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  • UK Chancellor Rishi Sunak drawn into in-law Narayana Murthy Amazon tax dispute Jun 14, 2021 05:32 PM IST

    UK Chancellor Rishi Sunak drawn into in-law Narayana Murthy Amazon tax dispute

    Amazon reportedly developed independent sellers such as Cloudtail, as 'special merchant' which enjoyed over 35 per cent of total sales on the platform until 2019.

  • Amazon shareholders reject facial recognition ban as concern grows in US Congress May 23, 2019 05:42 AM IST

    Amazon shareholders reject facial recognition ban as concern grows in US Congress

    In the past year Amazon has found itself at the centre of a growing debate over the use of facial recognition by governments, with critics warning of false matches and arrests and proponents arguing it keeps the public safe. Law enforcement in Oregon and Florida have used Amazon's face and image ID service, known as Rekognition.

  • Jeff Bezos keeps Amazon voting power in divorce settlement Apr 05, 2019 07:35 AM IST

    Jeff Bezos keeps Amazon voting power in divorce settlement

    The world's richest couple had announced their impending divorce in a joint Twitter statement in January, causing some to worry that Jeff Bezos could wind up with less Amazon voting power or that he or MacKenzie would liquidate large positions.

  • India's e-commerce curbs could hit online sales by $46 billion by 2022: PwC draft analysis Jan 17, 2019 03:06 PM IST

    India's e-commerce curbs could hit online sales by $46 billion by 2022: PwC draft analysis

    Under the changes, e-commerce firms in India will from Feb. 1 not be able to sell products via companies in which they have an equity interest or push sellers to sell exclusively on their platforms.

  • Amazon targets airports for checkout-free store expansion Dec 07, 2018 11:58 AM IST

    Amazon targets airports for checkout-free store expansion

    Amazon is evaluating top US airports for new locations, according to public records requests to several airport operators.

  • Amazon briefly edges out Apple for most valuable company Dec 04, 2018 08:04 AM IST

    Amazon briefly edges out Apple for most valuable company

    Amazon rose by 4.7 percent at one point, putting its market capitalisation at $865.0 billion. At the same time, Apple traded up 2.1 percent, giving it a market capitalisation of $864.8 billion.

  • Draft policy expects e-commerce platforms, search engines to store data locally Aug 15, 2018 04:36 PM IST

    Draft policy expects e-commerce platforms, search engines to store data locally

    According to the 19 page draft policy a level playing field needs to be provided to domestic players by ensuring that foreign websites involved in e-commerce transactions from India.

  • Amazon.com's stock market value hits $900 billion, threatens Apple Jul 19, 2018 07:45 AM IST

    Amazon.com's stock market value hits $900 billion, threatens Apple

    After Jeff Bezos founded the online book-selling company in his garage in 1994, Amazon survived the dot-com crisis and then expanded across the retail industry, altering how consumers buy products and setting off a Darwinian struggle among brick-and-mortar stores.

  • Amazon is now second most valuable US-listed company Mar 21, 2018 03:07 PM IST

    Amazon is now second most valuable US-listed company

    Amazon shares finished up 2.69 percent at $1,586.51, for a market capitalisation of $768 billion, underscoring Wall Street's confidence in its relentless expansion into cloud computing, groceries and other new businesses.

  • JPMorgan's Jamie Dimon taking customer pricing hints from Amazon Dec 08, 2017 08:19 AM IST

    JPMorgan's Jamie Dimon taking customer pricing hints from Amazon

    "You are going to see more relationship pricing," Dimon said on a Wells Fargo & Co webcast for its clients. "We give you more if you are at different levels and tiers," he said - for example, some free stock trades. "We may test different types of things."

  • Donald Trump, in tweet, again blasts Amazon over taxes, jobs Aug 16, 2017 04:17 PM IST

    Donald Trump, in tweet, again blasts Amazon over taxes, jobs

    Amazon.com has said that it has more than 50,000 job openings across the United States to help fulfill customer orders and earlier this month hosted multiple job fairs to fill them.

  • Tech CEOs meet with Donald Trump on government overhaul Jun 20, 2017 09:42 AM IST

    Tech CEOs meet with Donald Trump on government overhaul

    The White House wants to update government information technology systems, cut costs, eliminate waste and improve service. Trump on Monday cited estimates that the government could save up to $1 trillion over 10 years through such measures.

