Amazon Stock News

New Delhi, Nov 28 (IANS) The Enforcement Directorate (ED) has issued summons to Amazon Indias management and Future Group promoter for questioning in a Foreign Exchange Management Act case. Amazon Indias top management including its head Amit Agarwal was summoned by ED for next week, said source. The official said that they have been asked [] The post ED summons Amazon India head, Future Group promoters for FEMA violations appeared first on Buziness Bytes .

The project will create thousands of jobs, boosting Abu Dhabi''s logistics sector and retail ecosystem.Center will be built in accordance with Amazon''s carbon-reduction strategies

The executives, including Amazon India head Amit Agarwal, have been summoned along with documents under the provisions of the Foreign Exchange Management Act (FEMA).

The Enforcement Directorate (ED) has summoned Amazon India head, Amit Agarwal, next week over alleged irregularities in a deal with Future Group, CNN-News18 reported on

Amazon India head Amit Agarwal, some other senior officials of the company and those of the Future Group have been called.

The approval for the deal was a nullity in the eyes of law as an arbitrator''s order was still in force, according to the letter sent by Amazon.com Inc to the Competition Commission of India (CCI) last week

The agency is examining whether Amazon bypassed the rules when it invested Rs 1,430 crore to purchase a 49% stake in the Future Group in 2019.

Platforms like Spotify, Hungama, Gaana, JioSaavn, Wynk and Amazon music now feature the programme in addition to TV, radio, NaMo App and YouTube.

According to the sources, the federal agency has also summoned Future Group officials for the verification of documents and the evidence it has collected so far.

New Delhi, November 28 Prime Minister Narendra Modi''s monthly ''Mann ki Baat'' broadcast is now available on all major audio and music platforms which will help augment its reach, especially among the younger generation, officials said on Sunday. Platforms like Spotify, Hungama, Gaana, JioSaavn, Wynk and Amazon music now feature the programme in addition to TV, radio, NaMo App and YouTube, they noted. This will help people seamlessly listen to the Mann Ki Baat progamme on various audio platforms wherever they go, they said. Since coming to power in 2014, Modi launched the programme in which he speaks to citizens on a variety of issues. The programme is usually broadcast on the last Sunday of the month. Its first episode was broadcast in October 2014 and it has been since going on uninterrupted except for a brief period in 2019 when the Prime Minister suspended it during the Lok Sabha elections. PTI

Boise officials have approved a lease agreement with online retailer Amazon as part of the companys plan to build a cargo facility at the Boise Airport.

The ED is determining whether Amazon breached the Foreign Exchange Management Act in its Rs 1,431 crore deal to purchase a 49 per cent stake in Future Coupons Pvt Ltd in 2019.

Amazon, which is trying to block Asia''s richest man Ambani from taking over the struggling Future retail chain, alleged last week that money from the local firm may have been diverted to other firms

Signs promote sales and layaway inside a Walmart Supercenter on Friday, Nov. 9, 2018, in Houston. A tech-driven option that occupies a sort-of middle ground between layaway and in-store financing is on the rise. | David J. Phillip, Associated Press There was a time when shopping at almost any U.S. retailer included the option to choose an item you were after and have it stashed away in some back room while you made incremental payments until the purchase price was covered and you could take it home. Those layaway plans mostly disappeared decades ago as credit cards arose as the go-to option for consumers to cover the cost of goods they couldnt quite afford in the moment. In-store financing also became a thing for many stores, particularly those offering high-ticket items like furniture and appliances. Now, a tech-driven option that occupies a sort of middle ground between layaway and in-store financing is on the rise and, like the purchase plans that have come before, it could cost you.