AWS starts cloud service to process satellite data

Anirban Ghoshal

Amazon Web Services (AWS), the cloud computing unit of Amazon.com Inc., is starting a new cloud service that will allows its customers ....

28 November, 2018

Walmart's Q3 e-commerce revenue jumps 43% on online grocery sales

Reuters

Walmart Inc reported better-than-expected quarterly U.S. comparable sales on Thursday and raised its full year outlook as a strong ....

15 November, 2018
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Mphasis acquires US cloud automation firm Stelligent for $25 mn

Anirban Ghoshal

Mphasis Ltd, an Indian information technology company that is majority-owned by private equity firm Blackstone, has acquired US-based ....

9 November, 2018

Amazon versus Flipkart: Who is winning this year’s festive season sale?

Dearton Thomas Hector

In the carbonated beverages industry, the war between PepsiCo Inc. and Coca-Cola Inc. is legendary. There are plenty of examples ....

8 November, 2018

Amazon India marketplace revenue grows 58% in FY18, loss mounts to nearly $1 bn

Dearton Thomas Hector

Amazon Seller Services Pvt. Ltd, the Indian marketplace arm of US-based online retailer Amazon.com Inc., fell deeper into a loss ....

2 November, 2018

Flipkart marketplace’s FY18 loss narrows but wholesale unit sinks deeper into the red

Binu Paul

Walmart Inc.-owned Flipkart, India’s largest e-commerce company, has reported heavy losses for two of its key business units ....

29 October, 2018
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IBM to buy Red Hat for $34 bn to boost cloud computing business

Reuters

IBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat Inc for $34 billion, including debt, as it seeks ....

29 October, 2018

Microsoft Q1 sales, profit exceed forecasts on cloud computing growth

Reuters

Microsoft Corp beat Wall Street estimates for revenue and profit in its first quarter on Wednesday, as more businesses signed ....

25 October, 2018

Walmart cuts earnings outlook on Flipkart buy, expects e-commerce growth to slow

Reuters

Walmart Inc lowered its earnings forecast for the year on Tuesday and said its e-commerce growth next year would be slower than ....

16 October, 2018

Amazon scraps secret AI recruiting tool that showed bias against women

Reuters

Amazon.com Inc’s machine-learning specialists uncovered a big problem: their new recruiting engine did not like women. The ....

10 October, 2018
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SoftBank teams up with Toyota for future car technologies

Reuters

Toyota Motor Corp and SoftBank Group Corp said they would team up to develop new transport services, adding to a slew of deals ....

4 October, 2018

Amazon India logistics arm's FY18 revenue jumps 59%, to get fresh fund infusion

Vijayakumar Pitchiah

Amazon Transportation Services Pvt. Ltd, the Indian logistics arm of e-tailer Amazon.com Inc., reported a 59% rise in operational ....

3 October, 2018

Amazon becomes second company after Apple to hit $1 trillion market value

Reuters

 Amazon.com Inc on Tuesday briefly joined Apple Inc to become the second $1 trillion publicly listed U.S. company after its ....

5 September, 2018

Amazon Q2 profit soars to record on cloud computing, advertising

Reuters

Amazon.com Inc forecast strong fall sales and posted a profit that was double Wall Street targets on Thursday thanks to the retailer's ....

27 July, 2018

Amazon sells 100 mn products globally on Prime Day; market cap hits $900 bn

Reuters

Online shoppers purchased more than 100 million products worldwide during Amazon.com Inc’s  annual Prime Day sale this ....

19 July, 2018

Amazon deposits more money into Indian digital payments arm

Vijayakumar Pitchiah

Amazon Pay (India) Pvt. Ltd, the local digital payments arm of the global e-commerce major, has received a fresh funding infusion ....

17 July, 2018

Amazon cloud unit may sell own networking switches in challenge to Cisco

Reuters

Shares of Cisco Systems Inc and other network equipment makers fell on Friday after a report that Amazon.com Inc's cloud services ....

16 July, 2018

Amazon adopts new policy to promote board diversity

Reuters

Amazon.com Inc on Monday said it is adopting a new policy to promote diversity in its board of directors, saying that women and ....

15 May, 2018

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

Binu Paul

Ecommerce major Amazon has sought the Indian government's approval to open food-only physical outlets combined with an online ....

16 February, 2017

'Large' India investment weighs on Amazon Inc's bottom line

Dearton Thomas Hector

US-based Amazon Inc's loss from international business widened to $487 million for the quarter ended 31 December 2016 compared ....

3 February, 2017

Amazon expands grocery delivery service in India to 14 cities

Dearton Thomas Hector

The Indian unit of Amazon.com Inc has increased the number of cities where it delivers grocery and household items to 14, the ....

27 January, 2017