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Amazon closes in on Apple in the $1 trillion stakes
Posted on 3rd July 2018
In the battle for the first company to reach and sustain $1 trillion in stock market value, don’t count out a come-from-behind victory.

Apple Inc. has had a lock on its spot as the world’s most valuable public company by stock value for several years, and we’ve been waiting for it to crest the $1 trillion market cap milestone. The company inched within $50 billion of that mark in early June before its share price retreated a bit.


Amazon Web Services Cloud helping researchers make sense of genomics data
Posted on 2nd July 2018
When it comes to genome analytics, data may run in petabytes (PB is 1,000 terabytes). Keeping this data stored in Cloud is paramount and Amazon Web Services (AWS) is helping Genome Institute of Singapore (GIS) achieve that. “We do have a lot of data when we’re studying cancer or heart disease. That’s human data and for that, we have very strong security protocols in place.

From Amazon to Coke, multinationals lobby to soften Maharashtra plastic ban
Posted on 29th June 2018
Multinational companies like Amazon Inc and H&M are lobbying to soften a ban against single-use plastic imposed by an Indian state last week, according to four sources familiar with the matter.

The ban by the state of Maharashtra, home to India's financial capital of Mumbai, could sharply raise costs for companies that rely heavily on plastic for packaging, such as retailers, beverage makers and sellers of bottled water.


Amazon stakes claim to top fashion platform; vertical grows 90% in 2017
Posted on 27th June 2018
US e-commerce giant Amazon’s big push into fashion retail in the Indian market seems to be paying off, with the company on Tuesday announcing a jump of nearly two-and-a-half times in sales during the third edition of its Wardrobe Refresh Sale.

Arun Sirdeshmukh, business head of Amazon Fashion, said this was the biggest-ever sale for the company.


Amazon’s Cloud arm preparing India to lead next tech revolution
Posted on 22nd June 2018
Known for dispatching the best software talent across the world for years, India has now embarked upon a Cloud-driven journey to prepare the Next-Gen of skilled workers — data scientists, Artificial Intelligence (AI) Mavericks and mobile developers. The task is humongous and online retail giant Amazon’s Cloud business arm Amazon Web Services (AWS) has now fast-tracked skilling the young — providing them early access to its core Cloud platform that has already transformed millions of enterprises and start-ups globally.

Amazon's Alexa will now butler at Marriott hotels
Posted on 20th June 2018
Amazon.com said on Tuesday that it has partnered with Marriott International to help increase guest access to amenities with Alexa, through its voice-controlled device Echo, in an attempt to expand its presence in the hospitality industry.

Alexa for hospitality would assist in providing services ranging from ordering room service to requesting housekeeping or calling the concierge for dinner recommendations without picking up the phone.


Amazon's Jeff Bezos now world's richest with $141 billion net worth: Forbes
Posted on 19th June 2018
Amazon founder and CEO Jeff Bezos has become the richest man in the world with a net wealth of $141.9 billion, the Forbes World's Billionaires list showed on Monday.

Bezos' wealth has grown more than $5 billion since June 1 to beat Bill Gates, the principal founder of Microsoft Corporation, who is the second-richest man in the world with $92.9 billion.


Amazon flaunts Pay to take on e-wallet biggies, to extend credit services
Posted on 18th June 2018
To celebrate the fifth anniversary in India of online sales platform Amazon, its founder and top boss, Jeff Bezos, decided to give away cash-back as a thank you gesture, in their Amazon Pay wallets.

What he subtly did was to raise more customers for the digital wallet and push the usage further.


Kiranas deliver the goods for ecommerce giants like Amazon, Myntra
Posted on 11th June 2018
The friendly neighbourhood kirana store is getting increasing attention from ecommerce behemoths such as Amazon India and Myntra for handling the last leg of their deliveries.

Ecommerce companies have over the past year significantly scaled up their use of this channel for last-mile delivery, allowing them to reduce their delivery staff or engage them for more advanced tasks.


Amazon shares gain 45% in 2018: I was too dumb to realise, says Warren Buffett
Posted on 8th June 2018
For most U.S. fund managers, beating the market this year has come down to one decision: whether or not to own shares of Amazon.com Inc. More than 70 percent of the actively-managed U.S. large-cap funds that are beating the 3.5-percent gain in the benchmark S&P 500 own shares of the Seattle-based e-commerce giant, according to Lipper data. Shares of the company are up nearly 45 percent for the year-to-date, and account for nearly 40 percent of the S&P 500’s gain for the year, according to S&P Global.

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