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Amazon CEO lauds India arm in letter to shareholders

India has figured prominently in Amazon Inc. Founder and CEO Jeff Bezos' annual address to shareholders. In his annual letter to shareholders, Bezos pointed out how the company’s India unit is persuading wary small businessmen across the country to sell...

Jeff Bezos defends Amazon culture, blames NY Times

Amazon, for years has faced criticism for its work culture, stressful environment and a squeezing attitude to improve production. Last year, an article in New York Times defined their attitude as a 'hurtful Darwinian setting' where workers are pitted...

Biyani cries consolidation as Flipkart, Snapdeal fight on Twitter

The founders of Flipkart and Snapdeal - the two largest Indian e-commerce retailers - took their online rivalry onto the social media space. The trigger - Chinese e-commerce major Alibaba's entry into India. On Friday evening, Flipkart's Sachin Bansal tweeted:...

Amazon Announces Additional US $2 Billion Investment in India

Amazon has recently announced that it will invest an additional US $2 billion to support its rapid growth and continue to enhance the customer and seller experience in India. Jeff Bezos, founder and CEO of Amazon.com said, "After our first...

Amazon.com announces an increase in second quarter sales

Seattle based Fortune 500 company, Amazon.com, Inc has announced an increase in its net sales from 51 per cent to $9.91 billion in the second quarter ended June 30, 2010, compared with $6.57 billion in second quarter 2010.Operating cash...
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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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