Amazon.com Inc. surpassed Microsoft Corp. to become the world’s largest public company on Monday, in the latest example of the list of Wall Street’s biggest names being reordered. Shares of the e-commerce company rose 3.4 percent, a rally that gave it a market capitalization of $797 billion, according to Bloomberg data. While this is down from Amazon’s record market cap, which topped $1 trillion in September, it was enough to push it past Microsoft at $789 billion.

Amazon.com Inc. and Walmart Inc. find themselves on the same side for once.

The bitter rivals have come together in India to lobby the government on regulations that threaten to dampen their expansion ambitions. Among other things, the giant retailers are asking for an extension on a Feb. 1 deadline for implementing those rules, according to people with knowledge of the matter.

E-commerce companies having foreign direct investment, like Flipkart and Amazon, will now have to look for ways to restructure their businesses so as to obviate the curbs on selling products of companies in which they have an equity stake. The government’s new FDI guidelines also restrict them from selling exclusive-only products on their platforms.

US-based online retail giant Amazon on Wednesday announced a record-breaking holiday season as tens of millions of people have signed up for its Prime membership either by making paid service or on a trial basis.

“Prime membership continued to grow this holiday season… to benefit from FREE Same-Day, One-Day or Two-Day shipping, in addition to FREE two-hour delivery with Prime Now, and exclusive shopping and entertainment benefits,” Amazon said.

The government will likely junk a recent proposal of a task force to set up a regulator for the e-commerce sector, a senior official told FE. However, in sync with the task force’s view, it could explore ways to curb alleged “market-distorting, predatory and differential pricing” of products through hefty discounts by e-tailers like Amazon and Flipkart in violation of foreign direct investment (FDI) rules, he said.

Jeff Bezos captured the world’s imagination when he appeared on CBS’s “60 Minutes” and pledged to fill the skies with package delivery drones.

Five years on, Amazon.com Inc.’s chief executive officer is betting on decidedly more terrestrial technology: drivers. As in real people.

The Centre is planning to revive its strategy to keep an eye on massive discounts offer by major e-commerce players like Amazon, Flipkart among others.

Citing sources, a report in the Times of India stated that the commerce and industry ministry is looking at ways to strengthen the e-commerce sector while safeguarding the interests of domestic retailers.

Tech giant Google Thursday unveiled ‘Google Shopping’ in India that will allow users to easily filter through offers, review prices from multiple retailers and find products that they are looking for. The personalised experience will be available across various Google products — a Shopping home page, Shopping tab on Google Search and through Google Lens. Customers will be able to see trending products across different categories, various deals, and compare prices using the new offering.

Amazon.com briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp dethroned long-time leader Apple Inc .

Amazon rose as much as 4.7 percent, putting its market capitalisation at $865.0 billion. Apple traded up 2.1 percent, giving it a market capitalisation of $864.8 billion.

Future Group founder Kishore Biyani is negotiating an agreement with Amazon that will give the US-based online retailer the option to acquire Biyani in the future, The Economic Times reported last week. The report said the e-commerce giant is in an advanced stage of talks to buy a 9.5% stake in Future Retail Ltd. Amazon has been testing the waters with stakes in smaller offline companies,

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