Amazon Infuses Rs 225 cr Into India Payments Unit

New Delhi: Amazon has infused over Rs 225 crore into its payments unit in India, Amazon Pay, according to regulatory documents. The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay, and Paytm. The board has approved ''allotment of 22,50,00000 equity shares…...

Amazon to make Fire TV stick, other devices in India

New Delhi: After a virtual conversation with Amit Agarwal, Global Senior Vice President of Amazon and Country Head for India and Chetan Krishnaswamy, Vice President, Public Policy of Amazon India on Wednesday, the Union Minister for Electronics and IT, Ravi Shankar Prasad took to Twitter and the homegrown social media...

Amazon sued for fixing e-book prices in US

San Francisco: According to a report in The Wall Street Journal, the lawsuit filed in a federal district court in New York alleged that Amazon struck a deal with five major book publishers that led to higher e-book prices for all consumers. It prevented "rival retailers from selling any of...

Amazon Web Services to invest Rs 20,761 cr in Hyderabad

Hyderabad: Amazon Web Services (AWS) will invest Rs 20,761 crore to set up multiple data centres in Hyderabad, the Telangana government announced on Friday. Telangana's Minister for Information Technology and Industry K.T. Rama Rao said this would be the largest foreign direct investment in the history of Telangana. AWS will...