News

India`s Reliance Retail eligible to submit resolution plan for Future Enterprises bankruptcy The retail arm of Reliance Industries is among three companies eligible to submit a plan for the debt-ridden Future Enterprises's bankruptcy proceedings, Future's resolution professional disclosed in an exchange filing on Wednesday. Indian billionaire Mukesh Ambani's Reliance Retail Ventures, galvanised steel sheet maker Jindal (India) and Donear Industries-owned textiles maker GBTL have been listed as prospective resolution applicants for the Future Group company, said Avil Me...
India`s Reliance Retail eligible to submit resolution plan for Future Enterprises bankruptcy
India`s Reliance Retail eligible to submit resolution plan for Future Enterprises bankruptcy
Source: Reuters
12/07/2023 11:26:53 AM
Amazon launches 5th Gen Echo Dot with improved audio in India  Amazon on Thursday launched the all-new 5th Gen Echo Dot smart speaker with improved audio, Ultrasound Motion Detection, temperature sensor, and tap gesture controls in India. The new Echo Dot comes in three colour variants -- black, blue and white, available for purchase from March 2 to 4 across leading online and offline stores at an introductory price of Rs 4,999, according to the company. Users can just use their voice and ask Alexa in English, Hindi and Hinglish. "We ...
Amazon launches 5th Gen Echo Dot with improved audio in India
Amazon launches 5th Gen Echo Dot with improved audio in India
Source: IANS
2/03/2023 5:22:24 PM
Amazon India to offer its transportation services to third-party merchants E-commerce giant Amazon will offer its transportation and logistics network as a service to third-party merchants, businesses and direct-to-consumer brands in India. According to TechCrunch, the company attempts to replicate the model "Buy with Prime" that it has been testing in the US for several months to drive revenue in the key overseas market. The service, called Amazon Shipping, offers "extensive reach and the highest reliability " all at the lowest logistics c...
Amazon India to offer its transportation services to third-party merchants
Amazon India to offer its transportation services to third-party merchants
Source: IANS
8/11/2022 4:13:58 PM
Amazon.com unveils device that tracks breath while sleeping Amazon.com Inc on Wednesday announced a contactless gadget that can monitor people's sleep, along with updates to its lineup of voice-controlled devices and e-readers. The online retailer said its $139.99 sleep gadget, known as Halo Rise, tracks room temperature, humidity and light, plus the breathing patterns of the person closest to it. The goal is to provide insight to users on why they may or may not feel well-rested when they wake up. Like peers Apple Inc and Alphabet Inc's...
Amazon.com unveils device that tracks breath while sleeping
Amazon.com unveils device that tracks breath while sleeping
Source: Reuters
29/09/2022 8:58:36 AM
Wall Street pushes stocks down, dollar up on Fed hike fears U.S. stocks fell and the dollar rose on Friday, even as Treasury yields gained, with traders anxious about inflation and what the Federal Reserve will do to combat it. With higher rates looming, large technology stocks such as Amazon.com Inc and Alphabet Inc fell more than 2%. Major banks such as JPMorgan Chase & Co, Bank of America Corp , and Deutsche Bank AG declined more than 2%, a reversal of the sector's late-summer rebound. And an earnings miss by heavy equipment maker Deere ...
Wall Street pushes stocks down, dollar up on Fed hike fears
Wall Street pushes stocks down, dollar up on Fed hike fears
Source: Reuters
20/08/2022 9:54:37 AM
Key News - Amazon.com , Jindal Steel and Power , Vedanta Ltd, By ARETE Securities Key News Amazon's apps witness nearly 500 mn cumulative downloads in India Amazon is betting big on the Indian market as the Covid-19 pandemic has accelerated the shift to e-commerce, and more consumers are shopping online at a higher frequency on the online retailer’s platform. The company said if one combines the downloads of its platforms such as 'Amazon.in' shopping app and Prime Video app, there are close to 500 million downloads, which is almost 75 per cent of th...
