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Amazon searches for second headquarters in North America

Online retailer Amazon said that it plans to open a second company headquarters in North America, which will be a full equal to its Seattle headquarters. The company plans to invest more than US $5 billion in construction and expects...

Zara founder Amancio Ortega beats Bill Gates to become world's richest man

Amancio Ortega, co-founder of Spanish retailing giant Inditex, is now the richest person on the planet, with a US $200 million edge over previous leader Bill Gates, Forbes reported. Ortega, 81, founder of Zara parent Inditex S.A. and Europe’s wealthiest...

Trump accuses Amazon of harming retailers across US

US President Donald Trump slammed Amazon.com, Inc., saying the e-commerce titan was harming physical retailers and triggering job losses nationwide, media reports said. "Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the US are...

Amazon infuses another Rs 1,680 crore in India

Amazon has infused another Rs 1,680 crore into its Indian marketplace operation – Amazon Seller Services, according to a regulatory filing on Registrar of Companies. Amazon Seller Services Pvt. Ltd (Amazon India) received the funds last month. In June 2016, Amazon.com...

Excited to keep investing, growing in India: Jeff Bezos

American online retail giant Amazon, which has committed investments to the tune of US $5 billion in India, will "keep investing and growing in India," its chief Jeff Bezos has said. After his meeting with Prime Minister Narendra Modi, Bezos...

Amazon to buy Whole Foods for US $13.7 billion

Online retail giant Amazon announced on Friday that it had reached a definitive agreement to acquire Whole Foods Market for US $13.7 billion. In a news release, Amazon said it would acquire the upscale supermarket chain for US $42 a...

Amazon to continue investing in infra, innovation in India

Amazon will continue to invest in India in expanding infrastructure and bringing in solutions that enhance consumer and seller experience as the US-based e-commerce major looks to overtake local rival, Flipkart. According to a PTI report: Amazon, which has completed...

Amazon.in to double storage capacity, add 5,000 new jobs in 2017

E-commerce company Amazon.in on Tuesday said it is set to double its storage capacity with the addition of 14 new fulfilment centres (FCs) in 2017 in India, including the recently announced seven specialised ones for large appliances and furniture. The...

Snapdeal board meeting to discuss selling out to Flipkart

The board of Snapdeal is expected to meet on Tuesday to discuss the potential sale of India's third largest e-commerce firm to larger rival Flipkart. Also, on the agenda will be getting Nexus Venture Partners (NVP), an early investor in...

Amazon top site in India, will keep investing in tech and infra: Jeff Bezos

Banking on the e-commerce proliferation in India, Amazon founder and CEO Jeff Bezos assured people that the company will keep investing in technology and infrastructure in the country. "We're grateful that customers are responding -- Amazon.in is the most visited...
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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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