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Amazon lays off 500 employees in India across functionsThe Seattle-based technology giant is letting go of at least 500 employees in India, and the process is ongoing, they said.- Amazon seller Appario Retail’s revenue rises 9% to Rs 15,000 crore, profit surges 53%The seller firm, which falls under the Amazon-Patni JV, will be shut within a year. Appario Retail also reported that profit shot up 53% to...
- Amazon India’s erstwhile biggest seller Cloudtail revenue jumped 15% before shutdownCloudtail’s biggest expenditure was related to purchase of inventory, which rose around 6% to Rs 15,492 crore.
- ‘Mini Cloudtails’ mushroom on Amazon after largest seller shuts downThese new entities are run by former executives of Cloudtail, as well as of Appario Retail, another company which is still a seller on the ...
- Rupa & Co scions take over Cloudtail’s home, kitchen and sports businessRetailEZ is among many new sellers that are taking over Cloudtail’s business following Amazon’s acquisition of the latter’s parent company ...
- FMCG sales fall on Amazon after Cloudtail transitionFinance teams at leading fast-moving consumer goods brands say the new entities lack the required heft in dealing with high-volume transact...
- Amazon India CFO Raghava Rao gets additional charge of emerging marketsRaghavaRao’s elevation comes soon after India country head Amit Agarwal was given additional charge of emerging markets.
- India remains trigger-happy on internet shutdownsBy the end of the year, India was responsible for at least 106 such incidents, making it the worst offender on internet shutdowns for the f...
- Amazon to absorb all Cloudtail, Prione employees, JV CEO tells employeesCloudtail, set up in 2014 as a joint venture between Amazon and Infosys founder NR Narayana Murthy’s Catamaran Ventures, is one of the larg...
- Pushback on crypto ‘shadow ban’; Amazon to absorb Cloudtail, Prione employeesNow, many top banks which have blocked UPI for trading crypto based on “verbal instructions” from NPCI, want it to spell out the rules in w...
- Cloudtail starts shipping business inventory to other sellers as closure nearsVendors who supply to Cloudtail across categories like electronics, health and personal care, and smartphones are being sent new contracts ...
- Amazon set to wheel away Cloudtail basketThe contract between Amazon and Catamaran Ventures – NR Narayana Murthy's investment office –- is slated to expire on May 19, but Amazon is...
- Countdown to ET Startup Awards; risk of cyberattacks spikesThe country’s most coveted prize for entrepreneurial excellence will be presented to the winners at an in-person event after a hiatus of ne...
- CCI clears Amazon’s Cloudtail takeover; Tiger, A91 tuck into Box8In late December we reported that Amazon was seeking regulatory approval to acquire Catamaran Ventures' entire stake in Prione Business Ser...
- Amazon seeks CCI's nod to buy Catamaran's stake in CloudtailWhile Cloudtail will operate as per current strictures until May, if CCI’s clearance comes before that, the companies will move ahead to co...
- UK Chancellor Rishi Sunak drawn into in-law Narayana Murthy Amazon tax disputeAmazon reportedly developed independent sellers such as Cloudtail, as 'special merchant' which enjoyed over 35 per cent of total sales on t...
- Scouting for allies before debut, Amazon pledged minimum returnsIn 2010, three years before Amazon made its India e-commerce marketplace debut, the US giant circulated an investment proposal, code-named ...
- Top Amazon vendor Cloudtail delays payments to suppliersCloudtail said it’s working with stakeholders to ensure that the disruption is minimised. “We are actively working with vendors, employees,...
- Taking the fight to Swiggy & Zomato, Amazon joins food delivery business in Bengaluru
- Accenture to acquire Germany-based Prion GroupAccenture today said it will acquire Germany-based Prion Group, a move that will help enhance its product lifecycle management.
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