Key News - Amazon.com , Jindal Steel and Power , Vedanta Ltd, By ARETE Securities
Key News - Amazon.com , Jindal Steel and Power , Vedanta Ltd, By ARETE Securities
Source: ARETE Securities Ltd
11/04/2022 9:25:09 AM
Amazon files new legal challenges in dispute with Future Group-sources By Aditya Kalra NEW DELHI -Amazon.com Inc has filed fresh legal challenges in its long-running dispute with Indian retailer Future Group after the national antitrust agency suspended a 2019 deal between the two sides, leading to a halt in their arbitration, four sources told Reuters on Sunday. The Competition Commission of India (CCI) last month suspended its approval of Amazon's 2019 deal with Future, denting the U.S. e-commerce giant's attempts to block the sale of Future...
Amazon files new legal challenges in dispute with Future Group-sources
Amazon files new legal challenges in dispute with Future Group-sources
Source: Reuters
9/01/2022 2:01:35 PM
India's Future Group shares fall after court decision on Amazon arbitration appeal BENGALURU  -Shares in Future Group companies fell on Wednesday, a day after an Indian court dismissed Future Retail's appeal to declare arbitration proceedings with now estranged partner Amazon.com Inc as illegal. Justice Amit Bansal at the Delhi High Court said on Tuesday that Future's filings were dismissed. The arbitration proceedings are set to resume this week. Future Retail on Wednesday appealed again in the Delhi High Court, seeking to declare the proceedings illegal...
India's Future Group shares fall after court decision on Amazon arbitration appeal
India's Future Group shares fall after court decision on Amazon arbitration appeal
Source: Reuters
6/01/2022 10:08:32 AM
Key News - Paytm, Bharti Airtel, Amazon, Reliance Industries Ltd, Nissan Motor Co Ltd By ARETE Securities Key News Paytm in focus again as analysts question CEO on profit, business model After a turbulent debut for the company behind India’s largest initial public offering, Paytm’s top executives spent 90 minutes on a call with investors and analysts on Saturday as they dissected its business model and raised questions on monetization. Whether officials have done enough to ease doubts on revenue streams and profitability prospects remain to be seen when markets reopen. One97 Co...
Key News - Paytm, Bharti Airtel, Amazon, Reliance Industries Ltd, Nissan Motor Co Ltd By ARETE Securities
Key News - Paytm, Bharti Airtel, Amazon, Reliance Industries Ltd, Nissan Motor Co Ltd By ARETE Securities
Source: ARETE Securities Ltd
29/11/2021 9:24:59 AM
Exclusive-Amazon considers more proactive approach to determining what belongs on its cloud service  Amazon.com Inc plans to take a more proactive approach to determine what types of content violate its cloud service policies, such as rules against promoting violence, and enforce its removal, according to two sources, a move likely to renew debate about how much power tech companies should have to restrict free speech. Over the coming months, Amazon will expand the Trust & Safety team at the Amazon Web Services (AWS) division and hire a small group of people to develop expertise...
Exclusive-Amazon considers more proactive approach to determining what belongs on its cloud service
Exclusive-Amazon considers more proactive approach to determining what belongs on its cloud service
Source: Reuters
6/09/2021 9:42:13 AM
Amazon to roll out its own TV in U.S. by October - Business Insider Amazon.com Inc is planning to launch its Amazon-branded TV in the United States as soon as October, Business Insider reported on Thursday. The launch, involving teams from Amazon Devices and Lab126, has been in the works for almost two years, the report https://bit.ly/3t9bzrZ said, citing people familiar with the matter. The TVs, which will be powered by voice assistant Alexa, are currently designed and manufactured by third parties, one of which is TCL, the report added. Amazon did ...
Amazon to roll out its own TV in U.S. by October - Business Insider
Amazon to roll out its own TV in U.S. by October - Business Insider
Source: Reuters
3/09/2021 10:41:42 AM
Alexa to speak louder if it detects background noise Tech giant Amazon is introducing a new feature -- Adaptive Volume -- that will make Alexa respond louder if it detects a noisy background. According to the company, the mode is meant to make sure that users can still hear Alexa's responses over any background noise -- like the sound of a dishwasher, people talking, or music playing on another device. The company said that the feature is currently available to US customers and that can be activated by saying "Alexa, turn on adap...
