Amazon
Amazon’s Q2 net income doubles to $5.2 billion
03 Aug 2020
Amazon to invest $10 bn in Project Kuiper satellite constellation
03 Aug 2020
`Project Kuiper’, a constellation of 3,236 low-earth orbit satellites, will compete with the Starlink network being built by Elon Musk’s SpaceX, which has already launched over 500 satellites of the roughly 12,000 expected for its constellation
Amazon wins stay on $10 bn US military contract for Microsoft
14 Feb 2020
Amazon has alleged vendetta by President Donald Trump to shut it out of the contact and has sought testimony from the President and other top officials on the reasons for awarding the cloud computing contract to Microsoft
Amazon changes tac, talks of creating a million jobs in India
17 Jan 2020
Amazon chief Jeff Bezoz who on Wednesday spoke of investing $1 billion in India, changed tone on Thursday and said the company will create a million jobs in the country by 2025 after India’s commerce minister said Amazon’s investment, which aims at recovering past losses, is no favour for India
CCI probes alleged anti-trust practices by Amazon, Flipkart
14 Jan 2020
The anti-trust regulator has ordered a probe into allegations of exclusive sales, deep discounts and preferential treatment to certain sellers by the two e-commerce firms
Amazon India, Future Retail sign long-term business deal
06 Jan 2020
Under the agreement, Amazon India will become the authorised online sales channel for FRL stores, and FRL will ensure participation of its relevant stores and programmes on the Amazon India marketplace
Govt seeks details of top 5 sellers on Amazon, Flipkart
21 Oct 2019
Traders body CAIT alleges an unholy nexus among e-commerce firms like Amazon and Flipkart, brands, particularly in mobile, FMCG, electronics, electrical appliances, footwear, garments and various banks that tend to distort prices of different products on online portals
Amazon acquires 49% stake in Future Coupons
23 Aug 2019
The move by American giant Amazon to acquire a stake in Future Coupons is heating up the retail scenario in India, especially with Walmart also planning major expansion and Reliance Retail joining hands with small-time retailers
Amazon to acquire 10% stake in Future Retail
13 Aug 2019
Under the agreement, Amazon will have the option to buy more shares from Kishore Biyani, Future Retail’s founder and chairman, giving the US e-commerce firm an edge over rival Flipkart and the planned e-commerce venture of Reliance Retail
Amazon to close its China business, shift focus to India
19 Apr 2019
Amazon will now increasingly focus on the Indian market where it has invested billions in setting up infrastructure, including warehousing facilities
Amazon appoints ex-PepsiCo CEO Indra Nooyi on its board
26 Feb 2019
Nooyi’s appointment as a member of the audit committee on Amazon’s board comes at a time when the online retail giant’s business plans are going awry under India’s new e-commerce policy
Amazon to invest $700 mn in US electric truck start-up Rivian
19 Feb 2019
Amazon is reported to be looking for deals that can speed deliveries to shoppers and has already secured 20,000 Mercedes’ Sprinter vans for delivery contractors, becoming the vehicle maker’s the biggest custome
Amazon set to acquire 9.5% stake in Future Retail for Rs2,000 cr
28 Nov 2018
While the initial investment will be in the form of portfolio investment, a deal could include Amazon buying out Biyani and promoter group’s entire holding in the future, subject to applicable regulations in India, say reports
Amazon to buy 49% in Aditya Birla’s More retail chain in deal with Samara
20 Sep 2018
The recent deals in Indian retail space, including the Walmart-Flipkart deal, are widely seen as the government’s green light for foreign retail giants to establish themselves in India’s $400-billion food and grocery market
Amazon set to challenge Apple with $900-bn market cap
20 Jul 2018
Amazon.com's stock market value reached $900 billion on Wednesday for the first time in 21 years as a listed company, bringing it closer to Apple, Wall Street's most valuable jewel
Amazon CEO Jeff Bezos added $5-bn to his wealth since 1 June: Forbes
19 Jun 2018
Jeff Bezos, the world’s richest man with a net wealth of $141.9 billion, is now $49-billion richer than Microsoft founder Bill Gates and $60-billion richer than Warren Buffett, the founder chairman and CEO of Berkshire Hathaway
Amazon offers to pay employees to quit
24 May 2018
Amazon eyes Future Retail stake as Walmart pockets Flipkart
23 May 2018
Amazon, which lost out to Walmart in acquiring Flipkart, is reported to be in talks to acquire a 10-per cent stake in Future Retail Limited, the company which owns Big Bazaar and Easy Day
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