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Walmart, Amazon kick off government online pilot program
Posted on 20th April 2019
New York: Amazon and Walmart on Thursday kicked off a two-year government pilot program allowing low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time.

ShopRite will join the two retailers on the program early next week, said the US Department of Agriculture, which oversees the Supplemental Nutrition Assistance Program, or SNAP.

Walmart, Amazon are turning small Indian firms into global entrepreneurs
Posted on 15th April 2019
Indo Count Industries, a lesser known textiles manufacturer in India, is one of the fastest growing suppliers of home textiles in the US and Europea. The company has entered 49 foreign markets and aims to be a global leader.

For Mumbai-based Indo Count, global retail monolith Walmart offered the gateway. A partnership with Walmart’s home brand ‘Canopy’ over a decade ago helped the Indian textiles maker expand globally.

On hiring spree: Amazon to hire 800 tech engineers in latest expansion
Posted on 29th March 2019 Inc. says it will hire an additional 800 engineers in Austin, Texas, the company’s first major U.S. office expansion since backing out of a corporate campus in New York.

In February, the online retailer abandoned plans for a campus in Queens, New York, amid opposition from local politicians and labor groups.

How to download YouTube, Amazon Prime Video, & Netflix shows in India
Posted on 18th March 2019
The way entertainment modes are changing with new avenues of content creation and its dissemination, people now enjoy their favourite shows in the form of short videos, web series etc.

Several platforms (OTT) have come up to cater to the entertainment demand in the backdrop of the internet boom.

Flipkart co-founder Binny Bansal, others put in $65 million in Amazon-backed Acko General Insurance
Posted on 14th March 2019
Acko General Insurance has raised $65 million from Flipkart co-founder Binny Bansal, RPS Ventures led by Kabir Misra, ex-managing partner at SoftBank, and Intact Ventures. Existing investors such as Amazon, Accel, SAIF and TechPro Ventures have also participated in the Series C round, the firm said in a release on Wednesday. With this latest infusion, Acko has now attracted $107 million. Previously, Acko had raised $30 million in seed funding and later $12 million in a Series B round led by Amazon.

Google, Facebook, Netflix, Amazon foray Into banking seen as threat by RBC CEO
Posted on 13th March 2019
Royal Bank of Canada’s Dave McKay is feeling the bite of the FANGs.

The lender’s chief executive officer told investors on Tuesday that he’s increasingly worried about the so-called FANG companies — Facebook Inc., Inc., Netflix Inc. and Google parent Alphabet Inc. — getting into banking. The companies are already inserting themselves between the bank and its customers as people increasingly turn to the technology giants when shopping for financial services, McKay said.

Amazon vs 8 countries battle tech giant for ownership of domain
Posted on 12th March 2019
Brazil on Monday thanked the global body that oversees Internet addresses for extending until April a deadline for Amazon basin nations to reach a deal with Inc in their seven-year battle over the .amazon domain name.

The Internet Corporation for Assigned Names and Numbers (ICANN) meeting this week in Kobe, Japan, decided to put off a decision that was expected to favour use of the domain by the world's largest online retailer.

Reliance to boost Trends fashion stores, challenge Amazon and Flipkart
Posted on 8th March 2019
Reliance Industries Ltd plans to grow the number of low-cost Reliance Trends fashion stores across India to 2,500 from 557 over the next five years and integrate them with its online business, two people briefed on the plans said.

The expansion is the latest move by the conglomerate's billionaire owner Mukesh Ambani to grab a dominant share of Indian consumer spending in a struggle with rivals, particularly e-commerce giants Inc and Walmart Inc's Flipkart.

Amazon is closing 87 US pop-up electronics stores next month
Posted on 7th March 2019 Inc. is ending its experiment with electronics-focused pop-up stores, shuttering 87 kiosks located inside shopping malls, Whole Foods Market locations and Kohl’s stores around the U.S.

“After much review, we came to the decision to discontinue our pop-up kiosk program,” an Amazon spokeswoman said.

Google, Amazon, Facebook, Apple dread this future French tax ‘GAFA’
Posted on 5th March 2019
Google, Amazon, Facebook and Apple – or “GAFA,” as they’re known in France – are easy to group together in the European imagination. They’re big, they’re American and they’ve tended to pay relatively little tax, thanks to legal loopholes and a business model that exists largely in the virtual world.

Frustrated governments have tried to use the courts and the hammer of EU regulators to squeeze more money out of the tech giants, but it hasn’t always worked.

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