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Tag: Amazon India

  • E-tailers clock $4.6 billion within the first week of festive gross sales

    BENGALURU :

    E-commerce corporations together with Amazon India and Walmart-owned Flipkart clocked gross merchandise worth (GMV) of $4.6 billion (roughly ₹32,000 crore) within the first week of festive on-line gross sales this 12 months, with Flipkart group alone accounting for roughly 64% of the overall GMV, in accordance with estimates by administration consultancy RedSeer Consulting.

    Amazon India accounted for 28% of the overall GMV clocked by e-commerce platforms throughout the first week of festive gross sales.

    The mixed GMV this 12 months was 23% greater than final 12 months when e-commerce gross sales for the primary week averaged round roughly $3.7 billion. Further, development marked by e-commerce gross sales this 12 months comes regardless of offline institutions persevering with to be open throughout the festive season.

    The development of e-commerce gross sales this 12 months comes on the again of latest buyers shifting to the web mode of purchases. The total on-line shopper base grew by 20% over final 12 months, with tier-II cities and cities accounting for greater than 61% of the folks making purchases throughout the festive e-commerce gross sales.

    Close to 40 million of the overall of 62 million individuals who have shopped from on-line platforms this 12 months have been from tier-II cities and past, RedSeer stated.

    Amazon and Flipkart kick-started their flagship festive season gross sales on 2 October, together with early entry for premium members.

    In phrases of class combine, smartphones continued to drive roughly 46% of total GMV clocked by e-commerce platforms. Fashion made a comeback this festive season, contributing 17% of total gross sales, as people stepped out of their houses, RedSeer’s estimates confirmed.

    RedSeer states that throughout the first week of e-commerce gross sales this 12 months, mobiles price about ₹68 crore have been bought each hour.

    “Fashion additionally noticed demand as prospects wished to refresh their wardrobe, and the attain expanded as newer reasonably priced platforms reached tier-II prospects. However, the demand for different classes akin to dwelling furnishings, dwelling décor and furnishings have been subdued throughout the festive season this 12 months,” RedSeer stated.

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  • Amazon India reveals best-selling smartphones, Smart TVs throughout Prime Day sale

    Amazon carried out the Prime Day sale on 26 July and 27 July. The two day sale was unique for Prime members. The e-commerce big revealed the best-selling merchandise and the manufacturers that have been fashionable amongst new consumers.

    In the tech phase, Amazon India claims that consumers have been involved in merchandise just like the OnePlus Nord 2 5G, Samsung Galaxy (M31s), boAt Airdopes earbuds and Mi 3i 20000 mAh energy financial institution.

    Amazon claimed that greater than 70% of latest Prime members store from exterior of the highest 10 cities together with cities like Ananthnag (Jammu & Kashmir), Bokaro (Jharkhand), Tawang (Arunachal Pradesh), Mokokchung (Nagaland), Hoshiapur (Punjab), Nilgiris (Tamil Nadu), Gadag (Karnataka) and Kasargod (Kerala).

    Additionally, Prime Day 2021 sale marked essentially the most Small Medium Businesses (SMBs) promoting on Amazon.in ever. The e-commerce firm claimed that prospects from over 96% pincodes of India positioned orders on the platform.

    During the sale, the top-selling merchandise in smartphones have been OnePlus Nord 2 5G, One Plus Nord CE 5g, Redmi Note 10 sequence, Redmi 9, Samsung Galaxy M31s, Samsung Galaxy M21 and realme c11.

    In phrases of gross sales of TVs, the e-commerce platform claims that the best-selling manufacturers have been Mi, Redmi and Sony.

    The firm claimed that Amazon Fire TV Stick was the very best promoting product on Prime Day, and Echo Dot was amongst high 10.

    Amazon revealed that non-public computing, magnificence, attire, dwelling & kitchen, smartphones and pantry classes have been amongst people who noticed essentially the most success by way of models offered.

    Work/Study from dwelling buy developments continued with members buying laptops, Printers, Monitors, TVs, Wearables and storage.

