Page 16 - Amazon

Apple becomes latest major tech company to rein in hiring, spending plans

The iPhone maker is looking to limit expenditures and job growth at some of its divisions, Bloomberg reported Monday, though Apple hasn't adopted a companywide policy

Hyderabad- based Greenko to offer energy storage through a cloud platform

Storage to be open access for any consumer to use, can own and invest in green energy projects

BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr

BigBasket expects GMV to grow 30% to Rs 13,000 cr in FY23 with quick commerce push; will scale up offline stores from 90 to 695 in a year, will double footprint to 70 cities

Amazon-backed Tonal cuts 35% workforce to trim expenses, readjust to demand

Amazon-backed connected fitness equipment maker Tonal is reportedly cutting 35 per cent of its workforce, affecting all levels of its business

New Amazon shopping cart lets users scan & pay to skip checkout lines

The Dash Cart screen will now display images of fresh items nearby, like produce, for shoppers to choose from, or shoppers can type in the item name instead of a four-digit PLU code

E-commerce giants offer tech-friendly policies to woo offline sellers

They are offering new-age tech based products such as AI-led cataloguing, coupled with easy settlements and attractive platform fees that enable ease of doing business

RBI clears payment aggregator licence for Razorpay, PineLabs & Stripe

Payment aggregators enable e-commerce sites and merchants to accept payment instruments from customers without the need for merchants to create their own payment integration system

Amazon faces investigation by UK's watchdog over anti-competitive concerns

Britain's competition watchdog is investigating whether Amazon is harming competition and hurting consumers by giving an unfair advantage to merchants that pay for extra services. The Competition and Markets Authority's formal investigation said Wednesday that it will look into concerns that the ecommerce giant is abusing its dominance to undermine rivals, echoing similar investigations carried out by the European Union's executive Commission and Germany's antitrust agency. Amazon said it will work closely with the CMA during the investigation. We believe we've always worked hard to help small businesses selling on Amazon to succeed, which is in both their and our best interests," the company said. We remain proud of the continued support we provide to businesses of all sizes across the U.K." While Amazon supplies some of the products that it sells online, many others are from third-party merchants and retailers, and provides them with essential services to make sales. The Market

Amazon India to host Prime Day sale event on July 23-24, offer new products

Small and medium businesses will offer more than 2,000 products, says company

Amazon letter accuses Future group of fraud, seeks forensic audit

E-commerce giant writes letter to retail chain's independent directors, seeks independent probe of dealings with RIL

Amazon unveils 1st fleet of e-cargo bikes for sustainable deliveries in UK

With an aim to offer more sustainable deliveries, tech giant Amazon has launched its first UK micromobility hub in Central London

Musk, Bezos lose $60 bn of their wealth in first six months of 2022

Despite losing $61.8 billion, Elon Musk has the biggest fortune with $208.5 billion

Road fuel demand peaks in 2027

In just five years from now, global road fuel demand is seen peaking

Is the time ripe for consolidation among new-age technology companies?

A rise in cost of capital has already weighed on the related stocks all across the globe over the past few months

SIAC dismisses Future Group's plea to terminate arbitration proceedings

The order said that there is no ground for the termination of the proceedings under Section 32 of the Arbitration Act

Tata group's Infopark Properties raises Rs 1,900 cr via zero coupon bonds

Infopark Properties will own 100% of shareholding in TRIL Infopark Ltd which operates the asset Intellion Park, Chennai, spread over an area of 4.6 mn sq ft

Future Retail: NCLT reserves order on Amazon petition against BoI's plea

The National Company Law Tribunal (NCLT) on Monday reserved its order on the petition filed by Amazon opposing Bank of India's plea to initiate insolvency resolution proceedings against Future Retail

ONDC a fascinating idea; excited about prospects: Amazon India senior exec

'Amazon is looking forward to innovations, which will lift all boats in the ecosystem and bring more buyers and sellers online, as it focuses on serving the next 500 million customers'

Amazon Prime Video partners with AMC Networks for content in India

Amazon Prime video will provide access to advertisement-free subscription service AMC+ and AMC's streaming service Acorn TV on Prime Video Channels in India on a subscription basis

Amazon's Alexa to mimic deceased person's voice using pre-recorded audio

The way we made it happen is by framing the problem as a voice conversion task and not a speech generation path: Rohit Prasad, Amazon's Senior Vice President