Alexa to speak louder if it detects background noise
Alexa to speak louder if it detects background noise
Source: IANS
2/09/2021 11:07:28 AM
US economy grows at annualised 6.5% in Q2 Amazon.com Inc on Thursday said sales growth would slow in the next few quarters as customers venture more outside the home, a tepid start to CEO Andy Jassy's reign after 27 years with Jeff Bezos at the retailer's helm. Spending growth by Prime members, Amazon.com's most valuable customers, has eased as well, the company said. Shares fell 7% in after-hours trade. More than a year into the COVID-19 pandemic, Amazon's financial luster is fading slightly. When brick-and-mor...
US economy grows at annualised 6.5% in Q2
US economy grows at annualised 6.5% in Q2
Source: IANS
30/07/2021 10:43:06 AM
Amazon sales growth slows in tame start to Jassy's tenure as CEO Amazon.com Inc on Thursday said sales growth would slow in the next few quarters as customers venture more outside the home, a tepid start to CEO Andy Jassy's reign after 27 years with Jeff Bezos at the retailer's helm. Spending growth by Prime members, Amazon.com's most valuable customers, has eased as well, the company said. Shares fell 7% in after-hours trade. More than a year into the COVID-19 pandemic, Amazon's financial luster is fading slightly. When brick-and-mor...
Amazon sales growth slows in tame start to Jassy's tenure as CEO
Amazon sales growth slows in tame start to Jassy's tenure as CEO
Source: Reuters
30/07/2021 10:39:22 AM
Amazon eyes potential stake in Indian film, media businesses; Inox denies report BENGALURU - Amazon.com Inc's India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd for a potential stake, the Indian Express newspaper reported on Tuesday, citing sources. Inox, however, said the report was "factually incorrect" and there were no discussions between the company and Amazon India. (https://bit.ly/3zziJrk) Shares of the Mumbai-headquartered company jumped as much as 14.3% to 346.20 rupe...
Amazon eyes potential stake in Indian film, media businesses; Inox denies report
Amazon eyes potential stake in Indian film, media businesses; Inox denies report
Source: Reuters
27/07/2021 10:58:20 AM
Factbox-The challenges facing Amazon's new CEO, Andy Jassy Amazon.com Inc on Monday got a new chief executive: Andy Jassy, the mastermind behind its lucrative cloud computing division, who succeeds company founder Jeff Bezos. Here's a look at the business Jassy is taking over and the challenges that await him on the job. MORE THAN THE 'EVERYTHING STORE' * Bezos incorporated Amazon exactly 27 years ago. The internet bookseller he founded out of a garage has morphed into a purveyor of virtually any consumer good, online and in phys...
Factbox-The challenges facing Amazon's new CEO, Andy Jassy
Factbox-The challenges facing Amazon's new CEO, Andy Jassy
Source: Reuters
5/07/2021 3:54:34 PM
Jeff Bezos to fly to space on Blue Origin rocket Amazon.com Inc founder Jeff Bezos brother will fly to space next month on the first space flight from his rocket company Blue Origin, the billionaire said on Monday. "Ever since I was five years old, I've dreamed of traveling to space. On July 20th, I will take that journey with my brother," Bezos said in an Instagram post https://www.instagram.com/p/CP0MSOqnYEo/?utm_medium=copy_link. Blue Origin closed the first round of the auction last month and said it had received mor...
Jeff Bezos to fly to space on Blue Origin rocket
Jeff Bezos to fly to space on Blue Origin rocket
Source: Reuters
7/06/2021 5:00:15 PM
From Amazon to Tata, industry steps up to combat India`s coronavirus crisis BENGALURU - Global and Indian firms are flexing their industrial muscle to help the world's second biggest population battle coronavirus, coming to the rescue of a public health system buckling under the weight of surging infections and deaths. Amazon.com, Intel and Google, as well as Indian firms Tata Sons, Reliance Industries and JSW Steel have pitched in with everything from airlifts of medical equipment and funding pledges to making medical oxygen. "What we need is better p...
