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Amazon India Head Amit Agarwal Promoted as SVP

17Mar By PriyankaNo Comments

News

Amazon India Head Amit Agarwal Promoted as SVP

Amazon India head Amit Agarwal has been elevated to the post of Senior Vice President, Amazon. The company confirmed the development in an emailed statement. "This indicates how excited Amazon is about the progress the company is making in India and the opportunity Amazon sees ahead," it added. The promotion comes within a year of Agarwals inclusion in a senior leadership team that reports directly to Amazon CEO and President Jeff Bezos. Agarwal will continue to head the India operations. Amazon, which has committed investments to the tune of USD 5 billion, remains one of the fastest growing for the US-based e-tailer. The company faces intense competition in India from local player, Flipkart. The competition is further heating up as Chinese e-tailer Alibaba gears up for a stron...

Amazon Founder Bezos Invested in Biotechnology Company Unity

30Oct By NitishNo Comments

FUNDING

Amazon Founder Bezos Invested in Biotechnology Company Unity

UNITY Biotechnology known as Unity today announced the closing of a $116 million Series B financing from Bezos Expeditions (the investment vehicle of Jeff Bezos) and existing investors WuXi PharmaTech and Mayo Clinic Ventures. ARCH Venture Partners, Baillie Gifford, Fidelity Management and Research Company, Partner Fund Management, Venrock and other investors was also participated in this round. The funding will be used to expand ongoing research programs in cellular senescence and advance the first preclinical programs into human trials. Unity is a privately held biotechnology company creating therapeutics that prevent, halt, or reverse numerous diseases of aging. The company also announced that Keith Leonard, 25-year biotech industry veteran and current executive chairman, will ...

Amazon’s Jeff Bezos Unveils New Rocket to Compete With SpaceX

13Sep By reutersNo Comments

News

Amazon’s Jeff Bezos Unveils New Rocket to Compete With SpaceX

Jeff Bezos on Monday unveiled a heavy-lift reusable rocket expected to compete against Elon Musk's SpaceX and other companies for commercial satellite launches before the end of the decade. Bezos' Kent, Washington-based Blue Origin space company is designing two versions of the rocket, named New Glenn, a nod to John Glenn, the first American to orbit Earth and the last surviving member of NASA's original Mercury Seven astronauts. "New Glenn is designed to launch commercial satellites and to fly humans into space," Bezos, also the founder and chief executive of Amazon.com, said in a statement emailed to Reuters on Monday. Both versions of New Glenn will use a first stage powered by seven methane-burning BE-4 engines. The company is building a launch site and test facility at Cape C...

8Jun By PriyankaNo Comments

News

Amazon Will Invest $5 Billion in India

Amazon will invest an additional USD 3 billion in its India operations to take its investment in the country to over USD 5 billion, the American e-commerce giants founder and CEO Jeff Bezos said today. Bezos said this at an event here attended by Prime Minister Narendra Modi. "Amazon will invest USD 3 billion more in India. This is in addition to the USD 2 billion announced in 2014," Bezos said at the annual gala of US India Business Council (USIBC). "We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy," Bezos said. "Our Amazon.in team is surpassing even our most ambitious planned milestones...," Bezos said after receiving USIBCs Global Leadership Awards. Star India, a subsidiary of 21st Century Fox, also said it will in...

Worried Analysts Question Amazon’s Logistics Plans

29Jan By AnkitaNo Comments

News

Worried Analysts Question Amazon’s Logistics Plans

In the wake of Amazon.com Inc's disappointing financial results that sent shares plunging Thursday, analysts blamed rising costs to deliver goods, which increased to $4.5 billion in the quarter, up 24.4 percent from the same quarter last year. And they sharply questioned the company's plans to continue to make heavy investments in logistics, even at the expense of profits. They wondered why it was planning to buy more assets like trucks, and reportedly to lease jets, and worried it planned to spend the money to take on shippers like United Parcel Service Inc. "The so-called (earnings) miss was half fulfillment and half marketing," said Michael Pachter, a managing director of equity research at Wedbush Securities. The growing popularity of Prime, which promises free, two-day del...

Jeff Bezos’ Space Company Blue Origin Successfully Re-flies, Lands Rocket

23Jan By reutersNo Comments

News

Jeff Bezos’ Space Company Blue Origin Successfully Re-flies, Lands Rocket

Amazon founder Jeff Bezos' space transportation company, Blue Origin, successfully launched and landed a suborbital rocket for a second time, a key step in its quest to develop reusable boosters, the company said on Friday. The rocket that flew on Friday was the same vehicle that made a successful test launch and landing two months ago, demonstrating reuse, Bezos said in a statement posted on Blue Origin’s website 10 hours after the flight. “I’m a huge fan of rocket-powered vertical landing,” Bezos wrote. “To achieve our vision of millions of people living and working in space, we will need to build very large rocket boosters. And the vertical landing (system) scales extraordinarily well.” Fellow tech titan Elon Musk’s SpaceX in December successfully returned a rocket to a landing pad...

Jeff Bezos Shows as a Hindu God “Lord Vishnu” on Fortune Magazine Cover, Irks NRI

12Jan By NitishNo Comments

News

Jeff Bezos Shows as a Hindu God “Lord Vishnu” on Fortune Magazine Cover, Irks NRI

In latest issue of Fortune 500 magazine, Jeff Bezos, Amazon CEO portrays as a Hindu god Vishnu on cover page. The move is highly criticized the Indian community in the US over “trivialisation of their venerated deity”. In International edition of the January issue, Fortune Magazine features a story about Amazon’s expansion in India. The titled is ‘Amazon Invades India’ and it explained about how Bezos “aims to conquer the next trillion-dollar market”. An illustration of the Amazon CEO striking a customary form of Vishnu can be seen on the cover. The Fortune cover page has been created by Sydney-based illustrator Nigel Buchanan. His clients include The Wall Street Journal, MTV, The New York Times, etc. Amazon entered Indian e-retail space around three years ago and since then has f...

An Amazonian’s response to “Inside Amazon: Wrestling Big Ideas in a Bruising Workplace”

18Aug By No Comments

BLOGS

An Amazonian’s response to “Inside Amazon: Wrestling Big Ideas in a Bruising Workplace”

Disclaimer and proviso: "The postings on this site are my own and don't represent Amazon's position in any way whatsoever". Update: I really appreciate the notes of thanks this post has received, here and on other social media avenues. If you enjoyed reading it, please share it with others. I tried to post it in the comments section of the New York Times article. I'm sad, but not surprised, to say it was moderated out. Thankfully, in today's day and age, there are other avenues for rebuttal and setting the record straight. Final Update: This article has gotten a lot of attention, and I won't have time to respond to everyone. I want to state - unequivocally so - that NO ONE asked me to write this article, or had any idea that I would write it, or edited/proof-read it prior to it hitting...