Page 25 - Amazon

Visa, Amazon reach global deal over payment fees

This agreement includes the acceptance of Visa at all Amazon stores and sites

Vaccinated warehouse workers can now work unmasked, says Amazon

The company is rolling back a mask requirement it put back into effect during the Omicron surge in December

Delhi HC to hear Amazon-Future cases over deal with Reliance on Feb 24

The Supreme Court had set aside the high court's order of February 2 last year, by which it had directed FRL to maintain the status quo concerning the merger deal

Amazon's cumulative product shipments from India touch $3 billion

E-commerce firm Amazon has facilitated shipment of products worth USD 3 billion from India in about six years' time, a senior company official said on Wednesday. The company has set target to enable exports worth USD 10 billion from India by 2025. "We look at a billion dollars as yardstick to measure how a certain program within Amazon is growing. On export, it took as 3 years to get first billion dollar, 18 months to get to second and 12 months to get the third billion dollar. This is all Made in India product," Amazon India Director for Global Trade Abhijit Kamra said. The company has started onboarding exporters and start-ups under the Amazon Global Selling Propel (AGSP) program which it started last year to groom the firms as well as support them in scaling up their business. The company has launched season 2 of its Propel Startup Accelerator program aimed at boosting exports and creating global brands from India. The company will select emerging brands and start-ups from Indi

SC notice to Future Group on Amazon plea against stay on int'l arbitration

The matter, adjourned till Feb 23, was heard by CJI N V Ramana, two other judges; SC had on Tuesday rejected Amazon' petition to file a seven-page written submission

FRL-Reliance merger: SC notice to Future group on plea of Amazon

A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms and listed the plea for hearing on February 23.

Maharashtra hopes to persuade Amazon, Uber, others to go electric faster

The push comes weeks after India's capital, New Delhi, issued strict draft rules for companies to get a licence on condition that a certain percentage of their new fleet is electric.

SC rejects Amazon's request to file fresh written submission

Move comes five days after apex court reserved its order on Future Group's plea to go ahead with NCLT proceedings for proposed deal between Future Group and Reliance Industries

Peloton co-founder steps down after rough ride; ex-Spotify CFO takes charge

Barry McCarthy, who served as CFO at Spotify as well as at Netflix, will take over the CEO position

Delhi HC to hear all pending Amazon, Future Group pleas together on Friday

The Delhi High Court on Tuesday said it will club together and hear all the pending petitions related to the Amazon and Future dispute in connection with the 2019 deal between the firms

SC denies nod to Amazon to file written note in case filed by Future Retail

The bench rejected the submissions saying that the argument seemed to be that the oral submissions have to be given in writing as well

NCLAT will hear Amazon's interim plea on CCI order on February 14

A three-member bench on Monday directed to list Amazon's plea on February 14 to pass an interim order and stay the operations of order passed by CCI in December last year

Amazon surges with record $190 billion gain in value, shares jump 13.5%

Shares of the online retail and cloud computing giant surged 13.5% on Friday following its blowout quarterly report

Amazon surges $135 billion in biggest boost to market value ever

Bezos pockets about $20 bn; e-commerce giant lifts veil off YouTube-sized advertising business, hikes Prime membership fee in US, citing rising wages, costs

Bitcoin, Ether advance as Amazon share surge buoys tech stocks

Bitcoin rose as much as 3.4% to $38,221, while Ether rallied as much as 7.1% to $2,850.

Meta stock drops 26% in a day, Mark Zuckerberg's wealth down by $29 bn

Meta stock has dropped by more than $200 bn in the biggest single day market value wipeout for a US company; Jeff Bezos, meanwhile, added $20 bn to wealth on Amazon's blockbuster earnings

Amazon unveils advertising business larger than Google's YouTube

Amazon reported ad revenue of $9.7 billion for the fourth quarter, up 32% from last year

Amazon helps stocks steady but prospects for rate hikes loom over markets

MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.4%, led by a 1.5% rise for the Hang Seng index in its first day of trading after this week's Lunar New Year holidays.

High attrition, employee cost casts spell on IT stks; buy on dips: Analysts

The nervousness in the IT stocks, analysts believe, is on account of rising employee costs at a time the business growth has been modest year-on-year in the December 2021 quarter (Q3FY22)

Future Retail asks SC two weeks' time to arrive at a solution with lenders

FRL's council had argued in court that it needed some time, and should its merger deal with Reliance Group come through, it could service all debt