  • Analysts see more gains as Amazon shares break $1,000 May 31, 2017 07:35 AM IST

    Analysts see more gains as Amazon shares break $1,000

    Shares of Amazon have risen 33 percent so far in 2017 alone, adding roughly $120 billion to its market value. Priceline was the first S&P 500 stock to hit $1,000, doing so in September 2013. Analysts on average expect Amazon to rise another 10 percent according to the median price target of $1,100.

  • Google shifts mobile focus to apps and digital assistant May 18, 2017 10:01 AM IST

    Google shifts mobile focus to apps and digital assistant

    Addressing an audience of thousands of developers in Mountain View, California, Google executives delivered a broad-based update to their product portfolio which also included a slate of new features for the Google Home speaker, a job search tool and even a set of new virtual reality headsets.

  • Which is India's most valued brand? Find out here May 18, 2017 09:54 AM IST

    Which is India's most valued brand? Find out here

    The second most valued brand in India is mobile operator company Bharti Airtel with valuations of USD 7.7 billion. Life Insurance Corporation of India (LIC) ranks third with USD 6.8 billion.

  • Tantuja ties up with Amazon.com for selling sarees in US Apr 17, 2017 02:27 PM IST

    Tantuja ties up with Amazon.com for selling sarees in US

    Tantuja would now become a seller under Amazon's global selling program covering 10 countries of the world, Swapan Debnath, West Bengal minister of state for handloom and textiles told reporters here today.

  • Bezos is selling $1 billion of Amazon stock a year to fund rocket venture Apr 06, 2017 07:35 AM IST

    Bezos is selling $1 billion of Amazon stock a year to fund rocket venture

    Blue Origin had hoped to begin test flights with company pilots and engineers in 2017, but that probably will not happen until next year, Bezos told reporters at the annual U.S. Space Symposium in Colorado Springs.

  • India privately took Amazon to task over insulting flag doormat Mar 31, 2017 09:09 AM IST

    India privately took Amazon to task over insulting flag doormat

    Foreign minister Sushma Swaraj publicly threatened in January to rescind visas of Amazon employees if the doormats were not removed from its Canadian website.

  • JC Penney may cut outsourcing to India; plans insourcing instead Feb 22, 2017 04:00 PM IST

    JC Penney may cut outsourcing to India; plans insourcing instead

    The retailer‘s announcement comes as a hard rap on the knuckles of Indian IT industry, which was already reeling under global gloom in the sector.

  • US employment growth seen strong in December, wages up Jan 06, 2017 11:59 AM IST

    US employment growth seen strong in December, wages up

    Nonfarm payrolls probably increased by 178,000 jobs last month after a similar rise in November, according to a Reuters survey of economists. The unemployment rate is forecast ticking up to 4.7 percent from a nine-year low of 4.6 percent in November.

  • Bill Gates starts $1 billion tech fund on climate change Dec 13, 2016 10:11 AM IST

    Bill Gates starts $1 billion tech fund on climate change

    Gates launched the Breakthrough Energy Ventures fund on Monday along with billionaire entrepreneurs such as Facebook Inc head Mark Zuckerberg, Alibaba Group Holding Ltd Chairman Jack Ma and Amazon.com chief Jeff Bezos.

  • Flipkart eyes groceries; renewed push in furniture Nov 21, 2016 07:56 AM IST

    Flipkart eyes groceries; renewed push in furniture

    Flipkart Chief Executive Binny Bansal said the home-grown e-commerce player plans to begin experimenting with grocery sales next year and scale up operations over a three year period.

  • Amazon‘s India investment commitment on track: Amit Agarwal Nov 01, 2016 08:22 AM IST

    Amazon‘s India investment commitment on track: Amit Agarwal

    After Amazon.com‘s chief financial officer Brian Olsavsky said last week that even though the company‘s investments into its Indian arm have started to show results they hit the US parent‘s margins, Amazon India‘s chief Amit Agarwal has said that that Amazon‘s investments into India will continue as planned.

  • Google rebrands cloud business,adds more artificial intelligence Sep 30, 2016 08:18 AM IST

    Google rebrands cloud business,adds more artificial intelligence

    Discussing the rebranded Google Cloud, Diane Greene, senior vice president of Google's enterprise business, said the company has made good progress courting customers and improving its technology.

  • Amazon to unveil private labels, including in food and diapers May 16, 2016 11:07 AM IST

    Amazon to unveil private labels, including in food and diapers

    The new brands called Happy Belly, Wickedly Prime and Mama Bear will include nuts, spices, tea, coffee, baby food and vitamins, the newspaper reported. There will also be household items such as diaper and laundry detergents.

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