Connect with us

Uncategorized

Amazon urges Supreme Court to suspend antitrust review of future group deal: Report

Published

on

NDTV News

Amazon urges Supreme Court to suspend antitrust review of future group deal: Report

Amazon has urged Supreme Court to suspend review of its deal with Future Group

Amazon.com Inc has asked the Supreme Court for an accelerated review of allegations that the US The company hid information as it sought antitrust clearance for a 2019 deal with Future Group, legal documents seen by Reuters revealed.

The Competition Commission of India (CCI) accused Amazon of concealing facts and making false statements in June when it sought approval for its $200 million investment in a 2019 Futures unit, a deal that is now at the heart of protracted legal disputes between the two sides.

Amazon told Reuters at the time it was confident it would allay the watchdog’s concerns. Amazon’s approach to the Supreme Court comes as the CCI held a closed-door hearing on Wednesday where the US company’s lawyers declined to argue and explain their stance on the matter, having asked the highest court to dismiss the lawsuit. to interrupt.

The watchdog noted in an internal document – seen by Reuters – that it had decided not to give the company any extensions to explain its position and will now issue an injunction in due course.

Amazon and the CCI did not immediately respond to a request for comment. The CCI decision is critical to Amazon’s legal challenges.

If the CCI rules against Amazon and withdraws its 2019 approval, it could have far-reaching implications for the US company’s ongoing legal battle with Future, people familiar with the case say.

That’s because Amazon has so far successfully used the 2019 Futures deal to argue breach of certain contracts when the Indian company announced plans last year to sell its retail assets to rival Reliance Industries for $3.4 billion.

Future, which denies any wrongdoing, accuses Amazon of illegally interfering in its business decisions and derailing a potential deal without which it says it will be liquidated.

.

Uncategorized

Amazon brings fresh capital worth ₹650 cr in Amazon Wholesale (India)

Published

on

By

Amazon brings fresh capital worth ₹650 cr in Amazon Wholesale (India)

Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited have the 650 Crore Investment in Amazon India Wholesale B2B Branch

US-based e-commerce giant Amazon has injected fresh capital to the beat of 650 crore in one of its India units, Amazon Wholesale (India), according to regulatory documents.

Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited have the A 650 crore investment in Amazon India’s wholesale B2B arm, according to documents filed with the Ministry of Business Affairs and shared by market research firm Tofler.

The allocation date was October 26, 2021, it added.

Amazon India did not respond to email inquiries.

According to the documents, a significant part of the funds (more than 649.94 crore) came from Amazon Corporate Holdings Pvt Ltd.

The new funds will provide Amazon in India with more arsenal to bolster its wholesale B2B business in India.

Amazon has aggressively invested in several business units in India.

These investments have been leveraged to expand infrastructure and add solutions to improve the consumer and merchant experience.

In October, Amazon had also injected fresh capital at the pace of 1,460 crore to Amazon Seller Services – the marketplace that helps sellers sell their products online in India and internationally.

Close story

.

Continue Reading

Uncategorized

wisely reveals new ways for restaurants to use data to

Published

on

By

wisely reveals new ways for restaurants to use data to

ANN ARBOR, Michigan, Nov. 29, 2021 (GLOBE NEWSWIRE) — sensible, a leading customer intelligence and engagement platform for restaurants, today announced several new features to be showcased at the Customer Intelligence Summit, powered by olo, on Wednesday, December 1, 2021 at 1:00 PM Eastern Time.

Following the recently announced acquisition of Wisely by Olo, Noah Glass, founder and CEO of Olo, and Mike Vichich, VP and GM of Customer Engagement products at Olo, will jointly unveil the latest Wisely product features built to enable restaurants use data to grow their business and deepen guest relationships.

Mr. Vichich will then host a panel discussion with Tana Davila, Chief Marketing Officer at PF Chang’s, and Matt Eisenacher, SVP Brand Strategy and Innovation at First Watch, about maximizing customer lifelong value with customer intelligence.