    Top manufacturers have been HP, Lenovo, Dell, Asus, Apple in laptops; Samsung, Lenovo in tablets; Epson, HP, Canon, Brother in printers; LG, BenQ in screens; boAt, Zebronics in audio; Mi, FCUK, Amazfit in Wearables; Sony, Canon in Cameras, SanDisk, Seagate, WD in information Storage and TP Link in Networking.

    In the Large home equipment phase the top-selling manufacturers have been LG, Samsung in washing machines; Whirlpool, Samsung in fridges; Samsung in microwave in kitchen and residential home equipment.

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  • Amazon India is buying: Inox, others on wishlist

    IN A transfer aimed toward diversifying its leisure enterprise, Amazon India is learnt to be in discussions with a number of gamers within the movie and media distribution section, together with Mumbai-based film theatre chain Inox Leisure Ltd, for doubtlessly choosing up stakes in them, sources advised The Indian Express.
    With its over-the-top (OTT) content material enterprise not rising as quick as the corporate anticipated — Amazon India launched its OTT platform Prime Video in 2016 — and with film theatre chains impacted by lockdowns during the last year-and-a-half, Amazon India is claimed to be taking a look at buying curiosity in a few of these companies. Inox, a supply mentioned, is a probable candidate.
    “After the initial growth of the first six months last year, the OTT content business has not grown as fast as the company expected. There are three to four deals in this space being evaluated currently, including some distressed assets. Amazon India is in advanced talks with some of them,” a supply near the event mentioned.
    To a selected question on the problem, a spokesperson for Amazon India mentioned, “We do not comment on speculations about what we may or may not do in future”.
    Inox Leisure didn’t reply to a request for remark. On Monday, the film exhibition firm’s share on the BSE ended buying and selling at Rs 302.90, 1.87% greater than its earlier shut.
    Inox Leisure, one of many largest film theatre chains within the nation with 153 multiplexes and 648 screens, has been hit by the pandemic-induced lockdowns throughout the nation. For the 12 months ended March 2021, the corporate posted a web lack of Rs 257 crore, in opposition to a revenue of Rs 141 crore for 2019-20 (April-March). Around 40 per cent of Inox Leisure’s screens are current within the western a part of the nation, adopted by north, south and east. As of June 30, Inox Leisure’s promoters held 43.63% stake, whereas 56.23% is public-owned.
    The greatest participant within the house, PVR Ltd, reported a web lack of Rs 665.64 crore for 2020-21 as in opposition to a revenue of Rs 131.04 crore within the earlier 12 months. PVR has 176 cinemas and 842 screens throughout the nation.

    Shares of Inox Leisure had been at Rs 328.5 on January 28 and traded within the Rs 305-335 vary until March 18, after which it began declining and reached a low of Rs 251 on April 19 — when the second surge of Covid-19 peaked.
    Shares of PVR adopted nearly an analogous trajectory over the interval, buying and selling at ranges of Rs 1,450 on January 28, after which slipping to Rs 1,015.25 on April 19. As of Monday, PVR’s scrip ended buying and selling at Rs 1,329.90.

    In 2019-20, US-based Amazon is learnt to have invested $1.5 billion in its Indian enterprise, bulk of which was pumped into the e-commerce enterprise.
    Experts monitoring the sector identified {that a} main deal by Amazon within the leisure house may see the corporate rising its concentrate on this facet of its enterprise, away from e-commerce, the place the corporate is battling coverage modifications and huge gamers comparable to Walmart-backed Flipkart and Reliance Retail.
    Last 12 months, Amazon started discussions to accumulate ailing US-based theatre chain AMC, however the talks reportedly fell by way of. “In India, the film exhibition market is quite different from the US because the average revenue generated by movie theatres in the US per customer is much higher than in India,” a Gurgaon-based advisor mentioned.

