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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...

Amazon to invest US$ 5 bn for 2 new headquarters in NYC, Virginia

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...

Amazon reports US$ 56.6 bn revenue in Q3

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$...

Amazon invests US $400 million more in its Indian arms

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,...

Amazon CEO becomes world’s richest man

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...

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...

Amazon invests Rs 2,600 crore more in India to take on Walmart

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...

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...

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...

Amazon founder becomes richest person in the world

The uptick Amazon shares registered on Wall Street this Friday has directly affected the fortune of its founder, Jeff Bezos, who immediately replaced Microsoft co-founder Bill Gates as the richest person in the world. Two hours after the stock market...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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