Industy Updates

Prime Day 2019 sale will bring new products, more deals, and more entertainment. Amazon's Prime Day sale is all set to begin from July 15 in India. Amazon's biggest sale event of the year will run for 48 hours this year, promising a large number of great deals, new product launches, and more. Amazon's Prime Day sale is an exclusive sale event open to Prime subscribers. While we're almost two weeks away from this year's Prime Day sale, Amazon has already kicked off the event with new releases on Prime Video in India. Amazon Prime Day 2019 sale in India - Everything you can expect: Deals and offers during Prime Day 2019 Just like the previous Prime Day sale, Amazon is promising a much bigger sale event this year with over 1,000 new product launches, exciting deals and offers across all major product categories, and more. This year, Prime Day will begin on July 15 and will continue throughout July 16. As for deals and offers, Prime Day 2019 sale...

As the Cloud continues to drive down the cost of storage and computing, a new generation of applications has emerged, creating a new set of requirements for databases, said Amazon CTO Werner Vogels Retail giant  Amazon   that rode on its growing Cloud business to log $72.4 billion sales in the December quarter, strongly believes that traditional databases that companies like Oracle provide are gone and customers are now seeking data compute and storage solutions to solve specific problem sets. According to Amazon's Chief Technology Officer (CTO)  Werner Vogels , as the Cloud continues to drive down the cost of storage and computing, a new generation of applications has emerged, creating a new set of requirements for databases.  "Unlike traditional databases which claim to solve every possible scenario, we believe in giving more choices to the customers who are constantly looking for databases that can solve a particular problem set for them," Vogels told ...

Amazon has been forced to remove an array of products from its website in India to comply with new regulations. The rules prevent online retailers from selling products through vendors in which they hold an equity stake. The regulations are expected to have a far-reaching impact on India's e-commerce sector, which has drawn billions in foreign investment. Amazon and Flipkart lobbied against the laws which aim to protect small businesses. The changes to foreign direct investment rules, which come into force 1 February, also stop online retailers from making deals to sell exclusively on their platforms. Amazon sparks fears with sales forecast Walmart wins the battle for Flipkart Amazon launches Hindi version of the website Small retailers in India have long pushed for tougher competition rules, arguing the major players have an unfair advantage. But Amazon and Walmart, which owns a majority stake in locally-grown platform Flipkart, both lobbied against the new ...

Snapdeal, ShopClues, others write to DIPP, commerce ministry forming anti-Flipkart, Amazon alliance. Domestic E -commerce  companies  Snapdeal  and  ShopClues , social commerce startups including  Shop101 , and a bunch of online-only brands have come together to oppose any extension of a February 1 deadline for online marketplaces to comply with FDI rules. This is the first time smaller online retailers have voiced their concerns to the government after last month’s review of norms on issues such as inventory and price control and equity ownership in vendors, which have hit their biggest rivals – Amazon and Flipkart – the most. Many of these companies have written to the Department of Industrial Policy and Promotion and commerce minister Suresh Prabhu, lauding the government for clarifying the rules on foreign direct investment in the e-commerce sector. The government’s Press Note 2 issued in December bars online marketplaces and their group companies f...