
Amazon to invest ₹1.05 lakh crore in India's cloud infrastructure
AWS says investment in data centre infrastructure in India will support about 1.31 lakh full-time equivalent jobs each year
AWS says investment in data centre infrastructure in India will support about 1.31 lakh full-time equivalent jobs each year
ONDC was launched in line with the government's start-up India initiative on December 30, 2021, to curb the presence of digital monopolies in the domestic ecommerce market.
A week earlier, the government had summoned the ecommerce giant, which has as many as one lakh employees in India, for discussion regarding layoffs and subsequent layoffs.
In a letter sent to restaurant partners, the e-commerce firm said that the food delivery services will discontinue from December 29, as part of the company’s annual operating planning review process.
The development comes at the heels of mass layoffs announced by the ecommerce giant last week. The company has 1,00,000 employees in India.
Amazon CEO says there will be more job cuts.
Manish Tiwary believes e-commerce is barely 3%-4% of organised retail and a lot needs to be done to grow the market.
Redseer has projected a GMV of $5.9 billion for this year's festive sale.
"Because of FDI rules we are not supposed to have our own brands, they are either licensed or we are developing them together and are sold by a third-party seller," says Manish Tiwary.
Future Retail says Reliance Group has unilaterally terminated leases and forcefully taken over control of hundreds of its stores.