Flipkart’s FEMA Trouble Resurfaces — Is a Secret Settlement on the Table?
Flipkart is once again in the spotlight, and this time, it’s not for a mega sale. The e-commerce giant is reportedly facing heat from the Enforcement Directorate (ED) over alleged violations of India’s Foreign Exchange Management Act (FEMA).
But here’s the twist — sources suggest the ED may have quietly offered…
Amazon India has just made a huge announcement that’s set to shake up the e-commerce game for small and medium-sized businesses across the country. In a bold move to support local sellers, the giant retailer has decided to eliminate its referral fee on products priced below Rs 300. This means that millions of sellers will no longer have to pay a commission to Amazon when selling low-priced…
Amazon’s Bold Move into the Quick Commerce Market
Amazon India is gearing up to enter the rapidly growing quick commerce industry with a new delivery service, codenamed Tez. This service is expected to rival established players like Zepto, Blinkit, Swiggy Instamart, and Flipkart Minutes, marking a significant shift for the e-commerce giant.
According to a recent report from Reuters, Amazon plans…
Amazon India is preparing to launch its highly anticipated quick commerce service, codenamed Tez, which will focus on fast deliveries of groceries and daily essentials. The company plans to roll out the service by late December or early next year, marking Amazon’s first-ever entry into the quick commerce space globally.
This move comes at a time when quick commerce, the fast-growing segment of…
Amazon India has announced a partnership with Startup India, facilitated by the Department for Promotion of Industry and Internal Trade (DPIIT), aimed at accelerating the growth of startups through e-commerce initiatives. This collaboration will feature a dedicated page on the Startup India portal, enabling eligible startups to leverage e-commerce opportunities by registering on Amazon India’s…
In an exciting development for online shoppers, Amazon India has introduced Rufus, a generative AI-powered conversational shopping assistant, just in time for the upcoming festive sale event. This innovative feature aims to enhance the shopping experience by facilitating natural language interactions within the Amazon app.
Enhancing the Shopping Experience with Rufus
Rufus enables customers to ask…
In a significant leadership change, Samir Kumar has been named the new country manager for Amazon India, following the decision of the current manager, Manish Tiwary, to pursue opportunities outside the company. This transition will officially take place on October 1, 2024.
A Veteran at Amazon
Samir Kumar has been with Amazon since 1999 and played a pivotal role in launching Amazon.in in 2013. His…
Amazon is gearing up to introduce its quick commerce service in India, with a planned launch expected in the first quarter of the upcoming year, according to sources familiar with the development. This move marks a significant expansion in Amazon’s services in the Indian market, where competition in the quick commerce sector is intensifying.
Amazon’s Quick Commerce Ambitions
Amazon’s foray…
In a significant move to bolster disaster response across India, Amazon India has established four strategic hubs to deliver emergency relief materials within 24 hours. These facilities, positioned in Thane (Maharashtra), Faridabad (Haryana), Hyderabad (Telangana), and Purba Bardhaman (West Bengal), are set to enhance the company’s ability to provide rapid support during natural calamities.
The…
Manish Tiwary, the head of Amazon India’s operations, has announced his resignation to explore new opportunities, concluding an eight-year tenure with the e-commerce giant. Tiwary, who joined Amazon India from Unilever in 2016, has served as vice president before becoming country manager in 2020. In his role, he led the consumer and seller services vertical for four years.
Tiwary will remain…