From Amazon to Tata, industry steps up to combat India`s coronavirus crisis
From Amazon to Tata, industry steps up to combat India`s coronavirus crisis
Source: Reuters
28/04/2021 3:47:07 PM
Amazon tells Indian court - Reuters story is no reason to resume antitrust probe NEW DELHI  - Amazon.com Inc told an Indian court on Thursday a Reuters special report into the e-commerce giant's business practices should not be considered as evidence, as India's competition watchdog sought to lift an injunction on an anti-trust probe. The Reuters report showed the U.S. firm gave preferential treatment to a small group of sellers on its platform, sidestepping foreign investment rules meant to protect India's small retailers from being crushed by e-comme...
Amazon tells Indian court - Reuters story is no reason to resume antitrust probe
Amazon tells Indian court - Reuters story is no reason to resume antitrust probe
Source: Reuters
16/04/2021 9:22:56 AM
Amazon offers rare apology over drivers `peeing in bottles` Amazon has issued a rare apology regarding allegations over exploitative working conditions at its facilities, including forcing exhausted workers to 'pee in bottles', saying that the company will look for solutions to resolve such situations. The company said late on Friday that this is a long-standing, industry-wide issue and is not specific to Amazon. "Regardless of the fact that this is industry-wide, we would like to solve it. We don't yet know how, but will look f...
Amazon offers rare apology over drivers `peeing in bottles`
Amazon offers rare apology over drivers `peeing in bottles`
Source: IANS
3/04/2021 5:28:39 PM
ABB, AWS to build EV fleet management platform Swiss automation and technology company ABB has announced a collaboration with Amazon Web Services (AWS) to create a Cloud-based platform for the real-time fleet management of EVs. According to the companies, the platform will optimise the efficient use of EVs and speed up the electrification of transport fleets, helping operators worldwide maintain 100 per cent business continuity as they transition to fully electric. "This new solution will revolutionise the world of electric mob...
ABB, AWS to build EV fleet management platform
ABB, AWS to build EV fleet management platform
Source: IANS
30/03/2021 3:31:27 PM
Amazon's social media team bares its teeth in Washington WASHINGTON - Amazon.com's social media team bared its teeth this week to go after two big critics in Congress: Senators Bernie Sanders and Elizabeth Warren. Amazon first struck out Wednesday with tweets by Dave Clark, chief executive of Amazon's worldwide consumer business, who criticized Sanders for pushing for a $15 minimum wage and supporting Amazon workers in Alabama who are considering unionizing. On Friday, the day that Sanders met with Amazon workers in Alabama, Amazon Ne...
Amazon's social media team bares its teeth in Washington
Amazon's social media team bares its teeth in Washington
Source: Reuters
27/03/2021 9:57:43 AM
Amazon names Adam Selipsky as new AWS head Amazon has appointed Salesforce executive Adam Selipsky as new head of its Cloud computing arm Amazon Web Services (AWS). Selipsky replaces long-time AWS executive Andy Jassy who will become Amazon CEO when founder Jeff Bezos steps down later this year. "Selipsky brings strong judgment, customer obsession, team building, demand generation, and CEO experience to an already very strong AWS leadership team. And, having been in such a senior role at AWS for 11 years, he knows our cultu...
Amazon names Adam Selipsky as new AWS head
Amazon names Adam Selipsky as new AWS head
Source: IANS
24/03/2021 10:31:59 AM
Amazon picks former executive Adam Selipsky to lead cloud unit Amazon.com Inc on Tuesday named Salesforce.com Inc executive Adam Selipsky to lead its Amazon Web Services unit. The move comes as AWS' current lead Andy Jassy is vacating the role to become chief executive officer of Amazon, after Jeff Bezos announced his exit. Seattle-based Amazon said Selipsky, one of the first VPs hired in AWS in 2005 who ran the cloud computing division's sales, marketing, and support for 11 years, will return to AWS on May 17. Selipsky became the CEO of...
