Jeff Bezos
Retail
After record FDI in 2018, retail sector gears up for more M&As in new year
With the lines getting blurred between organised brick-and-mortar model and new-age online platforms, retail sector is ending the year 2018 with a record level of FDI and is gearing up for more mergers and acquisitions, partnerships and other deals...
Retail
Amazon in talks to buy 9.5 percent stake in Kishore Biyani-led Future Retail
Online retailer Amazon is in advanced stage of talks to buy around 9.5 percent stake in Kishore Biyani-led Future Retail, according to sources close to PTI.According to a PTI report: A final shape to an agreement between the two...
International News
Amazon to invest US$ 5 bn for 2 new headquarters in NYC, Virginia
IANS -
Amazon on Tuesday announced it will invest US$ 5 billion to build two new headquarters in New York City and Arlington, Virginia.The move will create more than 50,000 jobs across the two new headquarters locations, with more than 25,000...
International News
Amazon reports US$ 56.6 bn revenue in Q3
IANS -
Riding on its Cloud business, retail giant Amazon.com saw its net sales increasing 29 percent to US$ 56.6 billion in the third quarter this year, compared with US$ 43.7 billion in third quarter of 2017.Operating income increased to US$...
Retail
Amazon invests US $400 million more in its Indian arms
IANS -
The US-based world's largest e-tailer Amazon invested an additional US $400 million (Rs 2,700 crore) in two of its Indian subsidiaries, said business intelligence platform Paper.vc on Monday."Our tally of Amazon's total investment in its Indian subsidiaries, including this,...
Retail
Amazon CEO becomes world’s richest man
IANS -
Amazon founder and CEO Jeff Bezos has become the richest man in the world with a net wealth of US $141.9 billion, the Forbes World's Billionaires list showed on Monday.Bezos' wealth has grown more than US $5 billion since...
Retail
Progress in India business energising, says Amazon’s Bezos
Amazon Founder and CEO Jeff Bezos on Wednesday said the progress seen in the company's India business within five years of operations is "energising".According to a PTI report: In a letter to customers on Amazon.in's homepage, Bezos said the...
Retail
Amazon invests Rs 2,600 crore more in India to take on Walmart
IANS -
World's largest e-commerce player Amazon has invested an additional Rs 2,600 crore in its India operations ahead of the US retail giant Walmart taking over the country's e-tail major Flipkart."The Amazon board has accorded consent to allot 260 crore...
Retail
Amazon India setting up 5 new warehouses amid intense competition from Flipkart
Amazon on Thursday said it is setting up five more warehouses in as many cities including Bengaluru, Gurgaon and Mumbai, as the global e-tailing giant looks to strengthen its delivery capabilities amid intense competition from rivals like Flipkart.With the...
Retail
Amazon India crosses 3-lakh sellers mark on its marketplace
E-commerce major Amazon.in said it has crossed the 3-lakh seller base in less than five years of the company's operations in India. Of this, one lakh new merchants were on-boarded in seven months.According to a PTI report: Amazon, which...
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Latest News
Chai Sutta Bar opens 2 outlets in Bengaluru
The newly launched CSB outlets are located at Kalyan Nagar and NagarbhaviBengaluru: Quick service restaurant (QSR) chain Chai Sutta...
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