WhatsApp hires Amazon Pay’s Mahatme to lead India payments: sources

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As a director, Mahatme oversaw a team of senior product, engineering and business development leaders at Amazon Pay, his LinkedIn profile shows

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WhatsApp has hired a top Amazon executive to head its payments business in India, two sources told Reuters, as the messenger service gears up to expand in the booming sector.

Manesh Mahatme, who has worked at Amazon Pay for nearly seven years, is due to join WhatsApp’s payment service soon, one of the sources said on Friday.

WhatsApp and Amazon Pay were not immediately available for comment. Mahatme declined to comment.

With more than 500 million users, WhatsApp counts India as its biggest market, where it is the newest entrant in India’s digital payments sector, which PwC and Indian industry body ASSOCHAM say is set to be worth $135 billion by 2023.

WhatsApp last year received a much-delayed approval for the launch of its payments system in India, but so far its rollout has been capped by regulators at 20 million users.

But it has big ambitions and a deal by Facebook last year to invest $5.7 billion in billionaire Mukesh Ambani’s Jio Platforms digital unit, will allow WhatsApp to offer payments services to millions of mom-and-pop stores.

Also Read | WhatsApp Payment | How to get started?

“Mahatme is a hardcore payments professional, that’s the missing link for WhatsApp,” one of the sources said.

Amazon Pay has been increasingly offering users online bill payments and also acts as a digital wallet-service on the e-commerce giant’s India website.

As a director, Mahatme oversaw a team of senior product, engineering and business development leaders at Amazon Pay, his LinkedIn profile shows.

WhatsApp also has plans to deepen its partnership with banks in bid to offer financial services such as pensions and insurance, its India head Abhijit Bose – also a payments industry veteran – said last year.

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Delhi HC Restrains Future Group from Moving Ahead with Rs 24,000 Crore Reliance Deal on Amazon’s Plea

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File photo of Delhi High Court

File photo of Delhi High Court

The high court directed the Future Group and its directors to deposit Rs 20 lakh cost in Prime Minister’s Relief Fund for providing COVID-19 vaccines to senior citizens of Below Poverty Line (BPL) category.

  • PTI New Delhi
  • Last Updated:March 18, 2021, 19:11 IST
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The Delhi High Court Thursday upheld the Singapore’s Emergency Arbitrator’s (EA) order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commence giant Amazon. Justice J R Midha directed Kishore Biyani-led FRL not to take further action on the deal and held that the group willfully violated Singapore Arbitrator’s order.

The high court directed the Future Group and its directors to deposit Rs 20 lakh cost in Prime Minister’s Relief Fund for providing COVID-19 vaccines to senior citizens of Below Poverty Line (BPL) category. The court directed the presence of Biyani and others before it on April 28 as also attachment of their properties.

The high court asked them to show cause as to why they be not detained for 3 months under civil prison for violating emergency arbitrator’s order. The high court’s order came on Amazon’s plea seeking direction to order enforcement of the award by Singapore’s EA on October 25, 2020, restraining FRL from going ahead with its Rs 24,713 crore deal with Reliance Retail.

Amazon, in its interim plea, has sought to restrain FRL from taking any steps to complete the transaction with entities that are a part of the Mukesh Dhirubhai Ambani (MDA) Group. Future Group and Amazon have been locked in a battle after the US-based company took FRL into the emergency arbitration over alleged breach of a contract between them.

