from major U.S. companies, including banks and tech giants, have formed a group aimed at increasing the hiring of individuals from minority communities in New York.
‘Too big to fail’ is the new mantra for bulls in stock market
Psychology in the economy has rarely been fastened as tightly to equity gains as it is now. One example: consumer confidence is correlated to the S&P 500 more than any time in the past three decades.
Amazon, Google face tough rules in India’s ecommerce draft
E-commerce companies will be required to make data available to the government within 72 hours.
eBay CEO’s early wins have yet to erase Wall Street’s doubts
A first step that impressed some eBay investors was the sale of the classifieds business to Norwegian digital marketplace Adevinta in a cash and stock deal valued at $9.2 billion.
Bezos, Zuckerberg and Musk have made $115 billion this year
The mind-boggling accumulation of money underway in technology is unrivaled in speed and scale. No other group of executives has prospered to such a degree. Indeed, the world’s richest people are growing even richer, even faster, as the coronavirus pandemic upends the global economy and drives ever more activity online.
Ex-Microsoft executive Mukund Mohan arrested in US, charged with $5 mn loan fraud
Mukund Mohan allegedly applied for eight loans to six companies through the Paycheck Protection Program, a federal stimulus designed to encourage small businesses to keep workers employed during the coronavirus pandemic.
Amazon to offer permanent roles to 70% of 175,000 new U.S. hires
The world's largest online retailer will begin telling 125,000 warehouse employees in June that they can keep their roles longer-term. The remaining 50,000 workers it has brought on will stay on seasonal contracts that last up to 11 months, a company spokeswoman said. The decision is a sign that Amazon's sales have increased sufficiently.
TikTok’s huge data harvesting prompts security concerns
TikTok starts collecting data the minute you download the app. It tracks the websites you’re browsing and how you type, down to keystroke rhythms and patterns, according to the company’s privacy policies and terms of service. The app warns users it has full access to photos, videos and contact information of friends stored in the device’s address book, unless you revoke those permissions.
Mukesh Ambani nears deal to buy stake in Amazon’s India partner
Reliance is closing in on a deal that would see it acquire stakes in some units of Future Group.
TikTok’s India rival booms with 500,000 users added every hour
TikTok has faced censure from courts, women’s groups, users and governments for content seen as sexually explicit or for the depiction of events like acid attacks on women. Roposo and other Indian TikTok imitators, on the other hand, market their content as fun that’s more in line with India’s relatively conservative culture.
After a $20 billion Jio frenzy, India's richest man is now seeking money for retail
Asia’s richest man and the chairman of RIL told shareholders Wednesday that Reliance Retail Ltd. is getting inquiries from investors and may start bringing some on board in the coming months.
Amazon says Jeff Bezos is willing to testify before Congress
Amazon did not immediately respond to Reuters request for comment.