| Amazon India Related news |
Amazon to retrain a third of its US workers as automation advances
Posted on 12th July 2019 |
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Amazon has increasingly turned to robots and automation technology to fetch products from the shelves of its warehouses to ship to customers. Now the company says it needs to help its workers adapt to the rapid change. The e-commerce giant said on Thursday that it planned to spend $700 million to retrain a third of its workers in the United States, an acknowledgment that advances in technology are remaking the role of workers in nearly every industry. |
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Adani's new 'big money maker' plan: Selling data services to Amazon, Google
Posted on 11th July 2019 |
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A string of successful bets on ports, mining and commodities helped transform Gautam Adani from a nondescript diamond trader into a tycoon with a net worth of $10 billion. Now the Indian businessman is setting his sight on what he believes could become another big money maker: Selling data storage services to companies such as Amazon.com Inc. and Alphabet Inc.’s Google. |
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At $993 bn, Amazon just a whisker away from touching $1 trn valuation again
Posted on 11th July 2019 |
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Amazon.com Inc is flirting with a $1 trillion valuation again after posting its longest winning streak since briefly surpassing that level in September. Seven consecutive days of gains have boosted the e-commerce giant’s market value to $993 billion as of Wednesday’s close, according to data compiled by Bloomberg. A gain of less than 1% for the stock would push the market capitalization above the 10-figure mark. |
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IBM closes world's second biggest IT deal to take on Microsoft, Amazon
Posted on 10th July 2019 |
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IBM closed its $34 billion purchase of Red Hat, sealing the world’s second-largest technology deal ever and setting up the iconic U.S. company on a path to try to compete with top software purveyors in the cloud. The 108-year-old International Business Machines Corp., once synonymous with mainframe computing, has been struggling to adopt cloud-related technologies. It’s playing catch-up to market leaders Amazon.com Inc. |
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Amazon is turning 25 - here's a look back at how it changed the world
Posted on 8th July 2019 |
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A quarter of a century ago, on July 5, 1994, a company, which shared a name with the world’s largest river, was incorporated. It sold books to customers who got to its website through a dial-up modem. It wasn’t the first bookstore to sell online. (Books.com launched in 1992.) But it behaved like a local store, whose shopkeeper knew customers by name – a bell even rang in the company’s Seattle headquarters every time an order was placed. |
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Third-party seller: Court ruling against Amazon may kill its business model
Posted on 4th July 2019 |
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A federal court ruling that Amazon.com Inc. can be held liable for a dog collar sold on its website that partly blinded a woman could complicate the online merchant’s business if it is applied broadly. The Third Circuit Court of Appeals, in Philadelphia, overturned a judge’s decision that Amazon was shielded under the Communications Decency Act, which protects online businesses from lawsuits over the postings of their users. |
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Amazon to hire 2,000 techies in UK for new ventures
Posted on 3rd July 2019 |
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Amazon.com Inc. is set to hire more than 2,000 workers in the U.K., including engineers, software developers and data scientists, to develop its latest technology ventures. The Seattle-based tech giant’s U.K. workforce will total almost 30,000 people by the end of the year, and will include cloud and machine learning experts, corporate roles and fulfillment and delivery workers, the company said Wednesday in a statement. |
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Sarees to shawls: Soon, ethnic merchandise to be sold globally via Amazon
Posted on 29th June 2019 |
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Amazon on Friday said it partnered the Tribal Cooperative Marketing Development Federation of India (TRIFED) to take tribal products to global customers. TRIFED is the apex organisation under the ministry of tribal affairs, and the partnership will expand presence of TRIFED’s brand ‘Tribes India’ to Amazon users in 190 countries. |
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Amazon doubles down on its offline stores, launches new in-store pickup facility
Posted on 27th June 2019 |
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Amazon.com has steadily added options for customers to receive their packages including in car trunks, inside home garages and potentially by drone. On Thursday, Amazon added another alternative for U.S. customers: Walk into a nearby retailer and pick up an Amazon package over the counter. The new option, called Counter, will launch with pharmacy Rite Aid Corp offering the service in 100 stores, with an expansion to 1,500 stores by year’s end, the companies said. |
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India warns foreign e-commerce firms like Amazon, Flipkart over discounts
Posted on 26th June 2019 |
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India has told foreign e-commerce firms such as Amazon and Walmart's Flipkart that they must ensure compliance with new foreign investment rules aimed at deterring them from providing steep online discounts, three sources familiar with the discussions told Reuters. Commerce Minister Piyush Goyal has said that while the government was prepared to listen to concerns about its new foreign direct investment rules (FDI), it was committed to protecting small traders from predatory behaviour by foreign-funded companies, the sources said. |
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