Future matter: Amazon India chief seeks more time from ED

Amazon India chief Amit Agarwal did not appear before the Enforcement Directorate (ED) on Tuesday, seeking exemption from appearance as he is currently in the United States (US). He is understood to have sought more time from the federal agency. Aggarwal was summoned by the ED in connection with Amazon’s disputed deal with Kishore Biyani-led … Read more

ED summons officials of Amazon India, Future Group

The Enforcement Directorate (ED) has summoned the Indian management of Amazon along with its country chief Amit Agarwal to its headquarters in Delhi next week in connection with its disputed deal with Kishore Biyani-led Future Coupons Pvt Ltd (FCPL). The ED has also issued summons to the promoters and officials of Future Group to cross-verify … Read more

Amazon-Future Tussle: CCI says it will pass an order in due course

The Competition Commission of India said it would pass its order in a dispute between Amazon and Future Coupons (FCPL) in an “reasonable time”, even though the US company declined to give its written response or make oral submissions. Amazon told the CCI that it had challenged the Delhi High Court order in the Supreme … Read more

Amazon, Asian Paints, Tata T rank top in Kantar’s objective brand rankings

According to the latest BrandZ India report by Insights and consulting firm Kantar, Amazon and Tata Tea have emerged as the most objective leaders in India in technology, non-FMCG and FMCG categories respectively. In the technology category, Amazon is followed by YouTube, and Google and Swiggy are jointly ranked fourth, followed by Flipkart. The non-FMCG … Read more

EU countries agree on common stance on new rules for US tech giants

European Union countries agreed on Thursday a normalcy on new rules to curb the power of US tech giants and force them to do more to police their platforms for illegal content. However, he will have to share the final details with EU lawmakers, who have proposed stricter rules and higher fines. Frustrated by the … Read more

Responsibility for content on social media platforms, websites should be clearly defined: Ashwini Vaishnav

IT Minister Ashwini Vaishnav on Thursday said responsibility for the content posted on social media platforms and websites should be “clearly defined”. The Minister further said that the changes in technology and the Internet in the last few decades require a fundamental rethinking in the governance framework of the Internet. “the way content is created, … Read more

India, US sign agreement on 2% equalization levy

New Delhi: India and the United States have reached an agreement to settle differences related to the 2% equalization levy imposed by New Delhi on e-commerce operators. The agreement is roughly on the lines of the unilateral measures agreement signed between the UK, Austria, France, Italy and Spain with the US on October 21 this … Read more

EU lawmakers pass tough new rules affecting Big US tech

Major EU legislation on Tuesday passed the first and significant hurdle to impose unprecedented restrictions on how the US tech giant does business. A major committee of the European Parliament overwhelmingly approved its version of the Digital Markets Act, legislation that would impose far-reaching rules on Facebook, Google, Amazon, Apple and Microsoft. Once passed, the … Read more

American unions Hollywood studio MGM . Called for a ban on Amazon purchases of

A consortium of American unions called on Monday to block Amazon’s purchase of famed Hollywood studio MGM, citing concerns about the tech giant’s growing power over the subscription video streaming sector. The Strategic Organizing Center, a union of four major labor unions representing four million workers, said “Amazon’s impact on the health and diversity of … Read more

Amazon wanted Future to withdraw complaints made to the Competition Commission

Amazon last month asked Future Group to withdraw its application, accusing the US company of violating Foreign Investment and Foreign Exchange Management Act (FEMA) rules by misrepresenting facts to the Competition Commission of India , said people familiar with the matter. The withdrawal was a prelude to a possible out-of-court settlement of a dispute arising … Read more