  • Virgin Galactic’s Richard Branson set to win house race towards Jeff Bezos

    British businessman Richard Branson is seeking to go the place no billionaire has gone earlier than by blasting off in direction of the celebs on board a Virgin Galactic vessel afterward Sunday.
    The firm mentioned that the beginning time of the flight can be pushed again by 90 minutes to fifteen:30 CET amid dangerous climate at its New Mexico launchpad.
    But the 70-year-old entrepreneur behind Virgin Atlantic and Virgin Records nonetheless appears to be like set to beat Amazon founder Jeff Bezos within the final house race between a few of the world’s richest males.
    Bezos plans to journey on July 20 on his personal New Shepard ship constructed by his Blue Origin agency. The Amazon founder is ready to pilot the spacecraft himself.
    Tesla CEO Elon Musk additionally has ambitions to journey to outer house and finally Mars, though his timetable is much less clear. However, Musk’s SpaceX undertaking is anticipated to hold civilians into house as early as September this 12 months.
    What will Branson’s flight be like?
    Branson, who will probably be joined by two pilots and three different passengers, is anticipated to climb to 88 kilometers (55 miles) above Earth throughout a journey that can final roughly an hour.
    In a brief video launched on Twitter, he mentioned that his aim was “to turn the dream of space travel into a reality – for my grandchildren, for your grandchildren, for everyone.”
    For his first flight, he will probably be joined by two pilots, Dave Mackay and Michael Masucci, in addition to Beth Moses, Virgin Galactic’s chief astronaut teacher, lead operations engineer Colin Bennett, and Sirisha Bandla, a analysis operations and authorities affairs vp.
    Elon Musk, the founder Space X and Tesla, steered in a social media put up that he would attend the launch.
    “Will see you there to wish you the best,” he wrote on Twitter.
    Is Branson’s aircraft flying excessive sufficient?
    Ahead of the flight, Bezos’ Blue Origin firm pointedly famous that Branson will not be even set to cross what most international locations see because the border of outer house.
    But Bezos himself wished Branson “a successful and safe flight” on Instagram.
    Branson’s VSS Unity will climb to over 80 kilometers, which the US air power and NASA contemplate to be the boundary between the Earth’s ambiance and outer house. But the World Air Sports Federation, identified by its French acronym FAI, is the world governing physique for air sports activities and defines human spaceflight in another way.
    The Lausanne-based group defines outer house 100 kilometers above Earth’s imply sea degree, the so-called Karman Line, 12 kilometers larger than Branson goes to journey.
    Blue Origin CEO Bob Smith dismissed Virgin Galactic’s strategy as “a very different experience” as a result of “they’re not flying above the Kármán line.”

    How a lot cash is there in house tourism?
    That controversy has not dissuaded folks from snapping up tickets for the primary house tourism flights.
    Leonardo DiCaprio and Justin Bieber are among the many 600 prospects to have stumped up for the $250,000 (€210,000) seats.
    Branson based Virgin Galactic 17 years in the past, with it now trying to complete growth testing this 12 months so it could actually start flying house tourism passengers in early 2022.
    He, Musk and Bezos have pumped billions into their respective initiatives, however this might show to be a canny funding.
    Switzerland’s UBS predicts the worth of the house tourism market will hit $3 billion (€2.5 billion) yearly by 2030.

  • Amazon in talks to purchase MGM film studio: Report

    Amazon.com Inc is in talks to accumulate the long-lasting US film studio MGM, The Information reported on Monday, citing an individual conversant in the matter.
    The standing of Amazon’s discussions with MGM is unclear and it’s doable no deal might outcome, the report stated.
    The film studio behind the “James Bond” franchise, additionally owns the Epix cable channel and makes TV reveals, together with in style reveals like The Handmaid’s Tale, Fargo, Vikings and Shark Tank.

    Amazon declined to touch upon the report, saying it “doesn’t comment on rumors or speculation”.
    In December, Reuters reported that the film studio was exploring a sale and had tapped funding banks Morgan Stanley and LionTree LLC and began a proper sale course of.

