Amazon revises seller commissions, increases logistics costs

Payal Ganguly

Online marketplace Amazon India has revised seller commission structures across half of its product categories with a view to ....

25 April, 2019

AWS starts cloud service to process satellite data

Anirban Ghoshal

Amazon Web Services (AWS), the cloud computing unit of Inc., is starting a new cloud service that will allows its customers ....

28 November, 2018

Walmart's Q3 e-commerce revenue jumps 43% on online grocery sales


Walmart Inc reported better-than-expected quarterly U.S. comparable sales on Thursday and raised its full year outlook as a strong ....

15 November, 2018

Mphasis acquires US cloud automation firm Stelligent for $25 mn

Anirban Ghoshal

Mphasis Ltd, an Indian information technology company that is majority-owned by private equity firm Blackstone, has acquired US-based ....

9 November, 2018

Amazon versus Flipkart: Who is winning this year’s festive season sale?

Dearton Thomas Hector

In the carbonated beverages industry, the war between PepsiCo Inc. and Coca-Cola Inc. is legendary. There are plenty of examples ....

8 November, 2018

Amazon India marketplace revenue grows 58% in FY18, loss mounts to nearly $1 bn

Dearton Thomas Hector

Amazon Seller Services Pvt. Ltd, the Indian marketplace arm of US-based online retailer Inc., fell deeper into a loss ....

2 November, 2018

Flipkart marketplace’s FY18 loss narrows but wholesale unit sinks deeper into the red

Binu Paul

Walmart Inc.-owned Flipkart, India’s largest e-commerce company, has reported heavy losses for two of its key business units ....

29 October, 2018

IBM to buy Red Hat for $34 bn to boost cloud computing business


IBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat Inc for $34 billion, including debt, as it seeks ....

29 October, 2018

Microsoft Q1 sales, profit exceed forecasts on cloud computing growth


Microsoft Corp beat Wall Street estimates for revenue and profit in its first quarter on Wednesday, as more businesses signed ....

25 October, 2018

Walmart cuts earnings outlook on Flipkart buy, expects e-commerce growth to slow


Walmart Inc lowered its earnings forecast for the year on Tuesday and said its e-commerce growth next year would be slower than ....

16 October, 2018

Amazon scraps secret AI recruiting tool that showed bias against women

Reuters Inc’s machine-learning specialists uncovered a big problem: their new recruiting engine did not like women. The ....

10 October, 2018

SoftBank teams up with Toyota for future car technologies


Toyota Motor Corp and SoftBank Group Corp said they would team up to develop new transport services, adding to a slew of deals ....

4 October, 2018

Amazon India logistics arm's FY18 revenue jumps 59%, to get fresh fund infusion

Vijayakumar Pitchiah

Amazon Transportation Services Pvt. Ltd, the Indian logistics arm of e-tailer Inc., reported a 59% rise in operational ....

3 October, 2018

Amazon becomes second company after Apple to hit $1 trillion market value

Reuters Inc on Tuesday briefly joined Apple Inc to become the second $1 trillion publicly listed U.S. company after its ....

5 September, 2018

Amazon Q2 profit soars to record on cloud computing, advertising

Reuters Inc forecast strong fall sales and posted a profit that was double Wall Street targets on Thursday thanks to the retailer's ....

27 July, 2018

Amazon sells 100 mn products globally on Prime Day; market cap hits $900 bn


Online shoppers purchased more than 100 million products worldwide during Inc’s  annual Prime Day sale this ....

19 July, 2018

Amazon deposits more money into Indian digital payments arm

Vijayakumar Pitchiah

Amazon Pay (India) Pvt. Ltd, the local digital payments arm of the global e-commerce major, has received a fresh funding infusion ....

17 July, 2018

Amazon cloud unit may sell own networking switches in challenge to Cisco


Shares of Cisco Systems Inc and other network equipment makers fell on Friday after a report that Inc's cloud services ....

16 July, 2018

Amazon adopts new policy to promote board diversity

Reuters Inc on Monday said it is adopting a new policy to promote diversity in its board of directors, saying that women and ....

15 May, 2018

Amazon plans to launch brick-and-mortar food outlets in India

Binu Paul

Ecommerce major Amazon has sought the Indian government's approval to open food-only physical outlets combined with an online ....

16 February, 2017

'Large' India investment weighs on Amazon Inc's bottom line

Dearton Thomas Hector

US-based Amazon Inc's loss from international business widened to $487 million for the quarter ended 31 December 2016 compared ....

3 February, 2017