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Delhi HC restrains Future Retail-Reliance deal on Amazon’s plea – Times of India

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NEW DELHI: In a major setback to Future Group, the Delhi high court on Thursday restrained the company from going ahead with Rs 24,713 crore deal with Reliance Industries.
The court has directed Future Retail not to take any further action the deal. It also held that the company willfully violated Singapore arbitrator’s order.
Future Group and its directors have also been asked to deposit Rs 20 lakh in PM relief fund for providing Covid-19 vaccine to senior citizens of BPL category.
Further, the HC has directed to attach properties of CEO Kishore Biyani and others related to Future Group.
Biyani, along with others, has been asked to appear in court on April 28.
The high court also asked them to show cause as to why they be not detained for 3 months under civil prison for violating emergency arbitrator’s order.
The high court’s order came on Amazon‘s plea seeking direction to order enforcement of the award by Singapore’s EA on October 25, 2020, restraining FRL from going ahead with its Rs 24,713 crore deal with Reliance Retail.
The decision is a setback for Future, the country’s second-largest retailer with over 1,700 stores, which agreed to sell its retail businesses to market leader Reliance last year.
However, e-commerce giant Amazon, which had its sights set on ultimately owning part of the retail assets itself, argued a 2019 deal it had with a unit of Future contained clauses prohibiting Future Retail from selling them to anyone on a “restricted persons” list including Reliance.
Amazon had moved the Delhi HC in January to enforce the emergency award (EA) by the Singapore International Arbitration Centre (SIAC), which had asked Future Group not to proceed with the RIL deal till it pronounces a final order.
Previously, Future too had approached the HC to stop Amazon from writing to regulators citing the SIAC order, but the court did not grant the injunction and said Amazon was free to write to regulators.
(With inputs from agencies)

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U.S.: Worker says Amazon hung anti-union signs in bathroom stalls

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“No place was off limits,” said warehouse employee Jennifer Bates, who testified at a Washington hearing on income inequality

When Amazon found out that its workers were trying to form a union, the company put up signs across the warehouse in Bessemer, Alabama, including in bathroom stalls, a worker said.

“No place was off limits,” said warehouse employee Jennifer Bates, who testified at a Washington hearing on income inequality.

Ms. Bates, who supports the unionising effort, described on March 17 how Amazon is pushing back against the biggest unionisation efforts at the company since its founding as an online bookstore in 1995.

Besides signs, she said Amazon sends messages to workers’ phones and forces employees to attend meetings a couple of times a week that can go on for nearly an hour.

“The company would just hammer on different reasons why the union was bad for us,” Ms. Bates said. “If someone spoke up and disagreed with what the company was saying, they would just shut the meeting down.” The stakes are high for Amazon. If organisers succeed in Bessemer, it could set off a chain reaction across Amazon’s operations nationwide, with more workers rising up and demanding better working conditions.

Meanwhile, labour advocates are hoping a win at the Alabama facility could help push the labour movement in the South, which hasn’t been hospitable to organised labour.

But organisers face an uphill battle. Amazon, the second-largest private employer in the country, has a history of crushing unionising efforts at its warehouses and its Whole Foods grocery stores.

On March 17, Amazon.com Inc. didn’t deny that it hung signs in bathrooms or that it held mandatory meetings. Instead it said in a statement that it is following all National Labour Relations Board rules and guidelines in Alabama and that it respects employees’ right to form, join or not join a labour union.

The Seattle-based company also said it takes Ms. Bates’s feedback seriously, but doesn’t believe her comments represent other employees.

“We encourage people to speak with the hundreds of thousands of Amazon employees who love their jobs, earn at least $15 an hour, receive comprehensive healthcare and paid leave benefits,” the company said in a statement.

The nearly 6,000 workers at the Bessemer warehouse have until the end of March to vote on whether they want to unionise.

Big names have come out in support of the unionisation efforts, including Sen. Bernie Sanders, the independent from Vermont, and Stacey Abrams, the one-time Democratic candidate for Georgia governor who has become a leading voice on voting rights. Last week, Sen. Marco Rubio, a Florida Republican, backed organisers as did Black Lives Matter. Most of the workers in the warehouse are Black, according to organisers.

Earlier this month, President Joe Biden released a two-minute video saying workers in Alabama and around the country had the right to unionise without intimidation from their companies, but he didn’t mention Amazon directly.

