The software giant Microsoft has reportedly reacquired its position as the second most valuable US company on Friday. This happened after Amazon showed a disappointing quarterly report as the company wiped $65 billion off the online retailer’s market capitalization. The company that tops the list is Apple with over $1 trillion after crossing that threshold […]
The parent company of the photo messaging app Snapchat called Snap Inc has announced the appointment of Amazon’s head of advertising Jeremi Gorman as its chief business officer. Along with him, HuffPost media company Chief Executive Jared Grusd will also join as the chief strategy officer. The moves were disclosed in an internal memo shared by Snap. It was […]
The e-commerce player Amazon has set up captive call centres in India to handle some of its international and domestic customer and seller services. The company has taken a departure from its previous strategy of working purely with business process outsourcing companies. The e-commerce giant is expecting to expand more and more in India. The company […]
Amazon is joining hands with microchip firm Qualcomm for the purpose of spreading the use of Amazon’s Alexa voice assistant in wireless headphones. Following the deal, Qualcomm will release a set of chips that any maker of Bluetooth headphones can use to embed Alexa directly into the device. With this, when the headphones are paired to a phone with […]
The e-commerce giant Amazon is all set to acquire a stake of just under 10% in Kishore Biyani-led Future Retail. The deal is likely to be approved by the latter’s board on October 29. The retail major is expected to pick up shares through the foreign portfolio investors route at a hefty premium to the […]
The retail giant Amazon is continuing to invest considerable capital into its payments arm Amazon Pay, adding Rs 590 crore in the recent infusion. This move comes just before the festival sale of Amazon. With this, Amazon Pay is expected to offer large cashbacks to customers during the upcoming sales to attract more customers. Also, it […]
Amazon has launched its new Fire TV Stick 4K which is an upgraded version of its streaming media stick along with a new Alexa-powered voice remote. The new device is priced at Rs 5,999 in India. It features a quad-core 1.7GHz processor. Along with this, the device comes with support for 4K content, Dolby Vision […]
Amazon has announced that the company is reportedly raising the minimum wage for all its United States employees to $15 which will be effective from next month. The raise is applicable for part-time workers and those hired through temporary agencies. The company mentioned that it would also persuade Washington to raise the federal minimum wage which […]
The retail giant Amazon is prepping up to expand its brick-and-mortar footprint with a new kind of store. The company has planned to launch an “Amazon 4-Star” store in New York today. The store will have all the products that are rated 4 stars and above, are a top seller or are new and trending […]
In the era of growing acquisitions, retail giant Amazon and home-grown equity fund Samara Capital have entered into a deal to acquire Aditya Birla Group’s food and grocery retail chain known as ‘More’. After Future Group’s Big Bazaar, Reliance Retail and DMart, More is the fourth-largest supermarket chain in the country. The two companies acquired […]
The retail giant Amazon has made aggressive plans of launching as many as 3,000 new Amazon Go cashierless stores in the next few years. The people familiar with the development stated that the company plans to open 10 such stores by the end of this year. These stores will further be expanded to 50 locations across major […]
The retail major Amazon is all set to launch the next Amazon Go checkout-free store in Chicago. The new cashierless store will start operating today which is the first to open outside of Seattle. With this opening, the store will make use of proprietary technology made up of hundreds of cameras and sensors to see what customers have taken. The […]