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Posts Tagged ‘ Jeff Bezos ’

Exclusive: Amazon elevates India head Amit Agarwal

Thursday, March 16, 2017 | More »

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US-based Amazon.com, Inc. has elevated India chief Amit Agarwal to senior vice president (SVP), making him one of the few SVPs at the e-tailing giant globally, a person familiar with the development told VCCircle. The meatier role is a likely reward for Agarwal’s successful efforts in building...

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

Ecommerce major Amazon has sought the Indian government’s approval to open food-only physical outlets combined with an online platform to sell locally produced food items. Citing a person who saw the application submitted to the government by Amazon Corporate Holding Pvt. Ltd, The Economic Times r...

16 February, 2017 | More »

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‘Large’ India investment weighs on Amazon Inc’s bottom line

US-based Amazon Inc’s loss from international business widened to $487 million for the quarter ended 31 December 2016 compared to $108 million in the same period in 2015, as heavy investments in India, and aggressive spend on digital content and setting up warehouses weighed on the bottom line. Du...

3 February, 2017 | More »

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Flipkart, Amazon drop $1 bn Souq acquisition bid: Report

US-based Amazon.com Inc and Indian online retailer Flipkart have dropped a bid to acquire Middle East-based horizontal e-commerce venture Souq.com due to a disagreement over price, Bloomberg reported on Wednesday. Souq.com has now reached out to Dubai-based mall company Majid Al Futtaim, the report ...

18 January, 2017 | More »

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You can now sell used goods on Amazon India

Amazon India has introduced peer-to-peer sales of used goods, wherein a user can sell products on its platform by registering as an individual seller. The pilot is currently operational in Bengaluru. The programme, called ‘pick-pack-and-pay’, comes after Amazon introduced the sales of us...

3 January, 2017 | More »

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Flashback 2016: Amazon in pole position as revenue surges, capital flows in

When Amazon looks back at its journey in India, 2016 might stand out as the year when it turned the tables on arch-rival Flipkart. From narrowing the gap with India’s e-commerce numero uno to making and committing mammoth investments, it seems the Jeff Bezos-led company is now setting the stag...

29 December, 2016 | More »

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Amazon to go all out in 2017, up India investments

Amazon is planning to ramp up its investment in India in the new year as it continues to take on home-grown e-commerce players Flipkart and Snapdeal. Amit Agarwal, Amazon’s India chief, in an interview with The Economic Times said the firm “will demonstrate massive scale in 2017,” investing he...

22 December, 2016 | More »

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Amazon injects $296 mn more into India unit

US-based Amazon.com Inc has invested Rs 2,010 crore ($296 million) more in its India unit as it intensifies competition with local rival Flipkart, a media report said on Tuesday. The investment was made last month and is the largest capital infusion into Amazon Seller Services Pvt Ltd so far, The Ec...

20 December, 2016 | More »

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Amazon claims first successful drone delivery in just 13 minutes

Amazon completed its first successful drone delivery last week in Cambridge in flat 13 minutes of placing the order. The delivery was made as part of the beta testing for Amazon’s Prime Air service that claims to deliver packages up to five pounds (2.6 kg) in 30 minutes or less using small drones....

15 December, 2016 | More »

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Amazon rolls out Launchpad to support startups in India

US-based Amazon.com Inc’s India subsidiary has launched its global programme for startups, Amazon Launchpad, in the country. Indian startups can market their products under this programme to Amazon customers across the country and the world through an e-store, the company said in a statement on Mo...

6 December, 2016 | More »

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