Amazon picks former executive Adam Selipsky to lead cloud unit
Amazon picks former executive Adam Selipsky to lead cloud unit
Source: Reuters
24/03/2021 10:03:20 AM
Amazon `threatened` US warehouse workers amid pandemic An investigation by the National Labor Relations Board (NLRB) in the US has found that Amazon allegedly threatened and retaliated against workers protesting the company's handling of the Covid-19 pandemic. The official NLRB documents, seen by Motherboard, revealed that the e-commerce behemoth "illegally interrogated and threatened Jonathan Bailey, a lead organiser of the Queens Amazon walkouts, who has issued a federal complaint against Amazon". The case pertains to an Ama...
Amazon `threatened` US warehouse workers amid pandemic
Amazon `threatened` US warehouse workers amid pandemic
Source: IANS
23/03/2021 4:37:39 PM
FICCI President Uday Shankar snubs Amazon`s claims FICCI President Uday Shankar snubbed the Ficci Ecommerce Committee head after a meet today where all associations were present. In a first, Uday Shankar has said Amazon's claims at a vital stakeholder-DPIIT meet Friday were false and need to be rescinded. Shankar, in a terse distancing from Amazon's claims, said the apex chamber expects zero-tolerance on creative interpretations of FDI norms. Amazon is under ED investigation for misusing Press Notes 2 and 3 and violating the ...
FICCI President Uday Shankar snubs Amazon`s claims
FICCI President Uday Shankar snubs Amazon`s claims
Source: IANS
20/03/2021 9:18:55 AM
Indian court restrains Future chief from selling assets in dispute with Amazon NEW DELHI  - An Indian court on Thursday restrained Future Group chief Kishore Biyani from selling his personal assets following Amazon.com Inc's challenge against the Indian group's $3.4 billion sale of its retail business. Amazon is locked in a dispute with Future, which it says allegedly violated certain contracts by selling its retail assets to market leader Reliance Industries last year. Future denies any wrongdoing. While the cases are being fought at various forums, ...
Indian court restrains Future chief from selling assets in dispute with Amazon
Indian court restrains Future chief from selling assets in dispute with Amazon
Source: Reuters
19/03/2021 9:00:34 AM
HC restrains Future Retail from going ahead with Reliance deal New Delhi, March 18 In a big win for Amazon, the Delhi High Court on Thursday restrained Future Retail from going ahead with the Rs 24,713 crore deal with Reliance on a petition filed by the Jeff Bezos-led company. The Future Group has been embroiled in a legal battle with Amazon since January, when the latter moved the Delhi High Court challenging Future Group's assets sale to Reliance Industries Limited. The court was approached on the ground that the assets sale violated a contra...
HC restrains Future Retail from going ahead with Reliance deal
HC restrains Future Retail from going ahead with Reliance deal
Source: (IANS) 
18/03/2021 11:02:51 PM
Enforcement Directorate seeks information, documents from Amazon amid probe: Source NEW DELHI - India's Enforcement Directorate has recently asked Amazon.com Inc for information related to its operations in the country, as the agency continues to investigate the U.S. e-commerce giant, a senior agency source told Reuters on Friday. Last month, the source at the country's federal financial-crime fighting agency said the Directorate will examine the findings in a recent Reuters special report which revealed the company has for years given preferential treatment to a ...
Enforcement Directorate seeks information, documents from Amazon amid probe: Source
Enforcement Directorate seeks information, documents from Amazon amid probe: Source
Source: Reuters
12/03/2021 5:46:16 PM
'Local shops on Amazon' gets over 50K retailers onboard E-commerce major Amazon's programme to get onboard small retailers and neighborhood stores, 'Local shops on Amazon', has expanded its network to over 50,000 retailers, said a company statement. The statement said that the total number of sellers on the program have doubled in the last four months and it has expanded to over 450 cities across India. "Launched in April 2020, the Local Shops on Amazon program played a key role in helping sellers across the country sustain ...