  • Amazon India declares offers on OnePlus, Apple, Xiaomi, Samsung smartphones

    Amazon.in has introduced offers underneath Smartphone Upgrade Days which is able to present affords on smartphones and equipment. Customers can stand up to 40% off on smartphone manufacturers similar to OnePlus, Xiaomi, Samsung, Apple, Vivo and OPPO. The newest Redmi Note 10 collection, Vivo X60 collection, Samsung M12, OPPO F19 Pro+, Samsung M02, Samsung M02s, Mi 10i, shall be obtainable with financial institution affords as properly. The OnePlus 9 5G collection can even go on sale in the course of the occasion with financial institution affords. The sale shall be stay till 15 April.

    Customers can even avail 10% instantaneous low cost of as much as ₹1,500 utilizing IndusInd Bank Credit and Debit Cards or EMI funds. They can even avail trade affords and No-Cost EMI for as much as 12 months on smartphones.

    Prime Members can avail benefit No Cost EMI on HDFC Bank debit and bank cards which affords even greater EMI tenures and decrease funds per 30 days beginning ₹1,333 per 30 days.

    Here are a number of the newest smartphones and smartphone equipment on Amazon.in with affords and offers from sellers.

    OnePlus affords on smartphones: The Upgrade days will see reductions and EMI choices on OnePlus fashions. The much-awaited OnePlus 9 5G collection will go on sale in the course of the occasion with financial institution affords. OnePlus Nord is now obtainable for buy beginning ₹29,999.

    OnePlus smartphones will turn into extra reasonably priced with as much as ₹4000 off with financial institution affords and also will see as much as 9 Months no-cost EMI.

    Xiaomi smartphones: Redmi Note 10 collection, Redmi 9 Power and Mi 10i shall be obtainable with further financial institution affords. The newly launched Redmi Note 10 Pro Max, Redmi Note 10 Pro and Redmi Note 10 shall be obtainable on flash gross sales at 12 midday on choose days with affords. Xiaomi smartphones will see as much as 12 months no-cost EMI.

    Samsung smartphones and TVs: Along with 3 new launches – Samsung M12, Samsung M02 and Samsung M02s, clients can even take pleasure in affords on the whole Samsung M collection vary, together with as much as 25% off on smartphones, and as much as 6 months no-cost EMI. Samsung Galaxy M51 shall be obtainable with reductions as much as ₹7,250 and a further financial institution provide.

    Apple iPhones: Customers will see a worth drop on iPhone 12 Mini, which comes with A14 Bionic chipset. It shall be obtainable at an efficient worth of ₹61,100 with financial institution affords.

    Vivo smartphones: Up to 30% off on Vivo smartphones with a further low cost of as much as ₹3,000 off with financial institution affords and a further as much as ₹2,000 off with trade.

    OPPO smartphones: Up to 35% off on OPPO smartphones with as much as 12 months no-cost EMI.

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  • Reliance Retail extends deal deadline by 6 months to Sept 30: Future Group

    Reliance Retail Ventures, the retail arm of Reliance Industries, has prolonged the timeline for six months to finish its Rs 24,713 crore take care of Future Group to purchase its retail and wholesale enterprise.
    Reliance Retail Ventures Ltd (RRVL) has prolonged the timeline for the “Long Stop Date” from March 31, 2021 to September 30, 2021, stated a regulatory submitting by Future Retail.
    “Pursuant to the provisions of scheme and other transaction documents executed in relation thereto, RRVL has in exercise of the right provided thereunder, extended the timeline for ‘Long Stop Date’ from March 31, 2021 to September 30, 2021 which has been duly acknowledged by Reliance Retail and Fashion Lifestyle Limited, wholly-owned subsidiary of RRVL,” it stated.

    Long Stop, a longtime apply in mergers and acquisition transaction, is a timeframe by which events agree on which all of the situations precedent for a transaction should be fulfilled and the transaction accomplished.
    The deal, which is contested by Amazon, is dealing with authorized hurdles and a choice from the Supreme Court is pending over the petition filed by the e-commerce main.
    The Future-Reliance deal, which was introduced on August 29, 2020, has already acquired clearance from regulators akin to CCI, Sebi and bourses, and the scheme of association is now awaiting the nod from the NCLT and shareholders.
    Though the Supreme Court has granted a go-ahead to the National Company Law Tribunal (NCLT) for its proceedings however has requested it to not go any ultimate order sanctioning the scheme.
    The NCLT has reserved its order over the scheme of association by which all of the Future Group’s retail property can be consolidated beneath Future Enterprises Ltd after which can be transferred to RRVL by sale.

