Amazon

Day after Piyush Goyal snub, Amazon CEO Jeff Bezos offers 10 lakh jobs in India

Jeff Bezos promised to create additional 10 lakh jobs a day after Commerce and Industry Minister Piyush Goyal snubbed him during a public event.

14 hours ago

Amazon to invest $1 bn in India to digitise small, medium businesses, says Jeff Bezos

Speaking at the Amazon 'Smbhav' event here, Jeff Bezos said that Amazon would support SMBs to export their products worth $10 billion by 2025.

2 days ago

This is what Jeff Bezos has to say about India at Amazon's Delhi event

Jeff Bezos said that Amazon would use its global footprint to export Made in India goods worth $10 billion by 2025.

2 days ago

CCI to investigate Flipkart, Amazon deep discounting on mobile phones

The CCI observed that the exclusive arrangements between phone brands and e-commerce platform, coupled with the allegation of linkages between these preferred sellers and e-commerce companies merits an investigation.

3 days ago

Zomato in advanced talks to buy UberEats: Report

Despite arriving in the Indian market in 2017, UberEats has not made enough inroads in the online food delivery segment.

Dec 16, 2019

Who will blink first? India-US in staring match over taxing Internet downloads

India may ignore US warnings of trade sanctions and impose import duties on 'electronic transmissions' like software, movie and music downloads and streaming before the year-end; New Delhi and Pretoria threaten to end 20 years of WTO ban on taxing international downloads

Dec 7, 2019

AWS extends Alexa voice controls to low-powered devices

Amazon is also expanding the capabilities of its Amazon Web Services (AWS) IoT Greengrass service, which extends AWS functions to connected devices.

Dec 2, 2019

Rs 31,000-crore Amazon, Flipkart festive sales draw traders' rage to e-commerce

Total sales of Rs 31,000 crore of Amazon and Flipkart were 14% off the target; expansion of e-tailers into new geographies in a slowing economy gripped by credit crunch has worried traders across the country.

Nov 19, 2019

Not able to even pay electricity bills, says Suresh Babu about theatres running in loss

The producer said that people rarely come to the theatres nowadays as movies stream on Amazon and Netlfix soon after the release.

Nov 18, 2019

Bill Gates officially surpasses Jeff Bezos as richest person on Earth

The Microsoft co-founder had briefly topped Bezos as the world's richest man last month after Amazon's lacklustre Q3 results resulted in Bezos losing nearly $7 billion in stock value.

Nov 16, 2019

Alibaba Singles' Day sales jump 25% in first 9 hours to $23 billion

Alibaba netted online sales worth $30 billion across its platforms on Singles' Day last year, dwarfing Cyber Monday's $7.9 billion.

Nov 11, 2019

Are e-commerce firms Amazon and Flipkart going to face more regulatory pressure?

Brick-and-mortar traders have urged PM Modi to institute a ministerial-level inquiry into 'unholy nexus' between banks and e-commerce giants Amazon and Flipkart.

Nov 11, 2019

Why is the world watching for Prime Minister Modi's response to Walmart letter?

Walmart boss Dough McMillon writes to Prime Minister Narendra Modi seeking more clarity for India's business regulations.

Oct 22, 2019

Amazon, Flipkart record festival sales euphoria may wither under regulatory fire

DPIIT asks e-commerce giants Amazon and Flipkart to reveal top-five sellers and capital structure following trade body's complaints about foreign direct investment norms violation and deep-discounting worries.

Oct 21, 2019

Amazon's consumer business fully sheds Oracle, moves on AWS

AWS CEO Andy Jassy in November said that Amazon will take off all its workloads from Oracle databases by the end of 2019 and put those on its own database offerings.

Oct 17, 2019

Amazon, Flipkart vie for top festival season honours; both report record sales

Even while claiming higher sales than the rival during this festival season, both Flipkart and Amazon are thrilled that record orders from tier-3 cities helped them scale the biggest-ever festival sales during the six-day period that ended on Friday.

Oct 5, 2019

E-commerce shopping plunges one fifth in first half of 2019 amid slowdown and lower discount

Mobile phones and fashion are the two major segments that have registered a steep fall.

Sep 16, 2019

India's top trader body seeks ban on Amazon, Flipkart's festive season sale

The two e-commerce firms typically hold annual festive season sales ahead of key Hindu festivals Dussehra and Diwali, which are due this year in October.

Sep 14, 2019

Why did Brazil reject $20 million G7 aid to fight Amazon fires?

President Jair Bolsonaro said Brazil was being treated like "a colony or no man's land" and slammed the aid as an attack on the country's sovereignty.

Aug 27, 2019

Amazon, Microsoft may be putting world at risk with killer AI, says report

The use of AI to allow weapon systems to autonomously select and attack targets has sparked ethical debates in recent years.

Aug 22, 2019