'Local shops on Amazon' gets over 50K retailers onboard
'Local shops on Amazon' gets over 50K retailers onboard
Source: IANS
7/03/2021 1:40:57 PM
Indian mobile retailers call for Amazon probe, cap on online smartphone sales NEW DELHI  - An Indian trade group representing 150,000 mobile phone stores on Monday urged Prime Minister Narendra Modi to investigate Amazon's business practices in the country and impose a daily cap on a single seller's online smartphone sales. In a letter sent to Modi, the group cited a Reuters special report published last month that revealed Amazon has for years given preferential treatment to a small group of sellers on its Indian platform, using them to circumvent the ...
Indian mobile retailers call for Amazon probe, cap on online smartphone sales
Indian mobile retailers call for Amazon probe, cap on online smartphone sales
Source: Reuters
1/03/2021 5:45:20 PM
President Joe Biden urges workers to `Make your voice heard` as Amazon employees vote on union WASHINGTON - President Joe Biden defended workers' rights to form unions and warned against intimidation of workers in a video posted on Twitter on Sunday night, as Amazon.com Inc employees in Alabama vote on whether to unionize. Biden didn't mention Amazon, but specifically referenced "workers in Alabama" in the video and a tweet introducing it. He said every worker should have a free and fair choice to join a union, and no employer could take that away. "It's y...
President Joe Biden urges workers to `Make your voice heard` as Amazon employees vote on union
President Joe Biden urges workers to `Make your voice heard` as Amazon employees vote on union
Source: Reuters
1/03/2021 10:25:22 AM
Flipkart plans to deploy 25K EVs by 2030 A day after Amazon India said it has deployed nearly 100 Mahindra Treo Zor three-wheelers, e-commerce marketplace Flipkart on Wednesday said it will deploy more than 25,000 electric vehicles in its supply chain by 2030. Flipkart said it has already started piloting and deploying two-wheeler and three-wheeler electric vehicles in multiple locations for delivery across the country, including in Delhi, Bengaluru, Hyderabad, Kolkata, Guwahati and Pune, to name a few. In 2020, Amazon India h...
Flipkart plans to deploy 25K EVs by 2030
Flipkart plans to deploy 25K EVs by 2030
Source: IANS
24/02/2021 1:57:54 PM
Mahindra & Mahindra rides high after its arm partners with Amazon India Mahindra & Mahindra is currently trading at Rs. 841.55, up by 4.65 points or 0.56% from its previous closing of Rs. 836.90 on the BSE. The scrip opened at Rs. 840.00 and has touched a high and low of Rs. 856.80 and Rs. 819.65 respectively. So far 372306 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 952.15 on 08-Feb-2021 and a 52 week low of Rs. 245.80 on 25-Mar-2020. Last one week high and low of the scrip...
Mahindra & Mahindra rides high after its arm partners with Amazon India
Mahindra & Mahindra rides high after its arm partners with Amazon India
Source: Accord Fintech
23/02/2021 2:01:59 PM
Mahindra electric vehicles to power Amazon India deliveries BENGALURU - Amazon.com Inc's Indian unit said on Tuesday it will deploy close to a hundred electric three-wheeler vehicles made by Mahindra Electric in seven cities across the country. The move will help Amazon India meet its target of employing 10,000 electric vehicles in its fleet of delivery vehicles by 2025, as announced by the company in January last year. Mahindra Electric's "Treo Zor", a three-wheeler vehicle powered by a lithium-ion battery, has been deployed i...
Mahindra electric vehicles to power Amazon India deliveries
Mahindra electric vehicles to power Amazon India deliveries
Source: Reuters
23/02/2021 11:35:42 AM
Supreme Court on Amazon: Proceedings before NCLT not to culminate in sanction of scheme  The Supreme Court has sought a response from Future Retail Limited in plea by Amazon Investment Holdings challenging the Delhi High Court order which had stayed the implementation of status quo direction passed by single-judge of the High Court with respect to the Future- Reliance deal, Bar and Bench reported. A bench headed by Justice Rohinton Nariman also ordered that while the proceedings before National Company Law Tribunal (NCLT) can go on, it should not culminate in any final o...