Ms. Bates, who testified virtually in the hearing on March 17 before the Senate Budget Committee, called working at the warehouse “gruelling” because of all the walking she has to do in the facility, which is the size of 14 football fields. Ms. Bates said she hoped the union would set more break times, force Amazon to treat workers with respect and pay more than the $15 an hour minimum the company currently pays.

“All we want is to make Amazon a better place to work. Yet Amazon is acting like they are under attack,” Ms. Bates said. “Maybe if they spent less time and money trying to stop the union they would hear what we are saying.”

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Govt Asks Amazon, Flipkart to Treat All Sellers Equally in Draft E-Commerce Policy

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India will require e-commerce firms to treat sellers equally on their platforms and ensure transparency, according to a draft policy seen by Reuters on Saturday that follows criticism against business practices of big online companies. India has been deliberating a new e-commerce policy for months amid complaints from brick-and-mortar retailers who allege online giants like Amazon and Walmart’s Flipkart flout federal regulations. The companies have denied the allegations.

A Reuters special report last month revealed that Amazon has for years given preferential treatment to a small group of sellers on its India platform and used them to circumvent the country’s foreign investment rules. The latest draft of the policy document says operators should be impartial in their dealings with sellers. “E-commerce operators must ensure equal treatment of all sellers/vendors registered on their platforms and not adopt algorithms which result in prioritising select vendors/sellers,” it says.

A spokesman for the commerce ministry declined to comment.

The policy will apply to Amazon and Flipkart – two top e-commerce players in India – as well as domestic players like Reliance Industries, which has plans to expand its JioMart online platform. All three firms did not immediately respond to a request for comment. Separately, India is also considering changes to foreign investment rules that could prompt players including Amazon to restructure their ties with some major sellers, Reuters reported in January. Government officials are set to hold talks next week with industry executives on such rules, according to people with direct knowledge.

On Saturday, top government officials from various departments, including the commerce ministry, met to discuss the e-commerce policy. The timeline of publication and whether it will be subject to further changes were not immediately clear. Indian traders have also complained about steep discounts offered by online companies which smaller retailers have not been able to match. Amazon and Flipkart have said they comply with all laws. E-commerce firms must “bring out clear and transparent policies” on online discounts, the draft document says.

The Reuters special report last month – based on internal Amazon documents dated between 2012 and 2019 – showed the company helped a small number of sellers prosper on its India platform, giving them discounted fees and helping one cut special deals with big tech manufacturers. Amazon has said it “does not give preferential treatment to any seller on its marketplace,” and that it “treats all sellers in a fair, transparent, and non-discriminatory manner.”

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Amazon infuses ₹225 crore into payments unit Amazon Pay in India

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The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm.

Amazon has infused over ₹225 crore into its payments unit in India, Amazon Pay, according to regulatory documents. The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm.

The board has approved “allotment of 22,50,00000 equity shares… aggregating to ₹225 crore to the existing shareholder on rights basis”, regulatory documents sourced by business intelligence platform Tofler showed.

The shares were allotted to Amazon Corporate Holdings Private Limited and Amazon.com.Incs Limited, the documents filed with the Corporate Affairs ministry showed.

Amazon did not respond to queries.

In October last year, Amazon Pay had received over ₹700 crore, while in January, an infusion of ₹1,355 crore was made by these entities. Amazon has been pumping in millions of dollars across various operations like marketplace, wholesale and payments business as it looks to strengthen its position in the Indian market. In January last year, Amazon founder Jeff Bezos had announced $1 billion (over ₹7,000 crore) incremental investment in India to help bring small and medium businesses online. Previously, the online retail giant had committed $5.5 billion investment in India, one of Amazon’s most important markets outside of the U.S. and a key growth driver.