    Amazon and Future have been locked in a authorized tussle after the US firm dragged Future Group to arbitration in a Singapore tribunal.

  • Amazon India deploys Mahindra Electric’s electrical automobiles in its supply community

    Image Source : FILE PHOTO/ PTI Amazon India deploys Mahindra Electric’s electrical automobiles in its supply community
    Amazon India and Mahindra Electric on Tuesday introduced a partnership below which the e-commerce main has deployed the latter’s electrical automobiles in its supply community as a part of a dedication in direction of strengthening electrical mobility within the nation. Under the partnership, Amazon India has deployed near hundred Mahindra Treo Zor EVs in seven main cities, the businesses mentioned in a joint assertion.
    The cities the place the electrical three-wheeler, Mahindra Treo Zor have been deployed to date embrace Bengaluru, New Delhi, Hyderabad, Ahmedabad, Bhopal, Indore and Lucknow.
    These have been deployed with Amazon India’s community of supply service companions, it added.
    In 2020, Amazon India had introduced that its fleet of supply automobiles will embrace 10,000 electrical automobiles (EVs) by 2025 in India.
    These EVs are along with the worldwide dedication of 1,00,000 electrical automobiles within the supply fleet by 2030 introduced within the Climate Pledge signed by Amazon.
    “This partnership with Mahindra Electric is an important step towards India’s progress in the e-mobility industry to achieve its environmental sustainability goals,” Amazon India mentioned.
    Commenting on the partnership, Amazon APAC, MENA & LATAM, Vice President, Customer Fulfilment Operations Akhil Saxena mentioned, the corporate is dedicated to constructing a provide chain that may decrease the environmental influence of our operations.
    “The expansion of our Electric Vehicle fleet to 10,000 vehicles by 2025 is an integral milestone in our journey to become a sustainability leader in the industry,” he mentioned.

    Saxena additional mentioned, “we continue to work with several OEMs to build a fleet of ‘Made in India’ electric vehicles that ensure sustainable and safe deliveries of customer orders, and this partnership with Mahindra Electric is a testament of our commitment.”
    Mahindra Electric Mobility Ltd Managing Director and CEO Mahesh Babu mentioned, “We believe this will redefine India’s logistics and last-mile delivery needs and at the same time help Mahindra and Amazon to achieve our sustainability goals.”
    Treo Zor presents a novel buyer worth proposition with best-in-industry energy of 8 kW, and highest-in-class payload of 550 kg, he added.
    “We are happy that this made-in-India electric cargo will contribute towards Amazon’s delivery partner fleet transformation towards EVs in the country,” Babu added.
    The success of the Treo vary of three-wheelers has proved that electrical automobiles within the final mile phase is a win-win resolution for our prospects in addition to the bigger society, he mentioned.
    Mahindra Treo Zor was launched in October 2020 and is powered by a complicated Lithium-ion Battery.
    Amazon rival, Flipkart too has introduced transitioning fully to the utilization of electrical automobiles (EVs) by 2030 as a part of its sustainability efforts.
    In August final yr, the Walmart-owned firm had dedicated to a phased integration of electrical automobiles into your entire fleet (instantly owned or leased company fleets) by 2030.
    Flipkart has already deployed EVs in Delhi, Hyderabad, Jaipur, Bhubaneswar, Pune, Mumbai, Bengaluru, Kolkata and Lucknow.
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  • Amazon’s Make-in-India push, to start out manufacturing Fire TV stick, different units in India quickly

    Image Source : SCREEN GRAB @AMAZONIN Amazon to quickly begin manufacturing its electronics merchandise in India.
    E-commerce and know-how main Amazon will quickly begin manufacturing of its electronics merchandise together with the ‘Fire TV’ stick in India.