Supreme Court on Amazon: Proceedings before NCLT not to culminate in sanction of scheme
Supreme Court on Amazon: Proceedings before NCLT not to culminate in sanction of scheme
Source: IANS
22/02/2021 12:11:03 PM
Enforcement Directorate to examine documents to see if Amazon dodged regulators Spelling more trouble for e-commerce giant Amazon, the Enforcement Directorate (ED) will examine its documents over allegations that it dodged India's regulators, sources said on Friday. An ED source related to the development told IANS, "We will examine the documents of Amazon, as it has been alleged that it favoured big sellers on its India platform, and used them to maneuver around rules meant to protect the country's small retailers from getting crushed by e-commerce giant...
Enforcement Directorate to examine documents to see if Amazon dodged regulators
Enforcement Directorate to examine documents to see if Amazon dodged regulators
Source: IANS
20/02/2021 10:52:25 AM
Amazon acquires e-commerce enabler Selz  Amazon has quietly acquired Selz, an Australia-based e-commerce platform that helps businesses to have their own online stores. "We have signed an agreement to be acquired by Amazon and are looking forward to working with them as we continue to build easy-to-use tools for entrepreneurs," Martin Rushe, CEO and Founder of Selz, said in a blog post. "Nothing is changing for our customers at this time, and we'll be in touch with customers as and when we have further...
Amazon acquires e-commerce enabler Selz
Amazon acquires e-commerce enabler Selz
Source: IANS
17/02/2021 5:27:55 PM
Bezos back as world's richest man as Musk loses $4.6B Amazon Founder Jeff Bezos is back as the world's richest person after Tesla shares fell, resulting in a slight erosion in Elon Musk' wealth. Tesla shares were down 2.4 per cent on Tuesday and Musk lost $4.6 billion, slipping to the second position on the Bloomberg Billionaires Index, a ranking of the world's 500 wealthiest people. Bezos returned as the world's richest man with a net worth of $191.2 billion. Last month, Musk became the world's richest person, as hi...
Bezos back as world's richest man as Musk loses $4.6B
Bezos back as world's richest man as Musk loses $4.6B
Source: IANS
17/02/2021 10:12:01 AM
Amazon says to make TV streaming device in India NEW DELHI  - Amazon.com Inc will start making its TV streaming device in India this year via a unit of Taiwanese contract manufacturer Foxconn, the U.S. online retail giant said on Tuesday. The move marks Amazon's first foray into making its devices in India, which is working to boost local electronics manufacturing.
Amazon says to make TV streaming device in India
Amazon says to make TV streaming device in India
Source: Reuters
16/02/2021 2:49:41 PM
Exclusive-Amazon orders hundreds of trucks that run on natural gas Amazon.com Inc has ordered hundreds of trucks that run on compressed natural gas as it tests ways to shift its U.S. fleet away from heavier polluting trucks, the company told Reuters on Friday. The coronavirus pandemic caused delivery activity to surge in 2020, with truck volumes exceeding 2019 levels on average while passenger car traffic fell. But that increase in road activity means more pollution, as heavier-duty trucks emit higher levels of greenhouse gases than passenger vehicles. ...
Exclusive-Amazon orders hundreds of trucks that run on natural gas
Exclusive-Amazon orders hundreds of trucks that run on natural gas
Source: Reuters
7/02/2021 9:36:05 AM
Amazon loses bid to stop union vote at US warehouse Amazon's bid to postpone a union vote at a warehouse in the US state of Alabama has been rejected by the country's National Labor Relations Board (NLRB), clearing the way for 6,000 workers to decide whether to form a union. Amazon appealed last month to prevent a mail-in vote by the warehouse workers on whether to join the Retail, Wholesale and Department Store Union. The NLRB, in its ruling, said that Amazon's appeal raised "no substantial issues warranting review,&quo...
