Amazon reported a net profit of $513 million for the quarter ended March 31, 2015 (Q1 2016) compared to the net loss of $57 million in the same quarter last year. The company posted net sales of $29.1 billion, an increase of 28% from the net sales of $22.7 billion in the same quarter last year. Here are a few takeaways from their earnings and call with analysts: Amazon has rolled out Tatkal to 25 cities in India Amazon.in has rolled out Amazon Tatkal to 25 cities across India. Tatkal is a studio-on-wheels offering a suite of services to sellers, including registration, imaging and cataloging services, and basic seller training. The feature was launched in February and started in Delhi. It seems that this will be part of Amazon's strategy to get more sellers on its platform in the country. It remains to be seen whether Amazon will extend the Global Selling programme to these sellers. Over 6000 sellers from India are selling their ‘Make in India’ products on Amazon’s nine global marketplaces. "So we're taking it to the sellers, taking the business to the sellers. We've already reached sellers in 25 cities and we're really helping them expand their business not only within their home region, but throughout the whole country," CFO Brian Olsavsky told analysts. Cloudtail to operate in "any regime" Answering a question on India's regulatory environment, particularly Cloudtail, Phil Hardin, director of investor relations said that the company is "happy to operate in any regime." "So frankly, the more clarity,…