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Over 50,000 offline retailers neighbourhood stores now part of Local Shops: Amazon India

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Launched in April this year, ‘Local Shops’ aims to enable local shopkeepers and kirana store owners to sell online

E-commerce major Amazon on March 7 said more than 50,000 offline retailers and neighbourhood kirana stores across 450 cities in the country are now part of its ‘Local Shops’ programme.

Launched in April, ‘Local Shops’ aims to enable local shopkeepers and kirana store owners to sell online. In October, Amazon India had said the programme had seen participation from over 20,000 retailers in 400 cities.

More than 50,000 offline retailers and neighbourhood stores from 450 cities — from metros to tier II and tier III cities like Sangli, Osmanabad, Jamnagar, Gorakhpur, Jabalpur, Ratlam, Bikaner, Tumkur, Jalpaiguri, Kanchipuram and Dehradun have joined the Local Shops on Amazon programme, a statement said on March 7.

They offer customers in their cities a wide range of products including fresh flowers, home and kitchen products, furniture, electronics, books and toys amongst others, it added.

“What started as a pilot, has now become a pan-India phenomenon enabling local businesses to come online and benefit from technology adoption and e-commerce. The encouraging response to the ‘Local Shops’ on Amazon programme reflects in the rapid scale up of the programme to over 50,000 sellers in less than one year of launch,” Amazon India vice-president Manish Tiwary said.

It underlines how digital enablement and digital inclusion can help them scale and contribute to a digital economy, he added.

“We remain committed to working closely with the millions of MSMEs including the vast network of neighbourhood stores across the country as part of our focus on transforming the way India buys and sells,” he said.

Amazon India said the programme helps these neighbourhood stores supplement the existing footfalls at their stores with a digital presence, and expands their reach beyond the normal catchment.

Maharashtra, Delhi, Gujarat, Uttar Pradesh and Rajasthan topped the list of the highest number of ‘Local Shops’ among states, while Delhi, Surat, Jaipur, Bengaluru and Mumbai had the highest number of Local Shops in terms of cities.

The most popular product categories on Local Shops were grocery, kitchen products, appliances, beauty products, consumer electronics, home items, furniture, business and industrial supplies, apparel, and wireless accessories.

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Amazon India Says Over 50,000 Offline Retailers, Kirana Stores Are Now Part of ‘Local Shops’ Programme

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E-commerce major Amazon on Sunday said more than 50,000 offline retailers and neighbourhood kirana stores across 450 cities in the country are now part of its ‘Local Shops’ programme. Launched in April this year, ‘Local Shops’ aims to enable local shopkeepers and kirana store owners to sell online. In October, Amazon India had said the programme had seen participation from over 20,000 retailers in 400 cities.

More than 50,000 offline retailers and neighbourhood stores from 450 cities – from metros to tier II and tier III cities like Sangli, Osmanabad, Jamnagar, Gorakhpur, Jabalpur, Ratlam, Bikaner, Tumkur, Jalpaiguri, Kanchipuram and Dehradun have joined the Local Shops on Amazon programme, a statement said on Sunday. They offer customers in their cities a wide range of products including fresh flowers, home and kitchen products, furniture, electronics, books and toys amongst others, it added.

ALSO READ: Amazon Alexa Gets Macmillan Altura Skill to Help Users Improve Their English

“What started as a pilot, has now become a pan-India phenomenon enabling local businesses to come online and benefit from technology adoption and e-commerce. The encouraging response to the ‘Local Shops’ on Amazon programme reflects in the rapid scale up of the programme to over 50,000 sellers in less than one year of launch,” Amazon India Vice President Manish Tiwary said. It underlines how digital enablement and digital inclusion can help them scale and contribute to a digital economy, he added.