The 60-minute virtual release event introduces a number of new ways to personalize guest communication, deliver a meaningful dining experience, and keep team members informed. The following features are available, currently within the Wisely platform, for immediate use from December 1st:

  • Email Builder: Set up automated marketing emails in minutes
  • Supercharged segmentation: Segment guests with new Smart Properties such as predicted CLV and churn risk
  • Extensive library of webhooks: Take action after a guest submits a survey to show appreciation for feedback
  • Add a gift: Let others easily share a gift with guests (e.g. bottle of wine) during their dining experience
  • Flexible booking policy: Limit no-shows and last-minute cancellations by configuring selected reservations as subject to cancellation fees, with the flexibility to waive fees
  • Shift Notes: Streamline communication between team members so that the nuances of each shift are passed on

“Being a customer-centric brand means you’re in control of your customer data,” said Mr. Vichich. “Our new features make it easier than ever for restaurant brands to collect, analyze and act on their data – ultimately delivering an exceptional guest experience.”

“Along with Olo’s on-demand commerce platform, we’re proud to give restaurants the tools they need to maximize customer lifetime value and accelerate their digital transformation,” said Mr Glass. “We look forward to sharing our latest innovations and celebrating the unification of our two companies.”

To register for the Customer Intelligence Summit, go to: https://www.getwisely.com/summit.

About Wise
Wisely is a leading customer information platform for restaurants and was ranked number 300 on the 2021 Inc 5000 list. Brands such as Chuy’s, First Watch, Fat Brands Inc. QSR Division, PF Chang’s and hundreds of others wisely empower to personalize the guest experience to maximize customer lifetime value and build a profitable future with data. Wisely’s best-in-class software solutions include the first-ever CDP built specifically for restaurants, an all-in-one CRM with marketing automation, waitlist, reservations, table and order management, and guest sentiment. Say goodbye to transactions and hello to customers with Wisely. Visit getwisely.com.

About Olo
Olo is a leading on-demand commerce platform driving the digital transformation of the restaurant industry. Millions of orders per day run on Olo’s enterprise SaaS engine, enabling brands to maximize the convergence of digital and physical operations. The Olo platform provides the infrastructure to capture demand and manage consumer orders from any channel. With integrations with more than 100 technology partners, Olo customers can build digital experiences with the largest and most flexible restaurant commerce ecosystem on the market. More than 500 restaurant brands use Olo to grow digital sales, maximize profitability and maintain direct consumer relationships. More information on olo.com.

Contact
[email protected]

.

Continue Reading

Uncategorized

HP bypolls result won’t affect 2022 election polls: Jai Ram

Published

on

By

elections, bypolls, BJP

The Chief Minister of Himachal Pradesh, Jai Ram Thakur, said on Monday that the results of recently closed polls will not affect the 2022 parliamentary elections and that the BJP will re-form in the state in a general election.

Speaking at a public meeting in Dharampur in Mandi district, Thakur said the results of the bypolls have given some time to rejoice before the congress, but they will not affect the 2022 election polls as the results will be different. and the BJP would once again form a government in HP .

“Today, the nation is safe in the hands of Prime Minister Narendra Modi and gives an appropriate response to all the adversities of the neighboring countries.

The repeal of Article 370, the construction of Lord Rama Temple in Ayodhya is possible thanks to Prime Minister Modi’s strong leadership and political will,” he added.

He stated that the current state government ensures that every section of society and every area benefits from the BJP government’s welfare and development plans. The people of the Dharampur area were fortunate to have a dynamic and committed leadership that represents them in the state of Vidhan Sabha.

It was a historic day for the people of the Dharampur Vidhan Sabha area as a record 96 development projects worth Rs 381 crore were dedicated to the people of the area, the CM said.

Thakur further stated that the Coronavirus pandemic has severely devastated the global economy and Himachal Pradesh was no exception. But timely decisions of the central leadership and the state government combined with active cooperation of the people, the country and the state gradually got out of this situation.

But even during the pandemic, he had laid the foundation stone for development projects worth Rs 4,500 crore in about 42 Vidhan Sabha areas of the state.

“Congress leaders did nothing in this crisis and even tried to politicize this sensitive issue. It is a pity that, despite having been in power for about 50 years, the congressional leaders never thought of such welfare arrangements and the party leaders were busy with their own development,” he said, reminding congressional leaders that there were only 50 ventilators were in the state. as the pandemic spread, while HP has more than 1,000 fans today.

The CM added that Jal Jeevan Mission has proved to be a boon to the people as the state has committed to provide every household with a fully functional water tap by the middle of next year.

.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.