Amazon loses bid to stop union vote at US warehouse
Amazon loses bid to stop union vote at US warehouse
Source: IANS
6/02/2021 5:37:28 PM
Amazon plans AI-powered cameras in delivery vans to improve driver safety  Amazon.com has revealed plans to install AI-powered video cameras in its branded delivery vans, in a move that the world's largest e-commerce firm says would improve safety of both drivers and the communities in which they deliver. The company recently started rolling out camera-based safety technology across its delivery fleet, it said in an emailed statement on Wednesday. "This technology will provide drivers real-time alerts to help them stay safe when they are on the ...
Amazon plans AI-powered cameras in delivery vans to improve driver safety
Amazon plans AI-powered cameras in delivery vans to improve driver safety
Source: Reuters
4/02/2021 11:25:51 AM
Wall Street jumps ahead of Amazon, Alphabet results; stimulus in focus  U.S. stock indexes jumped more than 1.5% on Tuesday with Amazon and Google-parent Alphabet set to wrap up results from the so-called FAANG group of stocks, while signs on progress on a large fiscal pandemic relief package also lifted the mood. Alphabet, which will report the cost and operating profit of its Google Cloud business for the first time, added 1.5%, while retail behemoth Amazon.com Inc rose 1.4%. Shares of both the companies, set to report their fourth-quarter earnings ...
Wall Street jumps ahead of Amazon, Alphabet results; stimulus in focus
Wall Street jumps ahead of Amazon, Alphabet results; stimulus in focus
Source: Reuters
3/02/2021 10:21:53 AM
Amazon`s Bezos to step down from CEO role in third quarter Amazon.com Inc on Tuesday beat estimates for holiday-quarter sales and said Jeff Bezos would move to the role of executive chair in the third quarter and be replaced by Amazon Web Services head Andy Jassy as chief executive officer. Net sales rose to $125.56 billion in the fourth quarter ended Dec. 31 from $87.44 billion, beating estimates of $119.7 billion, according to IBES data from Refinitiv. Amazon was forced to move its two-day shopping event Prime Day, typically in July, to early...
Amazon`s Bezos to step down from CEO role in third quarter
Amazon`s Bezos to step down from CEO role in third quarter
Source: Reuters
3/02/2021 9:04:54 AM
Delhi High Court gives interim relief to Amazon in dispute with Future Group NEW DELHI  - India's Future Group needs to maintain status quo with respect to its $3.4 billion retail assets deal, the Delhi High Court said on Tuesday, giving interim relief to Amazon.com Inc as it battles to foil Future Group's asset sales to a rival. Amazon, locked in protracted legal disputes with Future, alleges the Indian firm violated contracts by agreeing to sell its retail assets to rival Reliance Industries last year. Future denies any wrongdoing. A judge hearing...
Delhi High Court gives interim relief to Amazon in dispute with Future Group
Delhi High Court gives interim relief to Amazon in dispute with Future Group
Source: Reuters
2/02/2021 5:23:33 PM
Fire TV users doubled content streaming in 2020 ~ Amazon With people spending more time at home, total hours spent by active customers on Fire TV devices more than doubled in 2020, Amazon said on Sunday. Moreover, customers spent more than three hours per day on their Fire TV devices through 2020, it said. Fire TV customers welcomed the season 2 of the popular Prime Video original "Mirzapur", with over 50 per cent of them completing the new season within 48 hours of its release, showed that data. In an indication that customers a...
Fire TV users doubled content streaming in 2020 ~ Amazon
Fire TV users doubled content streaming in 2020 ~ Amazon
Source: IANS
1/02/2021 9:32:38 AM
Amazon expands regional reach with services for sellers in Kannada Amazon on Sunday announced that sellers will be able to register on the Amazon.in marketplace and manage their online business in Kannada. This includes everything from registering as an Amazon seller for the first time, to managing orders, inventory management and accessing performance metrics -- all in the language of their preference. "This experience has been made available on the Amazon seller website as well as on the mobile app. Amazon also provides Seller Support Services a...
Amazon expands regional reach with services for sellers in Kannada
Amazon expands regional reach with services for sellers in Kannada
Source: IANS
31/01/2021 5:34:40 PM