“We remain committed to working closely with the millions of MSMEs including the vast network of neighbourhood stores across the country as part of our focus on transforming the way India buys and sells,” he said. Amazon India said the programme helps these neighbourhood stores supplement the existing footfalls at their stores with a digital presence, and expands their reach beyond the normal catchment. Maharashtra, Delhi, Gujarat, Uttar Pradesh and Rajasthan topped the list of the highest number of ‘Local Shops’ among states, while Delhi, Surat, Jaipur, Bengaluru and Mumbai had the highest number of Local Shops in terms of cities. The most popular product categories on Local Shops were grocery, kitchen products, appliances, beauty products, consumer electronics, home items, furniture, business and industrial supplies, apparel, and wireless accessories.

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Centre’s guidelines for social media, OTT platforms have ‘no teeth’: SC | India News – Times of India

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NEW DELHI: Holding that the guidelines framed by Centre to prevent misuse of social media and OTT platforms will not be effective, the Supreme Court on Friday asked the Centre to consider framing of some stringent law and regulation.
A bench headed by Justice Ashok Bhushan, after going through the recently framed rules, said that it lacked teeth to deal with the problem and it is just in form of guidelines.

The court said that there should be some provision for prosecution for noncompliance of the rules and asked the solicitor general Tushar Mehta to consider bringing legislation to control contents of social media and OTT platforms..
Agreeing with SC suggestion, Mehta said that the government would certainly consider framing stringent law and the draft of the law would be placed before the court.
The bench, in the meanwhile, granted anticipatory bail to Amazon Prime India head Aparna Purohit who is apprehending arrest in the case lodged against her in Tandav controversy.
Purohit had approached the Supreme Court after the high court on February 25 declined to give her protection from arrest. UP police had filed an FIR against the top Amazon Prime executive for allegedly hurting religious sentiments.

The Supreme Court on Thursday had backed the push for “screening” of content being telecast on OTT platforms like Netflix and Amazon Prime as some of the shows contained “pornography” and directed that the Centre’s recently-framed rules to regulate social media and OTT platform be placed before it.
Under the new rules, OTT platforms and digital media will be required to disclose information about where they publish, the nature of the contents they share as well as their subscriber data. They will also be required to set up a grievance redress mechanism. For regulation of OTT platforms, the government mandated that a self-regulation body, headed by a retired judge or an eminent person, should be set up, besides “age-gating” of the content.

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Supreme Court: Even pornography is being shown on OTT platforms, some balance needed | India News – Times of India

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NEW DELHI: The Supreme Court said on Thursday that there should be some screening of shows and web series being telecast on the over the top (OTT) platforms and asked the government to place recently framed regulation before it by tomorrow.
“Some regulation was needed as in some cases even pornography is being shown on such platforms and a balance has to be maintained,” the SC bench said.
The Supreme Court was hearing an appeal of the commercial head of Amazon Prime Video Aparna Purohit against the Allahabad high court order that denied anticipatory bail to her in the ongoing investigation over the web series ‘Tandav’.
The court will examine the Centre’s regulation and bail plea of Aparna Purohit tomorrow.

The government on February 25 notified new rules for social media and OTT platforms ostensibly to provide a level playing field to media platforms cutting across print, television and digital platforms, while adding that digital platforms doing business in India would have to follow the law of the land.
Under the new rules, the OTT platforms and Digital media will be required to disclose information about where they publish, the nature of the content they share as well as the size of their subscriber data. They will also be required to set up a grievance redressal mechanism.
For regulation of OTT platforms, the government mandated that a self-regulation body, headed by the retired judge or an eminent person, should be set up.
A separate oversight mechanism, as a third tier, has also been proposed.
‘Tandav’ case
The high court on February 25 declined to give protection from arrest to Purohit by dismissing the anticipatory bail application of her.
The Uttar Pradesh Police had filed an FIR against the top Amazon Prime executive for the derogatory depiction of Hindu deities and promoting religious enmity through the series.
‘Tandav’ actor Mohammad Zeeshan Ayyub, Purohit and the makers had approached the top court seeking protection from arrest on the FIRs registered against them for allegedly hurting religious sentiments and telecasting objectionable content.
(With inputs from agencies)

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