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CCI probe finds Amazon, Walmart’s Flipkart breached antitrust laws

by AIP Online Bureau | Sep 12, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

The investigation’s findings are the latest setback for Amazon and Flipkart in a country where they continue to face criticism for their business practices from smaller retailers, who say their businesses have suffered in recent years due to deep discounts...
Amazon India sets up 4 hubs to deliver urgent relief material

Amazon India sets up 4 hubs to deliver urgent relief material

by AIP Online Bureau | Aug 10, 2024 | Data, Disaster & Management, Technology

“Our disaster relief efforts are guided by our extensive logistic network, warehousing expertise and our collaborative approach to work closely with non-profit partners, dedicated relief workers, and selfless volunteers on ground,” said Anita Kumar, Head...
Ambani’s financial services App to take on Google and Amazon

Ambani’s financial services App to take on Google and Amazon

by AIP Online Bureau | May 31, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Technology

The company announced the test version of its platform, named JioFinance, for UPI transactions, bill settlements as well as insurance related services Mumbai: Billionaire Mukesh Ambani’s Jio Financial Services has introduced a new super-app for digital banking...

Zoox, Amazon’s self-driving robotaxi unit, being probed by US after rear-end collisions

by AIP Online Bureau | May 13, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

Both crashes happened during the daytime hours and the motorcyclists suffered minor injuries. In both cases, the agency confirmed that each of the Amazon vehicles was operating in autonomous mode leading up to the crashes Detroit: Zoox, Amazon’s self-driving...

Brazil subsidised rural insurance for Amazon deforested land

by AIP Online Bureau | Feb 10, 2024 | Eco/Invest/Demography, International News, Non-Life

Among the companies cited by Repórter Brasil was a unit of Japan’s Tokio Marine Holdings Inc. In 2020, it provided policies to landowners in Mato Grosso, Brazil’s largest crop-producing state. About 70% of the property covered by the insurance was embargoed due to...
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