    After a digital dialog 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 platform Koo, to make the announcement.

    “Held a very good conversation with @AmitAgarwal and @Chetankrishna of @amazonIN today. Delighted to share that soon Amazon will commence manufacturing of electronics products like FireTV stick in India,” Prasad mentioned.

    Fire TV stick, extra Amazon digital merchandise to be Made in India quickly

    Further, Amazon additionally has introduced its plans to start manufacturing Amazon Devices in India. In a blogpost, the corporate mentioned that it’ll start its manufacturing efforts with contract producer Cloud Network Technology, a subsidiary of Foxconn in Chennai and begin manufacturing later this 12 months.

    As per the weblog, the machine manufacturing programme will be capable of produce lots of of 1000’s of Fire TV Stick units yearly. Amazon will constantly consider scaling capability to further marketplaces or cities relying on the home demand, it added.

    The minister throughout his conservation with the Amazon India executives additionally requested them to assist in taking merchandise made by India’s artisans and Ayurvedic merchandise to world markets by way of e-commerce.

    “@amazon is a global company but Amazon India must evolve as a truly Indian company deeply connected with Indian business community and culture,” Prasad tweeted.

    Another tweet by the minister additionally mentioned that the Ministry of IT is organising a number of digital villages and Amazon India can decide up a number of villages in India and develop them as totally digital villages. Amazon also needs to work with small native outlets and make them a stakeholder within the bigger efforts of Amazon to develop its enterprise, he added.

    Amazon to associate with Indian govt to advance Atmanirbhar Bharat imaginative and prescient

    Agarwal mentioned that Amazon is dedicated to associate with the Indian authorities to advance the imaginative and prescient of an ‘Atmanirbhar Bharat’.

    “Amazon is committed to partner with the Indian government to advance the vision of an Aatmanirbhar Bharat. We have pledged to invest US $1 billion to digitize 10 million small and medium businesses, help Indian businesses sell worldwide thereby enabling US $10B in cumulative exports, and create an additional 1MM jobs by 2025,” he mentioned.

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  • Amazon strikes Supreme Court in Future-Reliance deal dispute

    E-commerce main Amazon has moved the Supreme Court in a bid to dam Future group’s Rs 24,713-crore cope with Reliance, in accordance with sources.
    The growth comes after a current Delhi High Court’s ruling that stayed a earlier order on established order of the deal and ruling that statutory authorities can’t be restrained from appearing in accordance with legislation.
    Amazon has approached the Supreme court docket within the matter towards Future, sources near the event mentioned.
    Future and Amazon didn’t reply to e-mailed queries.
    The High Court order on Monday came visiting an pressing petition moved by FRL after a single-member bench directed sustaining status-quo over Future’s cope with Reliance.
    The scheme of association has already obtained approval from CCI and no objection from SEBI and bourses, following which it had approached NCLT Mumbai on January 26, 2021.
    Last month, Amazon had approached the Delhi High Court in search of enforcement of the interim order of the Emergency Arbitrator (EA) on the Singapore International Arbitration Centre (SIAC) that had restrained FRL from going forward with the cope with Reliance.
    Justice Midha had directed FRL and different events to take care of established order until pronouncement of the reserved order.
    Amazon and Future have been locked in a bitter authorized tussle after the US e-commerce big dragged Future Group to arbitration at SIAC, arguing that the latter had violated their contract by coming into into the cope with rival Reliance.
    Amazon had invested in Future Coupons in August 2019, with an possibility of shopping for into the flagship Future Retail after a interval of three to 10 years.
    In August final 12 months, Future group had entered right into a cope with billionaire Mukesh Ambani’s RIL to promote its retail, wholesale, logistics and warehousing items in a Rs 24,713-crore deal.
    On October 25, 2020, an interim award was handed in favour of Amazon with a single-judge bench of V Ok Rajah barring Future Retail from taking any step to eliminate or encumber its property or issuing any securities to safe any funding from a restricted celebration.