Amazon
- Business
Amazon posts USD 6.7 bn in net income, AWS biz grows 12 percent
San Francisco: Amazon posted strong financial results for its second quarter ended June 30, with net sales increasing 11 per cent to $134.4 billion and net income at $6.7 billion, compared with…
- India
Government likely to come out with draft e-commerce policy soon
New Delhi: The government is likely to come out with the draft of the much awaited e-commerce policy soon. The prospects of the policy being unveiled soon looked brighter as Commerce Minister…
- Kashmir
Amazon India announces first-ever floating store on Dal Lake
New Delhi: Amazon India on Thursday announced its first-ever floating store on Dal Lake in Srinagar, Kashmir, as part of its last-mile delivery programme “I Have Space”. Murtaza Khan Kashi, owner of…
- Technology
FTC’s Lina Khan prepares huge lawsuit to ‘break up’ Amazon
San Francisco: The Lina Khan-led Federal Trade Commission (FTC) in the US is reportedly finalising a massive antitrust lawsuit against Amazon, a move that could break up parts of the e-commerce giant.…
- Business
Amazon takes on Musk with $120 mn facility for Project Kuiper satellites
San Francisco, July 22 (IANS) Amazon has announced it is building a $120 million facility for its Project Kuiper satellites in the US, as it aims to catch up with its arch…
- Business
Apple, Amazon fined $218 mn in Spain for restricting competition
London: Amazon and Apple have been fined a total of $218 million in Spain for allegedly restricting competition around the reselling and marketing of Apple products on the e-commerce giant’s e-commerce marketplace…
- Business
‘Magnificent 7’ stocks account for half of US GDP
New Delhi: Seven stocks, making up close to $11tn in market capitalisation today, contributed 73 per cent of returns of the S&P 500 in the first half of 2023, a crescendo to…
- Technology
Ex-Amazon cybersecurity professional accused of stealing $9 mn in crypto
San Francisco: Shakeeb Ahmed, a former senior security engineer at Amazon, has been accused in the US of hacking a famous cryptocurrency exchange and stealing around $9 million in crypto. The US…
- Technology
Amazon plans to unveil new devices in September
San Francisco: Amazon Devices & Services is planning to unveil its new products on September 20 at its second headquarters, also known as HQ2, in the US. “The Devices & Services team…
- Technology
Amazon introduces new product customisation feature in India
New Delhi: Amazon India on Tuesday introduced a new free self-serve product customisation feature “Customise Your Product”. The new feature is now available across a wide selection of more than 10,000 products…
- Business
US regulator gives nod to Amazon’s $1.7bn iRobot acquisition
San Francisco: The UK’s antitrust regulator has cleared Amazon’s proposed $1.7 billion acquisition of iRobot, which designs and builds consumer robots, including robot vacuum cleaners sold under the ‘Roomba’ brand. The Competition…
- Technology
‘Hey Disney!’ voice assistant now available for Echo devices in US
San Francisco: Amazon and Disney have announced that the new voice assistant ‘Hey Disney!’ is now officially available for Echo devices in the US. The new voice assistant is built on Alexa…
- Technology
Amazon may launch ad-supported tier of Prime Video
San Francisco: Amazon is reportedly planning to launch an advertising-supported tier of its streaming platform ‘Prime Video’ as it aims to expand its ad business and increase revenue from entertainment. According to…
- Technology
itel’s new flagship smartphone ‘itel S23’ to launch on June 9 exclusively on Amazon
New Delhi: itel Mobile India on Wednesday announced that it is set to launch its highly anticipated flagship smartphone “itel S23” on June 9 exclusively on Amazon. “Mark your calendars for 09…
- Technology
Hundreds join Amazon walkout at HQ over return to work policy
San Francisco: Hundreds of Amazon employees staged a walkout at the company’s headquarters in Seattle over the company’s return-to-work policy and its lack of progress on climate change initiatives. According to GeekWire,…