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Amazon probes allegations of customer data leak to Chinese companies
Posted on 17th September 2018
Amazon is investigating allegations that some of its staff sold confidential customer data to third-party companies particularly in China, The Wall Street Journal reported Sunday.

According to the newspaper, which did not give figures, employees of the online giant sell internal data and other confidential information -- usually through intermediaries -- to merchants who sell their goods on the US giant's website.

Amazon founder Jeff Bezos, unveils $2 billion philanthropic fund to help homeless families, preschools
Posted on 14th September 2018
Amazon founder Jeff Bezos, the richest person on the planet, said Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial USD 2 billion to the cause. Bezos made the announcement on Twitter a year after asking for ideas on how he could use his personal fortune — now estimated at more than USD 160 billion — for charitable efforts.

Amazon business supply program may reach $25 billion by 2021
Posted on 12th September 2018
Schools, hospitals and governments have quickly embraced Inc. as a go-to source for supplies, propelling the company’s three-year-old business platform into a $10 billion annual enterprise. Its success may soon provide as much revenue as the Amazon Web Services cloud-computing division and its digital-advertising services.

Amazon to roll out more fashion brands; files trademark applications for eight apparel lines
Posted on 11th September 2018 Inc. has filed for a series of trademarks that suggest the company is planning to roll out more clothing brands, part of its bid to become a bigger fashion destination. Over the past few weeks, the e-commerce giant has filed U.S. trademark applications for eight apparel lines, including ones aimed at outerwear and children’s gear.

Amazon, Flipkart may clock $3 billion in GMV during 5-day festive sale
Posted on 8th September 2018
The two big e-commerce players — Amazon and Flipkart — together are expected to clock gross merchandise value (GMV) ranging between $2.5-3 billion during the five-day festive season sale this year, RedSeer Consulting has estimated in its latest report. This is a jump of almost 67-100% in GMV against a similar period last year, when they together had clocked a GMV of $1.5 billion.

Amazon refund money of 1,500 customers siphoned off by hackers, here’s how
Posted on 6th September 2018
Refunds due to as many as 1,500 Amazon customers have been siphoned off by hackers, according to a legal complaint filed by the e-commerce giant. The incident came to light after the legal cell of Amazon filed a complaint in Lucknow yesterday. Based on the complaint, an FIR was lodged against unknown hackers at Vibhuti Khand police station. Notably, many customers had initially complained that refunds were not being credited to their bank accounts.

Amazon follows Apple Inc, hits $1 trillion market value milestone
Posted on 5th September 2018 Inc on Tuesday became the second US company to reach $1 trillion in stock market value, just weeks after Apple Inc hit the same milestone on Aug 2.

Shares in the world's largest online retailer last traded up 1.4 per cent at $2,041.68. Its shares hit the $2050.2677 level to give its stock a value of $1 trillion.

How Amazon plans to jump the language barrier to reach 500 mn Indians
Posted on 4th September 2018
Only 10 per cent of India's 1.3 billion people know English. Yet most of the country's e-commerce services have been offered only in English, closing off online shopping to the vast majority of people here.

Now Amazon is aiming to break through that language barrier. The e-commerce giant on Tuesday offered a hearty “namaste” to this country’s half a billion Hindi speakers by making its local website and apps available in India’s most popular language.

Amazon christens assisted shopping service as ‘Amazon Easy’
Posted on 28th August 2018
E-Commerce giant Amazon today said its over 14,000 assisted online shopping service points, internally codenamed ‘Project Udaan’ till now,will be branded as’Amazon Easy’by the middle of 2019, a senior company official said today. “Starting withover200stores across the Krishna, West Godavari, East Godavari, Warangal, Nalgonda and Guntur districts in Andhra Pradesh and Telangana

No work emails between 6 pm and 8 am: Amazon India boss tells employees
Posted on 21st August 2018
The head of Amazon India's business has reportedly asked his employees to get a life - quite literally. In an email, which was leaked and accessed by news agency Bloomberg, Amit Agarwal has told his team to stop responding to emails or work calls between 6 pm and 8 am.

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