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,…
- Samsung and Oppo Want To Work With DigiLocker, Plans For Common Consent Manager Underway February 6, 2023
- Here’s 7 ways to boost India’s gaming industry, as per a govt task force February 6, 2023
- Why was Indian crypto exchange WazirX forced to transfer assets from Binance’s wallet service? February 6, 2023
- No View On Republishing Data Anonymisation Guidelines for Public Consultation: IT Ministry February 6, 2023
- Andhra Pradesh: Gang uses cloned Aadhaar-linked fingerprints to steal money from bank accounts February 6, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...