Skip to content
Search AI Powered

Latest Stories

Jeff Bezos pens open letter as Amazon celebrates 5th anniversary in India

Amazon India celebrated its fifth anniversary on Tuesday (5), and to mark the occasion its founder and CEO Jeff Bezos penned an open letter to customers saying he was humbled by the opportunities ahead. Bezos also said he was looking to deliver on the bold promise of Amazon being "India ki Apni Dukaan."

Bezos, in the letter, also said that Amazon now has customers in 100 per cent serviceable pin-codes in the country. He also said that Amazon has become a part of India's culture and that the company has adapted all its services to suit the needs of Indian customers.


Bezos said: "Our Kindle Book Store now offers eBooks in five Indian languages, including Hindi, Tamil, Gujarati, Marati and Malayalam. And we are working with top Indian talent on a dozen new Prime Original series, including Breathe, which has become popular not just in India but across the globe."

Hundreds of thousands of Indian businesses now sell on Amazon.in, said Bezos, praising programmes such as Chai Cart, Tatkal and Saheli for helping small businesses and local artisans across India to start selling online.

Amazon has been investing significant amount of money in India, thanks to upbeat response from both customers and sellers, its chief financial officer Brian Olsavsky said last year.

“It’s still very early (in India). We continue to say that, but we are very encouraged with what we’ve created with customers and sellers alike in India over the last few years.... We will continue to build our business there and continue to do a great job for both customers and sellers. We’re bullish on India longer-term and it’s early,” said Olsavsky.

More For You

FCA warns against regulatory 'race to bottom' in growth push
Nikhil Rathi
TOLGA AKMEN

FCA warns against regulatory 'race to bottom' in growth push

FINANCIAL REGULATOR has cautioned against compromising regulatory standards while attempting to boost economic growth, revealing the delicate balancing act facing Britain's financial oversight.

In a frank discussion with MPs, the Financial Conduct Authority (FCA) leadership highlighted the challenges of their expanded mandate to promote business competitiveness alongside consumer protection, reported the Times.

Keep ReadingShow less
Sanjay Bhandari's extradition appeal opens in London
Sanjay Bhandari

Sanjay Bhandari's extradition appeal opens in London

SANJAY BHANDARI, a consultant in the defence sector wanted in India on alleged tax evasion and money-laundering charges, began an appeal in the High Court in London against his extradition order.

The 62-year-old businessman had won permission to appeal against a November 2022 Westminster Magistrates’ Court ruling clearing his extradition earlier this year.

Keep ReadingShow less
Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)
Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)

Murdoch's bid to secure eldest son's control of media empire fails

RUPERT MURDOCH’s attempt to secure control of his media empire for his eldest son, Lachlan, has reportedly failed, according to a US news report on Monday.

The Murdoch family, which oversees influential outlets like Fox News, The Wall Street Journal, and various British and Australian media organisations, has often been compared to the fictional dynasty in the TV series Succession. Like the show, real-life disputes within the Murdoch family have centred on control of the business after Rupert Murdoch’s death.

Keep ReadingShow less
Kamlesh Pattni faces UK sanctions for illicit gold trade
Pattni stands accused of central involvement in the infamous Goldenberg scandal. (Representational image: iStock)

Kamlesh Pattni faces UK sanctions for illicit gold trade

THE UK and US have imposed financial sanctions on Kamlesh Pattni, a British-Kenyan businessman with a controversial financial history. The punitive measures target Pattni and four of his close family members, including his wife and brother-in-law, reported the BBC.

The sanctions, announced by the UK Foreign, Commonwealth and Development Office, will result in the immediate freezing of assets, representing a significant intervention in what officials describe as a complex network of illicit gold trading spanning multiple African nations.

Keep ReadingShow less
Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi on December 4, 2024. (Photo: Getty Images)
Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi on December 4, 2024. (Photo: Getty Images)

India appoints Sanjay Malhotra as new central bank governor

INDIA has appointed Sanjay Malhotra, a senior finance ministry bureaucrat, as the new governor of its central bank, the Reserve Bank of India (RBI).

The announcement was made on Monday, a day before the term of outgoing governor Shaktikanta Das was set to expire.

Keep ReadingShow less