Amazon expands in Brazil to leverage pandemic induced boost to e-commerce

E-commerce giant, Amazon is expanding in Brazil by setting up 3 more logistics centers to ride on the boost induced by the COVID pandemic. This expansion, which adds 75,000 square meters of distribution space, is Amazon’s biggest since it began operating in Brazil in 2012. Amazon said that this move will create 1,500 new jobs and will increase the number of Amazon logistics center in Brazil to 8.

Future Group-RIL deal put on hold by Singapore tribunal

Ruling in favor of Amazon’s plea, a Singapore-based arbitration panel has put the deal between Kishore Biyani’s Future Group and Mukesh Ambani’s Reliance Retail (popularly known as the Future-RIL deal in media) on hold. The panel says that the deal cannot go through until it finally decides the matter while, Reliance Retail says the deal is fully enforceable under Indian law. Reliance Retail had acquired the retail, wholesale, logistics and warehousing businesses of the Future Group for INR 24K crores in a August 30th deal.

Amazon Web Services announces second AWS region in Hyderabad

Amazon Web Services (AWS) announced the launch of a second AWS region with 3 Availability Zones (AZs) in Hyderabad today. The AZs will have multiple data centers in separate locations and will be operating independently. The new AWS region in Hyderabad will help the government and even more start ups, enterprises and non-profit organisations to run their applications smoothly. The AWS region will also be beneficial in serving end-users from data centers located in the country. Amazon also operates the AWS region in Mumbai.